businesstimes

Singapore, UK and Canada Central Banks Issue Joint Report on Cross-border Payments

The central banks of Canada, Britain and Singapore on Thursday jointly released a report on cross-border payments and settlements, which provides a framework for assessing transactions in greater depth and discusses how alternative payment models can be implemented.

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Singapore, China to Collaborate on Fintech, Regulating Derivative Trades, Banking & Finance

Two agreements penned between financial agencies will pave the way for China and Singapore to collaborate on fintech innovations and cross-border supervision of futures exchanges and intermediaries.

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India’s Finance Minister Says Mastercard, Visa Losing Out to Local Players

India’s finance minister said on Thursday that Mastercard and Visa were losing market share to domestic payments networks, months after Mastercard complained to the US government that Indian Prime Minister Narendra Modi was using nationalism to promote a local rival.

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Singapore Launches Unified Payment QR Code, Said to Be World’s First

Singapore unveiled the first-of-its-kind unified payment QR code on Monday, in an announcement by the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA).

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Mexico’s New Government Wants Fintech, Banks to Help Financial Inclusion

Mexico’s next government will look to fintech companies and large corporate banks to increase financial inclusion in the country, where only one-third of adults have a bank account, senior officials said on Tuesday.

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Walmart, Visa Resume Lobbying Battle Over Credit Card Standards

Lobbyists for Walmart Inc and other retailers are joining forces with companies that process payments in the latest battle over the $90 billion that US merchants pay banks annually to process credit and debit-card charges.

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