Central Bank Cross-Border Payments Distributed Ledger Technology (DLT) 
The Fintech Times
MAY 18, 2024
Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.
PYMNTS
NOVEMBER 27, 2019
The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! DLT would also help in terms of cross-border payments, he said.
The Fintech Times
JUNE 6, 2024
Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.
The Fintech Times
AUGUST 6, 2024
Similar to other regions across Asia, mobile payments are now preferred as a payment method over card payments by 70 per cent of Thai consumers. QR codes have also become a popular payment method in Thailand. In 2019, the Bank of Thailand launched a regulatory sandbox initiative.
Fintech News
DECEMBER 11, 2023
SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.
The Fintech Times
DECEMBER 21, 2023
Looking specifically at open banking, 2024 will see more news on this front. In 2023, Saudi Arabia announced its Open Banking Lab by the Saudi Central Bank (SAMA) , not even a year after SAMA launched its Open Banking Framework. MEA has historically been dominated by payments, money transfers and remittances.
Fintech News
JANUARY 30, 2024
Super apps with embedded finance capabilities have been one of the dominant payments across Asia even before 2024. The integration of instant payments into daily financial activities signifies a broader shift in consumer preferences and behaviours, reflecting a demand for quicker and more convenient transaction methods.
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