Wirecard: the rise and fall of a fintech giant in Asia
NEWS broke recently that fintech company Railsbank has agreed to acquire its competitor Wirecard UK's remaining assets, clients, and a number of employees. Moreover, Wirecard sold its operations in Brazil and advanced the process of selling its North American operations.
How safe is your online shopping?
THE Wirecard scandal has revealed that even major companies involved in online payments may be disastrously unreliable and might even enable illegal transactions such as money laundering.
Digital currency can impact monetary policy
THE People's Bank of China (PBOC) has reportedly begun a pilot test of the digital yuan in April, thus becoming the first major economy to introduce a central bank digital currency (CBDC). The experimental trials started in three cities - Shenzhen, Suzhou and Chengdu - as well as in the Xiong'an...