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PwC: The race to digital money is on

Future CFO

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.

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China, HK, Thailand and UAE to test digital currency transactions

Future CFO

China, Hong Kong, Thailand, and the UAE will test central bank digital currencies in cross-border payments, according to a recent statement by the Hong Kong Monetary Authority (HKMA). The post China, HK, Thailand and UAE to test digital currency transactions appeared first on FutureCFO.

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Swedish Krona Continues To Fall Amid Other Currency Upheavals

PYMNTS

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

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Western Union Launches New Video, Phone Tool For Home Money Transfers

PYMNTS

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. Due to limited services via retail locations in some areas impacted by restricted movement guidelines, we are seeing increased demand for our online services.

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The Financial Opportunity In Supply Chains’ Rising FX Risks

PYMNTS

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. That concern is growing for financial decision-makers in the retail, wholesale, and food and beverage industries, researchers noted. Trade tensions between the U.S. trade war with China, for example.

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Visa’s Bill Sheley: Eliminating FX Uncertainty Boosts Cross Border Commerce

PYMNTS

While the barriers to reaching an international consumer base are low thanks to innovations in eCommerce, online retailers and merchants still struggle to provide their global consumers with the same payments experience their domestic ones have. Providing Payer Certainty.

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Hobbled By Hackers And COVID-19, Travelex Goes Up For Sale

PYMNTS

Travelex , the British foreign exchange company, is seeking a buyer, the Financial Times (FT) reported. “As Travelex, which calls itself the world’s largest retail currency dealer, has had its own troubles. Travelex shares fell by nearly 10 percent on March 16, the morning before the FCA took its action.

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