UAE Central Bank to launch its digital currency in five years
The launch is a part of UAE’s monetary 2023-2026 strategy plan to strengthen the economy
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Cellulant introduces digital payments platform Tingg in Zambia
Tingg offers simplified payment tools and processes for a merchant to manage their payments for goods and services
Bytedance holds of IPO in Hong Kong over data privacy issues
The company has been weighing its options for an initial public offering of all or some of its businesses in the US or Hong Kong
Kenya-based mobile commerce firm Copia Global expands in Uganda
The expansion will help Ugandans have access to high-quality affordable products and plans to capture Uganda’s strong retail sector
CBDC can enhance cross-border payments efficiency
Hong Kong and Singapore leading in CBDC efforts, BIS mentioned that countries must work together and design CBDCs keeping its interoperability in mind
Saudi Aramco to raise billions from asset sales
Saudi Aramco raised around $12.4 bn by selling the leasing rights over oil pipelines
Google to enter fintech space in Japan with Pring acquisition
Besides acquiring the cashless payment company, Google will also invest around $180 million to $270 mn
Transport and Logistics to contribute 10% of Saudi GDP by 2030
Crown Prince Mohammed bin Salman launched a brand new transport and logistics programme last week
Visa reports over $1bn in crypto spending in H1 2021
Currently, the company is partnered with Coinbase, Circle and BlockFi to allow its cards to access crypto wallets on those platforms
LATAM Airlines’ bankruptcy period extended till mid-September
The South American Airlines had the deadline of presenting its restructuring plan by the end of June