The Payments Association

MARCH 19, 2025

Digital wallets are expanding faster than financial oversight can keep up, forcing governments to scramble for new safeguards without choking innovation. The European PSD2 framework, growing pressure on big techs financial ambitions, and central bank digital currency (CBDC) discussions all indicate a looming regulatory crackdown.

Digital Payments

Fintech Finance

NOVEMBER 21, 2024

This partnership is set to empower African communities, governments, and businesses, and represents a significant step toward realising the shared goal of financial inclusion and economic advancement across Africa, with blockchain and decentralised finance at the forefront of this transformation.

Payment Networks

The Payments Association

JANUARY 22, 2025

The widespread shift to online reliance has created a greater demand for accessing various services online, including government public services and online retail payments. Additionally, standardisation of digital IDs is required to ensure they are interoperable with TSA systems.

Security

The Payments Association

JULY 18, 2025

Viewing these initiatives as a whole presents a clear regulatory trajectory: accelerated timelines, harmonised standards, and enhanced scrutiny across governance, conduct, and technology infrastructure. Conduct a gap analysis across marketing, onboarding, complaints, and governance to align with upcoming FCA expectations.

Regulations

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

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. “There are some fundamental risks inherent in using CBDCs.

Cross-Border Payments

PYMNTS

AUGUST 21, 2020

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. China has been at the forefront of those efforts, at least as measured in terms of debuting an actual CBDC, and is in the midst of testing its digital yuan in various settings.

CBDC

Open Banking Excellence

MAY 2, 2024

We have an Open Banking and Open Finance movement already, as well as CBDC concepts moving to the pilot stage. Interoperability and international expansion A key strategic outcome from all our activities in this space is to drive the creation of business models which are scalable outside of Georgia.

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

PYMNTS

OCTOBER 9, 2020

The idea of a “general purpose” central bank digital currency ( CBDC ) is one that would transcend use cases, exchanges and piecemeal methods where, for example, (tangible) fiat on one side of a transaction is rendered into a digital form and then reconfigured to fiat on the other side of the process. Fed, the Swiss National Bank and others.

Digital Currency

Fintech News

DECEMBER 13, 2024

One of the key drivers of this movement is the desire to maintain monetary sovereignty as stablecoins that are pegged to local currencies allow governments to align digital financial systems with their national economic objectives. It’s merely a reminder of its risks.

Stablecoins

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

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. Both Canada and the USA are actively exploring CBDCs. This is covered in the below section. What are Stablecoins?

Cryptocurrency

Fintech News

FEBRUARY 27, 2024

These negative developments likely influenced governments across the globe, because the following 12 months saw an extraordinary boom in crypto policy regulation in APAC countries. Emphasising interoperability, MAS announced its support for three forms of digital money: tokenised bank liabilities, wholesale CBDCs , and regulated stablecoins.

APACS

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

DECEMBER 10, 2023

The impact of CBDCs on payments, financial inclusion, and monetary policy remains an ongoing discussion. As the Asia-Pacific region continues to drive innovation and financial inclusion, partnerships between governments, financial institutions, and solution providers like LexisNexis Risk Solutions are essential.

Addressing

Faster Payments Council

SEPTEMBER 12, 2022

The panel will discuss issues such as security, governance, and interoperability as well as concerns that the U.S. In this session, FPC QR Code work group leaders address the call to action for payment industry standards needed for universal acceptance and interoperability of QR codes.

FPC

CoinRemitter

FEBRUARY 9, 2024

If CBDCs go mainstream, they can dominate the world of digital payments. However, CBDC payments cannot be as anonymous as crypto payments. Central Bank Digital Currency Launches So Far The first CBDC launch happened in 2020, which was DCash by The Central Bank of The Bahama.

Digital Currency

M2P Fintech

MARCH 28, 2024

Central Bank Digital Currency (CBDC) A CBDC represents a nation’s currency in digital form, administered directly by the central bank. Unlike physical cash or bank deposits, CBDCs are purely electronic. As of December 2023, an impressive 130 countries are actively exploring CBDC initiatives.

FinTech

The Fintech Times

FEBRUARY 19, 2024

“Additionally, central banks are exploring innovative solutions such as CBDC privacy (e.g, BIS Aurum) and interoperability solutions (e.g, many areas in Africa) have a shortage of dollars, owing mostly to the desire of local governments to control or influence exchange rates. 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

Fintech News

DECEMBER 15, 2024

This marks a critical milestone in the exploration of a Central Bank Digital Currency (CBDC). Stakeholder feedback from industry, academia, and government bodies was instrumental in refining the systems architecture, ensuring alignment with the Indonesia Payment System Blueprint 2030.

CBDC

The Payments Association

DECEMBER 2, 2024

CBDCs continuing to gain traction Central Bank Digital Currencies (CBDCs) are set to take a significant step forward in 2025, as more countries move from pilots to implementation. The development of CBDCs is a long-term trend, with many projects not expected to be completed until 2026 or later.

Embedded Finance

The Payments Association

APRIL 14, 2025

Legal risks, operational exposures, and governance expectations are highlighted throughout, alongside next steps to support timely action. It introduces a richer, more structured data format for payment messages, designed to enhance interoperability, increase efficiency, and reduce ambiguity in financial communications.

Regulations