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Fintech

France and UK move forward on central bank digital currencies

The central banks of France and the UK have moved towards the creation of central bank digital currencies (CBDCs), with the Banque de France issuing a call for applications to […]

Spain readies ground for fintech regulatory sandbox

Spain’s plans to launch a regulatory ‘sandbox’ for financial technology have regained momentum as the country emerges from almost a year of political deadlock.   The Council of Ministers in […]

Swedish central bank launches e-currency pilot

Sweden’s central bank has launched a pilot that aims to test a “simple and user-friendly” digital krona, marking another step towards its plan to roll out an e-currency.   The […]

UK open banking take-up doubles in six months

The number of people in the UK using ‘open banking’ technology has reached one million, according to data released this week.   The Open Banking Implementation Entity (OBIE), which was […]

Australia delays launch of ‘open banking’ regime

The rollout of Australia’s ‘open banking’ regime has been postponed for six months over security and privacy concerns. In a statement, the Australian Competition and Consumer Commission (ACCC) said the […]

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 […]