Financial services
Daily limit to IRIS transactions doubles to 1,000 euros
The daily transaction limit via the IRIS interbank payment system will increase next year to 1,000 euros, from €500 today.
This is donevia a limit of up to €500 per day for the amount that an individual can send money to another natural person (person to person, P2P) and another €500 for the payment of services by a freelancer (person to business, P2B).
December rate cut still up for debate: Federal Reserve official
People line up outside of Macy's flagship store before opening on Black Friday, in New York City.
A December interest rate cut is still up for debate, a senior U.S. Federal Reserve official has said, suggesting that another rate reduction is not a foregone conclusion.
Türkiye’s leading startups to take stage at Slush 2024
Türkiye's leading startup firms will showcase their groundbreaking innovations at the prestigious Slush 2024 event in the Finnish capital Helsinki.
Turkic nations set to cooperate in fintech business
The head of Türkiye's Finance Office, Göksel Aşan.
Türkiye aims to develop institutional infrastructure and financial technologies (fintech) across Turkic nations, the head of Türkiye's Finance Office told state-run Anadolu Agency.
Financial Supervision Commission Sets Deadlines for Euro Adoption in Bulgaria
The Financial Supervision Commission (FSC) has alerted its regulated entities about advancing to the next phase of preparations for introducing the euro in Bulgaria, highlighting the crucial role of the non-banking financial sector.
Forex Market Intro: How to Put Up With Trading for Newbies in South Africa
When newbies are trying to get rolling in Forex sales, they have to be aware that each link in the trading chain is crucial for success. Not every newcomer realizes the necessity of selecting the right trading platform and best broker services. In this review, we will share valuable tips on how to get into trading with minimal losses and risks if you are a South African citizen.
Credit card spending surged 94 percent in July: Data
Credit card spending increased by 94 percent in July compared with the same month last year to hit 1.2 trillion Turkish Liras ($35.5 billion), according to data from the Interbank Card Center (BKM).
The annual increase in card spending slowed from 105 percent in June and 111 percent in May.
‘Türkiye may become fintech hub’
With its geographical location and tech savvy young population, Türkiye may become a fintech hub in its region, says Erkan Kork, the president of the Payment and Electronic Money Institutions' Association (TÖDEB).
- Read more about ‘Türkiye may become fintech hub’
- Log in to post comments
AWS, NVIDIA and Vestbee team up to empower Fintech Startups with AWS Global Fintech Accelerator
AWS has launched its brand new program AWS Global Fintech Accelerator in collaboration with NVIDIA and Vestbee that will equip fintech startups with tools, resources and a wide network of top experts, and VC funds to fast-track their AI development and business success.
Business circles welcome rate hike decision
Leaders of business associations have welcomed the Central Bank's move to hike its policy rate sharply by 650 basis points, calling it a step taken toward ensuring price and financial stability.
The Central Bank on June 22 increased its one-week repo auction rate from 8.5 percent to 15 percent. This has been the first rake hike since March 2021.
- Read more about Business circles welcome rate hike decision
- Log in to post comments