In a statement issued after the XLI Meeting of Presidents of Central Banks of South America, held in Quito, the Central Bank of Ecuador reported that digital payments in the South American region experienced an impressive growth of 84 % in the annual volume of retail transactions between 2018 and…
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Payment systems
Legislative Assembly of Panama sanctions cryptocurrency law
Panama advances on its way to regulate the use of cryptocurrencies in the country. The Legislative Assembly approved the cryptocurrency bill, which regulates the “commercialization and use of crypto assets, the issuance of digital value,…
South Korea to impose restrictions on Google and Apple
The South Korean Legislation and Justice Parliamentary Commission plans to approve the reforms to the Telecommunications Companies Law, which includes aspects related to the collection of commissions. Companies like Google and Apple will…
The Digo payment network adapts to the reality of Venezuela
Every day there are numerous users who join the social payment network Digo. Around 150 and 200 clients per day are part of the platform, which is developing functions and possibilities that not only allow having multiple payment systems,…
Huawei Card will be the next project of the Chinese technology giant
Huawei announced the soon launch of its credit card, it is Huawei Card, a project that will be available both digitally and physically. It ill offer exclusive benefits for travelers, such as access to lounges at train stations and airports…
An increasing number of companies want to implement payments in crypto
A study by HSB reveals that small and medium enterprises (SMEs) with less than five years of existence in the market show greater openness to accept payments with cryptocurrencies, compared to those that have more commercial experience.…
Google plans to enter the banking ecosystem
The Internet giant has ambitious plans for 2020. The Google Cache project provides for the supply of checking accounts, to join other companies such as Apple, which have opted for banking and financial services.
Google informed through the…
Bitpanda gets new license for payment services
The firm that operates a retail digital currency brokerage platform said the new license will allow it to expand its business model and offer new payment solutions.
It should be noted that the license to Bitpanda Payments GmbH was granted…
Sudeban studies alternative payment means in Venezuela
Three agreements were reached, during this meeting. The interconnection of the payment processors, examining the capacities of the inter-bank networks Suiche 7B and Conexus to route the total of transactions, and the analysis of other…