CBDC Interoperability Real Time Gross Settlement (RTGS) 
PYMNTS
JULY 30, 2020
s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp and modernize what is known as the Real-Time Gross Settlement (RTGS) service, which handles daily transactions worth more than $895 million between large financial institutions (FIs).
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.
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. Engage in industry-wide testing phases, scheduled to begin in January 2027, to validate readiness and interoperability with other market participants.
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