Central Bank Retail Payments Settlement 
Finextra
SEPTEMBER 9, 2024
The European Central Bank (ECB) welcomes the decision by Seðlabanki Íslands (Central Bank of Iceland) to begin a feasibility assessment to explore the possibility of joining the Eurosystem’s T2 real-time gross settlement system and its TARGET Instant Payment Settlement (TIPS) retail payment system.
PYMNTS
MAY 27, 2020
But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).
PYMNTS
DECEMBER 10, 2019
Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. Lagarde has vocalized that she favors central banks releasing electronic money. When she led the International Monetary Fund, she said it could uphold public goals like economic cooperation and payment anonymity.
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). Transactions tested included retail transfers among individuals and retail payments with merchants for purchasing goods and services.
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.
PYMNTS
JUNE 25, 2019
A wider use of new types of crypto assets for retail payment purposes would warrant close scrutiny by authorities to ensure they are subject to high standards of regulation,” Quarles said. However, the FSB did acknowledge that if Libra is successful, they would have to take a different approach.
PYMNTS
FEBRUARY 20, 2018
Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,
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