Global Finance

OCTOBER 31, 2024

Official media in July reported China Merchants Bank Chairman Miao Jianmin’s announcement of a strategic shift for his institution from “retail bank” to “value bank.” The institutional giant is accelerating its transformation into a new retail bank featuring efficient, data-driven interactions between its wholesale and retail operations.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Risk Management Manufacturing Banking 52

Global Finance

MAY 1, 2025

The strategic and operational aim of the IFIs is to increase digitalization to drive efficiency, gain new customersparticularly at the higher end of retail and commercial bankingand raise competitiveness in challenging banking markets. Its performance wins the bank the Best Islamic Retail Bank award.

Finance 83

Finance Banking Retail Investments 83

Global Finance

MAY 2, 2025

Stablecoins are a type of cryptocurrency designed to maintain a stable value over time; they are typically pegged 1:1 to the value of traditional currencies like the US dollar or the euro.) Institutional buyers are less likely to sell on bad days than are leveraged retail buyers, he says.

Currencies 84

Currencies Treasury Banking Investments 84

Global Finance

FEBRUARY 4, 2025

Societe Generale also offers a dedicated and simplified solution to retail clients or small and midsize enterprises (SMEs) based on their ESG rating. Finally, establishing connectivity to CRX Markets improves support for Societe Generales largest clients to help grow the banks SCF programs.

Finance 52

Finance Invoicing Banking Manufacturing 52

Musings on Markets

JULY 18, 2025

The second is bitcoin , which can be viewed as either a currency or a collectible, and in a series of posts, I argued that bitcoin can only be priced, not valued, making debates about whether to buy or not to buy entirely a function of perception.

Currencies 74

Currencies Profit and Loss Investments Marketing 74

Global Finance

JULY 8, 2025

To find out how companies are coping with rising trade tensions and currency volatility, we asked our writers across key regions—Southeast Asia, Japan, India, and the United States—to speak with manufacturers and exporters on the ground. That would cost us much more in terms of cost, time, and effort.

Manufacturing 126

Manufacturing Profit and Loss Planning Marketing 126

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. A CBDC would be denominated in the sovereign currency, and convertible at par with other forms of money.”. The language is interesting — and noteworthy. What It Won’t Do. The Rewards.

Currencies 87

Currencies Retail Banking Financial Systems 87

PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may implement a monetary policy and issue currency.

Currencies 97

Currencies Banking Retail Accounting 97

PYMNTS

DECEMBER 1, 2020

It’s been more than a year in the making — with no shortage of caution and criticism by lawmakers and regulators here in the states and in Europe — but Libra, the digital currency backed by Facebook and a revolving cast of other tech firms, could debut as early as next month. Morgan stablecoin, known as JPM Coin, geared toward B2B.

Currencies 117

Currencies Banking B2B CFO 117

PYMNTS

DECEMBER 29, 2020

In an interview with PYMNTS, Lilia Metodieva, managing director at Monneo , said virtual international bank account numbers (IBANs) can help firms gain scale internationally, and customize payments to serve the needs of their end customers. Platforms and single access points help bridge the gap between traditional banks and eCommerce.

Numbers 115

Numbers Accounting Banking eCommerce 115

PYMNTS

JUNE 17, 2020

A growing number of nations are looking to develop digital versions of their currencies, and now there might be regional initiatives taking shape to target the U.S. The publication said China would back the new digital currency with a basket consisting of the Chinese yuan, Japanese yen, Hong Kong dollar and the South Korean won.

Currencies 89

Currencies Banking Accounting Numbers 89

PYMNTS

DECEMBER 26, 2019

The Central Bank of the Bahamas is planning to start a rollout of its new digital currency on Friday (Dec. Called Project Sand Dollar, the name of the currency will also be the sand dollar, according to a press release. The intent is to start a fully-fledged central bank digital currency (CBDC). 27) in Exuma.

Currencies 83

Currencies Banking Retail Accounting 83

PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). While a retail CBDC would be available for the general public, wholesale would serve a limited circle, primarily banks. The latter could be in the form of an account at central banks, available to everyone.

Currencies 76

Currencies Banking Retail Accounting 76

PYMNTS

APRIL 13, 2020

The stimulus checks — some of them, anyway — are coming, via direct deposit, to tens of millions of Americans’ bank accounts over the next several weeks. In other words, the recipients would create checking accounts at the Federal Reserve Banks (there are 12 of them).

Accounting 99

Accounting Banking Currencies Treasury 99

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. The Federal Reserve Bank has been exploring a digital currency.

Currencies 70

Currencies Banking Retail Securities 70

PYMNTS

SEPTEMBER 23, 2019

Western Union’s history as a retail cross border remittance platform is moving money between people, largely via cash, within minutes. We move money in minutes on the retail side of our business, and asked ourselves whether we could move money in real time to an account or mobile wallet,” Ersek told Karen Webster.

Accounting 82

Accounting Banking B2B B2C 82

PYMNTS

JUNE 10, 2020

The Bank of Ghana continues to consider the creation of a digital currency, GhanaWeb reported. In other news, authorities have purportedly frozen approximately 4,000 bank accounts in China belonging to digital currency traders, Cointelegraph reported.

Currencies 53

Currencies Accounting Banking Retail 53

PYMNTS

SEPTEMBER 21, 2020

As China prepares to debut digital currency, JD.com Inc., CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC). The idea is for the corporation and the central bank to craft wallets that support China’s digital currency.

Currencies 56

Currencies Banking eCommerce Technology 56

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

Currencies 57

Currencies Banking Retail Accounting 57

PYMNTS

AUGUST 5, 2020

To that end, as Coinstar CEO Jim Gaherity told PYMNTS, the stage is becoming increasingly set for currency — the literal cold, hard stuff of bills and coins — to be rendered in bits and bytes. If consumers have accounts with a particular bank, they can pour coins into the kiosk and conduct a direct-to-account bank deposit.

Currencies 135

Currencies Numbers Advertising Retail 135

Future CFO

APRIL 10, 2022

Digital money will be the future, said PwC recently when releasing its 2022 PwC Central Bank Digital Currency (CBDC) Global Index. It’s estimated that more than 80% of central banks are considering launching a central bank digital currency,” the company noted in a statement.

Foreign Exchange 98

Foreign Exchange Currencies Retail Banking 98

CFO News Room

FEBRUARY 5, 2022

Finance minister Nirmala Sitharaman said in the Budget speech that the introduction of a central bank digital currency (CBDC) will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system.

Budgeting 130

Budgeting Currencies Finance Banking 130

PYMNTS

MAY 11, 2020

Office of the Comptroller of the Currency (OCC) Chief Operating Officer Brian Brooks said he thinks digital currency firms could go under a federal licensing program in the event they offer what could be called payment services, CoinDesk reported. Meanwhile, MiL.k,

Currencies 67

Currencies Retail Banking Accounting 67

PYMNTS

MARCH 10, 2020

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Cincinnati-based Fifth Third Bancorp alleging that employees opened accounts for customers without their consent in an effort to reach sales targets, according to reports on Tuesday (March 10). The CFPB filed a complaint with the U.S.

Accounting 67

Accounting Banking Sales Currencies 67

PYMNTS

JANUARY 6, 2021

If the high-level concept is that merchants will accept and banks will issue, in terms of mechanics, the CoDi platform lets users with savings accounts at participating financial institutions to make wire transfers through their phones by scanning merchants’ QR codes or wielding devices at on-site NFC terminals.

Banking 145

Banking Planning Accounting Currencies 145

PYMNTS

AUGUST 3, 2020

Innovation has been a welcome development for retailers in the pandemic. The store marks a new chapter in retail technology, social retail and social currency all at the same time. The Burberry-Tencent venture could be the most high-profile use of social currency in retail. eMarketer estimates that 11.6

Currencies 50

Currencies Retail eCommerce Accounting 50

PYMNTS

AUGUST 30, 2020

Users could search “digital currency” and find the app — and furthermore, they could activate it by entering the mobile phone number associated with their CCB account. But the brief trial run, however accidental, showed proof that the CCB has been working toward the much-publicized digital currency at the state level.

Banking 95

Banking Construction Currencies Retail 95

PYMNTS

MARCH 26, 2020

Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. A card is used for payouts into any bank account, digital wallet or agent locations supported by Western Union.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

PYMNTS

AUGUST 5, 2020

This is not a shift because this digital growth isn’t coming at the expense of our retail business so much as it is about getting new customers to the category and other customers from other parts of the remittance market, like banks and other digital financial services providers.”. Earnings likewise fell sharply to $161.9 million ($1.43

CFO 134

CFO Currencies Education Retail 134

PYMNTS

OCTOBER 9, 2020

In today’s top news, the Federal Reserve and seven central banks are collaborating on a framework for digital currency, and Amazon India prepares for its festive season with a $95.5 Fed, Central Banks Frame Criteria For Digital Currency. Report: How Furniture Retailers Use Automation To Take Fraud Off The Table. million boost.

Currencies 56

Currencies Banking Retail Sales 56

PYMNTS

JUNE 30, 2020

Senate committee on Tuesday (June 30) that electronic currencies could help consumers. After all, it takes days to settle retail bank transfers. He said that for consumers with no bank accounts, such digital wallets could com pre-loaded on mobile phones. Digital dollar advocates told a U.S. But Giancarlo said a digital U.S.

Currencies 124

Currencies Banking Accounting Technology 124

PYMNTS

DECEMBER 17, 2020

The digital currency is up more than 200 percent year to date, and while speculation runs rampant about how high the price can go, as MarketWatch reports , some observers of Wall Street see bitcoin trading as high as $250,000 or more. He said that “back then, the price was driven by mainly retail investors.”.

Currencies 117

Currencies Investments Banking Accounting 117

PYMNTS

MARCH 10, 2020

To allow users to borrow against their holdings, digital currency wallet and exchange company Blockchain.com unveiled a “Borrow” Service. Smith continued, “Now, with our suite of trading products and Borrow, retail users can trade like the big guys without selling the crypto they’ve stockpiled or leaving their Wallet.”.

Currencies 86

Currencies Retail Finance Accounting 86

PYMNTS

MAY 11, 2020

Speaking at a virtual conference about the future of money, European Central Bank (ECB) executive board member Yves Mersch said a retail central bank digital currency (CBDC) is a game-changer. “A However, a retail CBDC, accessible to all, would be a game-changer, so a retail CBDC is now our main focus.”.

Retail 52

Retail Currencies Banking Financial Systems 52

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency.

Currencies 117

Currencies Treasury Banking Securities 117

PYMNTS

DECEMBER 7, 2020

Small businesses face similar challenges that big retailers face when they transact online, because through marketplaces, they are able to reach out to millions of consumers," he told PYMNTS in a recent interview. According to Ricardo Pero , CEO of SellersFunding , that places many eCommerce sellers in a precarious financial situation.

eCommerce 142

eCommerce Finance B2C B2B 142

Global Finance

OCTOBER 16, 2024

Asia is the engine room of world economic momentum: it will account for 60% of global growth in 2024, according to the IMF, and has 60% of the world’s population. A modern financial institution (FI) faces a challenging environment but a beguiling opportunity in Asia. But it is also challenging to navigate.

Currencies 105

Currencies Economics Leadership Banking 105