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Switzerland moves towards cashless future with instant payments
Switzerland moves towards cashless future with instant payments
by  AFP

Switzerland's new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said Wednesday after the scheme went live. The central bank said the first institutions had already launched retail offerings enabling customers to send instant payments, with further banks to follow in the coming months.

Rise in UK borrowing narrows budget options for new govt
Rise in UK borrowing narrows budget options for new govt
by  AFP

UK government borrowing jumped by far more than expected in July, official figures showed Wednesday, stoking fresh anxiety for the new Labour government ahead of its first budget in just over two months. Public sector net borrowing reached £3.1 billion ($4 billion) last month, the highest July figure since 2021 and well above expectations, the Office for National Statistics (ONS) said.

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