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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.

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RT2: A strategic transformation for UK payment providers

The Payments Association

According to the Bank of England, RTGS settles approximately £500 billion between banks each day—around a quarter of the UK’s annual GDP—in sterling central bank money. Liquidity Saving and Efficiency Gains Advanced algorithms optimise liquidity management and settlement processes.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

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. Each platform exhibited distinct strengths.

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New Era for Payments in Somalia: Somalia Payment Switch Launches Instant Payment System

The Fintech Times

The Somalian financial ecosystem has taken its next step in the digital world as the Central Bank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instant payment system.

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Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments

The Fintech Times

As part of its continued expansion, Nium’s partnership with Partior enhances its ability to facilitate frictionless global transactions and unlock new services such as intra-day FX swaps, cross-currency repos, programmable enterprise liquidity management, and multi-bank payments for financial institutions.

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Payments regulation roadmap: Q3 2025​

The Payments Association

Globally, preparations for central bank digital currencies and evolving open finance frameworks signal longer-term structural change. This initiative adopts a platform model, where the Bank issues digital pounds via a central ledger, while private-sector firms offer wallets and payment services.