The Paypers

AUGUST 23, 2021

The Bank of Thailand (BOT) has announced plans following a recent study to begin testing a Retail Central Bank Digital Currency (Retail CBDC) in the second quarter of 2022.

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Digital Currency CBDC Bots Central Bank 74

Faster Payments Council

SEPTEMBER 12, 2022

This in-person event will take place on September 14-15, 2022 at the Delta Hotels Minneapolis Northeast in Minneapolis, MN. The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

NFCW

APRIL 11, 2024

Taxi drivers taking part in the SoftPOS pilot use the bank’s e-yuan central bank digital currency (CBDC) app to enter the amount of a fare, Yicai Global reports. “Testing of the two-step contactless payment solution on Bank of China’s e-yuan app began in Shenzhen taxis last month,” the report says.

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Digital Currency Central Bank CBDC Contactless Payments 128

Fintech News

DECEMBER 11, 2023

Cambodia is implementing new initiatives to expand payment options for tourists by cementing blockchain-based central bank digital currency (CBDC) partnerships. Firstly, the central bank has enabled tourists to use their e-wallets linked to Khmer Riel bank accounts, to make payments at any KHQR merchant in Cambodia.

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Digital Currency Blockchain CBDC Central Bank 111

Fintech News

DECEMBER 6, 2023

Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This follows the success of a similar link established between SGX and the Shenzhen Stock Exchange (SZSE) in 2022.

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Cross-Border Payments Cross-Border CBDC Payments 141

PYMNTS

APRIL 24, 2020

China is the first country to launch a central bank digital currency (CBDC) or digital currency electronic payment (DCEP). The digital yuan is structured using a central bank-issued CBDC for commercial banks and a commercial bank-issued CBDC focused on the public.

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CBDC Digital Currency Stablecoins Central Bank 83

The Fintech Times

AUGUST 6, 2024

Over 94 per cent of Thai consumers have used digital systems to pay for services, with the most used method being digital wallets, according to Mastercard’s New Payments Index 2022. In 2022, there were 268 fintech firms in Thailand. Supporting startups Thailand is also investing significant resources into its wider startup ecosystem.

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FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

The Paypers

JANUARY 17, 2022

The Caribbean country officials have mentioned they expect a nationwide CBDC rollout by the end of the Q1 2022 after a successfully conducted pilot test in early January 2022.

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CBDC 36

Clearly Payments

AUGUST 24, 2024

According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023. Zelle, a service primarily used for bank-to-bank transfers, saw its transaction volume surpass $629 billion in 2023, marking a 28% increase from 2022.

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Debit Card P2P Cross-Border Central Bank 105

Fintech News

DECEMBER 20, 2023

Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots. billion raised during the same period the prior year, the data show.

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FinTech Cross-Border CBDC Web 3.0 111

PYMNTS

SEPTEMBER 11, 2020

In separate news, Brazil is reportedly aiming to roll out a central bank digital currency (CBDC) by 2022 to help digitize payments. Vélez explained in a previous PYMNTS feature story how the bank makes safe and easy-to-access digital experiences as well as why COVID-19 is fueling even more dependence on debit payments.

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Online and Mobile Banking FinTech Central Bank CBDC 86

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024. billion by 2033, with a CAGR of 12.2%.

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Payments Trends Digital Currency Distributed Ledger Technology (DLT) Cross-Border Payments 122

Fintech News

FEBRUARY 27, 2024

The Reserve Bank of Australia (RBA) also played a crucial role by exploring the concept of retail and wholesale Central Bank Digital Currencies (CBDC) through its eAUD pilot programme , which focused on a wide array of use cases and essential legal aspects. This development followed the 2022 collapse of Terra.

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APACS Regulations Stablecoins Cryptocurrency 133

The Fintech Times

OCTOBER 25, 2024

Digital payment transactions have also surged, growing by 76 per cent in volume and 91 per cent in value by 2022. India’s fintech market reached $584 billion in 2022, with projections showing it could grow to $1.5trillion by 2025. India’s digital lending market reached $270billion in 2022 and likely grew to $350billion last year.

Digital Payments 59

Digital Payments FinTech Online and Mobile Banking Financial Inclusion 59

PYMNTS

JULY 30, 2020

The new system, slated to debut in 2022, will also have the capability to handle a central bank digital currency (CBDC), such as a digital pound, CoinDesk reports. A digital currency could be later layered onto the revamped system if and when the BoE chooses to do so, the news site reported.

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

The Fintech Times

JUNE 6, 2024

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). Several commercial banks have already started using the mBridge platform to facilitate cross-border CBDC payments among participating jurisdictions.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 45

Fintech News

JANUARY 9, 2024

It is only a matter of time before consumer e-commerce applications built around CBDCs become available to the public. Furthermore, many APAC governments and central banks are actively exploring CBDC and blockchain-based digital identity frameworks. billion in the first half of 2022 to US$5.1 billion in the first half of 2023.

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APACS FinTech Digital Currency Blockchain 114

The Paypers

FEBRUARY 22, 2021

A trial of central bank digital currency in Sweden is to be extended for another year to 2021, in a bid to better understand the benefits and implications of a wider roll-out.

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CBDC Digital Currency Central Bank 28

CoinRemitter

FEBRUARY 9, 2024

If CBDCs go mainstream, they can dominate the world of digital payments. However, CBDC payments cannot be as anonymous as crypto payments. Central Bank Digital Currency Launches So Far The first CBDC launch happened in 2020, which was DCash by The Central Bank of The Bahama.

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Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT) 40

The Fintech Times

APRIL 23, 2024

This collaboration underscores their ongoing partnership, which began with the signing of an agreement in January 2022. The gateway launch also follows successful endeavours such as the central bank digital currency (CBDC) trial in December 2023 and an agreement to enable JCB acceptance for all HLB merchants.

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Payment Gateways Gateways Payment APIs and Integration Cross-Border Payments 59

Fintech News

DECEMBER 13, 2024

The implosion of the TerraUSD stablecoin in May 2022, which was designed to maintain a USD$1 peg through an algorithm and a linked token called Luna, led to a massive sell-off that shook the cryptocurrency market. Finally, stablecoins face competition from CBDCs, as many governments prioritise CBDC development over private stablecoins.

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Stablecoins Cross-Border Cross-Border Payments Caps 111

Fintech News

AUGUST 13, 2024

The region is leading the way with initiatives such as real-time cross-border payment linkages and the exploration of multi-central bank digital currency (CBDC) settlements. A key focus of Yip’s presentation was Project Nexus, a flagship initiative led by the BIS.

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Cross-Border Payments Cross-Border Payments Instant Payments 128

The Fintech Times

SEPTEMBER 30, 2024

In 2022, Japan’s cashless payments proportion sat at 36 per cent (rising from 21.3 While QR payment transaction volume was close to nil in 2018, the payment method ballooned to over $50billion by 2022. Much of the population remains conservative and this is also reflected in its financial preferences.

FinTech 59

FinTech Digital Currency Central Bank Economy 59

Fintech Finance

APRIL 22, 2024

This is a significant milestone in the strategic partnership between Soft Space and JCB, which was signed in January 2022, and follows their successful central bank digital currency (CBDC) trial in December 2023, as well as the recent agreement to enable JCB acceptance for all HLB merchants.

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Payment Gateways Gateways Payment APIs and Integration SDN 52

The Fintech Times

AUGUST 19, 2024

In 2022, one-third of Asia’s international sustainable bond issuances were arranged in Hong Kong (Asia’s leading city in this category ). Some of the world’s largest banks and financial institutions originate from the city, including HSBC (its acronym, after all, stands for ‘Hong Kong Shanghai Banking Corporation’).

FinTech 72

FinTech SARS Central Bank Cross-Border 72

PYMNTS

JANUARY 14, 2021

The country is currently in the development phase of the central bank digital currency (CBDC), with the report noting that Sweden is set to decide by November 2022 whether to pursue the technology. Banks are raising concerns that adoption of the eKrona could lead to mass withdrawals of funds in deposit accounts.

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RTP Real Time Payments Payment APIs and Integration Digital Currency 62

The Fintech Times

SEPTEMBER 10, 2024

Its 2022-2025 Fintech Development Plan sets out to build a ‘digitalised, intelligent, green and fair’ fintech sector, focusing on eight key objectives, including the development of digital infrastructure and enhanced fintech governance. The government has also been proactive in supporting fintech growth.

FinTech 59

FinTech Online and Mobile Banking Digital Currency Economy 59

Clearly Payments

JANUARY 25, 2024

for the 2022-2027 period. Additionally, the Bank of Canada’s active research and experimentation with a potential Central Bank Digital Currency (CBDC), a digital version of the Canadian dollar, further underscore the evolving nature of the Canadian digital currency market. GlobalData places the value at $744.8

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Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 105

Clearly Payments

JANUARY 4, 2024

Key statistics shed light on the current state of cryptocurrency adoption: Cryptocurrency payments made up just 0.16% of the global e-commerce transaction value in 2022. Certain sectors, including travel, digital goods, and entertainment, stand out as leaders in adopting cryptocurrency payments.

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Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

The Fintech Times

DECEMBER 7, 2023

The buzz surrounding artificial intelligence ( AI ) has grown exponentially throughout 2022 and 2023, and the early signs are that this trend will continue into next year. How a CBDC will look in the beginning is not how it’s going to look in the end. Money evolves – so we have to evolve with it.”

FinTech 59

FinTech AI CBDC Risk 59

The Payments Association

OCTOBER 14, 2024

Examining the data The latest figures from CASS indicate that between 1 October 2022 and 30 September 2023, there were 1,399,571 switches. In Q3 2023, there were 344,195 switches, a rise from 222,108 in Q3 2022. More recent data from KPMG in 2022 found that 62% of surveyed UK had one or more bank accounts, while 19% had three.

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Accounts Consumer Online and Mobile Banking Multi-Currency 88

Fintech Finance

MAY 23, 2024

The number of cryptocurrency owners grew by 39% in 2022, and as analysts predict, the global crypto community is expected to hit 1 billion users during 2024. With over $500 million processed in crypto monthly and an estimated 1 million transactions per month, the adoption of crypto payments is accelerating.

Digital Currency 59

Digital Currency Payment Gateways Multi-Currency Gateways 59

Fintech News

OCTOBER 28, 2024

Since the launch in November 2022, the APIs has partnered with a total of six digital platforms, availing financial services to over one million MSMEs in seven markets across procurement, supply chain, delivery, fintech, payment services and e-commerce sectors.

AI 110

AI FinTech Innovation Payment APIs and Integration 110

Finovate

MARCH 15, 2024

Founded in 2022, the company offers a multi-bank platform that helps businesses lower costs, reduce errors, and boost security in their financial and payment operations. A two-time Finovate Best of Show winner, Tink was acquired by Visa in 2022 for $2 billion. million and the twelfth largest economy as measured by GDP.

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Central Bank Payment Service Provider (PSP) Non-Bank Settlement 52

Fintech News

MAY 8, 2024

Thailand, under the guidance of the Bank of Thailand (BOT) , has been at the forefront of this movement, continuously studying and testing the feasibility of a Retail CBDC since 2018. The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

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CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 126

Tearsheet

FEBRUARY 8, 2024

While many countries worldwide are exploring the potential of Central Bank Digital Currency (CBDC), China continues to expand its e-CNY in the market. China introduced its CBDC to the world at the Olympic Games in February 2022. In the US, the CBDC would be a third form of the US Dollar after paper and coins.

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CBDC Digital Currency Federal Reserve Privacy 59

Finovate

JANUARY 31, 2024

progress on CBDCs lagging other nations Former President Donald Trump said recently that he would “never allow the creation of a central bank digital currency (CBDC).” created CBDC has plenty of issues – even without the antipathy of the once (and maybe future) U.S. .” Report: U.S. The effort in the U.K.

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CBDC PayPal Cryptocurrency Interbank Settlement 64