The Payments Association

JANUARY 15, 2025

Our previous experiments have shown that Swifts interlinking capabilities can connect CBDC platforms with existing systems as well as with each other.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

The Paypers

JUNE 18, 2025

Revolut has grown significantly since its inception, reaching 2,5 million customers in 2023 and increasing its annual revenue by 72% to GBP 3.1 The company is also aiming for worldwide expansion with ten banking licence applications in progress at the moment, while retaining its global headquarters in London. billion, while growing profits.

AI 41

AI CBDC Push-to-Card Digital Currency 41

The Paypers

JUNE 23, 2025

Legal documents from mid-2023 revealed discussions between Gabriel and a former FTX Foundation official about purchasing Nauru with funds from the now-defunct exchange. In past years, Nauru gained attention in the crypto space due to unrelated plans by Gabriel Bankman-Fried, brother of former FTX CEO Sam Bankman-Fried.

Regulations 59

Regulations Cross-Border CBDC Governance 59

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. However, a significant shift has occurred with the launch of Eurasia’s first CBDC cards in Kazakhstan, providing 20 million consumers with a new, tangible way to manage CBDC funds.

CBDC 131

CBDC Transactions Payment APIs and Integration Cross-Border 131

Fintech News

DECEMBER 20, 2023

In 2023, Singapore actively pursued key initiatives across various domains in the financial sector. Green finance takes center stage In 2023, MAS accelerated its efforts to foster green finance, enable reliable ESG data collection and sharing, and encourage sustainability initiatives.

FinTech 111

FinTech Cross-Border CBDC Web 3.0 111

Fintech News

OCTOBER 23, 2024

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

Central Bank 131

Central Bank CBDC Settlement Treasury 131

The Fintech Times

FEBRUARY 26, 2024

As of December 2023, 130 countries, representing 98 per cent of global GDP, were exploring central bank digital currencies (CBDCs) according to the Atlantic Council ‘s CBDC tracker. The Bank of Canada recently released a report finding widespread public skepticism toward a CBDC.

Cross-Border Payments 145

Cross-Border Payments Cross-Border Digital Currency Central Bank 145

PYMNTS

AUGUST 14, 2020

The goal, according to Brainard, is to assess potential risks associated with a proposed digital currency (also known as a central bank digital currency or CBDC) and its possible impact within payments. Legal issues include whether a CBDC would have status as legal tender.

Digital Currency 113

Digital Currency Fed Federal Reserve CBDC 113

Faster Payments Council

MARCH 15, 2023

This in-person event will take place on March 20-21, 2023, at the Loews Kansas City Hotel. The panel will explore some of these initiatives including the New York Fed's CBDC pilot program with major banks, the recently concluded Boston Fed's Project Hamilton and other global CBDC projects.

FPC 88

FPC ISO 20022 Federal Reserve Cross-Border Payments 88

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

Fintech News

JANUARY 23, 2024

CBDCs are ongoing research focus In 2023, the BIS Innovation Hub work programme completed 12 projects, with several more ongoing into 2024. Project Aurum , also from the Hong Kong Centre, has entered a new phase focused on the privacy aspects of retail CBDCs.

Innovation 124

Innovation CBDC Cross-Border Payments Finance 124

The Fintech Times

MAY 29, 2024

It’s important to note that the regulation of cryptocurrencies varies widely across the MEA region, with some countries banning or severely restricting their use, such as Nigeria, which has opted to promote its own CBDC, the eNaira. CBDC overview across the MEA region in 2024 But why are so many countries adopting CBDC initiatives?

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

The Paypers

JUNE 5, 2023

The possibility of adopting central bank digital currencies (CBDCs) is being explored by countries worldwide, including the US. However, according to the Cato Institute 2023 CBDC National Survey, a mere 16% of Americans support the adoption of a CBDC.

Digital Currency 81

Digital Currency Central Bank CBDC Government 81

The Fintech Times

JUNE 19, 2024

The decision also aligns with the UAE’s Financial Infrastructure Transformation (FIT) programme, which it launched in February 2023 to make the nation more competitive and ultimately become a financial and digital payment hub. ” Enabling innovation and a future CBDC? . ” Enabling innovation and a future CBDC?

CBDC 69

CBDC Stablecoins Regulations Disputes 69

PYMNTS

AUGUST 21, 2020

As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. China has been at the forefront of those efforts, at least as measured in terms of debuting an actual CBDC, and is in the midst of testing its digital yuan in various settings.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

Clearly Payments

AUGUST 29, 2024

This article covers what CBDCs are, how they have evolved until 2024, their impact on payments, and the future they could shape. What Are CBDCs? A Central Bank Digital Currency (CBDC) is a digital form built on blockchain technology of a country’s fiat currency issued and regulated by the central bank.

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

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.

Digital Currency 111

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. Further building on the green finance collaboration, the China-Singapore Green Finance Task Force (GFTF) held its inaugural meeting in April 2023.

Cross-Border Payments 141

Cross-Border Payments Cross-Border CBDC Payments 141

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

APACS 133

APACS Regulations Stablecoins Cryptocurrency 133

The Paypers

DECEMBER 22, 2023

The first cross-border settlement for precious metals using the digital yuan CBDC, known as e-CNY, was completed on 20 December 2023.

Cross-Border 67

Cross-Border Cross-Border Settlement CBDC Transactions 67

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

Finovate

DECEMBER 22, 2023

Our final Finovate Global column of 2023 celebrates the conversations we’ve had this year with fintech innovators from around the world. EMTECH, a company that provides infrastructure for central banks, provided a CBDC hackathon as part of a pilot project with the Bank of Ghana.

Financial Inclusion 64

Financial Inclusion Automation AI Financial Crimes 64

The Fintech Times

AUGUST 6, 2024

Thailand’s National Economic and Social Development Plan 2023–2027 (NESCD) aims to transform Thailand into a circular economy (CE) and a low-carbon society. Key developments for fintech in Thailand Thailand’s fintech ecosystem boasted over $28billion in assets under management (AUM) in 2023.

FinTech 116

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

Fintech News

FEBRUARY 28, 2024

Source: The Pulse of Crypto Singapore Report This figure not only represents a significant uptick from previous reports, such as the 38% ownership rate identified by the C|T Group in March 2023, but it also underscores a robust and growing acceptance of cryptocurrency as a viable alternative investment among the financially savvy in Singapore.

Cryptocurrency 126

Cryptocurrency Stablecoins Digital Currency Regulations 126

The Paypers

OCTOBER 5, 2022

The European Commission has announced they will propose the legislation for the digital euro to be introduced as a CBDC issued by ECB in 2023.

CBDC 36

CBDC 36

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%.

Payments Trends 122

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

Fintech News

MARCH 5, 2024

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

APACS 111

APACS Embedded Finance Financial Inclusion CBDC 111

Fintech Finance

JULY 4, 2024

Offline payment functionality offers benefits for all stakeholders in the financial industry As a BIS study from 2023 underlines, offline functionality is also a necessity for a Central Bank Digital Currency (CBDC), which is currently being explored by numerous central banks worldwide.

Digital Payments 98

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

Clearly Payments

FEBRUARY 19, 2024

The US payment processing market boasts an annual value exceeding $2 trillion in 2023. million active businesses as of 2023, according to the US Census Bureau. In 2023, the USA GDP was $26.2 In 2023, total retail sales in the US surged to approximately $7.2 trillion in revenue in 2023. There are 30.7

Process 102

Process Digital Currency Online and Mobile Banking Payments 102

Fintech News

MARCH 5, 2024

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

APACS 98

APACS Embedded Finance Financial Inclusion CBDC 98

Clearly Payments

JANUARY 25, 2024

We’ll examine the latest data from Clearly Payments, other sources, and the Statistics Canada survey conducted in 2023. billion in 2023, foreseeing a Compound Annual Growth Rate (CAGR) surpassing 6% until 2026. Credit unions have more than tripled their market share since 1982 and held 13% of consumers in 2023.

Process 105

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

Open Banking Excellence

MAY 2, 2024

In October 2023, Prime Minister Irakli Garibashvili spoke at the fourth national Silk Road Forum – an international event focusing on trade and connectivity attended by 2,000 delegates from 63 foreign states. We have an Open Banking and Open Finance movement already, as well as CBDC concepts moving to the pilot stage.

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

The Paypers

SEPTEMBER 26, 2022

The Reserve Bank of Australia (RBA) has announced plans to identify business models and uses for a central bank digital currency, or eAUD, and is likely to conduct a pilot early in 2023.

CBDC 36

CBDC Digital Currency Central Bank 36

The Fintech Times

AUGUST 19, 2024

The Hong Kong Science and Technology Park In 2023, an estimated 800 fintechs called Hong Kong home, 180 more than five years prior. Completion of the first phase of the e-HKD Pilot Programme in October 2023 by studying domestic retail use cases in various areas such as programmable payments, offline payments and tokenised deposits.

FinTech 72

FinTech SARS Central Bank Cross-Border 72

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.

Digital Currency 40

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

The Payments Association

OCTOBER 14, 2024

The surge in switching: Key drivers Between October and December 2023, CASS facilitated 433,701 switches, marking the highest quarterly total since it was launched over ten years ago. For example, Nationwide’s £200 incentive in late 2023 led to a record 163,000 new customers in just a few months.

Accounts 88

Accounts Consumer Online and Mobile Banking Multi-Currency 88

Fintech News

JANUARY 9, 2024

Throughout 2023, there was a remarkable surge of interest and investment in AI and ML, both within and beyond the financial industry, and the IDC projects that at current growth rates, artificial intelligence spending in APAC will grow to US$78.4 billion in the first half of 2023. billion by 2027.

APACS 114

APACS FinTech Digital Currency Blockchain 114