Central Bank, Retail Payments and Settlement

Australia Central Bank Unveils 3-Year Digital Money Plan

Fintech News

OCTOBER 23, 2024

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

Central Bank

Central Bank CBDC Settlement Treasury

Sweden's Riksbank presents case for modernisation of retail payments infrastructure

Finextra

NOVEMBER 20, 2024

Sweden's central bank says the country's retail payment infrastructure needs to be modernised to accommodate more instant payments and third party access to payment and settlement rails.

Retail Payments

Retail Payments Central Bank Instant Payments Settlement

Central Bank of Iceland examines feasibility of joining Europe's T2 RTGS and Tips settlement engine

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.

Central Bank

Central Bank Settlement Instant Payments Assessments

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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Private/Public Partnerships A Boon For Central Bank Digital Currencies?

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).

Central Bank

Central Bank Digital Currency CBDC Settlement

ECB President Touts Benefits Of Central Banks Launching Crypto

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.

Central Bank

Central Bank Digital Currency Federal Reserve Stablecoins

Is Project Nexus a Model for Global Instant Cross-Border Payments?

Fintech News

JULY 3, 2024

The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS). trillion by 2025.

Cross-Border Payments

Cross-Border Payments Cross-Border Instant Payments Central Bank

EXCLUSIVE: Bank of England’s CHAPS Payments System Goes Down – The Payments Industry Reacts

Fintech Finance

JULY 19, 2024

According to The Bank of England in February 2021, the average daily value of CHAPS payments was £341 billion, and the bank-to-bank payments system is used by individuals who are buying expensive items like a car or to paying a deposit on a house. Retail payments, such as ATM and card payments, remained unaffected.

Payments

Payments ISO 20022 Retail Payments Settlement

RBA and Treasury Reveal the Role of CBDCs in Australia as Public Lacks Interest

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. After all, if a country’s general public is happy with its current payment methods, why would they change? “Next month, we will launch the public phase of Project Acacia.

Treasury

Treasury CBDC Assessments Digital Currency

Bank of Thailand Concludes Retail CBDC Pilot Programme, Reveals Key Findings

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.

CBDC

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

Fintech in Singapore: 2023 in Review

Fintech News

DECEMBER 20, 2023

Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability.

FinTech

FinTech Cross-Border CBDC Web 3.0

Nepal Clearing House Taps ACI Worldwide to Pioneer Card Payment Central Infrastructure

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

Interoperability Real Time Payments Non-Bank Financial Inclusion

Stabilising The Crypto Frontier: UAE’s Groundbreaking Stablecoin Regulations

The Fintech Times

JULY 15, 2024

The Central Bank of the UAE ( CBUAE ) has recently released the Payment Token Services Regulation under Circular 2/2024 ( Payment Token Services Regulation ), establishing a comprehensive regulatory framework for payment tokens. The DFSA only permits financial services related to recognised crypto tokens.

Stablecoins

Stablecoins Regulations Multi-Currency Issuers

G20 Finance Board: Libra Will Need To Be Watched Closely

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.

Finance

Finance Cryptocurrency Regulations Central Bank

International Payments Group Champions Faster Cross-Border Payments

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.,

Cross-Border Payments

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT)

2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

OCTOBER 31, 2024

America Biometric Payments 2 Global, especially mobile-first markets Cash Payments 5 Emerging Markets, some developed regions Central Bank Digital Currencies (CBDCs) 1 Asia, Caribbean Credit Cards Overview : Credit cards allow consumers to make purchases on credit, paying later and often with interest.

Online and Mobile Banking

Online and Mobile Banking RTP BNPL Debit Card

The Roil Over B2B Payments Rails

PYMNTS

OCTOBER 8, 2018

That’s also where we’ve seen banks innovate. Banks use deposits kept there as a key platform asset upon which other value is created to keep customers sticky and those deposits in their vaults. In this context, real-time is the real-time clearing and settlement of payments transactions. That’s not us.”. End of that story.

B2B

B2B Same Day ACH Payments ACH

Brazil Could Lead The Way On Central Bank Digital Currencies With 2022 Rollout

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system. “To

Digital Currency

Digital Currency Central Bank CBDC Instant Payments

ECB Publishes First Progress Report on Digital Euro Preparation Phase

Fintech Finance

JULY 1, 2024

The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, which was launched on 1 November 2023 with the aim of laying the foundations for the potential issuance of a digital euro.

Legal Framework

Legal Framework Money Laundering Online and Mobile Banking Central Bank

Payments Space

Australia Central Bank Unveils 3-Year Digital Money Plan

Sweden's Riksbank presents case for modernisation of retail payments infrastructure

Central Bank of Iceland examines feasibility of joining Europe's T2 RTGS and Tips settlement engine

Webinars

Private/Public Partnerships A Boon For Central Bank Digital Currencies?

ECB President Touts Benefits Of Central Banks Launching Crypto

Is Project Nexus a Model for Global Instant Cross-Border Payments?

EXCLUSIVE: Bank of England’s CHAPS Payments System Goes Down – The Payments Industry Reacts

RBA and Treasury Reveal the Role of CBDCs in Australia as Public Lacks Interest

Bank of Thailand Concludes Retail CBDC Pilot Programme, Reveals Key Findings

Fintech in Singapore: 2023 in Review

Nepal Clearing House Taps ACI Worldwide to Pioneer Card Payment Central Infrastructure

Stabilising The Crypto Frontier: UAE’s Groundbreaking Stablecoin Regulations

G20 Finance Board: Libra Will Need To Be Watched Closely

International Payments Group Champions Faster Cross-Border Payments

2024 Payment Methods Report: Overview, Insights, and Statistics

The Roil Over B2B Payments Rails

Brazil Could Lead The Way On Central Bank Digital Currencies With 2022 Rollout

ECB Publishes First Progress Report on Digital Euro Preparation Phase

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