Cross-border payment sees raid growth in third quarter of 2021

SWIFT inflow has decreased by 5.97%, while the outflow has increased by 80.49% The cross-border payments maintained rapid growth in the third quarter of 2021, according to the payment system data of the Royal Monetary Authority (RMA). In the third quarter, International Payment Gateway (IPG) recorded 10,621 transactions of a value of Nu 226.73mn. The […]

Financial sector performance drops in third quarter of 2021

The third quarter saw Nu 75mn less in profit compared to the second quarter Although all the five banks, including non-banking lenders, recorded a net profit of Nu 2.61bn at the end of the third quarter this year, it is still Nu 75mn less than the profit made in the second quarter, which stood at […]