Remove CBDC Remove Cross-Border Remove Interoperability
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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

The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system. These advancements will expand the utility of the Digital Rupiah within Indonesias financial ecosystem and potentially in cross-border contexts.

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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.

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How Swift is moving the global financial industry towards instant and frictionless payments

The Payments Association

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This added transparency would bring cross-border functionality to domestic instant payments, aligning with the G20s roadmap and providing end users with a payments experience that is fast and secure.

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The Journey of Payments and Clearing Systems in India

Finextra

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. Its simplicity, interoperability, and low cost made it an instant success. For instance, CBDC could be programmed for specific uses (e.g.,

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Monetary Authority of Singapore Unveils Plans to Enable Industry-Wide Adoption of Tokenisation

The Fintech Times

Phase two – foundational infrastructure MAS also plans to develop an ecosystem of market infrastructures to facilitate seamless cross-border transactions. To enable the trading of tokenised assets across borders, GL1 is expanding its scope to support the development of an ecosystem of compatible market infrastructures.