Remove Facilitators Remove Interoperability Remove Real Time Gross Settlement (RTGS)
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The Journey of Payments and Clearing Systems in India

Finextra

Moneylenders, traders, and Shroffs (money changers and bankers) facilitated credit and remittances. Colonial Era (17th Century - 1947): Introduction of Formal Banking The British colonial period saw the gradual introduction of modern banking principles and institutions, primarily to facilitate trade and administration.

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Key considerations for the adoption of digital currencies

Finextra

They will need to co-exist with existing clearing and settlement processes and infrastructures, and this means interoperability is crucial. A typical use case is the clearing and settlement of international payments. The transfer volume of stablecoins hit highs of $717.1 billion in April. Let’s explore.

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Successful Migration of the Kenya Electronic Payment and Settlement System to the ISO20022 Global Messaging Standard

Fintech Finance

The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). KEPSS, which is Kenya’s Real-Time Gross Settlement (RTGS) system, is operated by CBK to process large-value and time-critical payments.

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U.S. Faster Payments Council Publishes Interoperability White Paper

Faster Payments Council

Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today released a new Faster Payments Interoperability white paper developed by the FPC Network Committee. Our Network Committee includes experts from U.S.

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Basware Integrates Solutions With SAP App Center

PYMNTS

The firm is also an OEM partner in the SAP PartnerEdge Build program , which provides the tools and support to “facilitate building high-quality, disruptive applications focused on specific business needs, quickly and cost-effectively.” The program offers SAP technologies through one global OEM contract.

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Bank of Thailand Concludes Retail CBDC Pilot Programme, Reveals Key Findings

Fintech News

Thailand’s CBDC journey The BOT’s journey towards a CBDC began in 2018 with Project Inthanon, which focused on creating a decentralised Real-Time Gross Settlement (RTGS) prototype using wholesale CBDC. The Innovation Track consisted of public engagements and exploring CBDC for financial innovation.

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The payments regulation roadmap: Q2 2025

The Payments Association

It introduces a richer, more structured data format for payment messages, designed to enhance interoperability, increase efficiency, and reduce ambiguity in financial communications. Firms involved in issuance, custody, or facilitation of stablecoin payments should expect heightened scrutiny and ongoing supervision.