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Back to the Future with Global Payments Trends

Finovate

Global payments have been gaining popularity in fintech over the past few months. There is increasing demand for faster, safer, and cheaper payment opportunities as cross-border trade activity escalates. Growth of global payments revenue Last year, the global payments industry processed 3.4

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Mastercard demonstrates CBDC interoperability for Web3 commerce

The Paypers

Global payments technology company Mastercard has revealed that it demonstrated CBDC interoperability for trusted Web3 commerce in Australia.

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New BIS Project Explores Wholesale CBDC for Faster, Cheaper Cross Border Payments

Fintech News

Decentralised solutions, CBDC, and interconnected payment infrastructures offer promising paths to improve cross-border payments. Project Rialto aims to explore how these elements can interact to advance global payment systems.

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Central Bank Of Russia: Electronic Money Could Render SWIFT Obsolete

PYMNTS

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Further, the European Union is working on the digital euro, and Sweden is testing its CBDC. dollar and could make digital payments more affordable.

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

Fintech Finance

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. 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.

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RBI Discusses CBDCs for Cross-Border Payments with HKMA, US Fed, and SWIFT

Fintech News

A working group has been established to lead these international discussions and formulate a roadmap for international remittances using CBDCs. The collaboration aims to leverage the extensive experience of the US Federal Reserve and the HKMA in digital currency operations and SWIFT’s expertise in global payments.

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How the UAE’s Stablecoin Decision Could Impact Local Businesses, Crypto and a Future CBDC

The Fintech Times

What could it mean for the future of the financial ecosystem, for the crypto space in the region, and the future of a UAE CBDC? “Here there are some ground rules which are helpful and may have a wider impact on how stablecoins are generated and considered globally – Dirham-backed and clearer criteria for defining stablecoins.

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