All posts tagged "financial inclusion"

New Roadmap Proposed to Boost Financial Inclusion in Trade

The Roadmap identifies areas where coordinated action can make a significant impact, including through accelerated LEI adoption.

China CBDC App Integrates WeChat Pay as Payment Option

BSP Seeking to Eliminate Fees for Small Value Transactions

The BSP is considering lowering the RRR in exchange for banks waiving their fees on small transactions, as part of efforts to promote financial inclusion.

BIS Head Outlines Vision for Future Monetary System

Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.

Digital Assets Industry is Shifting Focus to “Real Utility”: Report

New report from Oliver Wyman, Elevandi and MAS says the downturn in the digital assets ecosystem could mark an inflection point.

RBI Launches Second Global Digital Innovation Hackathon

The problem statements relate to digital banking services, priority sector lending, CBDC transactions, and blockchain scalability.

ASIC Publishes New Indigenous Financial Services Framework

ASIC encourages the financial services industry to improve their understanding of First Nations peoples and embed this into their engagement approach.

BSP Finalises New Requirements for E-money Issuers

Amended regulations require e-money issuers to meet higher liquidity and capital requirements, to ensure the industry’s resilience.

Laos Launches CBDC Proof of Concept with Soramitsu

The PoC aims to assess how a CBDC can promote financial inclusion, improve cross-border remittances, and modernise Laotian payment systems.

BNM Issues Consultation on New Financial Inclusion Framework

BNM says the vision of the Framework is to provide a more expansive and holistic approach to elevate financial well-being in Malaysia.