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

Finextra

Post-Independence (1947 - 1990s): Building the Foundation After independence, India focused on strengthening its financial infrastructure and extending banking services. Nationalization of Banks (1969, 1980): A major policy shift aimed at increasing financial inclusion and directing credit to priority sectors.

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Unlocking the Future of Global Payments: A Deep Dive into China’s CIPS

Finextra

Unlike traditional mechanisms, CIPS provides both real-time gross settlement (RTGS) and deferred net settlement (DNS) modes, enabling financial institutions worldwide to clear and settle RMB transactions across time zones. It expresses the views and opinions of the author.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

The letter highlighted the role of faster payments as a panacea to financial inclusion problems in the U.S. The Fed’s real-time payments proposal, FIN says, will address these issues with a new, modern and interoperable system.

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Banking Circle Enhances European Payment Capabilities with Swiss Interbank Clearing (SIC) Access

Fintech Finance

This latest development represents major progress in the bank’s mission to build a global payments platform with interoperability at its core and deliver instant, low-cost, scalable cross-border solutions across Europe. ” The CHF solution is live now, with full commercial rollout underway.

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Banking Circle Now Provides Access and Account Infrastructure for 5 of 12 Major Currencies in Europe

The Fintech Times

Banking Circle , the global clearing provider, has made major progress in its effort to build a global payments platform with interoperability at its core, as it strengthens its embedded financial infrastructure with direct access to the Swiss National Bank ‘s Swiss Interbank Clearing (SIC) system.