PYMNTS

JANUARY 6, 2021

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Getting there, he told Webster, involves expanding financial inclusion through digital transactions that, effectively are — for the merchants and consumers involved– free.

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Central Bank Financial Inclusion Wire Transfer Payments 145

Payments Source

JANUARY 7, 2020

Facebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies. It’s also sparking a potential bottom-up approach in New York.

Digital Currency 112

Digital Currency Central Bank Cryptocurrency Governance 112

Fintech Finance

JULY 4, 2024

The introduction of a token-based solution such as G+D Filia® Unplugged not only strengthens payment resilience but also has the potential to drive financial inclusion for nearly 1.4 With Filia® Unplugged, we are helping to bridge this gap,” explains Dr. Raoul Herborg, Managing Director Central Bank Digital Currency at G+D.

Digital Payments 98

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

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.

CBDC 109

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 109

Clearly Payments

AUGUST 29, 2024

Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. CBDCs in Other Countries China : The Digital Yuan (e-CNY) is one of the most advanced CBDC projects.

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Central Bank Digital Currency CBDC Cross-Border Payments 91

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. In the past four years, 86 percent of central banks have been actively doing some kind of work on CBDCs, according to BIS.

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CBDC Central Bank Financial Inclusion Digital Currency 102

The Fintech Times

SEPTEMBER 9, 2024

Previously hosted by major institutions like the Federal Reserve, Deutsche Bundesbank and the European Central Bank, the workshop has become a central platform for discussions on cutting-edge financial innovations. The event will also explore emerging issues such as consumer protection in the age of generative AI.

P2P 59

P2P Federal Reserve Central Bank Financial Inclusion 59

PYMNTS

NOVEMBER 7, 2016

4) it inked a partnership with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU). The secure digital instrument can be used across all existing payment platforms and will be equivalent in value to physical legal tender, eCurrency said in the press release.

Digital Currency 73

Digital Currency Financial Inclusion Interoperability Central Bank 73

Clearly Payments

JANUARY 4, 2024

Since 2009, the financial landscape has been undergoing a transformation with the emergence of cryptocurrencies. As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency. This is covered in the below section. What are Stablecoins?

Cryptocurrency 84

Cryptocurrency Stablecoins Cross-Border Payments Central Bank 84

CoinRemitter

MAY 29, 2024

With the rise in digital currencies for payments and transactions, two innovations are much discussed: Central Bank Decentralised Currencies (CBDCs) and cryptocurrencies. CBDCs Central Bank Decentralised Currencies (CBDCs) is a form of digital currency, that is issued and regulated by the central bank of a country.

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Cryptocurrency Central Bank Digital Currency Privacy 49

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.

Participant 45

Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45

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 115

Payments Trends Digital Currency Cross-Border Payments Instant Payments 115

PYMNTS

NOVEMBER 2, 2020

2), said that FinTech companies have some "key advantages" over traditional banks in terms of developing a customer base and curbing risk. He praised financial inclusion, with microloans and mobile payments bridging a gap for rural residents but said protecting peoples' private information is still challenging.

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Transactions Digital Currency Process Central Bank 116

The Fintech Times

SEPTEMBER 25, 2024

While 134 countries and currency unions, representing 98 per cent of global GDP, are currently exploring a central bank digital currency (CBDC), the Bank of Canada has revealed it is officially putting efforts to introduce a digital version of the Canadian dollar on pause.

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CBDC Digital Currency Central Bank Privacy 75

PYMNTS

SEPTEMBER 15, 2020

Central bank digital coins on the Continent – but plenty of room for cash. In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies.

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CBDC Risk Central Bank Digital Currency 91

Fintech Finance

JANUARY 11, 2024

The report underscores the increasing pace of change in cross-border payments, mentioning key developments such as SWIFT’s gpi, the global rollout of the ISO 20022 standard, the exploration of Distributed Ledger Technologies, the use of APIs, and the rise of Central Bank Digital Currencies. The post U.S.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Fintech News

MARCH 5, 2024

3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P. The discussion will cover key aspects such as the impact on cross-border payments, liquidity funding needs, and the broader implications for financial inclusion and the global movement of money.

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Embedded Finance APACS Financial Inclusion CBDC 105

Fintech Finance

MAY 7, 2024

Stakeholders across payments, smart mobility and digital ID can now access the industry’s most complete set of consultancy and testing services via Fime, supporting financial inclusion and innovation while enabling cost and time savings.

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Acquirers Consulting Instant Payments Payments 52

The Fintech Times

SEPTEMBER 10, 2024

Digital adoption, already high before Covid-19, surged during the country’s strict pandemic policies, alongside a boom in e-commerce and financial inclusion efforts for individuals and SMEs. The digital renminbi, or e-CNY, has been in development since 2014 and entered its pilot phase in 2019. With over 1.4

FinTech 59

FinTech Online and Mobile Banking Central Bank Digital Currency 59

Fintech News

MARCH 5, 2024

3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P. The discussion will cover key aspects such as the impact on cross-border payments, liquidity funding needs, and the broader implications for financial inclusion and the global movement of money.

Embedded Finance 98

Embedded Finance APACS Financial Inclusion CBDC 98

PYMNTS

DECEMBER 7, 2018

The organization said in its report, “digital identity is the fundamental building block and a key area for governments to focus on … another important building block … is having digital versions of national currencies on the blockchain , for example, through blockchain-based central bank digital currencies (CBDCs).”.

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Blockchain Central Bank Digital Currency Blocks 75

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

SEPTEMBER 15, 2020

Last week, Mastercard announced its virtual testing platform for central bank digital currencies (CBDCs). The testing tool comes as the global economy embraces digital payments and central banks investigate how to support innovation and maintain financial stability as they issue the currency.

Credit Cards 56

Credit Cards Digital Payments Central Bank Online and Mobile Banking 56

PYMNTS

JULY 2, 2020

Much has been written about how delivering fiat currencies digitally can boost financial inclusion and perhaps streamline financial services. It’s a system that has been in place for a while, with oversight and regulation (and central banks) in place to keep fiat front and center in traditional banking.

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Blockchain Stablecoins Financial Inclusion Wire Transfer 90

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.

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CBDC Fed Federal Reserve ISO 20022 107

The Fintech Times

DECEMBER 21, 2023

This includes an increased usage of artificial intelligence (AI) and machine learning, further advancements in open banking and open finance, digital currencies and virtual assets, and cybersecurity. Looking specifically at open banking, 2024 will see more news on this front.

FinTech 64

FinTech Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 64

PYMNTS

JANUARY 14, 2021

The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. Wells River Savings Bank Joins The RTP Network. Sweden Considers Implications Of Digital Currency.

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RTP Real Time Payments Payment APIs and Integration Digital Currency 62

Fintech News

AUGUST 12, 2024

Holistic inclusion, beyond financial inclusion Holistic inclusion is another key theme in the financial sector. Holistic inclusion goes beyond financial inclusion, focusing on participation from women, persons with disabilities, and providing opportunities across the rural and urban demographics.

Embedded Finance 109

Embedded Finance FinTech Non-Bank Cross-Border 109

Fintech News

APRIL 28, 2024

Day 2 featured discussions on small business empowerment, consumer financial resilience, and lending strategies in Thailand. Other sessions also delved into key trends and issues shaping the global payment landscape, including open banking in Europe, the QR code revolution in Asia as well as the US’s card dominance.

Payment APIs and Integration 112

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 112

The Fintech Times

FEBRUARY 19, 2024

China’s support for digital currencies and CBDCs further illustrates the commitment to fostering a cashless economy. Beijing has also conducted a nationwide pilot scheme for e-yuan, also known as e-CNY , a digital currency, with more than 261 million people downloading the wallet in 2022.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

Faster Payments Council

SEPTEMBER 12, 2022

They will discuss how the recently published white paper on "Faster Payments and Financial Inclusion" illustrates the pain points and barriers to financial inclusion, actions, and solutions to expand, requirements of the underserved, action and solutions for issues, and considerations for faster payment stakeholders.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

Fintech News

JUNE 19, 2024

Stablecoins have been rising in conversation within the financial ecosystem of Singapore. As the name implies, stablecoins are digital assets designed to maintain a stable value relative to a reference asset, such as the US Dollar or gold.

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Stablecoins Cross-Border Cross-Border Payments Blockchain 109

PYMNTS

OCTOBER 17, 2019

In an interview with the newswire, he said that “the future in five years, if we don’t have a good answer, is basically China rewiring” a significant part of the world “with a digital renminbi running on their controlled blockchain.”. Against that backdrop, he noted, blockchain and national digital currency are protected from U.S.

Digital Currency 40

Digital Currency Central Bank Financial Inclusion Blockchain 40

PYMNTS

JULY 29, 2019

We don’t take for granted the vital role of central banks in issuing currencies and setting monetary policy in concert with the complex dynamics of economies around the world. For centuries, governments have been well suited for the job because paramount to the acceptance of any currency is trust,“ the letter states.

Cryptocurrency 72

Cryptocurrency Financial Inclusion Central Bank Digital Currency 72

The Fintech Times

APRIL 23, 2024

. ‘Connecting for Change: MUFG’s Strategy for Fintech Integration’ at Money 20/20 Asia in Bangkok, Thailand On the agenda During the morning’s activities on the Vision stage, a keynote session led by Daranee Saeju , assistant governor, payment systems policy and financial consumer protection group from the Bank of Thailand, highlighted (..)

Payment APIs and Integration 59

Payment APIs and Integration Cross-Border Cross-Border Payments CBDC 59

The Fintech Times

FEBRUARY 3, 2024

We also welcome Labour’s sentiments around central bank digital currencies, following on from the consultation replies from the Bank of England and HM Treasury and recognising that any threats to privacy and financial inclusion must be addressed.” So what does the fintech industry think? .

Finance 59

Finance FinTech Regulations Financial Inclusion 59

The Fintech Times

DECEMBER 15, 2023

Tim Moncrieff, senior director, strategic initiatives, Visa Cross-Border Solutions, says: “Businesses will increasingly demand payment solutions characterised by speed, ease of access, transparency and cost-efficiency, mirroring what we’ve grown accustomed to in personal banking.

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Cross-Border Cross-Border Payments Interoperability Payments 59