After a tough 2020, payments industry revenues rebounded strongly in 2021, growing at an 11% rate and hitting $2.1 trillion globally, according to a report from McKinsey.
Today, Payments Canada released its annual Canadian Payment Methods and Trends 2022 report, which analyzes 19.7 billion payment transactions made in 2021, totalling $10.8 trillion, and highlights trends that are transforming the Canadian payment landscape.
Assetera, the first EU-regulated trading platform for digital securities and digital assets, licensed and supervised by the Austrian FMA, partners with Tokeny, the leading tokenization solutions provider. With this partnership, Assetera will become a liquidity venue compatible with DINO, the global distribution network for tokenized private assets, leveraging the ERC3643 protocol, to provide European investors with diversified global assets and facilitate liquidity.
FCA research has found that a quarter of consumers would consider withdrawing pensions savings to cover cost of living in the current crisis. According to the FCA, this renders consumers vulnerable to ‘misdirection' scam tactics.
ICICI Bank today announced the launch of an online solution to help its customers carry out SWIFT based inward remittances in a faster and hassle-free manner.
Citi Ventures, Citigroup's first venture capital investing group, and Accel, have co-led a $6 million initial capital financing round for xalts, a Hong Kong based digital asset management firm. This marks Citi Ventures' first seed investment in a crypto firm.
