LONDON–Membership in the United Kingdom credit unions continues to rise “amid a growing hunt for affordable credit products as the cost of borrowing rises sharply and the cost-of-living crisis worsens,” according to a new report.
THE globe
CU News From Around the Planet
RANCHO CUCAMONGA, Calif. – A new report suggests that in 2021 consumers asked for digital engagement, and now in 2022, fintechs are making it happen.
ABU DHABI, U.A.E.—Abu Dhabi has formed a government body to develop its strategy for regulating and promoting the world of virtual assets.
MEXICO CITY, Mexico—Remittances to Mexico reached a record high in July as Mexican families received $5.3 billion from abroad, an annual increase of 16.5%, according to new data from the Mexican central bank.
BEIJING—China has formally launched the second phase of its central bank digital currency (CBDC) pilot test.
LONDON—Faster payments volume in the U.K. during 2021 climbed by 23% (3.6 billion transactions) over 2020, a new report shows.
LISBON, Portugal—Some cryptocurrency exchanges are seeing their accounts closed by some of the top banks in Portugal, which is a crypto-friendly country.
MOSCOW—Russia’s Central Bank is not slowing down its efforts toward developing a central bank digital currency (CBDC), planning an official digital ruble rollout in a few years, a new report states.
DUBLIN, Ireland–Credit unions in Ireland have once again finished atop a national poll as the “most trustworthy” financial providers, but the survey also reveals a “noticeable age distinction in the preferences for traditional and modern forms of banking.”
CANBERRA, Australia—The Reserve Bank of Australia is the latest to be looking at potential use cases for a central bank digital currency (CDBC).