Remove tag statement of financial transaction
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Pakistan Launches Payment System To Boost Financial Inclusion

PYMNTS

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. Pakistan has the distinction as a country where only some economic transactions happen on the books. The Raast system was also supported by the World Bank, Britain and the United Nations.

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Ghana To Adopt West African ‘Eco’ Currency

PYMNTS

Ghana is against tying the eco to the euro, and wants regional authorities to be quick about “adopting a flexible exchange rate regime,” the statement said. Ivory Coast President Alassane Ouattara and French President Emmanuel Macron said earlier in December that the UEMOA would sever several financial ties with Paris.

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RBI To Allow Non-Bank And UPI Methods For FASTags Payments

PYMNTS

RBI added that the payments will be treated just like regular ones in terms of resolving transactions that didn’t go through. The transactions in the NETC system can be performed without any Additional Factor of Authentication (AFA) and/or pre-transaction notification/alert,” RBI said. “The

Banking 52
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Your Ultimate Finance Department Checklist

CFO Simplified

We know, however, that hiring a full-time CFO can come with a hefty price tag. A part-time outsourced CFO provides the strategy of a C-Suite member without the price tag. . A part-time outsourced CFO provides the strategy of a C-Suite member without the price tag. . Company Size. What is a Small Business?

Finance 52
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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

And digital platforms are handling tens of millions of transactions: Fiverr, for instance, recently reported that it has facilitated more than 50 million transactions between 830,000 freelancers and 5.5 Half of global online transactions are expected to take place in Asia this year. By 2021, close to 90 million – or 86.5

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Amid CVC/Blackstone Paysafe Bid, Paysafe Makes Its Own Acquisitive Moves

PYMNTS

As reported Friday (July 21), American multinational financial services firm Blackstone and private equity firm CVC Capital Partners have bid to acquire payments processor Paysafe Group. The price tags attached to the deals were reported as $3.7 The price tags attached to the deals were reported as $3.7 ”

Sales 43
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ASC 606 Nonprofit Revenue Recognition Rules for Exchange Transactions

The Charity CFO

ASC 606 is often confused with ASC 958 (which addresses nonprofit entities’ financial statements). The Financial Accounting Standards Board (also known as the FASB) defines and codifies all nonprofit accounting regulations here in the United States, so this falls under FASB jurisdiction. . What Is ASC 606?