The future of disruptive FinTech post COVID-19 outbreak

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Finch Capital a FinTech VC, has published a report in which it notes the challenges and opportunities that the sector will face both during, and after, the crisis.

Covid-19 is reframing the way we work, consume and interact. Finch Capital says start-ups in the earlier stages of their life cycles are particularly vulnerable if growth stagnates or even drops for a period of 3 – 6 months. The uncertainty of the current situation puts pressure on fundraising, cash management, marketing and staff management.

The report, FinTech: The Future Post CV-19 focuses on:

  1. The short-term impact of the crisis
  2. The structural
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Banque de France begins testing digital Euro CBDC

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The Banque de France, France’s central bank, has begun testing its Central Bank Digital Currency (CBDC) in the form of a digital Euro, according to an official announcement.

Banque de France begins testing digital Euro CBDC

The topic of CBDCs has generated a lot of hype over the past year with a number of European nations as well as China and South Korea revealing the potential benefits.

The aim of France’s digital Euro experiment is to assess whether it proves to be a more efficient way of making payments.

France’s central bank added: “The aim is to explore the

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The impact of coronavirus in consumption habits

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In order to contribute to the understanding of the transformation of consumer behaviours in context of the Coronavirus’ (COVID-19) crisis, and its impact on the economy and society in general, SIBS, a leader in payments processing and financial technological services in Europe, is publishing an analysis on the evolution of consumption data in Portugal over the past few weeks.

In summary, in the context of the Portuguese government measures towards social isolation, now widely in place in most European countries, there was a sharp drop in the number of the purchase transactions, which decreased 56{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, compared to the average before

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Qatar Central Bank launches Qatar Mobile Payment System

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Qatar Central Bank (QCB) has launched the “Qatar Mobile Payment System” (QMP), which provides a new and safe method for immediate electronic payment, after completing the infrastructure and all the requirements of the central system for electronic payment at the State level.

Qatar Central Bank launches Qatar Mobile Payment System

The system Qatar Mobile Payment System aims to enable the user to use an electronic wallet on their mobile phone, to carry out P2P payments and pay for goods and services in addition to conducting withdrawals and cash feeds for electronic wallets in an instant. The system also enables electronic

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