Agreements Real Time Gross Settlement (RTGS) Settlement 
PYMNTS
JUNE 27, 2018
The Bank of England caught the financial services world’s attention when its Governor, Mark Carney, spoke about the central bank’s latest initiative to revamp and rebuild its real-time gross settlement (RTGS) system.
PYMNTS
DECEMBER 14, 2017
In India, Axis Bank launched a blockchain-powered global payment service, developed using Ripple’s real-time gross settlement (RTGS) solution, to facilitate payments between businesses in Southeast Asia and the Middle East. Retail customers can now use the service to receive payments from the UAE’s RAKBANK.
The Payments Association
APRIL 14, 2025
Institutions that are not fully prepared risk being locked out of clearing and settlement infrastructure, impacting both operational resilience and client service delivery. Businesses may need to adjust pricing models, renegotiate merchant agreements, and prepare systems to accommodate potential fee structure changes.
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