The Payments Association

JUNE 3, 2025

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system. “To

Digital Currency 87

Digital Currency Central Bank CBDC Instant Payments 87

Finextra

JUNE 23, 2025

Using stablecoin infrastructure from Paxos and Circle, FIUSD is being pitched as a bank-friendly coin, offering clients an efficient and interoperable digital asset service for their banking and payment flows. Fiserv is now offering to help banks make the move.

Stablecoins 75

Stablecoins Interoperability Multi-Currency Privacy 75

Trade Credit & Liquidity Management

JUNE 24, 2025

This marks the first time a banking technology provider in the region has natively integrated USDC, aiming to bridge digital currencies and traditional financial systems. dollars, Matera’s clients can offer USDC as a balance option, enabling users to send, receive, and pay with USDC globally as easily as with local currency.

Stablecoins 52

Stablecoins Multi-Currency Interoperability Cross-Border Payments 52

Fintech News

MAY 5, 2025

Additional investors include White Star Capital, Fabric Ventures, Digital Currency Group (DCG), The Venture Dept., Designed for interoperability, the platform supports a range of use casesfrom remittances and merchant payouts to treasury and wallet operations. and several angel investors.

Cross-Border Payments 99

Cross-Border Payments Cross-Border Stablecoins Cross-Border Settlement 99

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. Swift is also addressing the growing fragmentation in the digital asset ecosystem.

SWIFT 145

SWIFT Multi-Currency CBDC Interoperability 145

The Payments Association

JUNE 3, 2025

Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments.

Security 88

Security Payment Security Payment APIs and Integration Credential 88

PYMNTS

NOVEMBER 7, 2016

4) it inked a partnership with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU). The company noted that the digital currency is a high security digital instrument that can be used in all mobile money and eMoney wallets.

Digital Currency 73

Digital Currency Financial Inclusion Interoperability Central Bank 73

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. The Federal Reserve Bank has been exploring a digital currency.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

OCTOBER 1, 2020

It’s a loyalty program overhaul that Visa and Novae say makes them the first to market with a working digital currency based on converted loyalty points. Points as Cash Requires Program Interoperability. Today we're managing our own currency, which is miles. We've done]. the reception has been incredible.”.

Digital Currency 93

Digital Currency Point-of-Sale (POS) Online and Mobile Banking Interoperability 93

Fintech News

MAY 19, 2025

With Asias cross-border commerce projected to surpass US$4 trillion by 2030, StraitsX said the move supports growing demand for trusted, compliant digital assets across interoperable ecosystems. said Liu Tianwei, Co-Founder and Deputy CEO at StraitsX.

Stablecoins 88

Stablecoins Cross-Border APACS Interoperability 88

Fintech News

JUNE 17, 2025

As interoperability between mobile wallets, bank transfers and global payment networks improves, markets across the region are already seeing increased transaction volumes and greater user engagement driven by seamless, frictionless payments.

Digital Payments 94

Digital Payments Cross-Border Payments Cross-Border Payments 94

PYMNTS

JULY 30, 2020

The new system, slated to debut in 2022, will also have the capability to handle a central bank digital currency (CBDC), such as a digital pound, CoinDesk reports. A digital currency could be later layered onto the revamped system if and when the BoE chooses to do so, the news site reported.

Real Time Gross Settlement (RTGS) 63

Real Time Gross Settlement (RTGS) Digital Currency Central Bank CBDC 63

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

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis.

Central Bank 57

Central Bank Digital Currency CBDC Federal Reserve 57

The Fintech Times

MARCH 3, 2025

In its new manifesto, ‘ Creating the Conditions to Support Growth and Innovation in Payments ‘, The Payments Association describes the 66 policies recommended by the 216 payments professionals working across financial crime, regulation, open banking, ESG, cross-border payments, digital currencies and financial inclusion.

Governance 59

Governance Government Financial Inclusion Consumer Protection 59

Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). Central Bank Digital Currencies must therefore be able to work together quickly, easily and securely across national borders.

CBDC 113

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

The Fintech Times

NOVEMBER 8, 2024

Client transfers at UBS are recorded and processed in a digital system for recording transactions – independent of currency, practically in real-time and around the clock. In addition to their role in correspondent banking, they also have the potential to streamline and simplify the settlement of tokenised assets in the capital market.”

Cross-Border 59

Cross-Border Cross-Border Payments Payment Solutions Blockchain 59

The Fintech Times

NOVEMBER 4, 2024

The initial test network (SGD Testnet) will offer three key features: Settlement facility – Issuance, transfer and redemption of S$ wholesale central bank digital currency (CBDC), with potential extensions to other forms of central bank and commercial bank liabilities.

Authorization 83

Authorization CBDC Multi-Currency Settlement 83

Fintech News

NOVEMBER 12, 2024

However, challenges remain, particularly regarding interoperability. To address this, stakeholders including NETS Group and Liquid Group are working on interoperable QR payment solutions that are designed to simplify processes for merchants, Chia said.

FinTech 109

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

Open Banking Excellence

MAY 2, 2024

Within all our projects – which range from central bank digital currencies (CBDCs) to Know-Your Customer (KYC) APIs – we aim to lower entry barriers for new entrants into the ecosystem. We are an observing member of Project mBridge, which is focused on interoperable CBDCs.

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. It was a contactless payment on POS using a card issued by Eurasian Bank JSC on the Way4 digital payments software system.

CBDC 131

CBDC Transactions Payment APIs and Integration Cross-Border 131

The Fintech Times

APRIL 17, 2024

The project The project harnesses R3’s expertise in delivering sophisticated projects tailored for regulated markets, leveraging its pivotal shared ledger functionality through Corda, alongside its Digital Currency solution from the newly introduced R3 Digital Markets product suite.

Payment APIs and Integration 137

Payment APIs and Integration Blockchain Finance Digital Payments 137

Fintech News

APRIL 10, 2024

As the adoption of these digital assets grows, the BIS stresses the importance of a regulatory framework that balances innovation with risk mitigation and highlights the potential for stablecoins to interoperate with other digital currencies, such as Central Bank Digital Currencies (CBDCs) and tokenised deposits.

Stablecoins 125

Stablecoins Regulations Risk Mitigation Digital Currency 125

PYMNTS

NOVEMBER 2, 2020

Tech-driven Interoperability and collaboration will finally bring trillions of dollars into the digital age, Kevin Phalen , head of global business solutions at Visa , told Karen Webster in a recent interview. Interoperability will get a boost with messaging standards such as ISO 20022. Delving Into Digital Currencies.

B2B 119

B2B Cross-Border Digital Currency Multi-Currency 119

PYMNTS

OCTOBER 15, 2020

The stage may even be set for the emergence of digital currencies, and as Circle’s Allaire said digital dollars (with 500 percent growth through the past several months), among others, have “really started to become not just a technical reality, but a legal and regulatory reality as well.”. Interoperability In Focus .

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

Fintech News

MARCH 25, 2024

Swift, the global financial messaging cooperative, revealed that the latest round of experiments conducted within a collaborative Central Bank Digital Currency (CBDC) sandbox has shown promising results for the application of CBDCs and digital tokens.

CBDC 109

CBDC SWIFT Interoperability Settlement 109

Fintech Finance

OCTOBER 8, 2024

Interoperable and compliant with global regulations, WadzChain supports multiple digital assets and payment gateways, offering smart wallet integration, comprehensive payment features, and flexibility for businesses to operate in both public and private environments.

Global Payments 124

Global Payments Blockchain TPS Interoperability 124

PYMNTS

OCTOBER 21, 2020

The digital framework promoted by the EC advocates identity based on the e-IDAS framework, leveraging existing national ID schemes and public/private partnerships to achieve scale, and allow banks’ corporate and consumer customers to navigate commerce and financial services across borders in a fluid way. Ready for Digital Currencies? .

Interoperability 126

Interoperability Digital Currency Cross-Border Regulations 126

The Paypers

SEPTEMBER 1, 2023

India-based YES BANK has gone live with Unified Payments Interface (UPI) interoperability on the Reserve Bank of India (RBI) Central Bank Digital Currency (CBDC) app.

CBDC 41

CBDC Interoperability Digital Currency Central Bank 41

PYMNTS

JANUARY 26, 2020

Villeroy said the plans were not because of Facebook’s Libra, but because of the speed of technology and the desire for digital currency by some banks. He added that “central banks were planning experiments with digital money and that the issue would be studied by the Eurosystem eurozone central banks.”.

Central Bank 100

Central Bank CBDC Digital Currency Cross-Border 100

Finextra

JULY 4, 2025

Home Announcements Crypto YZi Labs joins Digital Asset funding round External This content is provided by an external author without editing by Finextra. Traditional public blockchains are too transparent for sensitive financial data, while private chains lack interoperability and scalability.

Interoperability 59

Interoperability Privacy Blockchain Authorization 59

The Fintech Times

FEBRUARY 28, 2025

With the digital asset market projected to reach $16trillion by 2030, he warned about the risks of digital islands isolated token ecosystems lacking interoperability. The real challenge isnt creating digital assets; its making them work seamlessly across financial systems, he noted.

Embedded Finance 64

Embedded Finance AI Multi-Currency Compliance 64

Fintech Finance

JANUARY 11, 2024

The Practicalities of Cross-Border Payments in a Faster Payments World also highlights the challenges faced by fintech companies, providing insights into regulatory compliance, security, foreign exchange rate risks, lack of transparency, high costs, interoperability, data privacy, competition with financial institutions, and liquidity management.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Clearly Payments

JANUARY 4, 2024

As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency. Among the frontrunners is Bitcoin (BTC), widely recognized as the pioneer in the digital currency space. This is covered in the below section. What are Stablecoins?

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept. Interoperability Is Key.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

Fintech News

JANUARY 10, 2024

The top fintech trends in Singapore shaping this growth include instant cross-border transactions, generative AI across financial services, emerging digital currency uses, embedded finance “as-a-Service”, and increased ESG reporting and data convergence.

Cross-Border 117

Cross-Border FinTech Cross-Border Payments Embedded Finance 117