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Norinchukin Bank's new CEO, Taro Kitabayashi, stated that Japanese government bonds (JGBs) are now a viable investment option due to rising inflation and interest rates. The bank has shifted its strategy after selling off significant foreign bond holdings, previously comprising 50-60% of its assets, and is now exploring investments in JGBs, equities, and real estate. Despite forecasting a 1.9 trillion yen loss for the fiscal year ending March 2024, it anticipates a modest profit in the following year from new investments.
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, has established co-badging agreements with Discover, Mastercard, UnionPay, and Visa to enhance the Jaywan card scheme. Starting in the second half of 2025, UAE financial institutions will issue co-badged Jaywan cards for local and international transactions, available in debit and prepaid formats.This initiative aims to lower payment costs and improve transaction efficiency, supporting the UAE's digital transformation. Jaywan cards will be accepted at ATMs, point-of-sale terminals, and online platforms, with plans for integration into Samsung Wallet, Google Pay, and Apple Pay, alongside agreements to expand international acceptance.
China, Japan, and South Korea's finance and central bank officials convened to discuss the effects of U.S. tariffs on the global and regional economy. The meeting, attended by China's central bank Deputy Governor Xuan Changneng, also focused on economic conditions and regional financial cooperation. China's central bank plans to maintain a moderately loose monetary policy to support financial markets and bolster economic recovery.
Tokenized gold volume has reached $1 billion for the first time since the banking crisis in the U.S. in 2023. This milestone highlights a significant resurgence in interest and investment in tokenized assets, reflecting broader trends in the financial market.
The RBI emphasizes that uncertainty is an inherent aspect of the economic landscape, urging a focus on fostering growth. This perspective highlights the need for proactive measures to navigate challenges while prioritizing development in the financial sector.
e& Egypt has launched its first instant international money transfer service via the e& Cash digital wallet, allowing users to receive funds instantly from the UAE and Saudi Arabia without needing physical branches. This initiative, in partnership with Banque du Caire, aims to enhance financial inclusion and reduce cash dependency, benefiting millions of Egyptians reliant on remittances. Users can enjoy a seamless experience and have a chance to win prizes up to EGP 1 million as part of the launch campaign.
Tether is exploring the development of a US stablecoin aimed specifically at institutional investors. This move reflects the growing demand for stable digital currencies in the financial sector, as institutions seek reliable options for transactions and investments.
Tether Holdings SA is exploring the launch of a US-based stablecoin targeted at institutional clients, driven by a favorable regulatory environment. CEO Paolo Ardoino highlighted the potential impact of a stablecoin bill progressing in Congress, noting that the company is awaiting the final wording before making decisions.
e& Egypt has launched an instant international money transfer service via its e& Cash digital wallet, allowing users to receive remittances instantly from the UAE and Saudi Arabia. This initiative, developed with Banque du Caire, supports the Central Bank of Egypt’s goals for financial inclusion and offers a faster alternative to traditional remittance methods. To celebrate the launch, e& Egypt is running a campaign with prizes up to LE 1 million, with plans to expand the service to more remittance corridors in the future.
Revolut has received approval from the Reserve Bank of India (RBI) to operate as a provider of prepaid payment instruments (PPIs) and digital wallets. This development marks a significant step for the fintech company in expanding its services in the Indian market.
Central Banks and Digital Currencies
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
norinchukin bank shifts focus to japanese government bonds amid rising interest rates
11:33 14.04.2025
UAE launches Jaywan card scheme for global payments and digital transformation
08:02 14.04.2025
China Japan South Korea officials discuss impact of US tariffs on economy
05:26 11.04.2025
Tokenized gold volume surpasses one billion dollars after banking crisis
14:46 10.04.2025
RBI emphasizes growth amid prevailing uncertainty in the economy
09:33 09.04.2025
e Egypt launches instant international money transfers through e Cash wallet
09:24 08.04.2025
Tether explores institutional US stablecoin options for the future
11:14 07.04.2025
Tether explores US stablecoin launch targeting institutional clients amid regulatory changes
10:55 07.04.2025
e Egypt launches instant international money transfer service for users
02:00 07.04.2025
Revolut receives approval from RBI for payment instruments and wallets
01:54 07.04.2025
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