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 could lead to more secure, convenient, and cost-effective cross-border payments and remittances.

Cross-Border Payments 141

Cross-Border Payments Cross-Border CBDC Payments 141

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

JANUARY 9, 2025

Distributing transaction validation responsibilities across network nodes reduced reliance on central authorities, enhancing resilience and operational efficiency. Corda leveraged a notary system for transaction validation, while Hyperledger Besu used a proof-of-authority consensus mechanism to ensure robust processing.

Distributed Ledger Technology (DLT) 127

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 127

Finextra

JULY 8, 2024

The Hong Kong Monetary Authority is to become the first central banking institution outside of the EU to participate in the European Central Bank's digital euro exploratory project.

Cross-Border 80

Cross-Border CBDC Central Bank Participant 80

Finextra

JUNE 11, 2025

This laid the foundation for a centralized monetary authority and future oversight of payment systems. Central Bank Digital Currency (CBDC - Digital Rupee): Policy: RBI is actively piloting both wholesale and retail versions of the Digital Rupee (e₹). For instance, CBDC could be programmed for specific uses (e.g.,

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

PYMNTS

JUNE 19, 2020

The Bank of Thailand plans to work on a new payment system for businesses using Central Bank Digital Currency (CBDC), according to a press release , which will be a step toward readying the business sector for the digital age. The release says the step will help CBDC reach wider audiences, beginning with corporate entities.

CBDC 98

CBDC Cross-Border Digital Payments Digital Currency 98

Fintech News

JANUARY 23, 2024

Project Aurum , also from the Hong Kong Centre, has entered a new phase focused on the privacy aspects of retail CBDCs. This project is a joint effort with the Hong Kong Monetary Authority (HKMA) and is part of ongoing research into the development of CBDC systems, considering privacy concerns.

Innovation 122

Innovation Cross-Border Payments CBDC Finance 122

Finextra

JULY 2, 2025

Tokenized Sustainability Credits: Corporates can settle parts of cross-border payments with on-chain carbon tokens or biodiversity credits, automating offset procurement during reconciliation. They can integrate real-time ESG scoring by licensing third-party data feeds and embedding them into payment authorizations.

Transactions 59

Transactions ISO 20022 Payment APIs and Integration Payments 59

The Paypers

JUNE 23, 2025

Subscribe News | Interviews | Voice of the Industry | Watch & Learn | Reports | Cross Border Ecommerce Research | Company Database | Events News Nauru establishes a crypto asset regulator Monday 23 June 2025 15:45 CET | News The Government of Nauru has enacted legislation creating a regulatory body to oversee activities involving digital assets.

Regulations 59

Regulations Cross-Border CBDC Government 59

The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region. We also welcome partners to explore more use cases in the real economy with us.”

Interbank Settlement 134

Interbank Settlement CBDC Settlement Use Case 134

Finextra

JUNE 18, 2025

Future-proofing with ISO 20022 compliance, worldwide migration to this modern structure providing flexibility for new and future services (cards, Instant Payment, CBDC, e-Invoicing, …). External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

ISO 20022 52

ISO 20022 Transactions Payment APIs and Integration Cross-Border 52

Fintech News

DECEMBER 20, 2023

Singapore also made strides in payment innovation, focusing on enhancing electronic payments and expanding cross-border capabilities. With the system, merchants would only be required to sign up with a single financial institution to unlock a diverse range of local and cross-border payment schemes.

FinTech 109

FinTech Cross-Border CBDC Web 3.0 109

Finextra

JULY 8, 2024

The Hong Kong Monetary Authority is to become the first central banking institution outside of the EU to participate in the European Central Bank's digital euro exploratory project.

Cross-Border 52

Cross-Border CBDC Central Bank Participant 52

The Fintech Times

JUNE 19, 2024

The Dubai Financial Services Authority (DFSA) also amended its Crypto Token regime in June. What could it mean for the future of the financial ecosystem, for the crypto space in the region, and the future of a UAE CBDC? ” Enabling innovation and a future CBDC? . ” Enabling innovation and a future CBDC?

CBDC 69

CBDC Stablecoins Regulations Disputes 69

Fintech News

DECEMBER 13, 2024

dollar in cross-border trade, investment, and domestic financial systems. Its utility spans cross-border payments, digital wallet top-ups via Grab, and reduced currency conversion costs for businesses and traders in Southeast Asia.

Stablecoins 109

Stablecoins Cross-Border Cross-Border Payments Caps 109

The Fintech Times

AUGUST 6, 2024

Looking beyond Thai borders, the Bank of Thailand has revealed a plan to introduce QR code cross-border payments with India by the third quarter of this year. Similar to other regions across Asia, mobile payments are now preferred as a payment method over card payments by 70 per cent of Thai consumers.

FinTech 116

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

Fintech Finance

MARCH 26, 2024

Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies. Swift now plans to extend its solution to support a wider range of emerging digital networks in addition to CBDCs, such as platforms for tokenised deposits.

Cross-Border 52

Cross-Border Use Case SWIFT CBDC 52

Fintech Review

APRIL 24, 2024

Distinct from decentralised cryptocurrencies such as Bitcoin , CBDCs are centralised and backed by government authorities. Fintech Review delves into the characteristics of CBDCs, examining their potential benefits, and addressing the complexities they introduce to the global financial system. The post What are CBDCs?

Central Bank 91

Central Bank CBDC Cross-Border Payments Cross-Border 91

Faster Payments Council

MARCH 15, 2023

Some are retail, some are wholesale, some are domestic, some are regional, and some are cross border. 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 Cross-Border Payments Federal Reserve 88

Finovate

APRIL 4, 2025

. “With the Canadian dollar under pressure and potential trade disruptions looming, we designed Float FX to give Canadian businesses an advantage when operating across the border,” Rob Khazzam, Co-Founder and CEO of Float, said. First up, Banco Santander. Argentina-based fintech Ual agreed to acquire Mexican bank ABC Capital.

Mitigation 59

Mitigation Cross-Border Acquirers Security 59

PYMNTS

NOVEMBER 25, 2020

24) from the BIS monetary and economic department titled “ Stablecoins: Risks, Potential and Regulation ,” the authors contended that stablecoins — including but not limited to Facebook’s Libra — pose a range of challenges to financial authorities around the world. The Value Of CBDC . In a paper that debuted Tuesday (Nov.

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

Fintech News

MARCH 5, 2024

Morgan, Kasikorn-Line, IBM, Hong Kong Monetary Authority, and Google Cloud, attendees at Money20/20 Asia are in for an insightful experience. #1 The discussion will cover key aspects such as the impact on cross-border payments, liquidity funding needs, and the broader implications for financial inclusion and the global movement of money.

Embedded Finance 109

Embedded Finance APACS Financial Inclusion CBDC 109

Open Banking Excellence

MAY 2, 2024

We seek to nurture both home-grown innovation and cross-border collaboration. We have an Open Banking and Open Finance movement already, as well as CBDC concepts moving to the pilot stage. Our strategic direction is towards becoming a place for experimentation within the region. With a population of just 3.7

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

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.

Participant 45

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

Fintech News

MARCH 5, 2024

Morgan, Kasikorn-Line, IBM, Hong Kong Monetary Authority, and Google Cloud, attendees at Money20/20 Asia are in for an insightful experience. #1 The discussion will cover key aspects such as the impact on cross-border payments, liquidity funding needs, and the broader implications for financial inclusion and the global movement of money.

Embedded Finance 98

Embedded Finance APACS Financial Inclusion CBDC 98

Fintech News

OCTOBER 28, 2024

The Monetary Authority of Singapore (MAS) has unveiled the finalists for the 2024 Global Fintech Hackcelerator. The 18 finalists have been selected based on solutions to challenges in credit access, financial literacy, cross-border payments, and personalized protection, among other areas.

FinTech 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117

The Fintech Times

AUGUST 19, 2024

For instance, the Fintech Facilitation Office (FFO) was established in 2016 by the Hong Kong Monetary Authority (HKMA), which facilitates the development of Hong Kong’s fintech ecosystem and promotes Hong Kong as a fintech hub in Asia. HKMA’s efforts The government has been supportive and active throughout the years.

FinTech 72

FinTech SARS Central Bank Cross-Border 72

PYMNTS

JANUARY 21, 2020

21), at least some of those central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC). between banks) done through CBDC. is joining the CBDC fray. But as reported Tuesday (Jan. Federal Reserve is also absent from the roster.

Central Bank 57

Central Bank Digital Currency CBDC Federal Reserve 57

CoinRemitter

FEBRUARY 9, 2024

CBDCs exist only in digital form and can be stored using compatible electronic devices, unlike physical and paper-based cash. Unlike cryptocurrencies, they’re issued by centralized authorities and can be used as legal tenders. If CBDCs go mainstream, they can dominate the world of digital payments.

Digital Currency 40

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

Fintech News

JANUARY 9, 2024

A notable indicator of this shift is the growing preference for cross-border payment solutions built upon blockchain technology, particularly within the APAC region. Source: Monetary Authority of Singapore Several nations within the APAC region, including Singapore and Japan , are actively exploring Web3 digital assets and stablecoins.

APACS 112

APACS FinTech Digital Currency Blockchain 112

The Paypers

FEBRUARY 24, 2021

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have worked together to study the application of central bank digital currencies (CBDC).

Digital Currency 28

Digital Currency Central Bank Cross-Border Payments Cross-Border 28

The Fintech Times

SEPTEMBER 10, 2024

One such initiative is the Digital Silk Road (DSR), launched in 2015, which aims to extend China’s digital expertise beyond its borders. Crypto change China banned cryptocurrencies like Bitcoin in 2021 , shifting its focus to developing its own central bank digital currency (CBDC).

FinTech 59

FinTech Online and Mobile Banking Digital Currency Economy 59

Finovate

MAY 17, 2024

In addition to the launch of Sumeria, Lydia is also seeking a credit institution license from the French Prudential Supervision and Resolution Authority. Kazakhstan announced the availability to 10+ new CBDC card services since the launch of its digital tenge. The company’s investors include Accel and Echo Street Capital.

Cross-Border 59

Cross-Border P2P Cross-Border Payments Visa 59

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.

CBDC 59

CBDC Digital Currency Federal Reserve Privacy 59

The Payments Association

APRIL 14, 2025

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Fintech News

APRIL 1, 2025

The top digital banks excel in several critical areas: They prioritise security and regulation , ensuring compliance with local financial authorities while implementing robust cybersecurity measures to protect users. Before we dive into the rankings, lets look at the key factors that define the best digital banks.

Online and Mobile Banking 126

Online and Mobile Banking Multi-Currency Authorization Small Business 126

The Payments Association

MARCH 18, 2025

During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). Senator Lee has been among the most vocal opponents of a US CBDC, expressing concerns about potential government overreach. How are banks likely to respond?

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88