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.

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

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. Streamlining backend infrastructure and processes was cited by 6% of participants, suggesting operational efficiency remains a secondary concern.

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

The Fintech Times

FEBRUARY 17, 2025

SCBHK, Animoca Brands and HKT have been jointly participating in the HKMA stablecoin issuer sandbox launched in July 2024, to explore how stablecoins can play a key role in the development of financial markets and payments by bridging Web3 and traditional finance, thus strengthening Hong Kongs position as a global digital assets hub.

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Stablecoins Issuers Use Case Cross-Border Payments 104

The Fintech Times

NOVEMBER 4, 2024

We are encouraged by the keen participation from financial institutions and fellow policymakers to co-create industry standards and risk management frameworks to facilitate commercial deployment of tokenised capital markets products, and scale tokenised markets on an industry-wide basis.”

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Authorization CBDC Multi-Currency Settlement 83

The Fintech Times

SEPTEMBER 11, 2024

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC.

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CBDC Cross-Border Payments Transactions Cross-Border 126

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.

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PYMNTS

SEPTEMBER 25, 2020

Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Her speech, entitled “Payment and the Pandemic,” included a section on digital currencies.

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Fed Federal Reserve Digital Currency Central Bank 132

PYMNTS

SEPTEMBER 29, 2020

People provided access to the online technology of Estonia via an eResidency program are reportedly being connected to digital currency schemes in other countries, Bloomberg reported. million individuals that assisted in making Skype and blazing a trail for digital voting. Estonia is a country of 1.3

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Participant Digital Currency Bitcoin Scams 77

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. 4), Corbat said the development of such digital currencies was likely inevitable with the way money has been trending.

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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.

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The Fintech Times

APRIL 11, 2025

To enable banks and financial institutions to safeguard their digital assets while maintaining full sovereignty over their operations, Taurus, the European digital asset infrastructure provider for banks, has launched Taurus-NETWORK (TN). Instant transfer confirmation is also possible.

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PYMNTS

NOVEMBER 25, 2020

The Federal Ministry of Finance in Nigeria is said to be in discussions with the securities watchdog in the country to create a new digital currency and blockchain structure, Cointelegraph reported. As it stands, bitcoin and other digital currencies are seeing increasing use in Nigeria.

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PYMNTS

NOVEMBER 24, 2020

At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. Square and PayPal have reportedly been a major instigator in the price rally, buying large quantities of the digital currency.

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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. The country stands out in this regard.

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Fintech News

JANUARY 21, 2025

Regional integration is playing a key role, with governments accelerating their efforts to enhance cross-border commerce and digital economy participation. In particular, cloud computing is becoming increasingly prevalent, with 60% of banks in Singapore migrating their core systems to the cloud.

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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). The participants noted significant improvements in the efficiency, cost, speed, and transparency of cross-border transactions.

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

Fintech Finance

APRIL 7, 2025

The events bring together 600+ participants united by a passion for delivering the best outcomes for customers. A busy day of content is rounded off by networking sessions tailored to the needs of participants. The 2025 editions of FTT Embedded Finance & Super Apps , FTT Payments and Customer Alpha will run in London on 13th May.

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Fintech Finance

APRIL 7, 2025

The events bring together 600+ participants united by a passion for delivering the best outcomes for customers. A busy day of content is rounded off by networking sessions tailored to the needs of participants. The 2025 editions of FTT Embedded Finance & Super Apps , FTT Payments and Customer Alpha will run in London on 13th May.

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Embedded Finance Participant Finance Digital Currency 52

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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The Fintech Times

NOVEMBER 8, 2024

UBS plans to further expand and develop its UBS Digital Cash offering. Pilot participant Janko Hahn , head of treasury operations at Autoneum , said: “The UBS Digital Cash pilot showcased the key advantages of blockchain-based payment solutions.

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Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Institutional investors focus on digital assets.

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The Fintech Times

MAY 30, 2024

“Continued adoption from industry participants like PayPal helps realise the next generation of fintech innovation.” “Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments.”

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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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PYMNTS

MARCH 19, 2020

In other news, Hawaii is rolling out its inaugural experimental program for cryptocurrency called the Digital Currency Innovation Lab, according to an announcement. As it stands, it is estimated that approximately 1 million people from Thailand are working around the world and sending funds home.

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Digital Currency Non-Bank Cross-Border Bitcoin 53

The Fintech Times

JUNE 6, 2024

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). The platform now invites further international participation and private sector proposals for value-added solutions.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

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Fintech News

OCTOBER 6, 2024

Banks in North America, Europe, and Asia will participate, using Swift ’s platform to conduct transactions involving both digital assets and traditional currencies. These trials will demonstrate Swift’s orchestration capabilities, moving beyond experimentation to real-world application.

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Fintech News

NOVEMBER 12, 2024

The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. It aims to accelerate digital transformation and advance financial inclusion.

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Fintech News

MAY 8, 2024

The conference drew over 3,000 participants from 87 countries, including 24 nations across the Asia Pacific region. Key topics addressed at Money20/20 Asia included AI, cross-border payments, open banking, digital assets, and Central Bank Digital Currencies (CBDCs).

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Fintech News

JUNE 4, 2024

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).

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Cross-Border Payments Cross-Border CBDC Settlement 107

The Fintech Times

APRIL 17, 2024

This collaborative effort within the financial services sector aims to explore avenues for users to conduct payments, transactions and settle obligations within the evolving digital marketplaces of tomorrow. Supported by EY and Linklaters , the technological backbone of this endeavour comprises R3, Quant, DXC Technology (DXC) and Coadjute.

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Fintech News

MARCH 17, 2025

One of the most influential fintech events in the world, Money 20/20 Asia gathers C-level executives, innovators, and regulators to explore the evolving digital finance landscape. Topics will range from Central Bank Digital Currencies (CBDCs) to financial inclusion and AI-driven banking solutions.

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FinTech Cybersecurity AI Financial Inclusion 88

PYMNTS

DECEMBER 6, 2020

Some Chinese shoppers visiting an established online mall will be able to buy goods with the country's first official digital currency under a new trial announced over the weekend, Reuters and other wire services reported. Bloomberg reported that the 100,000 digital currency vouchers are valued at about 20 million yuan.

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PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. Any bank can participate in the digital currency initiative, Ledger Insights reported.

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PYMNTS

MARCH 10, 2020

To allow users to borrow against their holdings, digital currency wallet and exchange company Blockchain.com unveiled a “Borrow” Service. Lending has become a quickly growing area in the digital currency sector. The offering will provide loans in stablecoins that are denominated in U.S.

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Digital Currency Bitcoin Stablecoins Blockchain 86

PYMNTS

SEPTEMBER 14, 2016

government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. According to the resolution, digital currencies increase transparency and provide more secure payment authentication. 12) by the U.S.

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