Fintech Finance

NOVEMBER 21, 2024

Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries. The UDPN aims to drive down payment and foreign exchange costs whilst accelerating the uptake of regulated digital currencies.

Payment Networks 98

Payment Networks Digital Payments Digital Currency Innovation 98

PYMNTS

DECEMBER 26, 2019

The Central Bank of the Bahamas is planning to start a rollout of its new digital currency on Friday (Dec. Called Project Sand Dollar, the name of the currency will also be the sand dollar, according to a press release. The intent is to start a fully-fledged central bank digital currency (CBDC).

Digital Currency 83

Digital Currency Central Bank CBDC Stablecoins 83

PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). A digital token would be a bearer asset, meaning that during the transaction the sender would transfer value to the receiver, without intermediaries.

Central Bank 76

Central Bank Digital Currency CBDC Liquidity Risk 76

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

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

Payments Source

JANUARY 7, 2020

Facebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies. It’s also sparking a potential bottom-up approach in New York.

Digital Currency 112

Digital Currency Central Bank Cryptocurrency Governance 112

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

Fintech News

NOVEMBER 3, 2024

GL1 will define control principles, develop specifications, and ensure “compliance by design” to align governance and risk management practices. The initiative will now include new contributors like Euroclear and will set up a working group to establish control principles for digital asset securities.

CBDC 119

CBDC Settlement Digital Currency Cross-Border 119

The Payments Association

JUNE 3, 2025

Payment stacks that once relied on fixed hardware and heavy governance are being redesigned to be modular, scalable, and more adaptable to change. Data governance, quality, stabilitythose are the foundations, and theyre often overlooked. Tony: Lets pivot to digital currencies. Government backing makes a big difference.

Digital Currency 88

Digital Currency Payments AI Compliance 88

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.

Central Bank 145

Central Bank Financial Inclusion Wire Transfer Payments 145

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. euros (at least at present).

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

MAY 16, 2020

But the company wrote in the document that under the system, users could “hold digital currency with the same denomination as the local physical currency (e.g., $100 After all, only central banks have the power to withdraw currency from circulation in the manner Visa describes. “A

Governance 128

Governance Government Blockchain Request for Comment 128

Fintech News

JANUARY 21, 2025

Singapore currently stands as the regional leader, or Champion, with exemplary ratings in market maturity and government initiatives. Regional integration is playing a key role, with governments accelerating their efforts to enhance cross-border commerce and digital economy participation.

Payment APIs and Integration 109

Payment APIs and Integration Finance Cross-Border API 109

PYMNTS

OCTOBER 1, 2020

The European Central Bank (ECB) has taken what could be a big first step toward launching a digital currency. Even as it wraps up a study of the pros and cons of launching a digital currency, ECB executives want to trademark the term “digital euro,” Bloomberg reports.

Central Bank 90

Central Bank Digital Currency Economy Assessments 90

Fintech News

JANUARY 9, 2025

Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda.

Distributed Ledger Technology (DLT) 127

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 127

Payments Source

JANUARY 5, 2021

Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. And there's still no sign of a central bank digital currency, leaving the U.S.

Fincen 154

Fincen OCC Digital Currency Central Bank 154

PYMNTS

DECEMBER 14, 2020

EMTECH is rolling out its new Modern Central Bank Sandbox, which will help to streamline regulatory reviews and test central bank digital currencies (CBDCs), a press release says. The platform will also help central banks that want to collaborate with innovators on new technology.

Central Bank 93

Central Bank Cross-Border Payments CBDC Cross-Border 93

Payments Source

MARCH 24, 2020

government to offer a central bank digital currency, public mobile wallets and postal banking—controversial ideas that are hard to pull off, but exist outside the U.S. The coronavirus stimulus package has resurrected calls for the U.S.

Stablecoins 142

Stablecoins Digital Currency Central Bank Governance 142

PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.

Blockchain 135

Blockchain Accounts Digital Currency Federal Reserve 135

Fintech News

MARCH 24, 2025

Instead, this method requires users to provide key details such as an identification number, which are then cross-checked against government databases. Similarly, Hong Kong supports crypto innovation through a highly advanced digital infrastructure and strong cybersecurity measures. Asia is a global leader in crypto adoption.

APACS 90

APACS Verification Fraud Detection Money Laundering 90

PYMNTS

DECEMBER 6, 2020

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. Speaking with David Rubenstein at a Bloomberg event on Friday (Dec.

CBDC 114

CBDC Digital Currency Central Bank Governance 114

The Fintech Times

FEBRUARY 17, 2025

Standard Chartered Standard Chartered has a track record of working with stablecoin issuers globally, allowing the JV to fully utilise its bank-grade infrastructure and rigorous governance. That is why we are actively involved in various central bank digital currencies, tokenised deposits and, of course, stablecoins projects.

Stablecoins 105

Stablecoins Issuers Use Case Cross-Border Payments 105

PYMNTS

JANUARY 25, 2021

The Reserve Bank of India (RBI) is exploring making a digital currency, a reversal of its prior position, according to a report from Cointelegraph. The RBI does acknowledge how popular cryptocurrency has become, although Indian regulators and the local government are still apprehensive and skeptical, according to Cointelegraph.

Digital Currency 127

Digital Currency Central Bank Governance Government 127

The Fintech Times

NOVEMBER 4, 2024

In 2023, the central bank launched the Global Layer One (GL1) initiative, to help develop foundational digital infrastructures, on which it could deploy commercial networks. Morgan , MUFG and Societe Generale-FORGE have led efforts to define the business, governance, risk, legal and technology requirements of the platform.

Authorization 83

Authorization CBDC Multi-Currency Settlement 83

Payments Source

NOVEMBER 16, 2020

As the central bank's digital currencies advance, how will the government and the private sector work together to bring projects to an effective conclusion? The events of 2020 have only helped to intensify a range of potentially disruptive developments in the payment industry.

Central Bank 108

Central Bank Digital Currency Governance Government 108

PYMNTS

SEPTEMBER 13, 2019

With aspirations to make projects like Facebook ’s Libra redundant, euro zone central banks and governments are at work on a plan to roll out a public cryptocurrency. Work on the European Central Bank (ECB) project began prior to Libra’s rollout and could last months or years.

Digital Currency 78

Digital Currency Central Bank Authorization Cryptocurrency 78

PYMNTS

FEBRUARY 6, 2020

Central bank leaders from six countries and the Bank for International Settlements (BIS) have planned an April meeting to discuss digital currencies and the parameters involved for launching their own, the Nikkei Asian Review reported on Thursday (Feb. In January, the central banks of the U.K.,

Central Bank 100

Central Bank Digital Currency CBDC Federal Reserve 100

PYMNTS

FEBRUARY 27, 2020

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world should attempt to get a better understanding of the pros and cons of the process, according to a report by Reuters.

Central Bank 64

Central Bank Digital Currency Money Laundering CBDC 64

Payments Source

NOVEMBER 9, 2020

Bitcoin has underpinned the next generation of currencies, while showing that central banks are not necessarily needed as administrators or gatekeepers.

Bitcoin 116

Bitcoin Central Bank Governance Government 116

The Payments Association

APRIL 28, 2025

It highlights how industry leaders are prioritising AI, cross-border payments, and digital currencies while grappling with regulatory, technological, and customer demands. Real-time payments and digital currencies follow, each identified by 8% of respondents. Why is it important? What’s next?

Cross-Border Payments 88

Cross-Border Payments Cross-Border Digital Currency Financial Crimes 88

Payments Source

FEBRUARY 24, 2021

Governments are digitizing money, creating a need for banks to provide rails to connect consumers and central banks.

Central Bank 159

Central Bank Governance Government Consumer 159

PYMNTS

JANUARY 19, 2021

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. A statement from the bank said the pilot involved a settlement on a private blockchain, which U.K. million), per CoinDesk.

CBDC 130

CBDC Interbank Settlement Settlement Central Bank 130

Fintech News

FEBRUARY 2, 2025

2) Digital Assets: A Borderless Economy Digital assets are revolutionising how value is stored and transferred, offering continuous access to capital while bypassing traditional barriers. Through global collaboration, AI can unlock unprecedented opportunities for financial institutions and consumers alike.

Innovation 132

Innovation Finance AI Encryption 132

Payments Source

APRIL 2, 2018

Until the technologies provide significant savings, cryptotokens threaten financial stability, and the risks of open access to central bank balance sheets are worked out, retail CBDCs are a long way off, writes Collin Canright, a fintech consultant.

Digital Currency 69

Digital Currency Governance Government Central Bank 69

PYMNTS

DECEMBER 27, 2020

Japan might look into launching its own central bank digital currency (CBDC) in both the public and private sectors, according to a report from Japan Times. Miami Mayor Francis Suarez might want to make his city a hub for crypto at the government level, a report from CoinDesk says. 10, 2021 at 1 p.m.,

CBDC 101

CBDC Bitcoin Digital Currency Cryptocurrency 101

PYMNTS

SEPTEMBER 17, 2020

The race to develop central bank digital currencies (CBDCs) is underway, but it seems the Reserve Bank of Australia may not be in the running. 17), Australia’s central bank has viewed the issuance of such digital coinage with caution, and even a bit of skepticism.

Central Bank 72

Central Bank CBDC Digital Currency Federal Reserve 72

PYMNTS

OCTOBER 12, 2020

China’s central bank is issuing 10 million yuan ($1.5 million) worth of digital currency to 50,000 people chosen by lottery in the country’s first trial run of a cashless payments system, according to numerous reports on Monday (Oct. It is considered to be a digital version of the nation’s currency.

Digital Currency 96

Digital Currency Central Bank Cryptocurrency Settlement 96