The Fintech Times

NOVEMBER 9, 2024

In the last five years, Sri Lanka’s economy has struggled greatly. Not all doom and gloom: fintech is on the horizon Despite the outbreak of the pandemic, in 2020 the Central Bank of Sri Lanka (CBSL) launched its regulatory sandbox in an effort to boost its fintech sector and innovation.

Economy 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. A survey asked banks if they were currently working on CBDCs, additionally asking about their motives.

CBDC 102

CBDC Central Bank Financial Inclusion Digital Currency 102

The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

Interbank Settlement 134

Interbank Settlement CBDC Settlement Use Case 134

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept. No Race To Rollout .

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

The Fintech Times

JUNE 19, 2024

The Central Bank of the United Arab Emirates (CBUAE) has approved new regulations for stablecoins, enabling it to integrate Dirham-backed digital currencies into its financial ecosystem. What could it mean for the future of the financial ecosystem, for the crypto space in the region, and the future of a UAE CBDC?

CBDC 69

CBDC Stablecoins Regulations Disputes 69

Fintech Review

APRIL 24, 2024

“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. The Advantages of CBDCs CBDCs promise to significantly enhance the efficiency of financial transactions.

Central Bank 91

Central Bank CBDC Cross-Border Payments Cross-Border 91

The Payments Association

OCTOBER 14, 2024

The flaws in prevailing central bank digital currency (CBDC) designs and suggestions for improving them. These design flaws could undermine efforts to create a public digital payments system for the future economy. What is this article about? Why is it important? What’s next?

Privacy 88

Privacy Addressing CBDC Payer 88

Fintech Finance

JULY 4, 2024

Even in today’s digital-first economy, connectivity issues can present challenges for digital payment transactions, especially in rural areas. In highly industrialized economies, internet access is not uniformly reliable. The success of several CBDC pilot projects around the globe has demonstrated the importance of offline payments.

Digital Payments 82

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 82

Fintech News

DECEMBER 11, 2023

Cambodia is implementing new initiatives to expand payment options for tourists by cementing blockchain-based central bank digital currency (CBDC) partnerships. The National Bank of Cambodia (NBC) has been instrumental in facilitating these digital currency evolutions.

Digital Currency 82

Digital Currency Blockchain CBDC Central Bank 82

Fintech News

DECEMBER 6, 2023

Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This programme is designed to ease payments for travelers from both countries during their overseas visits.

Cross-Border Payments 119

Cross-Border Payments Cross-Border CBDC Payments 119

The Fintech Times

AUGUST 6, 2024

The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. In 2019, the Bank of Thailand launched a regulatory sandbox initiative.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

PYMNTS

OCTOBER 7, 2020

The Bank of Korea has said it plans to begin testing distribution of its digital currency next year, according to a report by The Korea Herald. The central bank said in April it had launched a 22-month pilot that would end in December 2021, the report stated.

Digital Currency 83

Digital Currency Central Bank CBDC Cryptocurrency 83

Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023.

Debit Card 84

Debit Card P2P Cross-Border Central Bank 84

PYMNTS

OCTOBER 9, 2020

In today’s top news, the Federal Reserve and seven central banks are collaborating on a framework for digital currency, and Amazon India prepares for its festive season with a $95.5 Fed, Central Banks Frame Criteria For Digital Currency. Mastercard: The Touchless And Caring Economies Are Boosting P2P Adoption.

Digital Currency 56

Digital Currency Central Bank Federal Reserve P2P 56

The Fintech Times

SEPTEMBER 20, 2024

One of the biggest challenges central bank digital currencies (CBDCs) have faced in their development is who will actually use them. A new report from the Reserve Bank of Australia (RBA) supports this as it reveals public interest in a retail CBDC has yet to emerge in the country.

Treasury 59

Treasury CBDC Assessments Digital Currency 59

Finovate

NOVEMBER 18, 2024

The report notes that global cash usage continues to decline at 4% a year, but developing economies are experiencing a faster rate of decline than that of the U.S., ” This figure was quite surprising, as I haven’t looked into CBDC projects since 2021, when only 43 countries were exploring the use of a CBDC.

Global Payments 69

Global Payments Payments Trends CBDC Embedded Payments 69

Fintech News

DECEMBER 20, 2023

Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots.

FinTech 80

FinTech Cross-Border CBDC Web 3.0 80

PYMNTS

JANUARY 28, 2021

Digital assets are no longer a futuristic pipe dream in modern economy. In a world that embraces an instant, always-on economy, the implications of faster payments to suppliers, instant cash sweeps and pooling, and the shift away from batch payment processing are far-reaching.

Treasury 84

Treasury Cross-Border Cross-Border Payments Interoperability 84

PYMNTS

FEBRUARY 5, 2020

She did not mention interest rates or the current state of the economy. Brainard has previously touched on other central bankers’ feelings of trepidation about issuing currencies, including Facebook’s proposed Libra , noting that there are risks involved.

Digital Currency 52

Digital Currency Fed CBDC Federal Reserve 52

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 64

Digital Currency Cross-Border Settlement Central Bank Bitcoin 64

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

Payments Trends 100

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 100

Fintech News

MARCH 5, 2024

. #1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.

Embedded Finance 82

Embedded Finance APACS Financial Inclusion CBDC 82

The Fintech Times

SEPTEMBER 30, 2024

Historically one of the world’s largest economies, Japan has set a global benchmark for economic development in the last century. This growth made Japan the world’s second-largest economy behind the United States, although it was eventually overtaken by China in 2010. Genuine fintech growth?

FinTech 59

FinTech Digital Currency Central Bank Economy 59

PYMNTS

APRIL 15, 2020

In today’s top news, Amazon will lower commission rates for the Amazon Associates program, while one of China’s state-owned banks has a mobile pilot app that supports central bank digital currency. economy $25 billion each day. Agricultural Bank of China Tests App for Country’s Digital Currency.

Account Takeovers 53

Account Takeovers Federal Reserve Digital Currency CBDC 53

The Fintech Times

OCTOBER 25, 2024

The country’s journey from a cash-dominated economy to a digital leader began to take shape in 2016, a pivotal year for India’s financial arena. UPI enabled users to use their phones as virtual debit cards, allowing secure, instant transfers between almost 600 banks and fintechs without the need for bank details or transaction fees.

Digital Payments 59

Digital Payments FinTech Online and Mobile Banking Financial Inclusion 59

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

Fintech News

MARCH 5, 2024

. #1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.

Embedded Finance 71

Embedded Finance APACS Financial Inclusion CBDC 71

Clearly Payments

FEBRUARY 19, 2024

of businesses in the USA are small businesses showcasing the importance of entrepreneurship to the US economy. Gross Domestic Product (GDP) is one of the ways to estimate the merchant economy in the USA. There are 30.7 million active businesses as of 2023, according to the US Census Bureau. In 2023, the USA GDP was $26.2

Process 72

Process Digital Currency Online and Mobile Banking Payments 72

Fintech News

DECEMBER 13, 2024

These initiatives also seem to complement ongoing efforts to develop Central Bank Digital Currencies (CBDCs), as both digital assets aim to modernise traditional financial systems. And despite those incidents, stablecoins do offer several compelling benefits to Asian economies. It’s merely a reminder of its risks.

Stablecoins 70

Stablecoins Cross-Border Cross-Border Payments Caps 70

The Fintech Times

SEPTEMBER 10, 2024

In 2024, China’s fintech landscape is playing an increasingly central role in its economic development, as the country continues to solidify its position as the world’s second-largest economy. China’s economy is diverse, with leadership across various sectors, including manufacturing, agriculture, and financial services.

FinTech 59

FinTech Online and Mobile Banking Digital Currency Central Bank 59

The Fintech Times

JULY 5, 2024

With Filia Unplugged, we are helping to bridge this gap,” explained Raoul Herborg , managing director of Central Bank Digital Currency ( CBDC ) at G+D. ” In today’s digital-first economy, connectivity pain points can cause serious issues.

Digital Payments 52

Digital Payments Transactions Online and Mobile Banking CBDC 52

PYMNTS

JULY 21, 2020

The deal coincides with efforts to jumpstart China’s economy. Earlier this year, the People’s Bank of China (PBOC) launched a pilot program for its new digital currency yuan with 19 businesses, including Starbucks, Subway and McDonald’s.

Digital Currency 60

Digital Currency CBDC Central Bank Adjustments 60

PYMNTS

APRIL 24, 2020

Plus, credit card companies are cutting customer spending limits in response to the COVID-19 pandemic’s effect on the economy. The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital yuan with 19 local businesses, including the U.S. Starbucks Among 19 Firms Trialing China’s Digital Yuan.

Treasury 58

Treasury Returns Credit Union Digital Currency 58

Fintech News

APRIL 28, 2024

This collaboration aligns with Australia’s broader economic strategy in Southeast Asia, highlighted last year by Prime Minister Anthony Albanese in “Invested: Australia’s Southeast Asia Economic Strategy to 2040”, which pinpoints the digital economy as a crucial area for enhancing bilateral trade and investment with Thailand.

Payment APIs and Integration 99

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 99

Clearly Payments

JANUARY 25, 2024

The Number of Businesses in Canada Let’s take a closer look at Canadian businesses – the heartbeat of our economy. million businesses driving the Canadian economy forward. Canada is home to a bustling entrepreneurial scene, with 1,326,321 employer businesses and another 2,951,629 non-employer businesses.

Process 96

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 96

PYMNTS

JANUARY 24, 2020

Central Banks Team On Digital Currency Standards And Use Cases. And now, for digital currencies, it’s a group effort — among central banks, that is. 21), at least some of those central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC).

Online and Mobile Banking 60

Online and Mobile Banking Office of the Comptroller of the Currency Central Bank OCC 60

Fintech News

FEBRUARY 27, 2024

Here’s a look at how crypto regulation evolved across 10 major APAC economies last year, and what regulatory or enforcement measures might be faced in 2024. Australia Australia distinguished itself with significant steps towards regulatory clarity in the realm of digital assets and payment stablecoins.

APACS 98

APACS Regulations Stablecoins Cryptocurrency 98