Fintech Finance

NOVEMBER 7, 2024

Retailers will also benefit from same-day settlement in local currencies like EUR, GBP, USD, and CHF, ensuring a smooth, risk-free integration. With the increasing demand for alternative payment methods, Lunu Pay is at the forefront of enabling retailers to adapt to the rapidly evolving digital economy.

Alternative Payment Methods 98

Alternative Payment Methods Digital Currency Cryptocurrency Payments 98

PYMNTS

SEPTEMBER 9, 2020

Mastercard has announced a new 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 while maintaining financial stability as they issue the currency. In a Wednesday (Sept.

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Central Bank Digital Currency Visa CBDC 132

Fintech News

NOVEMBER 3, 2024

The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs).

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Cross-Border Cross-Border Payments Central Bank Settlement 123

Fintech News

OCTOBER 31, 2024

Founded in 2021, Partior utilizes blockchain technology to transform clearing and settlement, and redefine the way value moves globally. Triple-A is a digital currency payment institution that allows businesses to pay and get paid in both traditional and digital currencies, volatility-free.

Cross-Border Payments 133

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 133

PYMNTS

NOVEMBER 15, 2020

Bank of England Deputy Governor Jon Cunliffe said it isn't his job to shield banks from the coming shift to digital currencies, Reuters reported. Andrew Bailey , governor of the BoE, said over the summer that the BoE is closely examining how the idea of a digital currency would work.

Digital Currency 103

Digital Currency Real Time Gross Settlement (RTGS) Cross-Border Settlement 103

Fintech Review

NOVEMBER 20, 2024

Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally. Let’s dive in. Our SOE works the same way.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Multi-Currency FinTech 115

PYMNTS

OCTOBER 9, 2020

The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. . The People’s Bank of China (PBOC) is already testing the renminbi, a digital currency it says will extend the yuan’s worldwide reach.

Digital Currency 104

Digital Currency Central Bank Fed Federal Reserve 104

PYMNTS

OCTOBER 19, 2020

19) on the bank’s potential rollout of a digital currency. Powell warned of potential downsides to the launch of a digital currency that need to be considered, arguing that the first priority should be to “get it right than to be the first,” Reuters reported. The Fed chief, noting that the U.S.

Digital Currency 108

Digital Currency Central Bank Fed Federal Reserve 108

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

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

MARCH 27, 2024

Global travel payment orchestration platform FinMont has partnered with Triple-A to integrate digital currency payments into its ecosystem. Triple-A’s digital payment solutions allow businesses to pay and get paid in digital currencies, anytime, anywhere, without the need to hold or convert digital currencies.

Digital Currency 109

Digital Currency Cross-Border Payments B2C 109

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo!

Central Bank 94

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

Finextra

NOVEMBER 26, 2024

A group of seven central banks (Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Board of Governors of the Federal Reserve System, Sveriges Riksbank and the Swiss National Bank) together with the Bank for International Settlements, have been working together to explore selected aspects of central bank digital currencies (..)

Central Bank 85

Central Bank Digital Currency Legal Federal Reserve 85

Fintech Finance

NOVEMBER 5, 2024

This initiative would enable digital assets transactions to settle with fiat payment systems across more than 11,500 financial institutions, across over 200 countries and territories.

SWIFT 100

SWIFT Innovation Digital Currency Blockchain 100

PYMNTS

MAY 21, 2020

Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. The company wrote in the document that under the system, users could “hold digital currency with the same denomination as the local physical currency (e.g., $100

Digital Currency 97

Digital Currency Central Bank CBDC Federal Reserve 97

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. It seems, then, that battle lines of sorts are being drawn around digital currencies.

Digital Currency 89

Digital Currency Central Bank CBDC Deposit Account 89

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 87

Digital Currency Central Bank CBDC Instant Payments 87

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

PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). A wholesale CBDC could be used to boost payments and securities settlement efficiency, as well as to reduce counterparty credit and liquidity risks, he said, according to CoinDesk. “[A

Central Bank 76

Central Bank Digital Currency CBDC Liquidity Risk 76

The Fintech Times

NOVEMBER 8, 2024

The solution, dubbed UBS Digital Cash, aims to increase the transparency and security of cross-border payments with blockchain-based payments. Cross-border payments often lead to delayed settlements, creating a fragmented view of liquidity positions for companies.

Cross-Border 59

Cross-Border Cross-Border Payments Payment Solutions Blockchain 59

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.

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Central Bank SWIFT Digital Currency CBDC 142

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. The Federal Reserve Bank has been exploring a digital currency.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

Finextra

FEBRUARY 7, 2024

The metaverse could place new demands on payment services that may be better met by central bank digital currencies and retail faster payment systems than by crypto, according to a Bank for International Settlements report.

Metaverse 130

Metaverse On-Demand Digital Currency Central Bank 130

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 131

Central Bank CBDC Settlement Treasury 131

Tearsheet

FEBRUARY 27, 2025

In late 2020, PayPal took its first crypto leap, letting users buy, sell, and hold select digital currencies within their accounts. We take a closer look at PayPals crypto evolution, its applications, and the trade-offs that come with digital currency transactions. PYUSD is now on both Ethereum and Solana.

PayPal 72

PayPal Payments Privacy Digital Currency 72

PYMNTS

DECEMBER 27, 2020

Japan might look into launching its own central bank digital currency (CBDC) in both the public and private sectors, according to a report from Japan Times. The exchange will close trading services on Jan. 10, 2021 at 1 p.m., and the anticipated hard shutdown will take place Jan. 29, 2021, the blog says.

CBDC 101

CBDC Bitcoin Digital Currency Cryptocurrency 101

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 107

Cross-Border Payments Cross-Border CBDC Settlement 107

PYMNTS

JANUARY 19, 2021

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. A statement from the bank said the pilot involved a settlement on a private blockchain, which U.K. million), per CoinDesk. million), per CoinDesk.

CBDC 130

CBDC Interbank Settlement Settlement Central Bank 130

PYMNTS

SEPTEMBER 25, 2020

Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Her speech, entitled “Payment and the Pandemic,” included a section on digital currencies.

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Fed Federal Reserve Digital Currency Central Bank 132

Fintech Finance

MAY 23, 2024

Reltime , a leading innovator in blockchain and Web3 technology, is thrilled to announce the launch of its state-of-the-art Global Payment Gateway (GW), designed to empower merchants and shops worldwide to accept payments from all popular digital currencies. Digital USD/EUR, Bitcoin, Ethereum, etc.

Digital Currency 59

Digital Currency Payment Gateways Multi-Currency Gateways 59

PYMNTS

JULY 30, 2020

s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp and modernize what is known as the Real-Time Gross Settlement (RTGS) service, which handles daily transactions worth more than $895 million between large financial institutions (FIs). s central bank is weighing whether to launch a digital currency.

Real Time Gross Settlement (RTGS) 63

Real Time Gross Settlement (RTGS) Digital Currency Central Bank CBDC 63

PYMNTS

DECEMBER 6, 2020

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. 4), Corbat said the development of such digital currencies was likely inevitable with the way money has been trending. “As

CBDC 114

CBDC Digital Currency Central Bank Governance 114

Fintech News

NOVEMBER 12, 2024

To address these issues, countries part of the Association of Southeast Asian Nations (ASEAN) joined hand with the Bank for International Settlements (BIS) Innovation Hub to collaborate on Project Nexus.

FinTech 109

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 109

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. 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 57

Central Bank Digital Currency CBDC Settlement 57

PYMNTS

FEBRUARY 25, 2020

The Central Bank of Canada said that while it will not be issuing a digital currency anytime soon, it will still develop a blueprint in case a pressing need becomes apparent, according to a report by Bloomberg. The country’s central bank is looking at the various features and requirements involved in setting up a digital currency.

Digital Currency 53

Digital Currency CBDC Central Bank Settlement 53

Fintech News

FEBRUARY 2, 2025

Inspired by the “Finternet” concept introduced by the Bank for International Settlements (BIS) in April 2024, the Pathway 2035 guide explores four transformative themes shaping the financial landscape: artificial intelligence (AI), digital assets, digital trust and quantum-safe technologies.

Innovation 132

Innovation Finance AI Encryption 132

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 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113