North Korea short-range projectiles after UN fresh sanctions
North Korea has fired several short-range projectiles only hours after the United Nations Security Council voted to impose fresh sanctions on the isolated state. According to Euronews, South Korea’s defence ministry said it was trying to determine if the projectiles launched were short-range missiles or artillery fire .
After nearly two months of negotiations the UN unanimously adopted a resolution expanding international sanctions against Pyongyang after its Jan. 6 nuclear test and recent rocket launch.They include mandatory cargo inspections both to and from the country and a ban on weapons transfers. More individuals and organisations are to be added to an international black list.
As it is note in Euronews news, the North insists its missile programme is purely scientific in nature, but the US, South Korea and even its ally China say such rocket launches are aimed at developing inter-continental ballistic missiles.
Turkmenistan discusses aspects of cooperation within CAREC Program
The priority aspects of cooperation within the framework of the Central Asia Regional Economic Cooperation Program (CAREC), initiated by the Asian Development Bank, were discussed during an online meeting of the CAREC National Coordinators. The Turkmen side was represented by the heads of the Ministry of Finance and Economics.
The meeting participants were familiarized with the CAREC projects in the spheres of economy, trade, energy, tourism, economic corridors, as well as the COVID-19 response measures taken by the ADB in the field of healthcare.
The main objectives of the meeting were the review of the current situation and discussion of the economic impact of the pandemic in the CAREC member countries, as well as the evaluation of the activities and results of the Program, and identification and agreement on the necessary changes.
The state news agency of Turkmenistan
Visa Announces Fintech Fast-Track Program in Central & Eastern Europe, Middle East and Africa
Regional fintechs will be able to connect to Visa’s payment network in as little as four weeks Sub-Saharan prepaid issuing provider, GTP, signs on as regional partner
Dubai, 13 February 2019 — Visa (NYSE: V) today announced it is expanding its Fintech Fast-Track Program in the Central and Eastern Europe, Middle East and Africa (CEMEA) region as part of its efforts in developing the next generation of digital payment solutions. Already rolled out in Europe, Latin America and Asia Pacific, the program provides innovative fintechs with a faster and easier integration process with VisaNet, Visa’s global network, in addition to a suite of tailored digital solutions and growth capabilities.
With the Visa Fast-Track program, fintechs based in CEMEA can now onboard to Visa’s global network in as little as four weeks. The program has been tailored to the needs of fintechs, adapting to their realities and providing them with processes that are faster, which include reducing the number of onboarding conditions. The program also links fintechs to platforms that are already certified by Visa and connects fintechs to sponsoring banks, providing fintechs with scaling opportunities through Visa’s global network.
Andrew Torre, Regional President, CEMEA, Visa, said, “The payments ecosystem is evolving at an unprecedented pace with some of the most exciting innovations coming from our region. We are actively engaged with passionate, entrepreneurial communities to understand where synergies exist in order to foster and bring new experiences to life in a secure and scalable manner in our pursuit of a digital future. Our aim is to connect new players and ideas with our network partners, so that we can deliver intuitive and relevant payment, banking and retail experiences to customers and merchants.”
The Fintech Fast-Track program provides a new commercial framework that includes access to Visa’s payment capabilities, reduced fees and streamlined processes. After successful launches in Europe, Latin America and Asia Pacific in the second half of 2018, the program is now available to fintechs in CEMEA. Visa is inviting all innovative fintechs in the region to apply to the program by registering online through the program website – www.visa.com/fintechcemea.
The Fast-Track program is one of several Visa initiatives designed to support fintech and startup companies. These include:
- Investment: Visa continuously evaluates and invests in companies that have the potential to advance digital payments for our clients and their customers. Recent fintech investments globally have included Klarna, Paidy, Marqeta and PayStack in Nigeria.
- Partnership: Many payment platforms and fintechs are already collaborating with Visa globally to create new consumer and merchant experiences, including YellowPepper, NovoPayment, Stripe, Conductor, Flutterwave and Revolut.
- Engagement: Visa’s Everywhere Initiative, a global innovation program that tasks startups with solving some of the most challenging issues in payments and commerce, has been running in CEMEA since 2017.
In Sub-Saharan Africa, Visa will work with Global Technology Partners (GTP), to design and enable turnkey end-to-end packaged solutions jointly for the Visa Fintech Fast Track program. The enterprise solution will include bin sponsorship, issuer processing services, acquirer QR code processing services and program management services.
Rich Bialek, CEO of GTP, said, “GTP is excited to work with Visa to bring new digital products to our banks and cardholders. Fintech companies in the CEMEA region are developing innovative solutions to meet the needs of this rapidly growing consumer base. By expanding the fast-track program to CEMEA, Visa and GTP will enable these companies to rapidly deliver new technologies and services to consumers, improving and expanding how commerce works in this dynamic market.”
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About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit www.corporate.visa.com, www.visasoutheasteurope.com, https://www.facebook.com/VisaGeorgiaGE, www.visanewscissee.com
About Global Technology Partners
Global Technology Partners is headquartered in Tulsa, Oklahoma USA. The company was founded in 2003 and began processing its first Visa prepaid debit card in Burkina Faso in 2007. Since then, GTP has expanded into over 30 African countries, with more in development. GTP designed its system specifically for prepaid programs, and now offers industry-leading prepaid and mobile processing solutions.
President Margvelashvili Discusses Scholarship Program with Chairman of NIPPON
The President of Georgia, H.E. Giorgi Margvelashvili has held a meeting with the Chairman of the NIPPON Foundation, Mr. Yohei Sasakawa at the Presidential Palace. Mr. Sasakawa has taken part in the regional meeting of Georgian scholarship awardees.
As noted at the meeting, it is necessary to further strengthen ties between Georgia and Japan. Intensification of these relations is supported by the Ambassador of Japan to Georgia and the NIPPON Foundation. Mr. Sasakawa hopes that President Margvelashvili will pay another visit to Japan.
President Margvelashvili has emphasized the prospects of advancing Georgia-Japan cooperation and its importance.
One of the key specialization of the NIPPON Foundation is scholarship programs. Citizens of Georgia have already benefited from the NIPPON scholarship program and pursued their studies in leading marine colleges and institutions. President Margvelashvili has thanked Mr. Sasakawa for financing and supporting these students.
Mr. Sasakawa has also spoken about the Paralympic games to be held as part of 2020 Tokyo Olympics which are financed by the NIPPON Foundation. President Margvelashvili has called on Georgian athletes for active involvement and noted that Georgia's Paralympic team is truly distinguished and its participation important.
North Korea missile test was 'new type of ballistic rocket'
North Korea has claimed that the missile it tested on Sunday was a new type of rocket capable of carrying a large nuclear warhead. The missile, launched at a steep angle, reached an altitude of 2,000 km (1,242 miles) and travelled about 700km, landing in the sea west of Japan. North Korea said on Monday it was a test of the abilities of a "newly developed ballistic rocket".
South Korea's military said it could not yet verify the North's claims. But it said the North's missiles did appear to be able to leave and re-enter the atmosphere, which is crucial to developing intercontinental ballistic missiles (ICBMs), the Yonhap news agency reported.
Consideration of the Study on Application of the Standards of European Convention on Human Rights by the Common Courts
In view of consideration of the standards of application of the decisions of the European Court of Human Rights and the European Convention on Human Rights by the Common Courts of Georgia, the Supreme Court hosted the meeting.
The legislative and executive officials, the Head of the CoE Office, representatives of the Courts, Public Defender Office, lawyers and NGOs on human rights were cognizant with the results of the CoE and EU study.
The Chair of the Human Rights and Civil Integration Committee, Sofo Kiladze addressed the attendees, speaking about importance of enforcement of the European Convention and the Court decisions and the steps to be made by the state for implementation thereof. “The role of the decisions of the Court and the European Convention on Human Rights is undoubtedly important not only for human rights protection but for democratic construction and EU and NATO integration. Naturally, we encounter challenges in this process and try jointly to deal with them. One of the directions of the Human Rights Committee is development of the mechanisms of institutional guarantees of human rights and hence, this issue is of utmost importance for us to further development the decisions of the Strasbourg Court and Convention Provisions on the institutional level”.
The Head of CoE Office, Cristian Urse estimated the meeting and stated that it concerns the presentation of two studies on application and implementation of the European Convention. The similar meeting was held in last April and it has become the tradition. “It is important to maintain high expectations towards harmonization of Georgian judicial practice with ECHR. The joint project of CoE and EU aims at facilitation to provision of fundamental rights of the citizens of Georgia and for the Judges, Prosecutors and lawyers in their routine activity”.
The meeting was held within the CoE and EU joint project “Application of the European Convention on Human Rights in Georgia and Compliance of the National Legislation with European Judicial Practice”, being the part of the EaP Program Cooperation Frame.