Deutsche Bank announced on Tuesday (Feb. 18) that it would improve its Sri Lanka operation with the launch of a new digital foreign exchange (FX) program, reports said. The FX program is a step into the corporate client market, and its investments in Sri Lanka...
The Central Bank of Sri Lanka has a call out for tech companies that can help it develop a blockchain-based know-your-customer (KYC) platform. The bank made the announcement on its website on Nov. 29, requesting tech companies who can build a “proof of concept” shared...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Comviva’s deployment of mobiquity in Columbia. In addition, PhonePe is teaming up with the Indian Railway Catering and Tourism Corporation (IRCTC) for mobile payments in India, and the National...
The Sri Lankan digital identity program is expected to cost $100 million and provide 20 million people with digital identities over the next three years.
August 01, 2023
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems likely to be a constant. South Korea, one of the countries this edition focuses on, has the lowest compound annual growth rate (CAGR) of the […]
December 02, 2019
The Central Bank of Sri Lanka has a call out for tech companies that can help it develop a blockchain-based know-your-customer (KYC) platform. The bank made the announcement on its website on Nov. 29, requesting tech companies who can build a “proof of concept” shared KYC system that would allow commercial banks and the central […]
September 12, 2016
Sri Lanka, aiming to develop a national payment system by 2020, is moving to adopt a chip card system before the end of 2017. According to a report, citing the central bank,...
April 19, 2016
Reuters reported on Monday (April 18) that Bangladeshi investigators have identified 20 suspects tied to cybertheft of as much as tens of millions of dollars from the nation’s central bank. Of the...
April 01, 2016
The plot thickens in the investigation of the Bangladesh hack. A Sri Lankan small business owner, who received $20 million of the $101 million that was stolen from Bangladesh Bank’s...
