NFCW

JANUARY 22, 2024

Google Pay is to take India’s Unified Payments Interface (UPI) real-time payments system to other countries after signing a deal with the service’s manager, National Payments Corporation of India (NPCI). NPCI is the umbrella organization for operating retail payments and settlement systems in India.

Cross-Border 79

Cross-Border Interoperability Real Time Payments International Payments 79

Fintech Finance

FEBRUARY 6, 2024

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

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

Fintech News

MAY 8, 2024

The country’s latest milestone, the Thailand Retail CBDC (RCBDC) Pilot Programme, marks a significant step forward in understanding the implications of a digital currency for the Thai economy. Transactions tested included retail transfers among individuals and retail payments with merchants for purchasing goods and services.

CBDC 120

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 120

PYMNTS

NOVEMBER 15, 2017

Many of the newer services in the payments ecosystem do not (yet) have real-time settlement infrastructure in place. Said the Fed’s Theien, the institution has done “quite a lot of work … looking to enhance settlements.” The Fed will consider offering extended services that can support a directory environment. .

Fed 44

Fed Faster Payments Federal Reserve ISO 20022 44

Fintech News

SEPTEMBER 17, 2024

It also explores the increasing adoption of real-time payments, which many countries are embracing as a more efficient and cost-effective alternative to traditional card payments. In some countries, usage of pay-by-bank solutions has grown dramatically, surpassing the share of cards for retail payments in-store and online.

APACS 102

APACS Regulations Caps Real Time Payments 102

Fintech News

DECEMBER 20, 2023

Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability.

FinTech 101

FinTech Cross-Border CBDC Central Bank 101

PYMNTS

APRIL 14, 2017

“To the extent that a payment rail allows others to innovate, it does support innovation,” said Estep. The ACH network also has evolved and is innovative relative to now having settlements in bank accounts” twice daily, which can be seen as an “internal type of innovation.”.

ACH Network 42

ACH Network ACH Payments ISO 20022 42