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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. Furthermore, the project aligns with broader economic goals by fostering financial inclusion and supporting sustainable growth.

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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

These projects leveraged distributed ledger technology (DLT) to settle trades more quickly and securely, using delivery-versus-payment (DvP) mechanisms that reduce counterparty risk. That means it is easily accessible at various levels of technology and can also be accessed offline.”

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13 APAC-Born Companies Recognized Among Top Global Cross-Border Payment Leaders of 2025

Fintech News

With a strategic partnership with MoneyGram and other financial institutions, SBI Remit enables transfers to over 200 countries and regions. The company was an early adopter of distributed ledger technology (DLT), teaming up in 2017 with Ripple Labs and pioneering blockchain-based remittances from Japan to Thailand and Vietnam.

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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies. The PoC explored two models.

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The Hashgraph Association Backs Global Center for Sustainable Digital Finance With $1.5Million

The Fintech Times

With funding from the Hashgraph Association, the Center plans to expand its efforts to address global challenges in banking, ESG , financial inclusion , and climate finance.

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Central Bank Digital Currencies (CBDCs) in 2024

Clearly Payments

The BoC has engaged in several initiatives, including Project Jasper, which examines how distributed ledger technology (DLT) could be integrated into the country’s payment systems. It was introduced to promote financial inclusion in the country, especially in remote areas where access to banking services is limited.

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5 Top Payment Trends Impacting Asia in 2024

Fintech News

The development of these digital currencies signifies a major shift towards more inclusive and efficient financial systems. Prototypes and proofs of concept are being developed for payment systems based on distributed ledger technology (DLT).