Oman to Start Levying a 5% Value Added Tax

Tax will be on most goods and services, though with some exceptions. There will be exemptions…

Neobanking is Steadily Making Inroads into UAE

ADQ will be setting up a digital bank in the United Arab Emirates (UAE) with an…

Banorte Reinvents Payments in Mexico

Chile’s Economy Grows

Chile’s economic activity sank 5.3% in September year-on-year but grew 5.1% from the previous month, the…

ConsenSys is Becoming Increasingly Active in the Central Bank Digital Currency Space

ConsenSys has just sealed its sixth central bank digital currency project. On Oct. 28, the blockchain…

Quick Fix Amendments to EU Banking Rules

European Commission announced a banking package proposed to facilitate bank-lending in an effort to support the…

European Economy Grows Unexpectedly during Q3 of 2020

Upturn in the July-September quarter — and the worries about what’s ahead — echoed the situation…

Arab African International Bank goes Live with Temenos

AAIB signed the deal with both Temenos and IBM back in 2015. Temenos Transact – or…

Growth Forecast for 2020 and 2021 Revised by Nedbank

Bank said in a voluntary trading update for the nine months ended September 2020, that the…

Mobile Wallet Adoption is Gradually Displacing Cash and Cards in India

Mobile wallet transactions in India is expected to reach $1.41t in 2024 (INR100.6t), more than double…