The Payments Association

MARCH 19, 2025

Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape. These innovations offer businesses and consumers a way to move money faster, cheaper, and more securely.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

Fintech News

SEPTEMBER 11, 2024

Initially, these will use fiat currencies, but Swift plans to eventually integrate tokenised forms of money such as central bank digital currencies (CBDCs) and stablecoins. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.

SWIFT 145

SWIFT Multi-Currency CBDC Interoperability 145

The Fintech Times

JULY 15, 2024

In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. Additionally, stablecoins are increasingly being explored for use in payments due to their stability and efficiency.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

Fintech News

NOVEMBER 12, 2024

To address these issues, countries part of the Association of Southeast Asian Nations (ASEAN) joined hand with the Bank for International Settlements (BIS) Innovation Hub to collaborate on Project Nexus. On asset tokenisation, Chia highlighted the introduction of a stablecoin regulatory framework.

FinTech 109

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 109

The Payments Association

JANUARY 21, 2025

Will Marwick CEO, IFX Payments The Payments Report 2024 highlights the growing impact of digital currencies, particularly stablecoins, as transformative payment solutions. The report notes how stablecoins, supported by regulatory developments, are driving advancements in digital commerce and cross-border transactions.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system. The PoC explored two models.

CBDC 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

PYMNTS

FEBRUARY 28, 2020

The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. The Central Bank of China is not a part of the group, although it is releasing a digital currency of its own.

Digital Currency 95

Digital Currency Central Bank Stablecoins Money Laundering 95

PYMNTS

MAY 27, 2020

But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

Central Bank 57

Central Bank Digital Currency CBDC Settlement 57

PYMNTS

JUNE 30, 2020

Charles Cascarilla, CEO and co-founder of stablecoin company Paxos, said stablecoins and digital central-bank currencies are “critical” for financial infrastructure. But the rise of Facebook’s Libra cryptocurrency and other stablecoins have shown some concerns over risks to the financial system’s stability.

Stablecoins 124

Stablecoins Financial Inclusion Online and Mobile Banking Federal Reserve 124

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. What are Stablecoins? A primary USD stablecoin in USDC (aka USD coin).

Cryptocurrency 105

Cryptocurrency Stablecoins Digital Currency Cross-Border Payments 105

PYMNTS

DECEMBER 10, 2019

Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. Lagarde has vocalized that she favors central banks releasing electronic money. Bank of England Governor Mark Carney has even implied that an international central bank coin could supersede the U.S.

Central Bank 54

Central Bank Digital Currency Federal Reserve Fed 54

Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

PYMNTS

SEPTEMBER 16, 2019

Global central bank officials met with leaders from both Facebook’s Libra Association and JPMorgan to discuss policies and regulation around new cryptocurrencies, the Bank for International Settlements (BIS) said in a press release on Monday (Sept. Fnality International was also questioned about its coin.

Stablecoins 50

Stablecoins Federal Reserve Central Bank Cryptocurrency 50

PYMNTS

APRIL 9, 2020

Payments FinTech Sila offers an Infrastructure-as-a-Service platform to help companies more seamlessly integrate compliant payments capabilities within their solutions via application programming interface (API), with an integrated stablecoin, SILA. The company recently announced $7.7 ”

Payment APIs and Integration 83

Payment APIs and Integration Central Bank SWIFT FinTech 83

Fintech News

JANUARY 23, 2024

The Bank for International Settlements (BIS) has recently announced a new series of projects for its 2024 Innovation Hub programme. Payments and financial security One of the key projects is Project Leap, overseen by the bank’s Eurosystem Centre.

Innovation 122

Innovation CBDC Cross-Border Payments Finance 122

Fintech News

JANUARY 21, 2025

Transforming Payments with CBDCs Singapores proactive exploration of Central Bank Digital Currencies (CBDCs) underscores its commitment to financial innovation and inclusion. With reduced transaction costs and faster settlement times, these currencies have the potential to revolutionise international commerce.

Stablecoins 109

Stablecoins FinTech Embedded Finance Financial Inclusion 109

The Fintech Times

MAY 12, 2025

While not a stablecoin in its current distributed ledger form, the Lewes Pound was, nevertheless, similar in many aspects including being pegged to a major currency. Stablecoins have not. Will the rug be pulled from under stablecoins by incumbent instant payment schemes? At least, not yet. And why wouldnt they?

Stablecoins 45

Stablecoins Interoperability Cross-Border Cross-Border Payments 45

BitPay

APRIL 25, 2023

Stablecoins help bridge the gap between fiat currency and crypto. Businesses can quickly move money without crypto’s usual price volatility, while still conducting secure, low-cost financial transactions without centralized intermediaries like governments or banks. Stablecoins are not mined or minted like other cryptocurrencies.

Stablecoins 52

Stablecoins Cross-Border Cross-Border Payments Payroll 52

The Fintech Times

FEBRUARY 27, 2024

Having looked at some of the biggest technologies to impact the payments world, like buy now pay later (BNPL) and central bank digital currencies (CBDCs) , we now look to the future and what the next trend may be. For businesses, A2A payments promise higher conversion rates, reduced transaction costs, and real-time settlement.

Consumer Protection 69

Consumer Protection Payments Trends Stablecoins Consumer 69

Fintech News

DECEMBER 20, 2023

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.

FinTech 109

FinTech Cross-Border CBDC Web 3.0 109

CoinRemitter

JANUARY 17, 2024

There are about 9000 cryptocurrencies in the world, and over 150 of them are stablecoins, which acquire 0.08% of the cryptocurrency market. This number clearly shows the potential of stablecoins. Whenever we discuss stablecoins, we all think about USDT. But stablecoins aren’t just about Tether.

Stablecoins 45

Stablecoins Cryptocurrency Payment Gateways Payments 45

The Fintech Times

MARCH 13, 2025

Recognising increasing demand across the Middle East from crypto-native firms and traditional financial institutions, Ripple aims to address many of the challenges traditionally associated with cross-border payments – such as high fees, long settlement times, and lack of transparency.

Cross-Border 69

Cross-Border Cross-Border Payments Settlement Stablecoins 69

CB Insights

NOVEMBER 5, 2020

Payments: This category includes companies working on tech like payment currencies, stablecoins (cryptocurrency pegged to the value of a non-volatile asset like the dollar), and real-time gross settlement (RTGS) systems that can enable transactions within a DLT-based capital markets framework.

Real Time Gross Settlement (RTGS) 98

Real Time Gross Settlement (RTGS) Blockchain Distributed Ledger Technology (DLT) Money Laundering 98

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 64

Digital Currency Cross-Border Settlement Bitcoin Central Bank 64

PYMNTS

JULY 14, 2020

An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The move by the Bank for International Settlements (BIS) comes as Facebook gears up to launch a cryptocurrency, Libra.

Cross-Border Payments 60

Cross-Border Payments Cross-Border Central Bank Cryptocurrency 60

PYMNTS

SEPTEMBER 19, 2019

The various debates over crypto – security, volatility, their place within, or outside of, the central banking system – are far from settled. And against that backdrop comes … a new settlement coin. Settlement Coins, Coin of (Part) of Banking Realm. Wells Fargo said Wednesday (Sept. Also on Wednesday (Sept.

Multi-Currency 49

Multi-Currency Settlement Cross-Border Central Bank 49

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

Payments Trends 120

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 120

The Fintech Times

FEBRUARY 20, 2025

TrueLayer , a UK Pay by Bank network, appoints Basil Bailey as the CEO of TrueLayer Ireland and General Manager of TrueLayers European business.In his dual role, Bailey will oversee the commercial and regulatory functions of TrueLayer Ireland, which holds a European Payments Institution licence and is regulated by the Central Bank of Ireland.

FinTech 64

FinTech Cross-Border Payments Disaster Recovery Online and Mobile Banking 64

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

JUNE 10, 2020

Maxwell Opoku-Afari, the bank’s first deputy governor, reportedly said during a digital workshop that the bank remains steadfast in facilitating innovation and piloting ideas like a central bank cryptocurrency. A unit in the central bank’s banking department supervised the area prior to 2016.

Digital Currency 53

Digital Currency Accounts Money Laundering Central Bank 53

PYMNTS

JULY 14, 2020

An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The move by the Bank for International Settlements (BIS) comes as Facebook gears up to launch a cryptocurrency, Libra.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Central Bank Payments 52

PYMNTS

NOVEMBER 2, 2020

Beyond the most immediate challenges, we’re headed into a longer-term evolution where digital payments are paving the way for the adoption of digital currencies, spanning, as Webster noted, crypto, digital bitcoin, digital dollars and stablecoins. That’s where the market’s going.

B2B 119

B2B Cross-Border Digital Currency Multi-Currency 119

Fintech News

JANUARY 9, 2024

Source: Monetary Authority of Singapore Several nations within the APAC region, including Singapore and Japan , are actively exploring Web3 digital assets and stablecoins. The central bank of Singapore has announced plans to pilot the issuance and use of wholesale central bank digital currencies (CBDCs) in the coming year.

APACS 112

APACS FinTech Digital Currency Blockchain 112

The Fintech Times

FEBRUARY 19, 2024

This is especially true if fees are ultra-high and settlement periods are lengthy. For years, banks and payment providers have had to rely on SWIFT in Europe to transfer funds which can be costly and time-consuming. “Additionally, central banks are exploring innovative solutions such as CBDC privacy (e.g,

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

Fintech News

OCTOBER 28, 2024

Finally, the solution integrates the use of stablecoins for instant settlement by enabling real-time, secure payments through stablecoins once escrow conditions in the smart contract are met. Additionally, smart contracts are utilised to automate trade processes and ensure compliance with predefined conditions.

FinTech 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117

Clearly Payments

FEBRUARY 14, 2024

billion by 2027 , reflecting the indispensable role of these technical maestros in managing transaction authorization and settlement. Payment Processors: These companies handle transaction authorization and settlement, ensuring smooth data exchange. Furthermore, global payment volume reached a staggering $31.7

Payments 104

Payments Value Added Service BNPL Payment Gateways 104

CoinRemitter

JULY 9, 2024

From efforts to boost oversight of stablecoin arrangements, to focus on the DeFi space, 2024 promises to be a year of crypto regulatory developments. Stablecoins will take Center Stage Stablecoins are gaining traction among financial institutions worldwide, attracting the attention of regulators also in 2024.

Stablecoins 40

Stablecoins Financial Crimes Cryptocurrency Money Laundering 40