Remove CBDC Remove Interoperability Remove Retail Payments
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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments.

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How Swift is moving the global financial industry towards instant and frictionless payments

The Payments Association

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. The UKs payments landscape is at an inflexion point. Swift uses its Payment Pre-validation service to connect different Verification of Payee (VoP) schemes.

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The Journey of Payments and Clearing Systems in India

Finextra

Early Electronic Initiatives (late 1980s/early 1990s): Limited electronic fund transfers began to emerge, mainly within banks or for specific corporate clients, but were not widely interoperable. National Electronic Funds Transfer (NEFT) (2005): Provided a nationwide electronic fund transfer system for retail payments, operating in batches.

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How are digital IDs reshaping industries for a secure and seamless future?

The Payments Association

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.

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Brazil Could Lead The Way On Central Bank Digital Currencies With 2022 Rollout

PYMNTS

Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system. “To Brazil’s instant-payments system, dubbed “Pix,” is slated to a widespread rollout in November. Digital wallets that use QR codes will be interoperable with the system.

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Fintech in Singapore: 2023 in Review

Fintech News

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.

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Bank of Thailand Concludes Retail CBDC Pilot Programme, Reveals Key Findings

Fintech News

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.

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