PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Further, the European Union is working on the digital euro, and Sweden is testing its CBDC. dollar and could make digital payments more affordable.

Central Bank 142

Central Bank SWIFT Digital Currency CBDC 142

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.

CBDC 126

CBDC Cross-Border Payments Transactions Cross-Border 126

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.

Cross-Border Payments 125

Cross-Border Payments Cross-Border SWIFT Fed 125

The Payments Association

APRIL 28, 2025

These figures suggest that while open finance initiatives and embedded financial services remain on the radar, they are less immediate priorities compared to the transformational potential of AI and international payment innovation. Digital currencies have gained modest ground, increasing from 10% in 2024 to 12% in 2025.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Digital Currency Financial Crimes 88

The Paypers

JUNE 7, 2021

The European Central Bank ( ECB ) has announced that a central bank digital currency (CBDC) is needed in order to contest ‘artificial currencies’ in international payments.

CBDC 62

CBDC Central Bank Digital Currency International Payments 62

PYMNTS

MARCH 22, 2019

There are other downsides to central bank-issued digital currency (CBDC), he explained. It could potentially alter how interest rates affect demand for money, and it could produce larger central bank balance sheets, a consequence that would make it necessary for asset buildup which could affect market liquidity.

Bitcoin 69

Bitcoin Central Bank Cross-Border Payments Digital Currency 69

Fintech News

JANUARY 30, 2024

Super apps with embedded finance capabilities have been one of the dominant payments across Asia even before 2024. So what are five of the pivotal payment trends in Asia heading into 2024, and how will they be a difference maker? By mid-2023, nearly 130 countries , covering 98% of the global GDP, were exploring the concept of CBDCs.

Payments Trends 120

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 120