PYMNTS

JANUARY 19, 2021

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. In 2020, the bank put out a request for applications for a CBDC experiment. startup SETL provided, of around 2 million euros (about $2.4 million), per CoinDesk.

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CBDC Interbank Settlement Settlement Central Bank 130

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.

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CBDC Transactions Payment APIs and Integration Cross-Border 130

Fintech News

NOVEMBER 21, 2024

India’s initiatives are also closely tied to its exploration of central bank digital currencies (CBDCs). Additionally, the RBI is collaborating with central banks across Southeast Asia to create a platform enabling instant cross-border transactions, aligning with the region’s push for financial integration.

Cross-Border Payments 145

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

Payments Dive

AUGUST 29, 2022

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

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CBDC Fed Central Bank Digital Currency 213

The Fintech Times

SEPTEMBER 11, 2024

RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. “This is a gamechanger that paves the way for instant blockchain based CBDC exchanges with payment versus payment, fundamentally altering how we approach international payments.

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CBDC Cross-Border Payments Transactions Cross-Border 126

Finextra

MARCH 14, 2024

Hong Kong's central bank is inviting interested parties to submit applications for Phase 2 of its e-HKD CBDC pilot programme.

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CBDC Central Bank 127

The Payments Association

JUNE 16, 2025

It highlights major trade-offs in security, privacy, and policy that must be addressed before offline CBDC payments can scale. If implemented, offline CBDC capability could introduce new consumer behaviours, shift merchant requirements, and alter the economics of digital payment acceptance. Why is it important? What’s next?

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Settlement CBDC Payment APIs and Integration Privacy 88

Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 112

Fintech News

MARCH 25, 2024

Swift, the global financial messaging cooperative, revealed that the latest round of experiments conducted within a collaborative Central Bank Digital Currency (CBDC) sandbox has shown promising results for the application of CBDCs and digital tokens. said Tom Zschach, Chief Innovation Officer at Swift.

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CBDC SWIFT Interoperability Settlement 108

Payments Dive

SEPTEMBER 25, 2023

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.

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CBDC Central Bank Digital Currency Blocks 193

The Paypers

OCTOBER 12, 2023

Global payments technology company Mastercard has revealed that it demonstrated CBDC interoperability for trusted Web3 commerce in Australia.

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CBDC Interoperability Visa Global Payments 98

The Paypers

DECEMBER 2, 2022

Banque de France and the Banque centrale du Luxembourg worked together on an experimental Central Bank Digital Currency (CBDC) initiative.

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CBDC Central Bank Digital Currency 101

The Fintech Times

SEPTEMBER 25, 2024

While 134 countries and currency unions, representing 98 per cent of global GDP, are currently exploring a central bank digital currency (CBDC), the Bank of Canada has revealed it is officially putting efforts to introduce a digital version of the Canadian dollar on pause. Could a CBDC still be in Canada’s future?

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CBDC Digital Currency Central Bank Privacy 75

Fintech News

JUNE 4, 2024

Decentralised solutions, CBDC, and interconnected payment infrastructures offer promising paths to improve cross-border payments. Featured image credit: Edited from Freepik The post New BIS Project Explores Wholesale CBDC for Faster, Cheaper Cross Border Payments appeared first on Fintech Singapore.

Cross-Border Payments 106

Cross-Border Payments Cross-Border CBDC Settlement 106

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.

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Central Bank CBDC Settlement Treasury 130

Payments Dive

APRIL 1, 2022

Ted Cruz's legislation, which follows a companion House bill introduced earlier this year, would prevent the Federal Reserve from issuing a central bank digital currency directly to consumers.

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Federal Reserve CBDC Fed Central Bank 179

The Paypers

SEPTEMBER 6, 2024

Brazil's central bank (BCB) announced the selection of 13 participants for the second phase of its central bank digital currency (CBDC) initiative.

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Central Bank CBDC Digital Currency Participant 78

The Paypers

JUNE 12, 2025

A recent pilot conducted under the HKMA ’s e-HKD+ initiative has tested the feasibility of using digital currencies for cross-border investment transactions.

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CBDC Cross-Border Stablecoins Digital Currency 66

The Payments Association

MARCH 28, 2024

Swift's recent collaborative experiments with 38 global institutions demonstrated new use cases for its CBDC interlinking solution across digital trade, securities and foreign exchange. Read more

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Use Case CBDC SWIFT Security 88

The Paypers

FEBRUARY 12, 2024

Bangko Sentral ng Pilipinas (BSP) has revealed the intention to launch a wholesale central bank digital currency (CBDC) by 2026.

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CBDC Blockchain Central Bank Digital Currency 81

Finextra

SEPTEMBER 18, 2024

The Reserve Bank of Australia is to prioritise the issuance of a wholesale central bank digital currency over a retail CBDC, arguing that a clear business case for the latter has yet to emerge.

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CBDC Central Bank Digital Currency 78

Payments Dive

MAY 22, 2023

The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

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CBDC Fed Central Bank Technology 158

Finextra

FEBRUARY 11, 2024

India is moving ahead with the next stage of its digital rupee pilot, adding programmability and offline payment capability.

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CBDC Payments 139

The Fintech Times

NOVEMBER 4, 2024

Recognising this, MAS is facilitating financial institutions’ access to common settlement assets including S$ wholesale CBDC for market testing purposes. SGD Testnet will be made available to eligible financial institutions in Project Guardian, enabling financial institutions to settle transactions with S$ wholesale CBDC.

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Authorization CBDC Multi-Currency Settlement 83

PYMNTS

DECEMBER 27, 2020

Japan might look into launching its own central bank digital currency (CBDC) in both the public and private sectors, according to a report from Japan Times. Turkey is planning on piloting its own CBDC in the second half of 2021, according to a report from CoinDesk. The exchange will close trading services on Jan. 10, 2021 at 1 p.m.,

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CBDC Bitcoin Digital Currency ATM 101

Payments Dive

NOVEMBER 9, 2022

Central bank digital currencies would allow for faster cross-border payments that would “help boost trade within the region and with the rest of the world,” an Equinix executive writes.

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CBDC Cross-Border Payments Cross-Border Central Bank 125

Payments Dive

NOVEMBER 16, 2022

Mastercard and big banks such as Citi, Wells Fargo, BNY Mellon and U.S. Bank are set to participate in the proof-of-concept trial.

Visa 148

Visa CBDC Fed Participant 148

The Paypers

SEPTEMBER 3, 2024

HDFC Bank has introduced new features for the Unified Payments Interface (UPI) and Central Bank Digital Currency (CBDC), developed in collaboration with various fintech partners.

CBDC 67

CBDC Central Bank Digital Currency FinTech 67

The Paypers

APRIL 5, 2023

The Central Bank of the UAE has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3 , G42 Cloud and Clifford Chance.

Central Bank 73

Central Bank CBDC Digital Currency 73

The Paypers

JANUARY 12, 2023

The People’s Bank of China (PBC) has included in its currency circulation report the country’s central bank digital currency (CBDC), the e-CNY, also known as digital yuan.

CBDC 74

CBDC Central Bank Digital Currency 74

Finextra

MARCH 25, 2024

Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.

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SWIFT CBDC Central Bank Digital Currency 132

Finextra

JANUARY 2, 2025

Union Bank of India has introduced accessibility features in its Central Bank Digital Currency (CBDC) application, widely known as the Digital Rupee (e).

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CBDC Central Bank Digital Currency 69

The Paypers

JUNE 23, 2023

Collaborating with the Bank of Italy , the Associazione Bancaria Italiana (ABI) has brought together a group of banks in a pilot program for a central bank digital currency (CBDC).

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CBDC Central Bank Digital Currency 68

Payments Dive

NOVEMBER 10, 2022

Researchers designed a prototype digital currency and blockchain and simulated foreign exchange spot transactions that cleared within 10 seconds, but they said the study doesn’t endorse a CBDC or assume the Fed will issue one.

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CBDC Fed Cross-Border Payments Cross-Border 78

NFCW

DECEMBER 14, 2023

The offline P2P trial forms phase two of JCB’s ongoing CBDC pilot — known as JCBDC — and will test a system for making peer-to-peer digital currency transfers either from one physical card to another via an intermediary NFC mobile device or directly between NFC smartphones.

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Digital Currency Central Bank CBDC Technology 121

Finovate

NOVEMBER 18, 2024

CBDCs are more relevant than ever According to the report, “More than 90% of central banks are pursuing or considering central bank digital currency (CBDC) projects, and more than 30 have rolled out pilots.” Despite U.S.

Payments Trends 69

Payments Trends Global Payments CBDC Embedded Payments 69

Finextra

OCTOBER 28, 2024

The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.

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Innovation CBDC Central Bank Digital Currency 145