Parma Nand 🇮🇳

The IMF has a MUST-READ report covering Southeast Asia’s (SEA’s) QR-based digital payment revolution that is transforming cross-border payments, promoting local currency usage, and boosting trade and inclusion. Humble QR payments, born in China back in 2014, are now changing all of SEA and especially Thailand, a local leader in digital payments, including CBDC. The IMF reports domestic QR payments are exploding throughout the region: 300% growth in Thailand, 550% in Malaysia, and 467% growth in the Philippines, all for 2023-24. But what is happening now is even bolder as QR payments have just begun to go cross-border to reduce cost and time on Asia’s astounding 32% global share of cross-border transactions. To do this, Asia is connecting QR payment systems to allow bilateral real-time transfers in a collaborative effort between governments, who built the real-time payment networks, and local private payment providers. The drive for these connections is driven by tourism, with intra-ASEAN tourism accounting for 42% of all visits, and the region’s financial backbone, SME businesses. SMEs benefit from cross-border QR payments in two ways: ↳ Expansion of their market reach into new countries. ↳ Establishment of a digital payment footprint that can be used to assess creditworthiness and bring greater inclusion. Another key point is that these cross-border transactions use local currency and avoid the risk of using US dollars and currency shocks. Read on for more QR correlations and to download the report...... #fintech #tech #finserv #AI @BetaMoroney @efipm @BrettKing @spirosmargaris @jasuja @enricomolinari @mikeflache buff.ly/OATEsgw

@AbhishBanerj Suddenly paw paw came he used his magic wand and boom we got better.. tu hai gawar hum nhi

By publishing this explicitly false story, the @FT has officially become tabloid trash for market participants. Despite my direct, on-the-record denial of ever having advocated, explored, or espoused the idea that Chancellor-Bank of England statute serving as a prototype for a Treasury-Federal Reserve relationship, FT journalists manufactured a story with the headline, “Scott Bessent praised Bank of England as model for tighter oversight of the Federal Reserve.” These pathetic journalists have clearly fabricated a story to give the impression that both I and the Trump Administration are setting “about restructuring the relationship… at a time when President Donald Trump has launched an unprecedented assault on the world’s most important central bank.” Their mendacious assertion is based on vague statements from unnamed “financial industry executives familiar with the matter.” In short, FT has literally manufactured an entirely fake policy position for me and the Administration. Other than furthering a maliciously false narrative of dysfunction and divisiveness, it baffles the mind as to why they would shred their already diminished journalistic credibility. Over the past 10 years, I have written more than 20,000 words opining on the Federal Reserve decisions, personnel, structure, and modifications. Nowhere have I ever mentioned this ridiculous notion. The Governor’s letters to the Chancellor have proven to be a useless and perfunctory device. There is much to be said about the storied Bank of England, but any recreation of its operating framework on this side of the Atlantic has never been contemplated. The shameful journalists and editors at the FT are shocking in their meretriciousness, lack of standards, and general intellectual libertinism. It is the worst tradition of Fleet Street to manufacture news rather than report on it. They have brought irredeemable shame to their parent organization, Nikkei Inc., with whom I had previously held excellent relations. In 2025, I laid out a comprehensive 6,000+ word review of each and every policy reform that I believe should be adopted by the Federal Reserve. Read my actual, real thoughts on and proposals for Federal Reserve reform at the International Economy: international-economy.com/TIE_Sp25_Besse…

6th Sikh Guru Sri Hargobind offers eldest son Gurditta to Bhagwan SriChand (son of GuruNanak who’d picked the ascetic Shaivite way) #Udasi Sitting behind Guru are sons Ani Rai, Suraj Mal, Tyag Mal (later Guru Teg Bahadur). Son Atal Rai not shown coz he’d died before this meeting.