Remove Distributed Ledger Technology (DLT) Remove ISO 20022 Remove Settlement
article thumbnail

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. The platforms met all criteria, showcasing their capability to effectively support the envisioned system.

article thumbnail

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

The Payments Association

Das added that improved liquidity due to streamlined settlement processes will reduce the need for intermediary currencies and lower the transaction costs. These projects leveraged distributed ledger technology (DLT) to settle trades more quickly and securely, using delivery-versus-payment (DvP) mechanisms that reduce counterparty risk.

CBDC 88
article thumbnail

Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail. Volante Explores the Real-Time B2B Value Prop.

B2B 104
article thumbnail

SWIFT: Real-Time Payments Demands Real-Time Security And Compliance

PYMNTS

Federal Reserve recently revealed plans to build its own instant clearing and settlement rails. ISO 20022 is already the dominant standard in the instant payments market and has been implemented in Australia, U.S., In the domestic payments space, the U.S. Canada, Sweden, Denmark and Singapore.

article thumbnail

B2B Use Cases Drive Up Real-Time Demand

PYMNTS

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. In the latest show of support for distributed ledger technology, J.P.

article thumbnail

Indonesia Completes Rupiah Digital PoC, Advancing Wholesale CBDC Exploration

Fintech News

This phase, part of the Immediate State of Project Garuda, focused on testing a distributed ledger technology (DLT)-based wholesale cash ledger system to assess its feasibility, security, and compatibility with Indonesia’s financial ecosystem.

CBDC 115