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Search Results for "Finance and Banking News"

212 Results found for "Finance and Banking News"

Mobile banking services offer great potential to expand financial services, particularly payment services, to the poor and open the gates to the formal economy. In many markets this development is ...

Ghana's insurance industry is in a tough spot. On the one hand, it tries to tempt investors with the promise of high growth, having posted one of the highest growth rates in Africa. During 2009-13 ...

The Canadian retail payments market has witnessed the introduction of a number of new technologies and business models. In the majority of cases, these innovations speed up the substitution to elec...

Bermuda continues to be the domicile of choice for insurers and reinsurers setting up new business. Over the past two decades it has emerged as an underwriting hub for global property and property ...

Finance and Banking
Published:

9 September 2014

News Category:

Market

Vehicle financing is driving US consumer credit markets. US automotive loans are rising as a record number of consumers are taking loans for vehicle purchases. According to Experian, 85% of ...

UK new car registrations have been growing for the last two and a half years as private and fleet customers continue to take advantage of attractive financing deals. Growth in new car sales has bee...

Finance and Banking
Published:

8 September 2014

News Category:

Market

Industry analysts expect that by October 2015, when responsibility for card losses on magnetic stripe cards shifts to merchants, approximately 70% of the US cards in use will have EMV chips, leavin...

The payments system in the United States has undergone rapid evolution since 2003, when the US Congress passed the Check Clearing for the 21st Century Act. This Act facilitated the development of w...

The Central Bank of the Republic of China (Taiwan) has held policy rate since Q3 2011. Muted domestic and imported inflationary pressures mean the CBC focused more on steadying growth amidst an unc...

It seems that European consumers are warming to contactless payments, according to Mastercard. The payments company reported recently that the number of transactions made on its contactless cards t...

Just a few years ago, almost all lending activity in China was carried out by state owned and tightly regulated conventional banks. Now, credit is available from a range of alternative providers in...

Finance and Banking
Published:

22 August 2014

News Category:

Market

Financial access in Latin American countries remains at similar levels to those in Central Asia, South Asia and Eastern Europe, but lower than East Asia and the developed economies.According...

With the enactment of the Payment and Settlement Systems 2007 Act, the Reserve Bank of India permitted non-bank entities a formal entry into payment systems. This was an important milestone in the ...

Yet another banking scandal has erupted in Vietnam. In a report released last month, the state auditor had discovered that two-thirds of Vietnam's commercial banks exceeded the 3% "bad debt&qu...

There are a number of e-money products available in Canada. One such product is the multi-purpose prepaid card. Although such cards are offered by all three of the major credit card brands, only a ...

Over the course of last 12 months Mexico has enacted significant policy changes in the area of financial regulation. These reforms were carried out as part of the broad Pact for Mexico initiated by...

Following the recent financial crisis, consumers continue to express a decreasing appetite to accumulate debt. This is expected to continue in the short term and therefore discourage consumers from...

The way in which Danes pay for their goods and services has seen radical transformation over the last two decades. The amount of cheques used in the retail trade has decreased to virtually negligib...

The Finnish life insurance industry continues to perform well in relation to its economic neighbours. In 2013, insurance premiums written in Finland rose by 9% to over €22 billion. At the same time...

Recent economic activity contracted sharply in the Central African Republic due to conflict. Ongoing insecurity remains a going concern. The country is currently embroiled in fighting, which is fue...

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