404 Not Found

nginx Industry News and Events

You are here:

Home
Industry News & Events

Industry News

Somalian men sit beside stacks of banknotes in market.

IMF helps Somalia with currency reform

Banknotes, Currency, NewsBy SMI 01/06/2016

Somalia is working with the International Monetary Fund (IMF) to reform its national currency, with the aim of restoring the credibility of the Somali shilling by issuing a new SOS 1,000 banknote. A report produced by the IMF highlights the problems found within the African country, where 95 percent of the currency in circulation is the US…

Details

Egypt printing one pound banknotes for Ramadan

Banknotes, NewsBy SMI 27/05/2016

According to Egyptian newspaper Egypt Independent, the Central Bank of Egypt (CBE) is to start printing 500 million one pound banknotes with the aim of issuing them by the start of Ramadan (7 June 2016). According to prominent banking sources within the country, printing of the one pound banknote was stopped in favour of the equivalent one…

Details

Read SMI’s Analyst Notes regarding De La Rue’s Results

News, SMIBy SMI 27/05/2016

On the 24 May 2016 British commercial banknote printer De La Rue plc announced its 2015/2016 full year results. The announcement came just two days after the company announced the sale of Cash Processing Solutions Limited (CPS) to CPS Topco Limited, a company owned by UK based private equity firm Privet Capital. De La Rue Results: Read…

Details

Thousand franc banknote “part of Swiss culture”

Banknotes, NewsBy SMI 20/05/2016

The thousand franc banknote (CHF1,000) from Switzerland is the most valuable in the world, worth around US $1,000. But its legitimate use, and other high value banknotes, has been questioned for some time due its link with financial crime and tax evasion. There have been several reports and statements made recently by those who believe such high…

Details

FitBit buys wearable payments tech from Coin

Cashless Payments, News, TechnologyBy SMI 19/05/2016

FitBit Inc, the fitness tracking company which has exploded into the fitness technology market, has acquired wearable payments assets of electronics and financial technology company, Coin Inc. FitBit Inc. is a provider of stylish wearable physical activity trackers, namely FitBit trackers, allowing users to monitor their activity and sleep patterns with the aim of promoting a healthier lifestyle.…

Details

Android Pay is now available in the UK

Cashless Payments, NewsBy SMI 18/05/2016

Android Pay, the mobile payment solution from Google, has launched in the United Kingdom. The UK is the second country to offer Android Pay, following its initial launch in the United States in September last year. Android Pay users Over 60% of the UK’s smartphone users own an Android handset. Those running Android 4.4 or higher and fitted with…

Details