PURCHASE, N.Y.–A new study from Mastercard reveals that since 2009, the number of international overnight visitors grew a dramatic 76%.
CU News From Around the Planet
FRANKFURT, Germany—The European Central Bank is being advised by ECB board member Yves Mersch that Facebook’s Libra could affect its ability to set monetary policy.
MENLO PARK, Calif.— Global regulators expressing opposition to Facebook’s Libra initiative around a new cyber currency, and even members of its own Libra Association are having serious doubts of their own, a new report indicates.
ZURICH, Switzerland—Seven mobile payment service providers in mainly smaller European countries plan to join forces to create a cross-border network open to millions of users, the European Mobile Payment Systems Association (EMPSA) said.
SAN JUAN, Puerto Rico—After two years of efforts, the Financial Oversight and Management Board for Puerto Rico is reporting little to no progress in reforming the Public Corporation for the Supervision & Insurance of Cooperatives in Puerto Rico (COSSEC), a new report claims.
MEXICO CITY—Mexicans residing overseas, primarily those working in the U.S., sent $3.27 billion in remittances home in July, a new report shows.
MANCHESTER, U.K.–The Co-operative College here has entered into a strategic collaboration with the International Credit Union Leadership Development & Education Foundation around a series of initiatives.
TALLIN, Estonia.—Representatives of the Virginia Credit Union League and CULedger said they have found the future in a small Eastern European country tucked between Russia and the Baltic Sea.
LEINSTER, U.K.–Members of Life Credit Union here have had their savings capped in part due to fees some banks have put in place to accept deposits from credit unions.
SINGAPORE – Payments platform Adyen is collaborating with Alipay, the world’s leading payment and lifestyle platform.