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Weekly News Roundup: 25/08

Welcome to our weekly news roundup, of headlines that caught our eye. We’ll bring you a weekly dose of some of the most interesting titles that have surfaced, with a particular focus on the topics of CBDC, crypto, and beyond.
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Unlimit Experts
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Unlimit Experts avatar
Unlimit Experts
Your payment experts

This week’s roundup will feature titles on payments, CBDC, and crypto. Join us and Unlimit BaaS’ Managing Director, Jovi Overo in the exploration of some of the biggest headlines of our industry.

  • Singapore Air Charter has expanded its payments portfolio to include cryptocurrencies and has introduced flexible instalment plans [source: The Paypers]

This development highlights the growing role of cryptocurrencies in diversifying payment methods and adapting to changing customer preferences. Moreover, it reflects a responsive approach to customer preferences. As individuals become increasingly familiar with cryptocurrencies, businesses that integrate these options position themselves as forward-thinking and customer-centric. This move might also attract tech-savvy customers who appreciate the convenience and transparency that cryptocurrencies offer. – Jovi

  • Payments titan Mastercard has formed a central bank digital currency (CBDC) Partner Programme to “foster collaboration” in the space with key players including blockchain technology and payment service providers (PSPs). [source: Fintech Futures]

We can clearly see Mastercard’s commitment to driving innovation and pushing the boundaries of digital finance. By actively engaging with central banks, the company demonstrates a proactive approach to shaping the future of money. This move aligns with broader industry trends where digital currencies are gaining traction and central banks are exploring the digitization of national currencies. – Jovi

  • Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, launched Binance Pay in Brazil, enabling local merchants to offer a new alternative for payment that may attract new customers, increase processing speed, and reduce costs. [source: Finextra]

As Brazil navigates its evolving financial landscape, the introduction of Binance Pay has the potential to reshape payment behaviors, cultivate crypto literacy, and stimulate innovation in the broader financial technology sector. The availability of Binance Pay empowers individuals and businesses with the ability to seamlessly transact, irrespective of geographical boundaries, while also introducing them to the world of digital assets. – Jovi

See you next week, back in the blog for your next weekly news roundup.

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