India's HDFC Bank Launches New UPI and CBDC Features
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its…
“We’re Seeing Recession Indicators Flashing Red,” Warns Rosenberg Research President
In a recent interview on CNBC’s “Fast Money,” David Rosenberg shared his thoughts on the current economic landscape, expressing strong concerns that a recession is imminent. David Rosenberg is the…
Banking Giant Says Tens of Thousands of Customers Are Spending Millions on Products That Never Arrive: Report
Lloyds Bank says tens of thousands of customers in the UK are falling for fake websites while shopping. The bank says credit and debit card customers have been fooled into…
Qatar Central Bank launches the digital asset and tokenization framework
The Qatar Central Bank, alongside the Qatar Financial Centre Authority, and Qatar Financial Centre Regulatory Authority (QFCRA) have launched the QFC Digital Assets Framework, a comprehensive and innovative regime for…
Payments in National Currencies Surge to 92% Among SCO Members
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar…
Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade
Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won.…
Algeria gets official approval to join BRICS New Development Bank
Algeria is now officially in the club. Earlier today, the North African country got the green light to join the BRICS New Development Bank (NDB). The announcement came straight from…
Turkey says “we would like to become a member of BRICS”
Turkey wants in on BRICS. That’s the latest from Foreign Minister Hakan Fidan, who said, and we quote: “Certainly, we would like to become a member of BRICS. So we’ll…
Wells Fargo Accidentally Drains $4,000 From Customer’s Bank Account, Pushing Balance Into Red for Days: Report
Banking giant Wells Fargo reportedly drove a customer’s account into the negative for days over confusion about a paper check. Sacramento resident and longtime Wells Fargo customer Gerald Monroe Mann…