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India in Talks to Forge New Cross-Border Payment Linkages, Says RBI

Fintech News

India is advancing efforts to establish cross-border payment linkages with multiple countries, as reported by Bloomberg, citing an official from the Reserve Bank of India (RBI). India’s initiatives are also closely tied to its exploration of central bank digital currencies (CBDCs). T Rabi Sankar Deputy Governor T.

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

The Payments Association

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments.

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MAS to Explore Wholesale CBDC for Settlement Among Series of Tokenisation Plans

Fintech News

MAS is expanding its Global Layer One (GL1) initiative to support cross-border transactions of tokenised assets. Access to a common settlement facility is also being facilitated through the SGD Testnet, featuring S$ wholesale central bank digital currency (CBDC) for market testing.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

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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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

Regional integration is playing a key role, with governments accelerating their efforts to enhance cross-border commerce and digital economy participation. The initiative seeks to establish multilateral linkages of national retail payment systems. Technological advancements are another driver of open finance in Southeast Asia.

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PAY360 2025 unpacked: Key survey findings shaping the future of payments

The Payments Association

It highlights how industry leaders are prioritising AI, cross-border payments, and digital currencies while grappling with regulatory, technological, and customer demands. Cross-border payments remain the second most significant opportunity, cited by 11% of industry professionals. Why is it important?

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The Next Decade of Growth in Southeast Asia’s Booming Digital Payments Ecosystem

Fintech News

A key feature on its way to mobile wallets is support for card networks and domestic bank transfer networks alongside international cross-border payment rails. This enhanced connectivity allows users to move funds effortlessly across payment methods and national borders, streamlining transactions for individuals and businesses alike.