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iA Financial
Trends
- 1Bank of Cyprus opens direct rupee payment channel●🇨🇾 Bank of Cyprus opens direct rupee payments, deepening EU–India financial links Bank of Cyprus now allows businesses a
Bank of Cyprus has begun allowing businesses and individuals to transact directly in Indian rupees, removing the need for intermediary currencies in cross-border payments between Cyprus and India. The move strengthens financial links between the EU and India and supports wider efforts to internationalise the rupee in global trade settlement.
- 2Indonesia regulator pushes security testing amid digital finance boom●Indonesia financial regulator stresses security testing as digital finance expands
Indonesia's financial regulator is emphasising the importance of security testing as digital financial services expand across the country. The regulator's message, reported by MLex, highlights growing concern that rapid growth in digital finance must be matched by robust cybersecurity safeguards to protect consumers and the financial system.