All articles by Verdict Staff
Verdict Staff
European Commission to prioritise virtual currencies and prepaid cards in AML crackdown
There is a common cycle in financial security. A criminal will adapt to security protocols and regulation, the regulator adapts to combat the development and this repeats ad infinitum. The European Commissions (EC) anti-money laundering (AML) division is making progress, however. Stronger rules have been released to combat new threats.
Tigo rolls out trans-network money transfer service in Tanzania
Telecommunication firm Tigo Tanzania has launched its money transfer service Tigo Pesa in the country.
Worldline brings Alipay app to Germany
Worldline, the European-based payments provider, has partnered with Alipay to add support for Alipay payments in Germany.
ItzCash secures RBI approval to set up operating unit under BBPS
Payment solutions provider ItzCash Card has received an in-principle approval from the Reserve Bank of India (RBI) to set up an operating unit under Bharat Bill Payments System (BBPS).
Wells Fargo dedicated to omnichannel
Wells Fargo is seeking to maximise customer use of branches and ATMs while deploying omnichannel technology to integrate them with its digital offerings. Fusing retail banking distribution with its digital platform ensures an enhanced customer experience, Wells Fargo claims. Robin Arnfield investigates
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BancABC launches new Visa card in Tanzania
BancABC, a part of financial services holding company Atlas Mara, has rolled out a Visa branded cash card in Tanzania to help in developing cashless society.
JCB opens new branch in Yangon, Myanmar
JCB International (JCBI), an international operations subsidiary of Japan-based credit card company JCB, has opened a new branch in Yangon city, Myanmar.
UK debit cards surpass 100 million mark
The number of debit cards in the UK has reached over 100 million for the first time, according to the latest figures released by the UK Cards Association.
NBAD, FGB receive boards’ approval for merger plan
National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) have received approval from their boards for their merger that will create the largest bank in the Middle East and North Africa (MENA) with $175bn in assets.
SBI, Reliance Industries to set up payments bank joint venture
State Bank of India and Reliance Industries (RIL) have signed the subscription and shareholders agreement for setting up a payments bank joint venture.