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

Fintech News

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual Cross-Border Payments 100 list, highlighting the 100 most influential players in global payments. Released on May 08, the 2025 Cross-Border Payments 100 recognizes industry leaders across the sector.

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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. The PoC demonstrated the transformative potential of DLT-based systems in improving liquidity management.

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Bank of Thailand to Test Programmable Payments in Enhanced Sandbox

Fintech News

Daranee Saeju, Assistant Governor of Payment System Supervision and Financial Service User Protection at the Bank of Thailand (BoT) , announced the launch of a new initiative to test programmable payment systems under the Enhanced Regulatory Sandbox framework. Applications are open from 13 June 13 to 13 September 2024.

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Banco Santander, Lloyds Banking Group, and UBS Successfully Settle Pilot Uncleared Margin Transfers in the Sterling Fnality Payment System

Fintech Finance

Banco Santander , Lloyds Banking Group , and UBS have successfully completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS). This use case is expected to ultimately enable significant balance sheet benefits for banks.

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Project Meridian FX: Joint Project by the Eurosystem and London Centres, and the Bank of England, to Test Synchronised Settlement in FX

Fintech Finance

The project will provide insights on how operators of real-time gross settlement (RTGS) systems could enable interoperability with new payments technologies, such as distributed ledger technology (DLT). The experiments will take place towards the end of 2024.

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

The Payments Association

Early deployments across Asia, the Caribbean, and Europe reveal how people are using CBDCs, how merchants are responding, and what this means for cross-border payments in an increasingly interconnected world. Digital tokens could extend payment services to the unbanked without requiring full account registration or constant online access.

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Standard Chartered Utilises Blockchain for Cross-Border Transactions Between Hong Kong and Singapore

The Fintech Times

Heiko Nix, global head of cash management and payments at Siemens AG Heiko Nix , global head of cash management and payments at Siemens AG, said: “Siemens AG’s collaboration with Standard Chartered marks a pivotal advancement in the realm of cross-border transactions.