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Japan Loses Top Global Credit Provider Title After 34 Years

Yeliz Akmaca — Tue, 27 May 2025 12:00:44 +0000

For 34 years, Japanese banks were the world’s largest credit providers. However, this title has now been taken by other countries. Tokyo-based financial analyst Takashi Nakamura says:

“Japanese banks provided high volumes of credit for a long time, but the population structure and economic growth have slowed. Japan’s demographic issues have reduced credit demand. People have turned more toward saving.”

Indeed, Japan has a rapidly aging population, with a declining youth demographic. This directly affects credit needs. Bank manager Ayumi Saito states, “As the young population decreases, demand for housing and consumer loans has fallen. We are also more selective when granting credit.” Although Japan’s external assets reached a record level in 2024, Germany surpassed Japan with 569.7 trillion yen. This is explained by Germany’s strong current account surplus and the weakening of the Japanese yen.

Countries like China and the U.S. have increased their lending thanks to rapidly growing economies. Chinese economist Li Wei explains, “China rapidly expanded its credit volume and focused on technology investments. That’s why we had to surpass Japan.” Meanwhile, other major economies like the U.S. and China have implemented more aggressive credit market policies. This has caused Japanese banks to lose market share. Consumer spending and investments in Japan’s domestic market also remained below expectations.

New Global Balances and Japan’s Roadmap

Japan losing its credit provision leadership has shifted the balance in the financial world. Bank employee Kenji Tanaka says, “Now, size alone is not enough to compete. Flexibility and technological infrastructure are also very important.”

Banks are focusing on digitalization and sustainable projects. Investors are also prioritizing these areas. Financial analyst Yuki Matsuda says, “The future of lending will be in green energy and technology investments. Japan must secure its place in these fields.” Japan’s external liabilities increased by 10.7%, reaching 1,125.97 trillion yen. Also, the Japanese yen depreciated; by the end of 2024, the dollar rose 11.7% from 141.40 yen a year ago to 157.89 yen. This played a significant role in Japan’s financial balance.

The decline in Japan’s credit providing power is not just a numerical loss. It signals a fundamental shift in market dynamics. In the coming years, more balanced, innovative, and sustainable financial models will emerge.

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Ripple Launches in UAE With Zand Bank and Mamo After DFSA License

Yigit Taha OZTURK — Mon, 19 May 2025 14:30:02 +0000

Ripple has announced its first UAE-based clients — Zand Bank and Mamo — following the company’s recent licensing by the Dubai Financial Services Authority (DFSA), marking a key milestone in its Middle East expansion.

Despite this positive development, XRP fell nearly 6% on May 19, 2025, trading below $2.30 amid broader market volatility. Bitcoin briefly touched $106,000 before pulling back, triggering a wave of selling across the crypto sector.

UAE Partnerships Highlight Ripple’s Strategic Vision

Ripple’s DFSA license, granted in March 2025, allows it to offer end-to-end payment services in the UAE — a significant regulatory achievement. Reece Merrick, Managing Director for Middle East and Africa, said: “The DFSA license enables Ripple to solve cross-border payment inefficiencies in one of the world’s top financial hubs.”

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Zand Bank, one of the UAE’s fully licensed digital banks, will integrate Ripple’s blockchain to launch an AED-backed stablecoin, supporting efficient and transparent digital asset transactions across the region.

Meanwhile, Mamo, a fintech firm focused on small businesses and consumers, will use Ripple’s platform to provide faster and more reliable cross-border payments. CEO Imad Gharazeddine emphasized the importance of innovation in scaling their services in the UAE.

Ripple Payments: Expanding Global Footprint

Ripple Payments now operates in over 90 payout markets and has processed more than $70 billion in global transaction volume. In some cases, it utilizes XRP as a bridge currency through its On-Demand Liquidity (ODL) service, allowing instant conversion between fiat currencies.

With more than 60 regulatory licenses and registrations worldwide, Ripple is positioned as a leader in tokenization, digital asset custody, exchange, and global movement of value.

According to Ripple’s 2025 New Value Report, 64% of financial leaders in the Middle East and Africa see faster settlement as the primary benefit of blockchain in cross-border payments — a trend Ripple is now actively capitalizing on.

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Revolut Doubles Profit To $1.3B Fueled By Crypto Trading Surge

Yigit Taha OZTURK — Thu, 24 Apr 2025 10:00:53 +0000

Revolut more than doubled its pre-tax profit to £1 billion ($1.3 billion) in 2024, thanks to a strong rebound in crypto trading and the addition of 15 million new users. According to its annual report, the company’s revenue surged from £1.8 billion to £3.1 billion year-over-year.

The fintech’s wealth division, which includes stock and digital asset trading, generated £506 million in revenue — almost four times more than in 2023. The renewed interest in Bitcoin (BTC) and Ethereum (ETH) played a key role in this growth.

Revolut Secures UK Banking License

Founder and CEO Nik Storonsky described 2024 as a landmark year, highlighting the acquisition of the long-awaited UK banking license in July. This license enables Revolut to test and roll out financial services like credit cards, buy-now-pay-later products, and potentially mortgages.

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In May, Revolut launched Revolut X, a desktop-focused crypto exchange offering over 100 tokens, low fees, and real-time on/off-ramps. The platform is expected to roll out on mobile in 2025. In November, Revolut X expanded across 30 markets in the European Economic Area, enhancing its digital asset offerings.

Challenges And Future Goals

Despite the surge in users, Revolut still struggles to convert app users into primary banking clients. In 2024, total deposits grew from $23.9 billion to $39.8 billion, a crucial factor for future lending services.

Revenue from premium plans increased by 74% to £423 million, while the business services division now contributes 15% of total revenue.

Revolut’s ambitious target: 100 million active users across 100 countries.

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World Network Negotiates with Visa for Stablecoin Payments!

Yigit Taha OZTURK — Mon, 24 Mar 2025 16:30:47 +0000

Tools for Humanity, the company founded by OpenAI CEO Sam Altman and overseeing World Network, is reportedly negotiating with Visa to integrate stablecoin payment services into its World Wallet. According to a source familiar with the matter, this partnership aims to allow World Wallet users to make both crypto and fiat payments through Visa’s global network of merchants.

Visa Integration for Crypto Payments

World Network is building an ecosystem that enables self-custody wallets to connect directly with Visa’s merchant network. The new service would offer stablecoin payments, foreign exchange services, fiat on and off-ramps, and a variety of fintech applications.

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Tools for Humanity has submitted a product request form to Visa and other card issuers. In addition, World Network has been in discussions with Rain, a crypto card provider backed by Coinbase and Circle, which offers Visa cards for projects like Optimism and Avalanche.

Turning World Wallet Into a “Mini Bank Account”

A source familiar with the plans stated that the goal is to turn World Wallet into a “mini bank account,” allowing users to trade FX and crypto, load and send funds, and spend directly from their card. The source added that Sam Altman’s significant resources and influence might pose a competitive challenge to other wallet providers.

World Chat and Biometric Data Concerns

Earlier this month, World Network announced its World Chat application, enabling users to transfer cryptocurrency between accounts within the network. Meanwhile, the Worldcoin Orb, which scans users’ irises for biometric identification, has remained controversial since its 2021 launch.

Major payment networks like Visa and Mastercard are intensifying collaborations with crypto projects to expand their role in digital assets. A potential partnership between World Network and Visa could mark a significant milestone in this trend.

Representatives from Tools for Humanity, Rain, and Visa declined to comment on the matter.

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