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Fintech

Philippines central bank launches digital payments platform

The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has launched an online payment facility for government transactions and is championing the adoption of a national QR code standard, in […]

Helsinki launches drive to promote electronic public service payments

The public authority for Finland’s capital city, Helsinki, has launched an initiative to encourage elderly residents to pay bills electronically. The City of Helsinki has teamed up with lobby group […]

China readies plans for sovereign digital currency

China looks set to become the first major nation to launch a digital sovereign currency: the digital yuan. The country’s Digital Currency Electronic Payment (DCEP) project, five years in the […]

Dutch authority launches probe into tech firms’ payment ambitions

The Netherlands Authority for Consumers and Markets (ACM) has launched an investigation into the role of big tech firms in the Dutch payments market. The aim of the ‘market study’, […]

World Bank paper scouts payments tech for older people

Text message alerts and increasing the use of digital payroll are two of the policy recommendations made in a new report on how digital financial technologies can help governments worldwide […]

Payments tech will help tackle financial exclusion, conference hears

‘Open banking’ is set to create “serious disruption” to financial services and could help address financial inclusion, a leading UK Parliamentarian has told Global Government Forum. Lord Holmes of Richmond, […]

US and UK launch fintech partnership

The USA and UK have set up a ‘Financial Innovation Partnership’ (FIP) to promote cooperation on regulatory issues and business development in financial technology, in a bid to develop both […]

Modi’s Indian election win clears way for cryptocurrency ban

The re-election of Indian prime minister Narendra Modi gives his BJP party the parliamentary muscle to push through its agenda – which looks set to include the banning of cryptocurrencies […]

ECB calls for “careful monitoring” of crypto-currencies

Crypto currencies’ potential implications for financial stability in Europe require “careful monitoring”, the European Central Bank (ECB) has said – though their combined value has not yet reached a point […]

Public finances: the power of fintech in service delivery

Using capabilities honed in the UK’s banking sector, NS&I Government Payment Services (NS&I GPS) manages monetary transactions across government. And the HM Treasury agency is now gearing up for the […]