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RAKBANK Completes International CBDC Transaction Using eCNY and Digital Dirham

The Fintech Times

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. Project mBridge is an initiative aimed at addressing inefficiencies in cross-border payments.

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RT2: A strategic transformation for UK payment providers

The Payments Association

Payment providers to strategically invest in ISO 20022 implementation, API integration, and service innovation to fully leverage RT2’s capabili The launch of RT2, the renewed Real Time Gross Settlement (RTGS) service, on 28 April 2025 marks a significant milestone for the UK’s payments infrastructure.

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5 Top Payment Trends Impacting Asia in 2024

Fintech News

Super apps with embedded finance capabilities have been one of the dominant payments across Asia even before 2024. The integration of instant payments into daily financial activities signifies a broader shift in consumer preferences and behaviours, reflecting a demand for quicker and more convenient transaction methods.

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International Payments Group Champions Faster Cross-Border Payments

PYMNTS

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,

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Addressing the Silent Crisis of Failed Payments

Fintech News

Whether you’re a small company or a large bank, the challenge remains: ensuring that every payment instruction contains the correct data in the right format.” ” For FIs, the consequences are equally daunting, as they face expenses associated with the correspondent banking network.

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Wise Granted Access to Philippines’ Real-Time Payment System

The Fintech Times

Wise , the fintech focused on money transfer, has been granted direct access to the Philippines’ real-time payment system, InstaPay, enabling it to enhance the cross-border payment experience for around 13 million of its customers. per cent. .

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Smarter Payments Tracker Eyes Interoperability

PYMNTS

In its announcement , SWIFT noted that this standardization will be especially impactful for high-value corporate payments within the correspondent banking sphere. Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its Wednesday (July 31) announcement.