Fintech Review

NOVEMBER 20, 2024

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. Let’s dive in.

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Cross-Border Payments Cross-Border Multi-Currency FinTech 115

Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.

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NFCW

DECEMBER 19, 2023

Chinese visitors will soon be able to use digital yuan for “tourist spending” in Singapore as part of a pilot to test the use of China’s central bank digital currency (CBDC) for cross-border payments. China and Singapore to launch cross-border digital yuan pilot was written by Tom Phillips and published by NFCW.

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Fintech News

OCTOBER 23, 2024

The BIS Innovation Hub (BISIH) Singapore Centre has announced the next phase of Project Nexus , aimed at making instant cross-border payments a reality. Central banks and instant payment system (IPS) operators from India, Malaysia, the Philippines, Singapore, and Thailand will collaborate with BISIH to move towards live implementation.

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Fintech News

APRIL 2, 2025

A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-border payment system. Following the release of a blueprint in July 2024, the founding central banks are providing the initial capital to build and launch the platform.

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Global Payments Cross-Border Payments Central Bank Cross-Border 96

Fintech News

DECEMBER 10, 2023

The central banks of Vietnam and Cambodia officially launched a cross-border QR payment linkage between the two neighbours on December 3, 2023, at a launching ceremony in Cambodia’s Siem Reap province. On the Cambodian side, ACLEDA Bank Plc.

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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.

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Fintech News

OCTOBER 17, 2024

Project Aperta aims to address this by creating a prototype of a multilateral cross-border interoperability network, which will allow licensed third-party providers, including banks and fintechs, to exchange data securely across jurisdictions. These differing standards hinder cross-border data flow.

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Fintech News

NOVEMBER 14, 2024

Organized by the Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA), the award highlights outstanding contributions to the financial technology industry. Thank you to the entire Singapore Fintech Association team and the Monetary Authority of Singapore for the fantastic event and work you do!

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Fintech News

JULY 3, 2024

The ambitious initiative is targeting to transform cross-border payments in Southeast Asia (ASEAN) initially, before the broader Asia Pacific (APAC) region and, eventually, the world. Nexus is designed to standardise the way domestic payment systems connect with each other across borders. How Does Project Nexus Work?

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Fintech News

NOVEMBER 3, 2024

The Monetary Authority of Singapore (MAS) has announced plans to advance asset tokenisation within the financial services sector. Leading banks such as Citi, HSBC, and Standard Chartered have formed the Guardian Wholesale Network to build this ecosystem.

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Fintech News

JANUARY 9, 2025

Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda. Each platform exhibited distinct strengths.

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

The Fintech Times

NOVEMBER 6, 2024

” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”

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Product Cross-Border FinTech Cross-Border Payments 101

Fintech News

MAY 21, 2024

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) are advancing their cooperation in green and transition finance. The post Singapore and China Central Banks Bolster Green Finance Cooperation appeared first on Fintech Singapore.

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The Fintech Times

SEPTEMBER 11, 2024

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. Project mBridge is an initiative aimed at addressing inefficiencies in cross-border payments.

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Finextra

OCTOBER 28, 2024

The Hong Kong Monetary Authority (HKMA) announced its collaboration with the Bank of Thailand (BOT) to explore cross-border tokenisation use cases under Project Ensemble and Project San.

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PYMNTS

DECEMBER 1, 2020

And, of course, as the pandemic hit, a multitude of central banks took a deep dive into the potential risks and rewards of issuing digital central bank currencies, ranging from digital dollars to euros to, well, pretty much everything. Central bank efforts are good. In fact, J.P. Stop Before They Start? .

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Digital Currency Central Bank Stablecoins Cross-Border Payments 117

Fintech News

JULY 4, 2024

As artificial intelligence (AI) rapidly transitions from a nascent development to a ubiquitous technology accelerating advancements across the financial landscape, far-reaching implications for central banks worldwide are quickly emerging.

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The Fintech Times

JULY 1, 2024

The Bank for International Settlements (BIS) has completed a comprehensive blueprint for the third phase of Project Nexus, enabling ready participants to work towards the next stage of seamlessly connecting their instant payment systems (IPSs). However, cross-border payments have failed to keep up and a number of pain points remain.

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Cross-Border Payments Cross-Border Central Bank Instant Payments 78

Fintech Finance

MARCH 27, 2025

Accordingly, over 400,000 LANKAQR merchants across Sri Lanka will be able to accept cross-border mobile payments from tourists and business traveller via 14 international e-wallets connected to Alipay+ during the first phase. Alipay+, Ant Internationals cross-border mobile payment and digitalisation solution, now connects over 1.7

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Cross-Border Cross-Border Payments SARS Interoperability 59

The Fintech Times

FEBRUARY 17, 2025

Looking to take stablecoin usage to the next level in Hong Kong, Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands , and HKT have announced a joint venture (JV) to issue a Hong Kong dollar-backed stablecoin. The process won’t be as simple as just launching a stablecoin though.

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Stablecoins Issuers Use Case Cross-Border Payments 104

Fintech Finance

AUGUST 12, 2024

Nium , the global leader in real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. Nium has been present in the region dating back to 2017.

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Real Time Payments Cross-Border Payments Cross-Border Central Bank 98

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.

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The Fintech Times

JUNE 20, 2025

Cross-border payment platform dLocal has secured three new licences and authorisations from regulatory bodies in the United Arab Emirates, Turkey, and the Philippines. This licence enables dLocal to directly operate cross-border flows for both payins and payouts, its two main services, within the country.

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Fintech Finance

JUNE 25, 2024

The Retail Services Category II License enables Nuvei to offer its comprehensive suite of payments technology to businesses operating in the thriving UAE market, including direct local acquiring, payment aggregation services, and domestic and cross-border fund transfers.

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Fintech News

NOVEMBER 5, 2024

The five central banks collaborating on Project Nexus will set up a managing entity called the Nexus Scheme Organisation (NSO). Project Nexus is designed to enhance cross-border payment efficiency by linking various domestic instant payment systems on a global scale.

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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.

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Fintech Finance

JULY 1, 2024

The Bank for International Settlements (BIS) and partners today announced that they have completed the comprehensive blueprint for phase three of Project Nexus, which will allow ready participants to work towards the next stage of seamlessly connecting their instant payment systems.

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Instant Payments Cross-Border Payments ISO 20022 Cross-Border 98

PYMNTS

SEPTEMBER 16, 2020

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. The People’s Bank of China, the country’s central bank, told the FT it is investigating the networks enabling these cross-border transfers.

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Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). The company plans to launch XREX Pay, a platform designed to facilitate B2B payments and remittance services.

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Fintech News

AUGUST 12, 2024

BS2 also serves as Nium’s Brazilian Real (BRL) Correspondent Bank, assisting in real-time payment settlements for cross-border Pix transfers. In collaboration with Ebury, another fintech company, Nium has launched a global remittance service in Brazil, facilitating fast and reliable cross-border payments for businesses.

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Fintech News

DECEMBER 13, 2023

Singaporean payment institution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-border payment efficiency between Asia and the Middle East and North Africa (MENA) region. The company said that it is focused on building financial connections between Asia and global markets.

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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.

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Fintech News

APRIL 28, 2024

The Bank for International Settlements (BIS) and the Central Bank of Brazil (BCB) have announced the launch of the fifth G20 TechSprint 2024 initiative. Selected teams will have eight weeks to develop their solutions, which they will present to national authorities and experts for feedback.

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Finance Central Bank Cross-Border Payments Cross-Border 117

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. It has now completed its first experiment using DLT, giving the monetary authority a glimpse into the potential merits of the tech.

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Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

Finextra

JUNE 30, 2025

Central banks across 66 countries are now in the advanced phases of exploring Central Bank Digital Currencies (CBDCs), with 44 pilots including the digital euro already underway. Digital currencies can be issued by central banks (aka. CBDCs), commercial banks (aka. stablecoins).

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Digital Currency Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement 52

Fintech News

JANUARY 23, 2024

Payments and financial security One of the key projects is Project Leap, overseen by the bank’s Eurosystem Centre. Project Promissa, a joint effort with the Swiss National Bank and the World Bank Group, is exploring the tokenisation of promissory notes, aiming to increase the efficiency and transparency of these financial instruments.

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