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UK Government to Enforce Prompt Payment Code - 27 February 2015

The UK government has said that it plans to enforce the country’s Prompt Payment Code (PPC) more rigidly, with companies in the public sector required to pay contractors and sub-contractors within a period of 30 days ...

Barclays to Allow Mobile Payments via Twitter in UK - 26 February 2015

Barclays has signed a deal with Twitter, making it the first UK bank to allow small businesses and consumers to make payments to each other using just their username on the social network ...

Renminbi Adopted for More Documentary Credit Transactions - 26 February 2015

Following the renminbi’s (RMB) recent breakthrough into the top five world currencies used in global payments, the Chinese currency is also being more widely adopted as the currency for documentary credit transactions ...

Etihad Partners with Citi on Supplier Initiative - 25 February 2015

United Arab Emirates (UAE) airline Etihad Airways said it will partner with Citi in an initiative to help support the region’s small businesses by strengthening cash flow to Etihad suppliers ...

UK Government Considers Tax Evasion Penalties - 25 February 2015

Advisers who “facilitate or encourage” tax evasion by companies or individuals should be prosecuted, according to chief secretary to UK Treasury Danny Alexander ...

Deflation Prospect Concerns European Credit Investors - 25 February 2015

European credit investors are increasingly wary of deflation, but are sceptical that the quantitative easing (QE) programme announced last month by the European central Bank (ECB) will help, according to Fitch Ratings ...

Survey of Swedish CFOs Finds Tempered Optimism - 24 February 2015

A survey of Swedish chief financial officers (CFOs), conducted by Deloitte and Nordic bank SEB, notes that despite headwinds from a still weak Europe, the Swedish economy is on the rise for the first time since 2011 ...

Swiss Re Corporate Solutions Gains South Africa Licence - 23 February 2015

Swiss Re Corporate Solutions said that its new wholly-owned subsidiary, Swiss Re Corporate Solutions Advisors South Africa Pty Ltd, is now licenced by the South African Financial Services Board (FSB) ...

APS, Post Office to Compete with UK Banks - 23 February 2015

Banking and payments software provider Advanced Payment Solutions (APS) is linking up with the UK’s Post Office in a deal that will allow customers to access banking services at over 11,500 branches across the country ...

India’s SBI to Revamp Transaction Banking Business - 23 February 2015

State Bank of India (SBI), the country’s biggest lender, plans to overhaul its transaction banking business, which will include involving trade finance and IT platform-based services for liquidity management according to local reports ...

Mint and Miura Form Apac Partnership - 20 February 2015

Mint Payments and electronic payments hardware specialist Miura Systems have formed a strategic distribution partnership to deliver advanced, mobile point of sale (mPOS) solutions to Australia, New Zealand and the Apac region ...