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The Journey of Payments and Clearing Systems in India

Finextra

Central Bank Digital Currency (CBDC - Digital Rupee): Policy: RBI is actively piloting both wholesale and retail versions of the Digital Rupee (e₹). For instance, CBDC could be programmed for specific uses (e.g., For instance, CBDC could be programmed for specific uses (e.g., This includes offline functionality for CBDC.

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FATF updates guidance on financial inclusion and AML measures

The Paypers

It focuses on offering access to formal services by underserved people, such as individuals in low-income and rural groups, fragile contexts who may lack easy means to verify their identities, and those who are underserved by existing financial products and services.

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Fintech in Singapore: 2023 in Review

Fintech News

Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots.

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Here Are the Top 10 Must-Attend Sessions at Money20/20 Asia 2024

Fintech News

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

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FPC 2023 Spring Member Meeting

Faster Payments Council

The panel will explore some of these initiatives including the New York Fed's CBDC pilot program with major banks, the recently concluded Boston Fed's Project Hamilton and other global CBDC projects. 100B/yr US alone – sticky, underserved, corporate/gov't load (no consumer).

FPC
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Here Are the Top 10 Must-Attend Sessions at Money20/20 Asia 2024

Fintech News

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

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Stablecoins in Asia Are Stably Reducing Dependency on USD

Fintech News

Furthermore, stablecoins enhance financial inclusion by providing an accessible entry point for the unbanked and underserved populations in Asia, effectively digitizing local currencies. Finally, stablecoins face competition from CBDCs, as many governments prioritise CBDC development over private stablecoins.