Auto Added by WPeMatico

Japanese Fintech Firm Kyash Raises $41 Million, Jack Dorsey’s Block Participates in Funding

A Tokyo-based financial technology company called Kyash has raised $41.2 million in a Series D funding round which saw participation from the Block (formerly known as Square). The investment into…

Continue ReadingJapanese Fintech Firm Kyash Raises $41 Million, Jack Dorsey’s Block Participates in Funding

Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia

A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech…

Continue ReadingPaypal Joins Other Payment and Remittance Providers Suspending Services in Russia

Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System

Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital…

Continue ReadingBank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System

Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official

The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at the benefits and risks that…

Continue ReadingRwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official