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). The Foundation Track focused on testing CBDC’s core functionalities, open access feasibility, and potential as an alternative payment infrastructure.

CBDC 123

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 123

PYMNTS

DECEMBER 30, 2019

The Reserve Bank of India (RBI) has made some payment moves to boost the National Electronic Toll Collection (NETC) in the country, according to the Business Standard. . RBI added that the payments will be treated just like regular ones in terms of resolving transactions that didn’t go through.

Non-Bank 52

Non-Bank Payments Interoperability ATM 52

Fintech Finance

JULY 10, 2024

AFFIN Group (“AFFIN” or “the Group”) today announced a partnership with ACI Worldwide , a global leader in mission-critical, real-time payments software, to modernise the Bank’s real-time payment capabilities. It will enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards.

ISO 20022 98

ISO 20022 Real Time Payments ISOs Payments 98

Fintech Finance

FEBRUARY 6, 2024

Currently, domestic card transactions are routed through international payment gateways. “The establishment of National Payment Switch (NPS) infrastructure and rollout of NEPALPAY card is expected to become a significant stride in Nepal to reform and consolidate the entire payment ecosystem. .”

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

Fintech News

SEPTEMBER 17, 2024

The report highlights the role of regulatory , such as interchange fee caps and the promotion of pay-by-bank alternatives, in reducing merchant costs and interventions enhancing competition within the payment market. of total payment value in 2023. of all transactions and 29.5%

APACS 106

APACS Regulations Caps Real Time Payments 106

PYMNTS

OCTOBER 15, 2019

The Reserve Bank of India (RBI) has set forth guidelines for “on tap” authorization for various payment systems, including the Bharat Bill Payment Operating Unit (BBPOU), Trade Receivables Discounting System (TReDS) and White Label ATMs (WLAs). White-Label ATMs are facilitated by non-banking organizations.

ATM 43

ATM Non-Bank Authorization Interoperability 43

PYMNTS

MARCH 17, 2016

Payment and banking solutions technology provider ACI Worldwide said on Wednesday (March 16) that it is linking up with Verifone, which provides payments and commerce solutions, to deliver what the two firms said is a “comprehensive pan-European card payments platform” tailored to Auchan Group, which is among the biggest food retailers in Europe.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Non-Bank Payments 40