Many employees who use earned wage access services are high-frequency customers who end up with higher overdraft costs, said a Center for Responsible Lending report this week
The Bank for International Settlements (BIS) has initiated Project Aperta aiming to explore reducing frictions and costs in global finance by enabling cross-border data portability
Global technology company Wise Business has introduced a new invoicing feature for Singaporean small and medium-sized enterprises (SMEs) to enable them to augment payments
Techcombank has announced its partnership with Databricks in order to optimise banking experiences for customers, through the use of improved data and AI solutions
CIH Bank has announced its partnership with Backbase in order to provide customers and clients in the region of Morocco with improved personalised digital banking
In 2021, the Government of Canada passed the Retail Payments Activities Act, which required the Bank of Canada, the nation's central bank, to begin overseeing payment service providers (PSPs)