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The Journey of Payments and Clearing Systems in India

Finextra

Indigenous Banking (Shroffs and Mahajans): Long before modern banks, India had a thriving indigenous banking system. Hundis: These were traditional financial instruments, akin to bills of exchange or promissory notes, used for transferring money across distances without physical movement of cash.

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A List of Digital Banks in Asia

Fintech News

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

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The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

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BNP Paribas and Ant International Collaborate on Promoting Cross-Border Payment Solutions in Europe, and Tokenised Deposits for Global Treasury Management

Fintech Finance

The European Union’s leading bank, BNP Paribas and Ant International , a digital payment and financial technology leader, have formed a strategic partnership to enhance cross-border payment solutions for merchants and consumers in Europe.

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Statistics for Cash and Credit Card Use for Payments in 2024

Clearly Payments

They’re also big fans of mobile wallets. billion mobile wallet users worldwide, with Gen Z and Millennials leading the pack. Baby Boomers (born 1946-1964): They still rely on cash quite a bit, according to a study by the Federal Reserve Bank of Boston. A report by Juniper Research predicts that by 2024, there will be 4.6

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BNP Paribas Plans to Bolster Cross-Border Payment Solutions Alongside Alipay+

The Fintech Times

BNP Paribas , the multinational bank, is joining forces with Ant International , a digital payment and financial technology leader, in a move to enhance cross-border payment solutions for merchants and consumers across Europe.

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Mobile: Going All-in with PFM in Mobile Banking

Fintech Labs Insights

The ongoing migration to mobile provides financial institutions a chance to reboot their approach to delivering information digitally. Digital banking v1.0 desktop online banking) was primarily about porting paper-based statements into an online format. Digital banking v2.0 It’s a good long-term move.