HSBC launches Zing, a game-changing app for international payments

Partnerships
Moniepoint and Fidelity Bank collaborate to combat fraud in Nigeria
They aim to enhance security and payment resolution. This strategic alliance aligns with the Central Bank’s mandate for secure and convenient financial services. Read More>>
Interswitch and VIPASO collaborate to enhance payment solutions for banks
They want to revolutionize payment solutions in East Africa, introducing VIPASO’s apps on Interswitch’s platform. The partnership aims to enhance financial transactions, promote digitalization, and boost financial inclusion through secure and efficient alternative payment methods. Read More>>
Nanopay and the National Bank of Pakistan join forces 
The aim of the partnership is to offer the fastest, most affordable money transfer option for Pakistanis in Canada while ensuring competitive exchange rates and trusted payouts. Read More>>

Deal
American Express Saudi Arabia signs agreement with Alrajhi Bank to expand ATM access for Card members
American Express Saudi Arabia expands its ATM network, adding over 4,500 ATM terminals for seamless cash withdrawals. This move aligns with American Express’s commitment to customer experience and supports KSA’s Vision 2030. Read More>>

Center Setup and Expansion
Bank of Maharashtra launches its state-of-the-art branch at Hyderabad
Bank of Maharashtra inaugurated its modern Punjagutta branch and a dedicated Mid-corporate branch in Hyderabad. The Punjagutta branch will offer a wide range of banking products and services for retail, agriculture, and MSME sectors, while the Mid-corporate branch will cater to the specific needs of mid-corporate clients. Read More>>
Canara Bank unveils Data and Analytics Centre in Kochi
The branch will focus on leveraging data and analytics to enhance decision-making processes. The center is poised to drive innovation and efficiency. Read More>>

Executive Movements
Jamie Hopkins appointed CEO of Bryn Mawr Trust’s Private Wealth Group
Jamie Hopkins brings a wealth of experience from his leadership roles at Carson Group and contributions to retirement income planning programs. Read More>>
Ecobank appoints Abena Osei-Poku as managing director and Regional Executive for Anglophone West Africa
With over 25 years of financial services experience, she brings expertise in corporate and investment banking, business banking, and risk management. Read More>>

New Product Launch and Development
HSBC launches Zing, a game-changing app for international payments
The mobile app focuses on instant payments and affordable transfers. Aligned with financial inclusion, the app targets low-income workers, offering multiple language options for accessibility. Read More>>
Metrobank introduces a new mobile app for seamless banking transactions, deactivating the old app
Account holders can download the app from major app stores, ensuring smart, simple, and secure banking experiences. Read More>>

Digital Transformation

• The International Monetary Fund focuses on facilitating the adoption of digital payment systems and addressing challenges in cross-border transactions to enhance efficiency, reduce costs, and promote financial stability. 
• The International Monetary Fund is keen on exploring the potential applications of blockchain and distributed ledger technology in financial systems, which aims to enhance transparency, reduce fraud, and improve efficiency. 
• The International Monetary Fund aims to encourage the use of financial technology for development purposes, such as innovative solutions for financial inclusion, poverty reduction, and sustainable economic growth.

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