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.

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Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 126

PYMNTS

SEPTEMBER 15, 2020

Central bank digital coins on the Continent – but plenty of room for cash. In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies.

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CBDC Risk Central Bank Digital Currency 91

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system. “To

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Digital Currency Central Bank CBDC Instant Payments 87

The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

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Digital Currency CBDC Cross-Border Payments Cross-Border 111

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

PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. A survey asked banks if they were currently working on CBDCs, additionally asking about their motives.

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CBDC Central Bank Digital Currency Financial Inclusion 102

Fintech Finance

JULY 4, 2024

The introduction of a token-based solution such as G+D Filia® Unplugged not only strengthens payment resilience but also has the potential to drive financial inclusion for nearly 1.4 The success of several CBDC pilot projects around the globe has demonstrated the importance of offline payments. billion unbanked people worldwide.

Digital Payments 98

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept. No Race To Rollout .

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CBDC Fed Federal Reserve ISO 20022 107

Fintech News

MARCH 5, 2024

. #1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.

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Embedded Finance APACS Financial Inclusion CBDC 108

Finovate

DECEMBER 22, 2023

EMTECH, a company that provides infrastructure for central banks, provided a CBDC hackathon as part of a pilot project with the Bank of Ghana. African fintech Bloc launched its business banking solution this week. Mexico’s Banorte announced plans to launch its digital banking product , Banco Bineo in January.

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Financial Inclusion Automation AI Financial Crimes 64

The Fintech Times

NOVEMBER 9, 2024

Back in 2012, Sri Lanka had the highest financial inclusion rate in South Asia with two-thirds of its population having access to formal financial accounts. It was also exploring the idea of public input on the prospect and thoughts on open banking. Could fintech be the catalyst it needs to see a revival?

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Economy Online and Mobile Banking Central Bank Financial Inclusion 96

Fintech News

MARCH 5, 2024

. #1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.

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Embedded Finance APACS Financial Inclusion CBDC 98

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. By accepting cryptocurrency payments, merchants contribute to a more inclusive global economy.

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Cryptocurrency Stablecoins Digital Currency Cross-Border Payments 105

Fintech Finance

MARCH 12, 2024

Banco do Brasil reinforces its pioneering commitment to financial inclusion technologies and takes an important step towards making offline payment with digital money a reality in Brazil. ​ 2 The Central Bank of Brazil plans to launch the CBDC DREX by the end of 2024.

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CBDC Financial Inclusion Digital Currency Use Case 52

Fintech News

DECEMBER 13, 2024

This trend highlights efforts to enhance monetary sovereignty, boost financial inclusion, and modernise payment systems in an increasingly digital world. These initiatives also seem to complement ongoing efforts to develop Central Bank Digital Currencies (CBDCs), as both digital assets aim to modernise traditional financial systems.

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Stablecoins Cross-Border Cross-Border Payments Caps 108

The Payments Association

MARCH 19, 2025

Regions like Africa are seeing digital wallets driving financial inclusion, as seen with M-Pesa, which has connected millions of unbanked individuals to financial services. Digital wallets are expanding faster than financial oversight can keep up, forcing governments to scramble for new safeguards without choking innovation.

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Digital Payments Finance Online and Mobile Banking Payments 88

Faster Payments Council

SEPTEMBER 12, 2022

They will discuss how the recently published white paper on "Faster Payments and Financial Inclusion" illustrates the pain points and barriers to financial inclusion, actions, and solutions to expand, requirements of the underserved, action and solutions for issues, and considerations for faster payment stakeholders.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

Fintech News

DECEMBER 10, 2023

In APAC, financial inclusion has emerged as a driving force behind digital innovation. Many nations within the region have recognised the transformative potential of extending financial services to underserved populations. The absence of proper documentation and financial education presents significant hurdles.

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Addressing Fraud Prevention Financial Inclusion Payments 119

The Fintech Times

JUNE 6, 2024

Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.

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

The Fintech Times

OCTOBER 25, 2024

The first event was the introduction of the Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI), a nonprofit organisation backed by India’s central bank and leading banks. In 2014, only 53 per cent of adults in India had bank accounts, but by 2021, this figure had risen to 78 per cent.

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Digital Payments FinTech Online and Mobile Banking Financial Inclusion 59

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

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Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 119

Fintech News

APRIL 28, 2024

Day 2 featured discussions on small business empowerment, consumer financial resilience, and lending strategies in Thailand. Other sessions also delved into key trends and issues shaping the global payment landscape, including open banking in Europe, the QR code revolution in Asia as well as the US’s card dominance.

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Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 116

Fintech Finance

JANUARY 11, 2024

The report underscores the increasing pace of change in cross-border payments, mentioning key developments such as SWIFT’s gpi, the global rollout of the ISO 20022 standard, the exploration of Distributed Ledger Technologies, the use of APIs, and the rise of Central Bank Digital Currencies. The post U.S.

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Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

PYMNTS

JANUARY 14, 2021

The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. Wells River Savings Bank Joins The RTP Network.

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RTP Real Time Payments Payment APIs and Integration Digital Currency 62

The Fintech Times

JULY 5, 2024

With Filia Unplugged, we are helping to bridge this gap,” explained Raoul Herborg , managing director of Central Bank Digital Currency ( CBDC ) at G+D. ” In today’s digital-first economy, connectivity pain points can cause serious issues.

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Digital Payments Transactions Online and Mobile Banking CBDC 52

The Fintech Times

SEPTEMBER 10, 2024

Digital adoption, already high before Covid-19, surged during the country’s strict pandemic policies, alongside a boom in e-commerce and financial inclusion efforts for individuals and SMEs. Crypto change China banned cryptocurrencies like Bitcoin in 2021 , shifting its focus to developing its own central bank digital currency (CBDC).

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FinTech Online and Mobile Banking Digital Currency Economy 59

The Fintech Times

APRIL 23, 2024

. ‘Connecting for Change: MUFG’s Strategy for Fintech Integration’ at Money 20/20 Asia in Bangkok, Thailand On the agenda During the morning’s activities on the Vision stage, a keynote session led by Daranee Saeju , assistant governor, payment systems policy and financial consumer protection group from the Bank of Thailand, highlighted (..)

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Payment APIs and Integration Cross-Border Cross-Border Payments CBDC 59

Fintech Finance

MAY 7, 2024

Stakeholders across payments, smart mobility and digital ID can now access the industry’s most complete set of consultancy and testing services via Fime, supporting financial inclusion and innovation while enabling cost and time savings.

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Acquirers Consulting Payments Instant Payments 52

M2P Fintech

MARCH 28, 2024

This technological approach eliminates the use of physical cards or PINs during financial interactions. Central Bank Digital Currency (CBDC) A CBDC represents a nation’s currency in digital form, administered directly by the central bank.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

Wharton Fintech

FEBRUARY 26, 2024

Our ability to, with financial inclusion, reach and serve people we could never reach before, to create new contextual commerce, to say how in new spaces or new environments that people are exploring can we ensure that they can access the Mastercard network, which helps them build their businesses.

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Visa Technology Payments Encryption 130

Finovate

MARCH 15, 2024

Swedish Central Bank looks to defend cash If the Swedish Central Bank is for cash, then who can be against it? Banks must also ensure that more customers have access to payment accounts.” As noted above, there is not a current requirement for banks to do so.

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Fintech News

OCTOBER 28, 2024

By integrating Open Banking data and industrial data, they can generate alternative credit scores that empower businesses with fairer access to financial services, driving global financial inclusivity. Ample was awarded the MAS FSTI Innovation Acceleration grant for excellence in fintech.

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FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 116

CoinRemitter

JULY 9, 2024

The Role of CBDCs Central Banks worldwide are investing in CBDCs , a digital form of fiat currency (traditional currency). The development of CBDC regulations is likely to occur alongside ongoing pilots and trials. A key question is how CBDCs will interact with existing cryptocurrencies.

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Stablecoins Financial Crimes Cryptocurrency Money Laundering 40

NFCW

FEBRUARY 7, 2025

CBDC: To pay using the Digital Kina, users download a mobile app and then scan a merchant’s QR code Merchants in Papua New Guinea’s capital city of Port Moresby have been participating in a proof of concept pilot of a digital version of the country’s Kina currency.

Digital Currency 105

Digital Currency Central Bank CBDC Financial Inclusion 105

Fintech News

DECEMBER 15, 2024

Bank Indonesia has announced the successful completion of the Proof of Concept (PoC) for the wholesale Rupiah Digital under its Garuda Project. This marks a critical milestone in the exploration of a Central Bank Digital Currency (CBDC).

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CBDC Distributed Ledger Technology (DLT) ISO 20022 Cross-Border 112

The Fintech Times

JANUARY 19, 2025

Key organisations: Banque Centrale de Tunisie Central Bank of Tunisia (BCT) Conseil du March Financier Startup Tunisia Entrepreneurs of Tunisia Tunisia Investment Authority FintechTunisia Timeline of key fintech highlights: 1998 Tunisia launches Africas first Startup Act 2016 New Banking Law No.

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FinTech Innovation CBDC Online and Mobile Banking 64

The Payments Association

DECEMBER 2, 2024

The payments industry in 2024 saw rapid evolution, marked by the growing adoption of real-time payments, advances in AI-driven fraud detection, and significant progress in Central Bank Digital Currencies (CBDCs). Cilliers believes the excitement around CBDCs, especially across the Atlantic is justified. “I

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Embedded Finance Payments Fraud Detection CBDC 88