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The Journey of Payments and Clearing Systems in India

Finextra

Real-Time Gross Settlement (RTGS) (2004): A major leap forward, establishing a robust system for large-value, real-time interbank fund transfers, enhancing systemic efficiency and reducing settlement risk. For instance, CBDC could be programmed for specific uses (e.g.,

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Bank Of England Hires Accenture To Revamp Payments System With Eye On Digital Currency

PYMNTS

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).

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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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The payments regulation roadmap: Q2 2025

The Payments Association

For payment firms, a retail CBDC still represents a major prospective shift in the financial landscapeintroducing new competition in the form of central bank-issued money, and requiring firms to adapt their onboarding, wallet infrastructure, and data frameworks.