Remove Financial Inclusion Remove Interoperability Remove Participant
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Project mBridge Reaches MVP Stage, Expands International Participation

The Fintech Times

The platform now invites further international participation and private sector proposals for value-added solutions. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing. In 2022, a pilot involving real-value transactions demonstrated the platform’s capabilities.

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The Rise of Decentralised Finance (DeFi) Platforms in Emerging Markets

Fintech Review

By leveraging cryptocurrencies and smart contracts, DeFi circumvents barriers such as geographic limitations and bureaucratic hurdles, thereby empowering users to actively participate in global financial markets. Interoperability with traditional financial systems presents another significant hurdle.

Finance 97
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Interledger Commits $4Million to Remove Financial Roadblock to Implementing Instant Payments

The Fintech Times

The Interledger Foundation , an organisation building and advocating for an open, interoperable payment network, is introducing a new initiative to fund fintechs that leverage its Interledger Protocol (ILP) to bring payment capabilities to emerging markets and underserved populations.

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Open Banking Excellence (OBE) Launches First of its Kind Open Banking in a Box Programme to Drive UK Ecosystem Expansion Abroad

Open Banking Excellence

With the UK government continuing to support the UK’s broader fintech environment and promote open banking innovation, Open Banking in a Box will champion the UK’s world-leading open banking standards and make the case for greater cross-border interoperability that will benefit UK PLC and support financial inclusion globally.

Use Case 130
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Mastercard And The Future Of Financial Inclusion

PYMNTS

One of them is that too many people in the world are denied access to banking and financial services of any kind. That this lack of financial inclusion excludes them from participating in most of the payments and commerce activities that most of those reading this take for granted. The second?

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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

Commercial bank participants, through their own instances of UDPN Business Nodes, can actively engage in various activities, such as CBDC issuance (for issuing banks), wallet creation, linking wallets to bank accounts and KYC systems, fiat-CBDC exchange, AML/CFT compliance, and initiation of CBDC transfers, swaps, and settlement.

CBDC 109
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Nepal Clearing House Taps ACI Worldwide to Pioneer Card Payment Central Infrastructure

Fintech Finance

” 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. Currently, domestic card transactions are routed through international payment gateways. .”