Clearly Payments

AUGUST 29, 2024

Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. CBDCs in Other Countries China : The Digital Yuan (e-CNY) is one of the most advanced CBDC projects. What Are CBDCs?

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

Payments Source

APRIL 9, 2020

The implementation of a digital dollar solution would quite likely precipitate future developments in the digital identity space, given the synergy of a dual-architecture solution, says Diginex's Mark Blick.

Digital Currency 160

Digital Currency Central Bank Federal Reserve Authentication 160

NFCW

DECEMBER 14, 2023

The offline P2P trial forms phase two of JCB’s ongoing CBDC pilot — known as JCBDC — and will test a system for making peer-to-peer digital currency transfers either from one physical card to another via an intermediary NFC mobile device or directly between NFC smartphones.

Digital Currency 120

Digital Currency Central Bank CBDC Technology 120

Payments Source

MAY 18, 2020

Patent office published a Visa patent application to create a technology gateway that could allow central bank currencies for any nation to be digitized.

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Central Bank Gateways Technology Digital Currency 218

PYMNTS

DECEMBER 1, 2020

It’s been more than a year in the making — with no shortage of caution and criticism by lawmakers and regulators here in the states and in Europe — but Libra, the digital currency backed by Facebook and a revolving cast of other tech firms, could debut as early as next month. Central bank efforts are good. In fact, J.P.

Digital Currency 117

Digital Currency Central Bank Stablecoins Cross-Border Payments 117

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are working on their own national digital currencies, some of which could launch in five to seven years.

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Central Bank SWIFT Digital Currency CBDC 142

NFCW

APRIL 11, 2024

The Bank of China is conducting a pilot in the city of Shenzhen of a new service that makes it possible for merchants to accept contactless digital currency payments on standard NFC mobile phones. “Getting and opening an e-yuan hardware wallet is easy and can be made anonymously. .

Digital Currency 126

Digital Currency Central Bank CBDC Contactless Payments 126

PYMNTS

NOVEMBER 23, 2020

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. PayPal isn’t the first large name in tech to jump on the digital currency bandwagon.

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Digital Currency PayPal Consumer Cryptocurrency 143

Fintech News

NOVEMBER 3, 2024

The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs).

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Cross-Border Cross-Border Payments Central Bank Settlement 120

Finextra

MARCH 18, 2024

The Universal Digital Payments Network (UDPN) has launched a digital currency sandbox for both commercial and central banks.

Digital Currency 124

Digital Currency Central Bank Payment Networks Digital Payments 124

Finextra

NOVEMBER 26, 2024

A group of seven central banks (Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Board of Governors of the Federal Reserve System, Sveriges Riksbank and the Swiss National Bank) together with the Bank for International Settlements, have been working together to explore selected aspects of central bank digital currencies (..)

Central Bank 85

Central Bank Digital Currency Legal Federal Reserve 85

The Payments Association

SEPTEMBER 16, 2024

Central bank digital currencies (CBDCs) could transform cross-border payments by reducing costs, improving efficiency, and enhancing transparency. Read more

Cross-Border Payments 88

Cross-Border Payments Cross-Border Digital Currency Central Bank 88

PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And even before the BIS findings, in March, members of U.S.

Digital Currency 113

Digital Currency Fed Federal Reserve CBDC 113

Fintech News

OCTOBER 23, 2024

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

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Central Bank CBDC Settlement Treasury 129

Fintech News

OCTOBER 28, 2024

The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions.

Cross-Border 126

Cross-Border Compliance Automation Cross-Border Payments 126

Payments Source

MAY 27, 2020

Visa’s proposed serialization of the digital dollar will further intensify the debate over privacy issues raised by central bank digital currencies, says Seccurency's Patrick Campos.

Central Bank 122

Central Bank Privacy Digital Currency Blockchain 122

The Fintech Times

MAY 29, 2024

The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. But digital currencies are far from irrelevant. CBDC overview across the MEA region in 2024 But why are so many countries adopting CBDC initiatives?

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

Clearly Payments

OCTOBER 31, 2024

America Biometric Payments 2 Global, especially mobile-first markets Cash Payments 5 Emerging Markets, some developed regions Central Bank Digital Currencies (CBDCs) 1 Asia, Caribbean Credit Cards Overview : Credit cards allow consumers to make purchases on credit, paying later and often with interest.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

The Payments Association

JUNE 14, 2024

Exploring the shift to digital payments, the role of CBDCs, and the strategic implications for central banks. Read more

Central Bank 88

Central Bank Digital Currency Digital Payments Payments 88

Fintech Finance

SEPTEMBER 10, 2024

Accenture (NYSE: ACN) announced that it has invested in EMTECH , a global financial technology company that provides software-as-a-service platforms to help central banks streamline, connect and modernize their processes and operations. Terms of the investment were not disclosed.

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Central Bank Digital Currency CBDC Financial Inclusion 98

Payments Dive

AUGUST 29, 2022

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

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CBDC Fed Digital Currency Central Bank 213

PYMNTS

JANUARY 6, 2021

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Central banks around the globe are in the process of actively developing, or at least mulling, the issuance of digital fiat, directly into digital wallets (the U.S.

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Central Bank Financial Inclusion Wire Transfer Payments 145

The Paypers

JUNE 5, 2023

The possibility of adopting central bank digital currencies (CBDCs) is being explored by countries worldwide, including the US. However, according to the Cato Institute 2023 CBDC National Survey, a mere 16% of Americans support the adoption of a CBDC.

Digital Currency 81

Digital Currency Central Bank CBDC Governance 81

Payments Source

MAY 6, 2021

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Digital Currency 119

Digital Currency Central Bank Money Laundering Risk 119

Finextra

JUNE 4, 2024

The Bank for International Settlements (BIS) is launching Project Rialto to explore how instant cross-border payments could be improved using a modular foreign exchange component combined with settlement in wholesale central bank digital currencies (wCBDC).

Central Bank 98

Central Bank Settlement Cross-Border Payments Cross-Border 98

Payments Dive

SEPTEMBER 25, 2023

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.

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CBDC Digital Currency Central Bank Blocks 193

Fintech News

DECEMBER 11, 2023

Cambodia is implementing new initiatives to expand payment options for tourists by cementing blockchain-based central bank digital currency (CBDC) partnerships. The National Bank of Cambodia (NBC) has been instrumental in facilitating these digital currency evolutions.

Digital Currency 107

Digital Currency Blockchain CBDC Central Bank 107

Payments Dive

SEPTEMBER 18, 2023

The proposed digital dollar would create an electronic version of the U.S. currency, but it wouldn’t be the same as a central bank digital currency.

Digital Currency 186

Digital Currency Central Bank 186

The Paypers

JUNE 10, 2024

Saudi Central Bank has joined Project mBridge, collaborating with China, Thailand, Hong Kong, and UAE to test central bank digital currencies for cross-border trade and payments.

Cross-Border 90

Cross-Border Central Bank CBDC Digital Currency 90

Payments Source

APRIL 13, 2020

Central banks are releasing trillions of dollars to bolster economies through the coronavirus pandemic, giving rise to a pair of trends that could push merchants and consumers to embrace digital currencies as a mainstream payment alternative.

Digital Currency 185

Digital Currency Central Bank Payments Economy 185

Payments Dive

MARCH 29, 2022

While talk of a digital dollar has mainly focused on creation of a central bank digital currency through the Federal Reserve, a group of House Democrats on Monday proposed legislation that pivots in a different direction, creating an electronic dollar through a new program administered by the Treasury Department.

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Federal Reserve Digital Currency Central Bank Treasury 190

The Paypers

DECEMBER 2, 2022

Banque de France and the Banque centrale du Luxembourg worked together on an experimental Central Bank Digital Currency (CBDC) initiative.

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CBDC Central Bank Digital Currency 101

Payments Dive

APRIL 1, 2022

Ted Cruz's legislation, which follows a companion House bill introduced earlier this year, would prevent the Federal Reserve from issuing a central bank digital currency directly to consumers.

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Federal Reserve CBDC Fed Digital Currency 179

The Paypers

SEPTEMBER 6, 2024

Brazil's central bank (BCB) announced the selection of 13 participants for the second phase of its central bank digital currency (CBDC) initiative.

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CBDC Central Bank Digital Currency Participant 78

Finextra

OCTOBER 28, 2024

The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.

Innovation 145

Innovation CBDC Central Bank Digital Currency 145

Payments Source

AUGUST 21, 2020

The global digital currency race has heightened the threat to traditional monetary policy and the dollar’s dominance, enough for the Federal Reserve of Boston to make a concerted effort to keep pace.

Digital Currency 117

Digital Currency Federal Reserve Fed Central Bank 117

The Payments Association

JANUARY 22, 2024

In the realm of finance, this sentiment rings especially true as we stand on the cusp of a digital revolution with the advent […] Read more The future depends on what you do today.

Digital Currency 88

Digital Currency Central Bank CBDC Finance 88