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Keywords: Cross border payments
Russia has entered a new phase in the development of its digital currency, with the broad rollout of the digital ruble beginning on September 1, 2026. The central bank-backed payment instrument is now being positioned as a third form of the national currency alongside physical cash and conventional money......
Visa must now rethink its stablecoin infrastructure strategy. The American payment giant is seeking a new partner capable of facilitating settlement and liquidity operations in stablecoins, following the acquisition of BVNK by its main competitor, Mastercard. The deal, finalized on August 3, 2026, illustrates......
The BRICS group is examining ways to improve cross-border payments by potentially linking fast payment systems and central bank digital currencies among its member states, according to Reserve Bank of India Governor Sanjay Malhotra. Speaking at an event in Mumbai, Malhotra said that reducing the cost......
A growing number of African countries are accelerating efforts to reduce their dependence on the U.S. dollar by expanding the use of local currencies and the Chinese yuan in trade and financial transactions. The trend reflects a broader strategy to strengthen monetary independence, lower transaction......
UnionPay International has officially obtained Casablanca Finance City status for its Morocco branch, formally establishing the country as the Chinese payment network's regional headquarters for financial services across Africa. The company confirmed the designation in a press release issued Tuesday,......
Only a small share of Africa’s digital services circulates within the continent. Around 5% of these services are traded between African countries, while most exports flow to Europe and North America. This imbalance framed discussions at GITEX Africa 2026 in Marrakech, where policymakers and industry......
Morocco has begun cautious but concrete trials of a central bank digital currency, as Bank Al‑Maghrib pilots a digital dirham for peer‑to‑peer and cross‑border transactions. Governor Abdellatif Jouahri has described the initiative as a strategic, gradual shift in payment infrastructure, supported......
Investor sentiment toward the US dollar has fallen to its most bearish level in more than 14 years as the BRICS bloc steps up efforts to develop a cross border payment system aimed at reducing reliance on dollar dominated financial channels. The initiative builds on Brazil’s instant payment platform......
Thunes, a global fintech leader, has introduced real-time money transfer services to Morocco, enabling users worldwide to send funds directly to Moroccan bank accounts in local currency, Moroccan dirhams. This new service ensures instant transactions, offering speed, transparency, and affordability for......