Bitt and IDEMIA win 2022 G20 TechSprint global CBDC competition

Bitt and IDEMIA are pleased to have won the 2022 G20 TechSprint global CBDC competition. The announcement came ahead of the G20 Bali Summit from the Bank for International Settlements (BIS) and Bank Indonesia as they concluded their third annual contest, which received more than 100 submissions from many of the world’s leading financial, technology, science, and marketing companies.  An independent panel of 11 experts, convened by Bank Indonesia, assessed the developed prototypes from the shortlisted...

Praxis Tech Ltd is Going Global

Praxis Tech continues its accelerated growth trajectory as it announces participation in multiple exhibitions, spanning the globe. As 2022 comes to a close, Praxis has a lot in store over the next quarter; exhibiting in Dubai, Malta, and London. Their aim being to meet new potential clients, strengthen the bond with existing merchants, and showcase all that Praxis has to offer. The Praxis representatives are eager to discuss all things payments, and guide users in how their product...

Business Adoption of Emerging Electronic Payment Tools on the Rise

BNY Mellon, in collaboration with Aite-Novarica Group, today released a study examining commercial payment trends, finding that businesses are embracing a range of emerging digital tools such as real-time payments (RTP) and digital wallets. The report also found significant regional differences in channel usage. The adoption of instant payments is expected to increase, both in the U.S. via the RTP® network and the soon-to-be-launched FedNow service, and in Europe and the U.K. with the SEPA Credit Transfer Instant and...

MoneyGram Strategically Partners & Investments in Jingle Pay

Through this strategic partnership, consumers in the UAE can use the Jingle Pay app to send money in near real-time to over 200 countries and territories around the world MoneyGram has also completed a minority investment in Jingle Pay, providing the Company with a direct ownership position in the startup MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, and Jingle Pay, a financial super-app based in the United Arab Emirates (UAE), today announced a...

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