Remove Authorization Remove Cross-Border Payments Remove Interoperability
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Project Guardian: Interoperability From Tokenised Bank Liabilities Could Save Firms $50bn in FX Fees

The Fintech Times

According to a new report from the Project Guardian FX industry group, implementing tokenised bank liabilities and shared ledgers in cross-border payments and FX is a viable solution. Since 2019, Ant International has used tokenised deposits to streamline wholesale payments and treasury activities.

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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

Early deployments across Asia, the Caribbean, and Europe reveal how people are using CBDCs, how merchants are responding, and what this means for cross-border payments in an increasingly interconnected world. Beyond technical proof points, these initiatives underscore the need for global interoperability.

CBDC 88
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Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments

The Fintech Times

“For Visa, this is an opportunity to deliver innovations that enhance payment experiences across Asia Pacific with greater flexibility, security, and convenience. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”

Product 101
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Behind the Idea: TerraPay

The Fintech Times

But the real story is in the infrastructure behind it: licensing, interoperability and a deep commitment to making cross-border payments work for everyone – not just the biggest players. This purpose is rooted in facilitating inclusion and interoperability. TerraPay now connects over 155 countries and 3.7

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The Journey of Payments and Clearing Systems in India

Finextra

This laid the foundation for a centralized monetary authority and future oversight of payment systems. Early Electronic Initiatives (late 1980s/early 1990s): Limited electronic fund transfers began to emerge, mainly within banks or for specific corporate clients, but were not widely interoperable.

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5 Stories That Shaped Singapore’s Fintech Scene in 2024

Fintech News

The year saw nearly universal adoption of cashless payments and milestones in cross-border payment linkage initiatives, notably through Project Nexus. Cross border payments and digital advances in Singapore Singapore has made advancements in digital payments and emerging challenges in cross-border interoperability.

FinTech 115
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Alipay+ Is Now Enabled in Sri Lanka

Fintech Finance

During the initial phase, travellers from 10 countries and regions, can simply scan the LANKAQR code at more than 400,000 merchants across the island to make payments, just as they are used to at home.