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The Journey of Payments and Clearing Systems in India

Finextra

Post-Independence (1947 - 1990s): Building the Foundation After independence, India focused on strengthening its financial infrastructure and extending banking services. Nationalization of Banks (1969, 1980): A major policy shift aimed at increasing financial inclusion and directing credit to priority sectors.

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Fintech in the Caucasus: Armenia, Azerbaijan & Georgia

The Fintech Times

Armenia is also exploring blockchain and cryptocurrency, with substantial investments in crypto mining and ongoing discussions about developing a central bank digital currency ( CBDC ). Despite these advancements, challenges such as financial inclusion remain. By 2027, analysts expect the figure to nearly double to $2.2billion.

FinTech 69
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Brazil Could Lead The Way On Central Bank Digital Currencies With 2022 Rollout

PYMNTS

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. We think we will have it in 2022.”. CBDC trials already underway in China are reportedly looking at smaller retail payments.

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FPC 2022 Fall Member Meeting

Faster Payments Council

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.

FPC 88
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India’s Rise in Fintech: How Digital Payment Infrastructure is Shaping Economic Growth

The Fintech Times

Accelerating financial inclusion Though demonetisation was abrupt, it accelerated digitalisation in India, with a significant impact on financial inclusion. Digital payment transactions have also surged, growing by 76 per cent in volume and 91 per cent in value by 2022. billion transactions.

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Stablecoins in Asia Are Stably Reducing Dependency on USD

Fintech News

This trend highlights efforts to enhance monetary sovereignty, boost financial inclusion, and modernise payment systems in an increasingly digital world. Similarly, the Philippine central bank has launched a peso stablecoin pilot to explore its potential for financial inclusion and cross-border remittances.

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5 Top Payment Trends Impacting Asia in 2024

Fintech News

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%.