Global

India Expands UPI Footprint to Israel

GlobeData

"India has further widened the international reach of its Unified Payments Interface (UPI) by formally extending the system to Israel. In a joint statement, India and Israel said: “Both sides agreed to explore linking UPI with Israel’s fast payment system to enhance interoperability and strengthen economic ties.”"

Tags: India Israel

Global

Israel’s Digital Shekel Design Document Points to International CBDC Consensus

CCN

"The Bank of Israel has published a preliminary design document for the proposed digital shekel. Central banks around the world are converging on shared principles for CBDC design. On some more technical issues, such as the question of centralized versus decentralized settlement, they remain split."

Tags: Israel

Global

Israel Launches Digital Shekel CBDC Experiment for Payments

Trading View

"Israel intends to expedite the development of its in-house central bank digital currency (CBDC), the digital shekel. The Bank of Israel (BoI) plans to involve various service providers in co-developing an advanced digital payments ecosystem centered on the digital shekel."

Tags: Israel

Global Tech

First Digital Goes Live As Israel’s First New Bank Since 1978

Reuters

“First Digital Bank, the first new bank in Israel since 1978, started operations on Sunday on a trial basis, and said it planned to open to the public later in 2021. The bank, which Israel’s banking regulator approved last year, has 140 staff and has begun opening accounts and providing all banking services for a closed group of customers.”

Tags: Digital banking Israel