PYMNTS

FEBRUARY 27, 2020

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world should attempt to get a better understanding of the pros and cons of the process, according to a report by Reuters. They will also confer with colleagues overseas on the topic.

Central Bank 64

Central Bank Digital Currency Money Laundering CBDC 64

PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. Some central banks are embracing the concept. The overall theme, reported the site, is to look into how “digital central bank money could be used in the settlement of tokenized assets between market participants.”.

Central Bank 73

Central Bank Digital Currency Federal Reserve Non-Bank 73

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

JULY 1, 2019

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. There is a new economy emerging driven by changes in technology, demographics and the environment.

Central Bank 62

Central Bank Innovation Settlement Authorization 62

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. Fed, the Swiss National Bank and others.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

JANUARY 6, 2020

The Central Bank of Jamaica (BOJ) has confirmed it will abide by the Principles for Financial Market Infrastructures (PFMIs). The bank explicated that FMIs are crucial to Jamaica’s financial system and the country’s broader economy, contributing to overall financial growth.

Central Bank 52

Central Bank Settlement Best Practices Regulations 52

Fintech News

APRIL 3, 2024

The Central Bank of Brunei Darussalam (BDCB) and the Bank of the Lao PDR (BOL) have formally joined the Regional Payment Connectivity (RPC) initiative. This expansion brings the number of ASEAN central banks involved in the RPC to eight, joining the ranks of Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

Cross-Border Payments 141

Cross-Border Payments Cross-Border Central Bank Payments 141

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis.

Central Bank 57

Central Bank Digital Currency CBDC Federal Reserve 57

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

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. Incorporating offline capabilities into digital payments can overcome these challenges.

Digital Payments 98

Digital Payments Online and Mobile Banking Financial Inclusion Central Bank 98

Fintech News

MARCH 4, 2024

This investment will support SGB’s launch and growth in Bahrain, following the bank’s recent licensing approval from the Central Bank of Bahrain. The bank aims to bridge the gap between Asia and the Middle East and North Africa (MENA) region, facilitating cross-border trade and promoting financial connectivity.

Security 105

Security Central Bank Cross-Border Settlement 105

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 88

Debit Card P2P Cross-Border Central Bank 88

Fintech News

AUGUST 12, 2024

BS2 also serves as Nium’s Brazilian Real (BRL) Correspondent Bank, assisting in real-time payment settlements for cross-border Pix transfers. Nium has also joined the Associação Brasileira de Câmbio (ABRACAM), an association representing institutions authorized by the Central Bank of Brazil to conduct foreign exchange operations.

Cross-Border 106

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 106

Fintech News

JUNE 12, 2024

The Bank for International Settlements (BIS) Innovation Hub and the Monetary Authority of Singapore (MAS) have developed a blueprint – Project Viridis – a climate risk platform aimed at helping financial authorities identify, monitor, and manage climate risks in the financial system.

Authorization 108

Authorization Risk Assessments Central Bank 108

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

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.

CBDC 102

CBDC Central Bank Financial Inclusion Digital Currency 102

The Fintech Times

SEPTEMBER 12, 2024

Kicking off proceedings in the morning on the main stage, Thomas Courtois , CEO of Nickel , the France-based neobank, highlighted the importance of financial inclusion in a modern economy. If we take into account those who have a bank account, we are at a rate of around 95 per cent across Europe.

Central Bank 64

Central Bank Financial Inclusion Blockchain Interoperability 64

PYMNTS

DECEMBER 13, 2017

The central bank of Australia is in the midst of considering whether to create bank notes using blockchain, according to news from The Financial Times. The bank notes would, in turn, be distributed by financial institutions.

Central Bank 43

Central Bank Electronic Banking Bitcoin Blockchain 43

PYMNTS

FEBRUARY 28, 2020

The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. That would be a change with profound economic consequences.”.

Digital Currency 95

Digital Currency Stablecoins Central Bank Money Laundering 95

Fintech News

DECEMBER 13, 2023

Zand Bank, licensed by the Central Bank of the UAE, contributes to the MENA region’s digital economy and financial integration through secure and convenient banking services. The company said that it is focused on building financial connections between Asia and global markets.

Cross-Border Payments 126

Cross-Border Payments Cross-Border Gateways Central Bank 126

The Fintech Times

DECEMBER 14, 2023

Pave Bank has emerged from stealth to give businesses access to new technologies, enabling greater banking efficiency and access to the new digital economy. Opening up channels for businesses, Pave Bank has acquired a digital banking licence from Georgia.

Economy 59

Economy Finance Multi-Currency Regulations 59

Fintech Finance

DECEMBER 13, 2023

The Central Bank of Colombia, Banco de la República , today announced it is partnering with ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software , to build a new domestic real-time payments ecosystem as part of a nationwide banking transformation project.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

Fintech Finance

AUGUST 12, 2024

“Latin America has established itself as a frontrunner in numerous cross-border use cases, particularly in global marketplaces where its e-commerce economy thrives in supplier corridors with Asia and Europe,” said Prajit Nanu, Founder and CEO of Nium. Nium has been present in the region dating back to 2017.

Real Time Payments 98

Real Time Payments Cross-Border Payments Cross-Border Central Bank 98

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. By accepting cryptocurrency payments, merchants contribute to a more inclusive global economy.

Cryptocurrency 84

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 84

PYMNTS

SEPTEMBER 4, 2017

A blockchain platform may be in the offing in India, courtesy of that nation’s central bank’s research arm. As noted by Finextra , that platform could be among tech offerings that could debut directly from the central bank.

Central Bank 43

Central Bank Blockchain Settlement Research 43

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. Wholesale CBDCs could enhance the efficiency of the financial system by reducing settlement times and lowering costs. What Are CBDCs?

Central Bank 91

Central Bank Digital Currency CBDC Cross-Border Payments 91

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. China’s central bank gave Mastercard the green light on Feb. The Coronavirus Is Making The Global Economy Sick.

Settlement 56

Settlement Visa Online and Mobile Banking Small Business 56

PYMNTS

OCTOBER 23, 2020

economy as traveling along a V-shaped recovery , Sheard said, then we’re roughly halfway up the “second leg” of the V.). Simply put, China is a massive economy that rivals the U.S. as the largest economy in the world a few years ago. But China is still a developing economy and is growing more quickly than the U.S. –

Posting 83

Posting Central Bank Digital Currency Economy 83

PYMNTS

JANUARY 24, 2020

The move comes after a Bank of Japan decision to join with six other central banks to share knowledge on issuing digital currencies at a later time. The group – which is headed up by Akira Amari, the former economy minister – plans to present its proposal to the government as soon as February.

Digital Currency 100

Digital Currency Central Bank Cryptocurrency Government 100

Fintech News

MAY 8, 2024

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

CBDC 120

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 120

PYMNTS

MAY 22, 2020

Detailing similar efforts in India and the Asia-Pacific region, the new Tracker looks at faster payments systems getting built around the world to ignite whole economies. Sweden’s central bank, Sveriges Riksbank, is the newest financial institution (FI) to connect to TIPS, for example. The Fed’s Failure.

Faster Payments 137

Faster Payments Real Time Payments Cross-Border Payments 137

The Fintech Times

AUGUST 13, 2024

Prajit Nanu , founder and CEO of Nium “Latin America has established itself as a frontrunner in numerous cross-border use cases, particularly in global marketplaces where its e-commerce economy thrives in supplier corridors with Asia and Europe,” explained Prajit Nanu , founder and CEO of Nium.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Real Time Payments Correspondent Bank 69

Fintech Finance

FEBRUARY 6, 2024

” NPS-NCS and NEPALPAY are part of the National Payment Switch (NPS) initiative, the core infrastructure for routing and settlement of retail transactions to ensure interoperability of card and non-card-based payments within Nepal. billion people.

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

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 26, 2020

UPI was established by the central bank and is owned by a group of local lenders. Earlier this year, UPI launched a pilot program in Singapore and held talks with the Bank for International Settlements, the World Bank and the Bill & Melinda Gates Foundation to explore possible collaborations, Dilip Asbe , CEO of NPCI told FT.

Volume 123

Volume Transactions Digital Payments Online and Mobile Banking 123

PYMNTS

JANUARY 14, 2021

At least it seems so, if recent comments by European Central Bank President Christine Lagarde are any indication. Lagarde stated back in November that the European Central Bank will be able to launch a digital version of the euro within four years. She pointed to the crypto’s use in criminal activity. . —

Money Laundering 61

Money Laundering Bitcoin Regulations Central Bank 61

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