This is one of the few must hear podcasts that gives a glimpse on a changing House of Saud. How the Saudis are recalibrating their lives in the today’s era of depressed oil prices and faced with a budget deficit. One of these changes is how the work-force is changing. Labour markets in Saudi Arabia will […]
World’s Largest Economies: Projected GDP in 2030 What would the projected GDP of the world’s largest economies look like in 2030? Well the US Department of Agriculture does have that figure.
On a recent visit to Tanzania, I went out for a field trip to study payments. We were out exploring the streets and how people paid each other, when I came across a street vendor selling shoes. I paused.
UAE took an unprecedented step by removing oil subsidies for the price of gas one pays at the pump. The subsidies that UAE is removing will amount to a saving of 5.6% of GDP for UAE. Other GCC states might follow, for Saudi Arabia it is a 11.5% of GDP spend and for Qatar 5.5%, […]
The Federal Reserve System Anyone who is in Banking & Payments and is a bit of a history buff, would know essential flow of how our money is made. I use the word flaw deliberately, because that is what it is. Money today is created out of thin air. It has been for decades now. […]
In my previous article on Small Value Remittances, I highlighted the huge market potential of being able to make small value transfers, be it domestic or cross-border. No one truly knows the market size for small-value payments, for there isn’t a true data set to which we can compare.
If you had asked professionals in the Fintech space about 7-8 years ago, what the word remittances meant, you’d be hard pressed to find people who could accurately define it for you. Just for the record: I was one of them.
What recourse do Bitcoin companies operating in the US have in light of the recent ruling by FinCEN?
On October 27, 2014, the Financial Crimes Enforcement Network (FinCEN) released new guidance for custodial bitcoin exchanges and payment processors, ruling that such companies may be considered money services businesses under US law. The past couple of days have been very hectic. Besides fielding calls from lots of people, everyone is asking the same […]