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Kazakhstan Sets Open API-Driven Strategy Towards 2025 Goal

Open Banking Excellence

Kazakhstan Sets Open API-Driven Strategy Towards 2025 Goal Open Banking stands at a critical juncture in early 2024 with markets both big and small set to start or continue their journeys. Regulator-led Pilot Focused on Open API Infrastructure Our pilot launched on Nov.

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Swift Invites Fintech Pioneers to Join AI-Based Cross-Border Innovation Challenge

Fintech News

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. Registration is now open until 15 January 2024. The competition is divided into two primary areas.

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UK Finance Taps R3 and Quant for Blockchain Prototype to Advance Digital Payments Infrastructure

The Fintech Times

The creators envision the UK RLN as a unified ‘innovation platform,’ integrating various currency forms like current commercial bank deposits and a shared ledger for tokenized commercial bank deposits. This strategic choice highlights their complementary methods in achieving interoperability as well as seamless integration.

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Damen Partners With BKN301 to Implement NFC Payments Into Digital Wallet for Bills

The Fintech Times

Middle Eastern electronic payment company, Damen , and BKN301 Group , the London-based digital payments and Banking-as-a-Service provider for the MENA region, have joined forces to implement a new feature for paying gas bills using NFC technology into the ‘Damen Cash’ app. per cent from 2024 to 2029.

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Datapro and Mastercard Join Forces to Expand Opportunities for Cross-Border Payments in Latin America

Fintech Finance

Datapro , a leading provider of core banking systems and digital solutions, recently collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions.

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How OpenWay’s Way4 Enabled the First CBDC Card Transaction in Eurasia

Fintech News

It was a contactless payment on POS using a card issued by Eurasian Bank JSC on the Way4 digital payments software system. The regulator decided to issue and redeem Digital Tenge centrally and allow reputable market participants to facilitate CBDC workflows related to accounts, cards, and payments.

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Tink Joins European Payments Council’s SPAA Scheme

The Fintech Times

Payment services and data enrichment platform Tink has joined the SEPA Payment Account Access (SPAA) scheme, which aims to transform account-to-account (A2A) payments in the EU. It has entered the official register to become one of the first participants of the European Payments Council ’s newly launched SPAA scheme.