Money Management

In an era where financial inclusivity remains a pressing challenge, the strategic alliance between Universal Digital Payments Network (UDPN) and FORUS Digital aims to bridge significant gaps in Africa’s financial sector. Such collaboration leverages cutting-edge blockchain technology to promote economic development and sustainable growth across the continent. With around 105 million adults in Sub-Saharan Africa unbanked and another 350 million

In a world where businesses increasingly rely on cross-border transactions, the new partnership between Mastercard and J.P. Morgan marks a significant step forward in enhancing business-to-business (B2B) payments. By leveraging blockchain technology, this collaboration aims to streamline international payments, providing new levels of efficiency, speed, and transparency. The integration involves Mastercard’s Multi-Token Network (MTN) and J.P. Morgan’s Kinexys Digital Payments,

PayPal’s subsidiary, Xoom, has begun leveraging its stablecoin, PayPal USD (PYUSD), to streamline cross-border payments, especially targeting efficiency improvements in Asian and African markets. Introduced in 2023, PYUSD is an Ethereum-compatible ERC-20 token backed 1:1 by US dollars and issued by Paxos Trust Company. This initiative allows PayPal to conduct transactions outside traditional banking hours, offering increased flexibility and accessibility