Finextra

JUNE 11, 2025

Clearing houses, often managed by the RBI or lead banks, facilitated the physical exchange and settlement of cheques. Real-Time Gross Settlement (RTGS) (2004): A major leap forward, establishing a robust system for large-value, real-time interbank fund transfers, enhancing systemic efficiency and reducing settlement risk.

Financial Inclusion

The Payments Association

JUNE 16, 2025

While transaction fees and fraud prevention dominate immediate merchant concerns, forward-thinking businesses are leveraging payment method diversity, cross-border capabilities, and emerging technologies to gain measurable advantages.

Innovation

The Payments Association

APRIL 28, 2025

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? What’s next?

Cross-Border Payments

The Fintech Times

JULY 10, 2025

Australia’s central bank and a government-backed research centre have selected 24 industry participants to trial digital settlement systems for tokenised assets, in a project exploring the future of wholesale finance.

Central Bank

Finextra

AUGUST 11, 2025

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.

ISO 20022

Finextra

JULY 2, 2025

Tokenized Sustainability Credits: Corporates can settle parts of cross-border payments with on-chain carbon tokens or biodiversity credits, automating offset procurement during reconciliation. Banks can innovate new products such as green overdrafts, ESG-linked payables financing, and carbon-aware settlement rails.

Transactions

The Paypers

JUNE 16, 2025

The integration will allow InSoil users to access features such as personal IBAN accounts, multi-currency settlements, and digital wallets. Moreover, the move aims to improve the efficiency of transaction processes and ensure compliance for both investors and agricultural borrowers.

Multi-Currency

The Paypers

JUNE 17, 2025

The primary goal of this partnership is to support cross-border transactions and digital asset operations for enterprise clients. The arrangement will allow OpenPayd to enable its clients to convert between fiat currencies and USDC, with the goal of reducing settlement friction and enabling near real-time fund transfers.

Stablecoins

The Paypers

JUNE 17, 2025

In the UAE, government efforts to create a cashless society have accelerated the development of real-time payment systems and instant settlement infrastructure. These frameworks enable financial institutions and fintech companies to offer faster, more efficient payment solutions to consumers and businesses alike.

CBDC

Finextra

JULY 28, 2025

This can drive value for: Government Economic Growth Stablecoins move instantly and with sub-second finality settlement. Many countries are viewing what else can compete with the Stablecoin, e.g. CBDC (Central Bank Digital Currency) or another type of digital/crypto token.

Stablecoins

The Payments Association

AUGUST 8, 2025

From the decline of physical cash to the rise of blockchain-based systems, central bank digital currencies (CBDCs), and real-time cross-border settlements, payments are becoming faster, more secure, decentralised, and increasingly invisible. CBDCs could reduce settlement times to seconds and lower fees to near zero.

Cross-Border

Finovate

APRIL 4, 2025

. “With the Canadian dollar under pressure and potential trade disruptions looming, we designed Float FX to give Canadian businesses an advantage when operating across the border,” Rob Khazzam, Co-Founder and CEO of Float, said. Central and Southern Asia TBC Bank Uzbekistan secured $20 million in debt financing.

Mitigation

The Payments Association

JULY 18, 2025

The UK’s divergence from other common law jurisdictions in defining digital assets as personal property could introduce contract enforcement risks for cross-border services. Monitor potential regulatory expansion of stablecoins into the payment services perimeter, especially in cross-border or B2B use cases.

Regulations

Finextra

AUGUST 4, 2025

By enabling the proliferation of dollar-backed stablecoins in digital wallets, cross-border payment systems, and institutional markets, the U.S. Now, there are growing rumours that the Bank may drop its CBDC project altogether and instead pivot to support a regulated stablecoin ecosystem—mirroring the U.S.

Stablecoins

The Paypers

JUNE 20, 2025

These tokens are typically pegged to the US dollar and backed by reserve assets, offering faster settlement and lower transaction fees. Stablecoin interest beyond crypto-natives Financial institutions and large corporations are increasingly assessing how stablecoins might improve payment systems.

Stablecoins

The Paypers

JUNE 25, 2025

Through this collaboration, Whalet’s core customers, which include cross-border sellers from the Asia-Pacific region, are set to be able to benefit from optimised international financial transactions and increased payment efficiency. This initiative comes as TerraPay partners with Whalet to improve global payouts for SMEs.

Cross-Border

Finextra

JULY 28, 2025

The Bank of England (BoE) is reportedly reevaluating its digital pound plan, with internal discussions suggesting a potential shift away from prioritizing a digital pound, opening a new phase of CBDC reconsideration. Slow in progress In addition, the British CBDC project is relatively slow in progress, compared to other countries.

CBDC

Fintech News

JUNE 4, 2024

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).

Cross-Border Payments

The Fintech Times

FEBRUARY 26, 2024

As of December 2023, 130 countries, representing 98 per cent of global GDP, were exploring central bank digital currencies (CBDCs) according to the Atlantic Council ‘s CBDC tracker. With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market.

Cross-Border Payments

Fintech News

AUGUST 13, 2024

In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.

Cross-Border Payments

Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

CBDC

Fintech News

OCTOBER 23, 2024

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

Central Bank

The Paypers

MAY 31, 2023

Australia-based Monoova has successfully completed the first real-world cross-border settlement using the Australian dollar CBDC.

Cross-Border Settlement

PYMNTS

DECEMBER 28, 2020

According to the Bank for International Settlements (BIS), as of July, some 36 central banks published studies on the concept of a central bank digital currency (CBDC) also known as a digital fiat currency, the report stated. “In SWIFT currently expedites cross-border payments for 11,000 banks across more than 200 countries.

Central Bank

The Paypers

DECEMBER 22, 2023

The first cross-border settlement for precious metals using the digital yuan CBDC, known as e-CNY, was completed on 20 December 2023.

Cross-Border

The Fintech Times

AUGUST 28, 2024

Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving these tokenised assets.

Interbank Settlement

Fintech News

JANUARY 23, 2024

The Bank for International Settlements (BIS) has recently announced a new series of projects for its 2024 Innovation Hub programme. This project is a joint effort with the Hong Kong Monetary Authority (HKMA) and is part of ongoing research into the development of CBDC systems, considering privacy concerns.

Innovation

PYMNTS

AUGUST 14, 2020

The goal, according to Brainard, is to assess potential risks associated with a proposed digital currency (also known as a central bank digital currency or CBDC) and its possible impact within payments. Legal issues include whether a CBDC would have status as legal tender.

Digital Currency

Clearly Payments

AUGUST 29, 2024

This article covers what CBDCs are, how they have evolved until 2024, their impact on payments, and the future they could shape. What Are CBDCs? A Central Bank Digital Currency (CBDC) is a digital form built on blockchain technology of a country’s fiat currency issued and regulated by the central bank.

Central Bank

Clearly Payments

AUGUST 24, 2024

According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023. For instance, PayPal’s Xoom service, which specializes in cross-border P2P transfers, reported a 20% increase in transaction volume in 2023.

Debit Card

Fintech News

DECEMBER 20, 2023

Singapore also made strides in payment innovation, focusing on enhancing electronic payments and expanding cross-border capabilities. With the system, merchants would only be required to sign up with a single financial institution to unlock a diverse range of local and cross-border payment schemes.

FinTech

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! DLT would also help in terms of cross-border payments, he said.

Digital Currency

PYMNTS

AUGUST 21, 2020

Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept. As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. No Race To Rollout . But a race to a rollout is not in the cards. Interoperability Is Key.

CBDC

The Fintech Times

FEBRUARY 19, 2024

Having discussed the myths , hype and usage of buy now pay later (BNPL), we now turn our focus to cross-border payments. To begin this focus, we first look at what businesses should prioritise when looking to offer cross-border solutions. This is especially true if fees are ultra-high and settlement periods are lengthy.

Cross-Border Payments

PYMNTS

JANUARY 26, 2020

Some central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC), according to a release by the Bank of England on Jan.

Central Bank

PYMNTS

MAY 11, 2020

Speaking at a virtual conference about the future of money, European Central Bank (ECB) executive board member Yves Mersch said a retail central bank digital currency (CBDC) is a game-changer. “A However, a retail CBDC, accessible to all, would be a game-changer, so a retail CBDC is now our main focus.”. We have to be ready.

CBDC

PYMNTS

JUNE 17, 2020

The plan also calls for establishing a “cross-border payment network” that would use digital wallets tied to a free-trade agreement negotiated by Japan, China and South Korea, Nikkei Asian Review said. Mersch said a retail CBDC could be based on deposit accounts opened with a central bank.

Digital Currency