Fintech News

OCTOBER 16, 2024

Siam Commercial Bank ( SCB ), alongside its venture arm SCB 10X and Lightnet , has launched Thailand’s first cross-border payment system utilising stablecoins, according to CoinGape.

Cross-Border Payments 136

Cross-Border Payments Cross-Border Stablecoins Digital Currency 136

Fintech News

APRIL 24, 2024

Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-border payments through blockchain technology, according to RYT9. Project Carina is set to utilise both Q-money, a Thai Baht-based digital currency, and JPM Coin, which represents U.S. dollar deposits. dollar account held at J.P.

Cross-Border Payments 127

Cross-Border Payments Cross-Border Blockchain Digital Currency 127

Fintech News

AUGUST 13, 2024

In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.

Cross-Border Payments 126

Cross-Border Payments Cross-Border Payments Instant Payments 126

Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.

Cross-Border Payments 124

Cross-Border Payments Cross-Border SWIFT Fed 124

Fintech News

JUNE 4, 2024

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).

Cross-Border Payments 106

Cross-Border Payments Cross-Border CBDC Settlement 106

Fintech News

DECEMBER 6, 2023

Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This programme is designed to ease payments for travelers from both countries during their overseas visits.

Cross-Border Payments 141

Cross-Border Payments Cross-Border CBDC Payments 141

The Fintech Times

MAY 29, 2024

The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. But digital currencies are far from irrelevant. CBDC overview across the MEA region in 2024 But why are so many countries adopting CBDC initiatives?

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

Payments Source

OCTOBER 19, 2020

Other central banks have considered phasing out cash as they explore digital currencies. Should the idea take hold in the U.S., Federal Reserve Chairman Jerome Powell said it would not replace the physical dollar.

Digital Currency 167

Digital Currency Federal Reserve Fed Central Bank 167

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. With the rise of digital payments, cryptocurrencies, and fintech innovations, CBDCs represent a new frontier in the evolution of money.

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

Fintech Finance

SEPTEMBER 2, 2024

MANSA , a leading decentralised finance (DeFi) platform specialising in cross-border payments and trade financing, has partnered with blockchain payment platform Bitmama to improve cross-border payment accessibility across Africa. Bitmama started in 2017 as a P2P digital currency exchange.

Cross-Border Payments 96

Cross-Border Payments Cross-Border Cross-Border Settlement Financial Inclusion 96

Fintech Finance

JANUARY 11, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

Cross-Border Payments 93

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

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 98

Online and Mobile Banking RTP BNPL Debit Card 98

The Fintech Times

NOVEMBER 8, 2024

Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. UBS Digital Cash looks to facilitate timely payment processing to combat this.

Cross-Border 59

Cross-Border Cross-Border Payments Payment Solutions Blockchain 59

Payments Source

MARCH 18, 2021

Potential central bank digital currencies would need to be integrated into existing payment systems alongside cash and other forms of money, Federal Reserve Chair Jerome Powell said. ]].

Digital Currency 123

Digital Currency Central Bank Federal Reserve Payments 123

The Fintech Times

SEPTEMBER 11, 2024

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC.

CBDC 126

CBDC Cross-Border Payments Transactions Cross-Border 126

PYMNTS

DECEMBER 1, 2020

It’s been more than a year in the making — with no shortage of caution and criticism by lawmakers and regulators here in the states and in Europe — but Libra, the digital currency backed by Facebook and a revolving cast of other tech firms, could debut as early as next month. In fact, J.P.

Digital Currency 117

Digital Currency Central Bank Stablecoins Cross-Border Payments 117

PYMNTS

NOVEMBER 27, 2019

Beau wants to use distributed ledger technology (DLT), and France is considering a central bank digital currency (CBDC). DLT would also help in terms of cross-border payments, he said. He said that “disorderly approaches and heterogeneous adaptations” could happen if the bank didn’t take decisive action.

Central Bank 94

Central Bank Digital Currency Distributed Ledger Technology (DLT) CBDC 94

Payments Source

OCTOBER 5, 2016

Cross-border payments are a complex and global system, so it's no surprise that modernizing this process would require a partnership that spans multiple continents and a relatively new and experimental technology.

Cross-Border Payments 85

Cross-Border Payments Cross-Border Blockchain Payments 85

PYMNTS

JUNE 17, 2020

For instance, Nikkei Asian Review recently reported that Chinese officials are mulling developing an “East Asia digital currency” in what might be a new front in the race among nations to issue fiat rendered in bits and bytes. The idea of creating a digital coin backed by a basket of multiple currencies isn’t actually new.

Digital Currency 89

Digital Currency Central Bank CBDC Deposit Account 89

Payments Dive

NOVEMBER 9, 2022

Central bank digital currencies would allow for faster cross-border payments that would “help boost trade within the region and with the rest of the world,” an Equinix executive writes.

CBDC 125

CBDC Cross-Border Payments Cross-Border Digital Currency 125

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are working on their own national digital currencies, some of which could launch in five to seven years.

Central Bank 142

Central Bank SWIFT Digital Currency CBDC 142

Fintech News

NOVEMBER 12, 2024

To address this, stakeholders including NETS Group and Liquid Group are working on interoperable QR payment solutions that are designed to simplify processes for merchants, Chia said. On the international front, cross-border payments have presented a different set of challenges.

FinTech 108

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 108

CB Insights

JULY 26, 2021

Visa, a digital payment network, has acquired Currencycloud , a cloud-based solution for cross-border payments. Currencycloud: UK-based Currencycloud is a cloud-based platform that offers a broad range of APIs enabling currency exchange service offerings from banks and financial services. Want the full post?

Cross-Border Payments 68

Cross-Border Payments Cross-Border Acquirers FinTech 68

CB Insights

MARCH 2, 2023

What is blockchain cross-border payment & CBDCs? Blockchain cross-border payments and central bank digital currencies (CBDCs) companies leverage blockchain and distributed ledger technology to help banks, financial institutions, and businesses move funds across multiple entities and countries in real time.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Blockchain Digital Currency 59

Payments Dive

JUNE 5, 2023

Central bank digital currencies, which are being tested around the world, could increase the efficiency of cross-border payments, but there are associated risks, according to a trade group report.

Risk 109

Risk Cross-Border Payments Cross-Border Digital Currency 109

Finextra

JUNE 4, 2024

The Bank for International Settlements (BIS) is launching Project Rialto to explore how instant cross-border payments could be improved using a modular foreign exchange component combined with settlement in wholesale central bank digital currencies (wCBDC).

Central Bank 98

Central Bank Settlement Cross-Border Payments Cross-Border 98

The Fintech Times

FEBRUARY 17, 2025

Bill Winters, group chief executive, Standard Chartered Bill Winters , group chief executive, Standard Chartered , said: Digital assets are here to stay and the development of different forms of tokenised money is integral to the advancement of this industry.

Stablecoins 104

Stablecoins Issuers Use Case Cross-Border Payments 104

The Payments Association

JANUARY 21, 2025

Will Marwick CEO, IFX Payments The Payments Report 2024 highlights the growing impact of digital currencies, particularly stablecoins, as transformative payment solutions. Looking ahead to 2025, the outcome of the US elections may further influence the adoption of crypto assets and digital currencies.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech News

MAY 8, 2024

Key topics addressed at Money20/20 Asia included AI, cross-border payments, open banking, digital assets, and Central Bank Digital Currencies (CBDCs). Morgan, which unveiled Project Carina , a blockchain-based initiative aimed at reducing cross-border payment times from 72 hours to just five minutes.

Returns 121

Returns Cross-Border Payments Cross-Border APACS 121

NFCW

DECEMBER 19, 2023

Chinese visitors will soon be able to use digital yuan for “tourist spending” in Singapore as part of a pilot to test the use of China’s central bank digital currency (CBDC) for cross-border payments.

Cross-Border 125

Cross-Border Cross-Border Payments CBDC Digital Currency 125

Payments Source

OCTOBER 31, 2017

The bank consortium is going directly after the business of its former partner Ripple in the middle of their legal battle over an option for digital currency worth $1 billion.

Cross-Border Payments 76

Cross-Border Payments Cross-Border Digital Currency Blockchain 76

Fintech News

JANUARY 21, 2025

Initiatives such as ASEAN payment connectivity between Thailand, Singapore, Malaysia, Indonesia and the Philippines, are enhancing economic integration and fostering regional trade by linking real-time payment systems. The initiative seeks to establish multilateral linkages of national retail payment systems.

Payment APIs and Integration 108

Payment APIs and Integration Finance Cross-Border API 108

Payments Dive

NOVEMBER 10, 2022

Researchers designed a prototype digital currency and blockchain and simulated foreign exchange spot transactions that cleared within 10 seconds, but they said the study doesn’t endorse a CBDC or assume the Fed will issue one.

CBDC 78

CBDC Fed Cross-Border Payments Cross-Border 78

The Fintech Times

MARCH 5, 2025

First Digital Labs is building a portfolio of stablecoins which are designed to meet the needs of global businesses and institutions to facilitate efficient and compliant global expansion, cross-border payments and trade settlements.

Stablecoins 64

Stablecoins Cross-Border Payments Multi-Currency Cross-Border 64

The Payments Association

MARCH 19, 2025

Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape. These innovations offer businesses and consumers a way to move money faster, cheaper, and more securely.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. .” That doesn’t mean digital currencies aren’t in the cards, however.

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

The Fintech Times

MARCH 3, 2025

In its new manifesto, ‘ Creating the Conditions to Support Growth and Innovation in Payments ‘, The Payments Association describes the 66 policies recommended by the 216 payments professionals working across financial crime, regulation, open banking, ESG, cross-border payments, digital currencies and financial inclusion.

Governance 59

Governance Government Financial Inclusion Consumer Protection 59