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Banking Circle, a Luxembourg-licensed bank specialising in next-generation banking services, is set to acquire Australian Settlements Limited (ASL), an authorised deposit-taking institution. This milestone brings us closer to our vision of creating a global real-time clearing and settlement hub for all major currencies.”
The payment giants approach covers wallet enablement, card issuance, acceptance, and settlement options to support the everyday use of stablecoins alongside traditional money. The post Mastercard Advances Stablecoin Use for Consumer Payments, Merchant Settlements appeared first on Fintech Singapore.
The pilot showcased how financial institutions can use Swift’s infrastructure to facilitate off-chain cash settlements for tokenised funds with fiat payment systems across more than 11,500 financial institutions in over 200 countries. ” said Sergey Nazarov, Co-Founder of Chainlink.
The network aims to enable faster, lower-cost international money transfers by utilizing stablecoins such as USDC, EURC, and other regulated digital currencies for real-time settlement between participants like banks, payment providers, virtual asset service providers, and digital wallets.
This achievement builds on a recent successful test settlement of a Hong Kong dollar (HKD)-denominated transaction between the two companies. Featured image credit: Edited from Freepik The post Standard Chartered, Ant Complete First Blockchain-Based SGD Settlement appeared first on Fintech Singapore.
OSTTRA and Baton Systems have announced that Partior has connected to their on-demand FX payment-versus-payment (PvP) settlement network, enabling financial institutions to settle foreign exchange transactions using tokenised commercial bank deposits with 24/7 access.
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. Let’s dive in.
Sethaput Suthiwartnarueput, Governor of the Bank of Thailand , recently addressed the Singapore Fintech Festival, sharing insights on Thailand’s advancements in digital finance. The post Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024 appeared first on Fintech Singapore.
Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-time payment settlements. It supports tokenised currency issuance, FX, and settlement across both public and private blockchain networks.
The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. The ongoing work towards implementing a cross-currency settlement service in TIPS, allowing funds to be transferred between all TIPS currencies, will also encompass the Norwegian krone. “We
Deutsche Bank has joined the extended Series B funding round for blockchain-based fintech firm Partior , bringing the total raised to US$80 million and marking the close of the round. Morgan, Standard Chartered, and Temasek, Partior uses blockchain technology to enable real-time clearing and settlement.
How fintechs are challenging traditional banks in the merchant services space, posing a threat to banks’ core business and revenue streams. The shift driven by fintechs could erode banks’ dominance, forcing them to modernise or risk losing a significant share of the market. What is this article about? Why is it important?
It enables secure and compliant transactions, with 24/7 payment settlement capability, offering uninterrupted fund circulation throughout the trade process. The post XTransfer Gets Green Light for Singapore Payment License appeared first on Fintech Singapore. said Bill Deng, Founder and CEO of XTransfer.
Singapore FinTech Festival returned for its ninth annual edition, bringing together policy, finance and technology communities at the Singapore EXPO. Here’s our pick of the announcements made at Singapore FinTech Festival 2024.
Kenyan bank KCB Group and the Rwanda-based Bank of Kigali have joined the Pan-African Payment and Settlement System (PAPSS), which was launched by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat.
Lower Fees and Instant Settlement Another major benefit is the fees associated with crypto payments. Settlement speeds are another major advantage. 04 March See all Opinions from Shane More expert opinions James Baston-Pitt Head of Growth UK, EMEA and APAC at Alloy Do fintechs stand a chance against shapeshifting, faceless fraudsters?
The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. ” The post BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance appeared first on Fintech Singapore.
OCBC China will also act as XTransfer’s global account manager, working closely with the banks subsidiaries to support cross-border settlements and facilitate business growth. The post XTransfer, OCBC Team Up to Provide Enhanced Financial Services for SMEs appeared first on Fintech Singapore.
This plug-and-play collaboration will allow consumers to pay with crypto at Ingenico terminals, while merchants can seamlessly receive settlements in their local currency, eliminating currency risk. Ingenico, a French merchant services tech company, has partnered with Crypto.com to enable crypto payments for millions of merchants worldwide.
The central bank views digital currencies as a cost-effective tool for trade settlements, remittances, and other financial transactions, though comprehensive testing is necessary before widespread implementation.
Offline settlements with a digital pound: Lessons from the BoE’s report 16 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? These are linked to the requirement for instant offline settlement, i.e. digital money leaves the payer device to go into the payee’s device. Why is it important?
RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important?
The post Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account With BSP appeared first on FF News | Fintech Finance.
Additionally, integrated settlement and liquidity management solutions, overseen by the Central Bank as the clearing and settlement agent, provide real-time net position updates and multiple settlement cycles, while a national QR payment standard known now as “SOMQR” enables fast contactless transactions with a simple scan.
As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management use case for real-time multi-currency clearing and settlement. By enabling interoperability between bank solutions, payments can be completed 24/7 with FX settlement conducted in real-time.
With this access, UOB will offer RMB clearing, settlement, and payment services to businesses and financial institutions in and outside China. The bank said this enables real-time gross settlement and reduces intermediary steps, helping clients lower payment and clearing costs.
Onafriq , in collaboration with the Pan-African Payment and Settlement System (PAPSS), announced the launch of a new cross-border payment service that will initially pilot outbound transactions in Ghana. The African Export-Import Bank (Afreximbank) serves as the settlement entity, ensuring trusted and timely settlement between parties.
The introduction of VND accounts aims to support cross-border transactions involving Vietnam by potentially speeding up settlement, simplifying payment reconciliation, and improving cash flow management for businesses operating internationally.
Founded in 2021, Partior utilizes blockchain technology to transform clearing and settlement, and redefine the way value moves globally. Featured image credit: edited from freepik The post 6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments appeared first on Fintech Singapore.
As real-time payments take off, set to make up one in three transactions worldwide by 2030, a new whitepaper from RS2, a global payments technology provider, warns the industry is falling behind where it matters most: fee settlement. The post Real-Time Payments Demand Real-Time Fees, Says RS2 Whitepaper appeared first on The Fintech Times.
Settlements made with stablecoins provide exactly these four things. Working with Circle will provide real-time, 24/7 funding for our Members, with the speed of USDC settlement, as we look to further accelerate cross-border payments innovation.” said Jeremy Allaire, Co-founder and CEO of Circle.
The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. The post BIS Exits ‘Project mBridge’ Citing Maturity Amid BRICS Speculation appeared first on Fintech Singapore. That has happened already with other projects,” Carstens remarked.
NBC has selected ACLEDA Bank and Sathapana Bank as the sponsoring banks in Cambodia, while PJA has appointed NETSTARS as the payment and settlement operator in Japan. The post Cambodia and Japan to Link National QR Payment Systems appeared first on Fintech Singapore.
Trustly , the global leader in Pay by Bank solutions, has announced that it will now support RIX INST, the instant settlement system of Sveriges Riksbank , the Swedish Central Bank, solidifying Trustlys leading position in instant payouts.
The Do Pay payment solution is at the center of a major expansion as the Peruvian fintech rolls out its innovative digital offering across Latin America. Recently, the mentioned fintech entered the United States and plans to expand its presence in Brazil starting in the second half of 2025.
Designed to process transactions as small as $0.0001, AIsa enables instant settlements with near-zero fees. Key features include: Zero-Latency Transactions: Millisecond-level settlement speeds to meet real-time demands. Ultra-Low Cost: Support for microtransactions with negligible fees.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. Traditionally, fintechs are known for their agility, innovation and ability to disrupt traditional financial systems.
Retailers will also benefit from same-day settlement in local currencies like EUR, GBP, USD, and CHF, ensuring a smooth, risk-free integration. The post Lunu Pay Partners With Ingenico to Revolutionise Crypto Payments in Retail appeared first on FF News | Fintech Finance.
KuCoin Pay is committed to reducing transaction fees and facilitating immediate settlement of crypto payments, simplifying the process for businesses to manage transactions efficiently. The post KuCoin Launches KuCoin Pay, a Merchant Solution Leading the Future of Crypto Payments appeared first on FF News | Fintech Finance.
How can fintech support its evolution and growth? But with growing access to the internet, does Nepal actually hold the ideal conditions for fintech growth? The nation’s fintech journey began at least as early as 1990 when Nepal Arab Bank (now known as NABIL Bank ) introduced credit cards.
Additionally, integrated settlement and liquidity management solutions, overseen by the Central Bank as the clearing and settlement agent, provide real-time net position updates and multiple settlement cycles, while a national QR payment standard known now as “SOMQR” enables fast contactless transactions with a simple scan.
” Overcoming operational challenges Dealers will also benefit from same-day payment settlements, which Airwallex says will boost overall cash flow and efficiency. ” The post Carwow Integrates Airwallex API to Enable Enterprise Dealer Groups to Access Same Day Settlement appeared first on The Fintech Times.
Clearing houses, often managed by the RBI or lead banks, facilitated the physical exchange and settlement of cheques. Real-Time Gross Settlement (RTGS) (2004): A major leap forward, establishing a robust system for large-value, real-time interbank fund transfers, enhancing systemic efficiency and reducing settlement risk.
Alipay+ expanded its vibrant wallet-based payment and digtalisation space that further strengthens WorldFirst and Antom , the two business fintech services. The post Ant International Deepens Payment and Digitalisation Ecosystem with AI-Driven Embedded Finance Solutions in Year of Transformation appeared first on FF News | Fintech Finance.
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