The Payments Association

JANUARY 22, 2025

Additionally, standardisation of digital IDs is required to ensure they are interoperable with TSA systems. In Europe, the EU’s eIDAS regulation promotes cross-border recognition of electronic identities, facilitating seamless travel within member states.

Security

The Paypers

JUNE 25, 2025

Better real-time payouts in Canada By collaborating with the Canadian pay-by-bank provider, TerraPay’s network of money transfer operations can facilitate improved real-time payments to recipients in Canada.

Cross-Border

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. However, a significant shift has occurred with the launch of Eurasia’s first CBDC cards in Kazakhstan, providing 20 million consumers with a new, tangible way to manage CBDC funds.

CBDC

Fintech News

MARCH 25, 2024

Swift, the global financial messaging cooperative, revealed that the latest round of experiments conducted within a collaborative Central Bank Digital Currency (CBDC) sandbox has shown promising results for the application of CBDCs and digital tokens. said Tom Zschach, Chief Innovation Officer at Swift.

CBDC

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

Open Banking Excellence

MAY 2, 2024

Beyond the famed silk, this ancient route facilitated the exchange of porcelain, flourishing of tea culture and a vital connection between Europe and Asia. As a regulator, we aim to facilitate the entry of disruptors in areas including Open Banking and Open Finance in this concentrated and competitive market.

Interoperability

Fintech News

DECEMBER 20, 2023

Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability.

FinTech

Fintech Finance

MARCH 26, 2024

Interoperability is critical to Swift’s strategy for instant and frictionless transactions. In securities, the lack of interoperability between tokenisation platforms is a barrier to the growth of tokenisation. More than 750 transactions were carried out over the course of the experiments. The full results report is available here.

Cross-Border

Clearly Payments

JANUARY 4, 2024

Ripple (XRP), designed with a focus on facilitating cross-border payments, has gained traction for its speed and efficiency. The pegging mechanism is typically facilitated through smart contracts and algorithmic mechanisms, allowing for real-time adjustments to the circulating supply of stablecoins based on market demand.

Cryptocurrency

Faster Payments Council

MARCH 15, 2023

Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either. Some banks may not be able to connect to both. These projects are taking different implementation approaches.

FPC

PYMNTS

JANUARY 28, 2021

The recent acceleration of central banks’ exploration and development of central bank digital currencies (CBDCs) only adds greater legitimacy to the technology, with Sully pointing to cross-border payments as one of the biggest areas of CBDC disruption — although, he acknowledged, the true impact of this tool is not yet understood.

Treasury

Fintech News

DECEMBER 13, 2024

Thailand recently approved its f irst ever cross-border payment solution that uses stablecoins , leveraging blockchain technology to facilitate seamless transactions for tourists and expatriates. Finally, stablecoins face competition from CBDCs, as many governments prioritise CBDC development over private stablecoins.

Stablecoins

The Fintech Times

JUNE 6, 2024

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). Several commercial banks have already started using the mBridge platform to facilitate cross-border CBDC payments among participating jurisdictions.

Participant

Fintech News

OCTOBER 28, 2024

Finalists in the corporate categories were evaluated based on impact, sustainability, practicality, interoperability, and creativity, while individual submissions were assessed on contributions to the Singapore fintech sector. Four finalists were shortlisted in each category.

AI

M2P Fintech

MARCH 28, 2024

Automated Clearing House (ACH) The ACH is a central system for electronic fund transfers, facilitating swift, secure, and cost-effective movement of funds between financial institutions. Central Bank Digital Currency (CBDC) A CBDC represents a nation’s currency in digital form, administered directly by the central bank.

FinTech

The Fintech Times

FEBRUARY 19, 2024

As e-commerce growth continues to surge, merchants are looking for fast, adaptable, and secure payment facilitation on a global scale. “Additionally, central banks are exploring innovative solutions such as CBDC privacy (e.g, BIS Aurum) and interoperability solutions (e.g, Deutsche Bundesbank Trigger Solution).

Cross-Border Payments

Fintech News

MAY 8, 2024

Thailand, under the guidance of the Bank of Thailand (BOT) , has been at the forefront of this movement, continuously studying and testing the feasibility of a Retail CBDC since 2018. The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

CBDC

The Payments Association

DECEMBER 2, 2024

On the other hand, they may disrupt existing payment infrastructures, requiring firms to adapt their systems and develop new strategies to remain relevant in a CBDC-driven world. Cilliers believes the excitement around CBDCs, especially across the Atlantic is justified. “I

Embedded Finance

The Payments Association

APRIL 14, 2025

It introduces a richer, more structured data format for payment messages, designed to enhance interoperability, increase efficiency, and reduce ambiguity in financial communications. Firms involved in issuance, custody, or facilitation of stablecoin payments should expect heightened scrutiny and ongoing supervision.

Regulations