Tag: Cross-Border Payments
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Visa doubles down on AI-enabled payments and stablecoins in APAC
Visa bets on AI-enabled payments and stablecoins to stay ahead in APAC Visa is charting a bold course for the future of money in Asia-Pacific by leaning into artificial intelligence-enabled payments and stablecoins. As traditional card networks adapt to a rapidly shifting digital economy, Visa’s leadership underscores a broader shift: payments are increasingly a digital…
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Africa Stablecoin Summit: Shaping the Future of Digital Money
Overview: A landmark gathering on Africa’s digital finance future The Africa Stablecoin Summit, held over two days in Johannesburg, brought together financial authorities, tech innovators, and business leaders from across the continent to explore how stablecoins could reshape Africa’s economic landscape. As governments and regulators increasingly scrutinize digital currencies, the summit served as a practical…
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Africa Stablecoin Summit charts a course for digital money across the continent
Introduction: A landmark gathering on Africa’s digital money future The inaugural Africa Stablecoin Summit brought together financial executives, tech pioneers, policymakers, and business leaders from across the continent to discuss how digital currencies could strengthen Africa’s economy. Over two days, participants explored how stablecoins—digital assets pegged to stable values—could facilitate faster cross-border payments, reduce costs,…
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Rwanda and Tanzania Move to Link National Payment Systems for Instant Cross-Border Transactions
Overview: A regional leap in payments Rwanda and Tanzania have embarked on bilateral talks to connect their national retail payment switches, a move that could redefine how residents send and spend money across East Africa. By linking the two countries’ payment infrastructures, the discussions aim to enable instant cross-border transactions, reduce friction in remittances, and…
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Nigeria’s FATF Grey List Exit: A New Era for Cross-Border Finance
What the FATF Grey List Exit Means for Nigeria Nigeria’s removal from the Financial Action Task Force (FATF) grey list marks a pivotal reclassification in the country’s global financial standing. The decision, announced by FATF last Friday, signals that Nigeria has substantially addressed deficiencies in its anti-money laundering and countering financing of terrorism (AML/CFT) frameworks.…