PFS News

Turkey to introduce national blockchain currency

The Turkish government plans to launch a central bank “blockchain based” digital currency within the next four years. The idea was included in The Eleventh Development Plan submitted to parliament […]

UK data ethics chief warns of threat to public trust

The head of the UK’s new technology ethics unit has warned that a loss of public trust could undermine work to develop and implement artificial intelligence (AI) systems. “Public trust […]

UK Treasury committee chair warns of threat to ‘access to cash’

The chair of the UK’s Treasury Select Committee has called for the urgent delivery of measures to ensure that the move towards digital payments leaves nobody behind. Delivering a keynote […]

Mexico to launch smartphone payments system

The Mexican central bank is to launch a smartphone payments system, and has instructed the country’s banks to join up by the time the system goes live at the end […]

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, […]

Canada appoints partners to replace Phoenix pay system

The Canadian government has appointed three tech vendors to test the options for replacing its doomed Phoenix pay system. Last year, the Ottawa administration announced that it would scrap Phoenix and […]

South Africa scouts state-backed digital currency

The South African Reserve Bank (SARB) is calling for solutions providers to help it with a feasibility project investigating the creation of a digital currency that would allow consumers to […]

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 […]

Electronic cash registers boost Ethiopia’s tax revenues, finds bank report

The Ethiopian government’s promotion of electronic tax registers has increased tax takes significantly, a new report by the African Development Bank (AfDB) has found. According to the bank, since the […]

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 […]