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ECB invites industry experts to advise on offline deployment of digital euro

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ECB invites industry experts to advise on offline deployment of digital euro

The European Central Bank is inviting experts from the mobile tech industry to advise on the development of an offline model for digital euro payments.

PSR stands firm over reimbursement model for APP fraud

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PSR stands firm over reimbursement model for APP fraud

As the banking industry chafes against upcoming rules governing payback to victims of authorised push payment fraud, the Payment Systems Regulator has released new data which shows that reimbursement for victims still depends largely on who they bank with.

New US-Mexico payments pathway will tap rural community banks

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New US-Mexico payments pathway will tap rural community banks

A new cross-border payments infrastructure will enable remittances between the US and Mexico via 140 community banks in rural areas.

Ghana pilots blockchain-based credentials and CBDC for global trade

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Ghana pilots blockchain-based credentials and CBDC for global trade

The Bank of Ghana (BoG) has completed a proof-of-concept into the use of digital credentials for international trade and CBDC-based cross-border payments.

Bank of England calls for input on payments innovation

/payments

Bank of England calls for input on payments innovation

The Bank of England is seeking input from the private sector on its roadmap for innovation in money and payments.

Westpac starts offering debit cards to eight-year-olds

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Westpac starts offering debit cards to eight-year-olds

Australian bank Westpac is now offering debit cards to children as young as eight in a move it says will help them hone their financial skills.

Bank of Lithuania puts halt on new customers for local paytech Kevin

/payments

Bank of Lithuania puts halt on new customers for local paytech Kevin

The Lithuanian central bank has appointed an independent supervisor and restricted new business for local paytech Kevin after losing patience with the firm for repeated failings to file its annual reports.

Transactions database TigerBeetle raises $24m

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Transactions database TigerBeetle raises $24m

Financial transactions database TigerBeetle has raised $24 million in a Series A funding round led by Spark Capital.

Fintech acceleration partner archie adds ekko and wamo to portfolio

/payments

Fintech acceleration partner archie adds ekko and wamo to portfolio

A new fintech "acceleration partner" chaired by Atom and Metro Bank co-founder Anthony Thomson has added its first two portfolio companies, backing SME banking and payments firm wamo and climate-focused outfit ekko.

Egypt's MNT-Halan raises $157.5m for regional push

/payments

Egypt's MNT-Halan raises $157.5m for regional push

Egyptian fintech unicorn MNT-Halan is prepping regional expansion after securing around $157.5 million in funding.

Bank of Israel selects 14 teams to present use cases for digital shekel

/payments

Bank of Israel selects 14 teams to present use cases for digital shekel

The Bank of Israel has assembled 14 teams from the private sector, the public sector, and academia to study potential use case for a digital shekel.

Third of Brits now use mobile contactless payments

/payments

Third of Brits now use mobile contactless payments

The total number of payments made in the UK increased by five per cent in 2023 with a third of Brits now regularly paying with a tap of their mobile phone, according to UK Finance figures.

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