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Wallet wars: How digital payments are reshaping finance

The Payments Association

Early 2000s The turn of the millennium saw the rise of tech companies attempting to break into new ground in the digital payments and e-commerce space, with PayPal at the forefront. The fintech pioneered the first phase of digital payments, enabling secure online transactions and laying the groundwork for future wallet technologies.

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The Journey of Payments and Clearing Systems in India

Finextra

This was a significant step towards non-cash payments but was slow and prone to errors. Reserve Bank of India (RBI) Establishment (1935): The RBI was established to regulate currency, provide banking services to the government, and act as a banker to banks. Unified Payments Interface (UPI) (2016): The game-changer.

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Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

A Bank of England experiment proving that offline payments with a digital pound are technically feasible, but complex. It highlights major trade-offs in security, privacy, and policy that must be addressed before offline CBDC payments can scale. For payments leaders, the findings are not simply a technical footnote.

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Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa

Fintech Finance

Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries. FORUS Digital has positioned itself in Africa to help central banks and commercial banks in their journey towards CBDC using the UDPN All-in-One Digital Currency Sandbox.

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NITMX partners with Mastercard to power Thailand's PromptPay

The Paypers

Driving development and inclusion The digital payment market in the country continues to grow, driven by the use of PromptPay, which was developed by NITMX and built on Mastercard’s RTP technology. Thai consumers can utilise PromptPay for shopping, receiving government welfare and tax rebates, and fast P2P transactions.

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Mastercard teams up with enza to support fintech advancement in Africa

The Paypers

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Australia Launches Major Tokenisation Pilot with Central Bank and Industry Players

The Fintech Times

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. These will integrate with pilots from other institutions, reflecting the project’s collaborative nature.