Author: Digital Trade Outlook

ISTANBUL, Dec 31 (Reuters) – Turkish state lender Ziraat Bank has expressed interest in launching banking operations in neighbouring Syria with the country’s central bank, its Chief Executive Alpaslan Cakar told Reuters on Wednesday. Since the ouster of former President Bashar al-Assad just over a year ago, Syrian authorities are striving to stabilise the country’s economy including its payments systems after some 13 years of war. Turkey is the Syrian interim government’s strongest foreign backer and has boosted trade and business ties. Ziraat’s moves aim to reinforce financial ties and facilitate reconstruction in the country. “We have presented our intention…

Nov 21 (Reuters) – The central banks of India and the European Union have agreed to start the initial phase of linking domestic payments systems, the Reserve Bank of India said on Friday. The interlinking will aim to facilitate cross-border remittances between India and the euro zone, the RBI said. The Reserve Bank of India has been actively pursuing interlinking of its locally developed Unified Payments Interface (UPI) with fast payment systems of other jurisdictions to promote cross-border payments. “The decision is part of the Euro system’s overall efforts to make it easier for businesses and consumers in Europe to…