Remove CBDC Remove Cross-Border Remove ISO 20022
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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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CBDC in Corporate Payments and Transaction Banking

Finextra

Here’s a at the evolution, real-world potential, and future of CBDC-linked instruments in transaction banking. Retail CBDC Trials: India’s e₹ (Digital Rupee) pilot unlocks person-to-merchant (P2M) and person-to-person (P2P) payments via CBDC wallets, demonstrating zero counterparty risk transfers without commercial bank rails.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Additionally, integration challenges were resolved through the adoption of interoperability standards like ISO 20022, enabling compatibility with both domestic and international financial market infrastructures. The platforms met all criteria, showcasing their capability to effectively support the envisioned system.

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

The Payments Association

The recently published National Payments Vision sets a forward-looking strategy, outlining priorities such as enhancing the regulatory framework, advancing Open Banking, combating fraud, and building a world-leading payments infrastructure with cross-border interoperability. The result is an improved customer experience.

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ESG-Linked Payments in Transaction Banking

Finextra

Tokenized Sustainability Credits: Corporates can settle parts of cross-border payments with on-chain carbon tokens or biodiversity credits, automating offset procurement during reconciliation. They can embed ESG tags in ISO 20022 MX messages to enable seamless cross-border sustainability tracking.

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UAE closes in on launch of Digital Dirham

Finextra

The CBDC will soon be introduced in phases to mitigate risks, with an intermediated two-tier distribution model and wallet-based access. The retail CBDC will support peer-to-peer, online and in-store payments, business-to-consumer, business-to-business, and government-to-consumer transactions, and other use cases enabled by programmability.

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12 Years Ago: The First nexo Standards Transaction, a Milestone for European Payments

Finextra

The initial protocols were refined, expanded, and formalized into a globally recognized suite of ISO 20022-based standards. Future-proofing with ISO 20022 compliance, worldwide migration to this modern structure providing flexibility for new and future services (cards, Instant Payment, CBDC, e-Invoicing, …).