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Navigating payments interoperability in the digital economy

Finextra

Camilla Bullock, Chief Executive Officer for Emerging Payments Association Asia, delves into the role of payments interoperability in the digital economy and its facilitation of global trade ahead of Singapore Fintech Festival 2023.

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Why Click to Pay integration is now critical for card issuers

The Payments Association

Adapting for a future-ready payments ecosystem As digital payment standards evolve, Click to Pay represents the start of a shift toward a more interoperable, standardised payment future. This approach minimises the total cost of ownership associated with compliance.

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Cross-Border Payments Come to Digital Wallets—Bypassing Banks—in 130 Countries Through Chimoney and The Interledger Foundation

Fintech Finance

The Interledger Foundation , an organization building and advocating for an open, interoperable payment network, and Chimoney , a fintech company providing multi-currency wallets and infrastructure for cross-border payments, today announced their work to power cross-border payments between more than 130 countries worldwide.

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FSS UPI 2.0

Payments Dive

India’s Unified Payment Interface (UPI), an interoperable payment infrastructure for real-time clearing and settlement of funds, is designed to meet the emerging payment needs of customers in a 24/7 digital economy.

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Mastercard And Visa Tag-Team Tokens

PYMNTS

An effort, Mastercard’s Group Executive of Platforms and Emerging Payments James Anderson pointed out in conversation with Karen Webster, that has grown up alongside of both networks’ attempts to develop their digital payments platforms — Visa Checkout and Masterpass. Tokens Get Turbocharged.

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India’s Digital Payment Revolution: A Decade of Unprecedented Growth

Fintech News

The system is widely used across India for a variety of financial transactions, including peer-to-peer (P2P) payments, bill payments, and online shopping, accounting for 53.4% They allow payment aggregator-cross border (PA-CB) providers to operate independently, without the support of authorized dealer (AD) banks.

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Integration Challenges Remain For Digital Wallets, Despite Increase in Global Adoption

The Fintech Times

As much as 40 per cent of payment leaders report losing business due to cross-border payment issues, according to a new study by Thunes , a global money movement firm, and Visa , the digital payments giant. By 2026, 60 per cent of the world’s population is expected to use digital wallets for payments day-to-day.