The Payments Association

JUNE 3, 2025

In doing so, they risk missing the core innovation that digital money promises: the ability to transfer value directly, securely, and potentially without the need for intermediaries. Beyond technical proof points, these initiatives underscore the need for global interoperability. Flexibility is also crucial when it comes to custody.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

Fintech News

NOVEMBER 12, 2024

The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. However, challenges remain, particularly regarding interoperability.

FinTech 109

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 109

Fintech News

DECEMBER 9, 2024

The goal is to attract investment and innovation, maintain Singapore’s competitive edge in the global arena, and expand financial inclusion. However, this embrace of the new is not without a cautious side, as Singapore carefully balances innovation with robust regulation and consumer protection.

Cryptocurrency 117

Cryptocurrency Cross-Border Consumer Protection Facilitators 117

Fintech Finance

DECEMBER 11, 2024

This innovative approach uses federated learning techniques, combined with privacy-enhancing technologies (PETs), to enable collaborative intelligence without compromising proprietary data. Heres how it works for Swift: A copy of Swifts anomaly detection model is sent to each participating bank.

SWIFT 95

SWIFT AI Cross-Border Payments Privacy 95

The Fintech Times

NOVEMBER 6, 2024

As expected, innovations and announcements were rife throughout, here’s a roundup of all the news coming out of the global event. “For Visa, this is an opportunity to deliver innovations that enhance payment experiences across Asia Pacific with greater flexibility, security, and convenience.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

Fintech Finance

MARCH 24, 2025

By introducing the SOMQR standard and establishing the Somalia Payment Switch (SPS) as the scheme manager and operator, CBS aims to reduce reliance on cash, ensure interoperability, and expand financial services across the country. The demand for secure, fast, and modern payment solutions has been pressing. Abdirahman M.

Instant Payments 90

Instant Payments Settlement Payments Central Bank 90

Fintech News

FEBRUARY 28, 2025

Based in Singapore, the NSO will be owned by the central banks and IPS operators of participating countries. Initially, these include countries like India, Malaysia, the Philippines, Singapore, and Thailand, with Bank Indonesia participating as a special observer. List of cross-border linkages that have gone live in Southeast Asia.

Cross-Border Payments 70

Cross-Border Payments Cross-Border Payment APIs and Integration ISO 20022 70

Fintech News

JUNE 12, 2024

The Bank for International Settlements (BIS) Innovation Hub ‘s Point Zero Forum 2023 roundtable brought together key stakeholders and leaders from both the public and private sectors to discuss opportunities and challenges in cross-border payments.

Cross-Border Payments 122

Cross-Border Payments Cross-Border Interoperability Payments 122

The Fintech Times

APRIL 17, 2024

The creators envision the UK RLN as a unified ‘innovation platform,’ integrating various currency forms like current commercial bank deposits and a shared ledger for tokenized commercial bank deposits. This strategic choice highlights their complementary methods in achieving interoperability as well as seamless integration.

Payment APIs and Integration 137

Payment APIs and Integration Blockchain Finance Digital Payments 137

Fintech Finance

MARCH 30, 2025

It is expected that all participant banks, from Italy, Portugal, Spain and Andorra, will be connected by June. EuroPA enables interoperability between Bancomat, Bizum and MB WAY, connecting more than 50 million users and 186 financial institutions from Italy, Portugal, Spain and Andorra.

Instant Payments 59

Instant Payments Cross-Border Cross-Border Payments Payments 59

Open Banking Excellence

MAY 2, 2024

Today, Georgia is a centre of fintech innovation and home to a pioneering Open Banking ecosystem. In doing so, it bridged Western and Eastern cultures, serving as a conduit for the propagation of innovations and knowledge.” Our banks are agile and innovative. It is a competitive market.

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

Fintech News

JANUARY 15, 2024

Looking ahead, the Monetary Authority of Singapore (MAS) has introduced the SGQR+, an innovative concept aimed at revamping Singapore’s QR payments infrastructure for the future. Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants.,

Interoperability 117

Interoperability Cross-Border Payments Financial Inclusion 117

Fintech News

JULY 9, 2024

The company plans to continue rolling out innovative commerce products in partnership with Pine Labs. The company also collaborates with DBS Bank, Google Pay, United Overseas Bank, and Singtel Dash as part of its loyalty program to enable interoperable payments.

Interoperability 110

Interoperability Payments Payments Institute Facilitators 110

Fintech Finance

MARCH 30, 2025

It is expected that all participant banks, from Italy, Portugal, Spain and Andorra, will be connected by June. EuroPA enables interoperability between Bancomat, Bizum and MB WAY, connecting more than 50 million users and 186 financial institutions from Italy, Portugal, Spain and Andorra.

Instant Payments 52

Instant Payments Cross-Border Cross-Border Payments Payments 52

Fintech Finance

MARCH 24, 2025

By introducing the SOMQR standard and establishing the Somalia Payment Switch (SPS) as the scheme manager and operator, CBS aims to reduce reliance on cash, ensure interoperability, and expand financial services across the country. The demand for secure, fast, and modern payment solutions has been pressing. Abdirahman M.

Instant Payments 69

Instant Payments Settlement Payments Central Bank 69

Fintech News

NOVEMBER 6, 2024

Building on the success of the SGQR+ initiative led by the Monetary Authority of Singapore (MAS), roamQR will enable interoperability between various e-wallets, mobile payment apps, and national QR networks. With roamQR, users will be able to make payments using their preferred e-wallet at participating merchants across different countries.

PCI DSS 109

PCI DSS Cross-Border Payments Interoperability Push-to-Card 109

Finovate

SEPTEMBER 20, 2024

What is the level of interest in fintech innovation there? A recent example of this was with Hungary’s OTP, which in June 2023 became the first international player to participate in the privatization of the Uzbek banking sector, acquiring former state-owned Ipoteka Bank. There is a lot of talk about enabling technologies such as AI.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

The Payments Association

MAY 3, 2025

It highlights how innovation, regulation, AI, and risk management are shaping the future of payments and impacting business models. Firms must build resilience, align with evolving regulations, and invest in practical innovation to stay competitive in a volatile landscape. Why is it important?

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88

Finovate

NOVEMBER 1, 2024

The round also featured participation from Google’s Africa Investment Fund, Verod Capital, and Lightrock. Speaking on behalf of DPI , Adefolarin Ogunsanya praised the company for its “combination of innovative technology, fast growth, and positive impact on the continent.”

Financial Inclusion 111

Financial Inclusion Cross-Border FinTech Visa 111

Fintech News

MAY 27, 2024

CBDC for cross-border payments, programmable money, and DeFi Kazakhstan’s Digital Tenge project is pursuing several ambitious goals: intensifying cross-border trade, implementing innovative social and anti-corruption initiatives, and integrating digital assets issued by decentralised finance (DeFi) participants and those issued by the government.

CBDC 131

CBDC Transactions Payment APIs and Integration Cross-Border 131

Fintech Finance

MAY 1, 2025

Financial inclusion is not just about facilitating transactions; it is about providing the infrastructure, rules, and governance that enable individuals and businessesespecially women and underserved communitiesto participate fully in the digital economy.

Financial Inclusion 52

Financial Inclusion Instant Payments Cross-Border Payments Underserved 52

Fintech Finance

JUNE 17, 2024

The Eurosystem and London Centres of the BIS Innovation Hub, together with the Bank of England , have launched Project Meridian FX, to build on the findings of Project Meridian by focusing on foreign exchange (FX) transactions.

Distributed Ledger Technology (DLT) 97

Distributed Ledger Technology (DLT) Real Time Gross Settlement (RTGS) Settlement Interoperability 97

The Payments Association

MARCH 18, 2025

Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products. As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Fintech News

MARCH 25, 2024

Over the last six months, 38 global institutions participated in Swift’s CBDC sandbox, marking it as one of the most extensive CBDC experiments to date. Specifically, in digital trade, the experiments proved the capability for interoperability among diverse digital networks, facilitating atomic trade payments.

CBDC 109

CBDC SWIFT Interoperability Settlement 109

Fintech Finance

AUGUST 20, 2024

TerraPay , a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Interoperability Payments 52

PYMNTS

MAY 1, 2020

The EU’s PSD2 and GDPR regulations were passed in 2018 and designed with a primary focus on interoperability between open banking systems around the world. The FSS understands that innovations often lead to heightened systemic, operational and cyber risks, as well,” he noted. “[It] The Interoperability Dream .

Privacy 98

Privacy API Innovation Payment APIs and Integration 98

The Payments Association

JANUARY 21, 2025

With in-depth data covering global market penetration, transaction values, and consumer preferences, the insights presented here will empower decision-makers to refine their strategies, enhance operational efficiency, and capitalise on the growing demand for innovative payment solutions.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

The Payments Association

JANUARY 13, 2025

It addresses how evolving regulations shape the digital asset landscape, influencing innovation, compliance, and global competitiveness. PSPs must adapt by enhancing compliance, leveraging new frameworks for innovation, and collaborating to shape practical regulatory solutions. This could slow innovation and hike costs.

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

The Payments Association

MARCH 17, 2025

How the FCA can define and balance acceptable risk in UK payments regulation to support innovation while ensuring financial stability and consumer protection. Industry stakeholders and regulators must collaborate to refine risk-based policies that enable innovation while safeguarding financial integrity. Why is it important?

Regulations 88

Regulations Risk Stablecoins Payments 88

Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). The participants noted significant improvements in the efficiency, cost, speed, and transparency of cross-border transactions.

CBDC 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

The Fintech Times

MARCH 25, 2025

Meeting both local and international regulatory standards, the platform integrates various components, including an Integration Platform for seamless connectivity, a Participant Portal for real-time transaction monitoring, and a Dispute Portal for efficient case resolution. Abdullahi, CBS governor and SPS chairperson Abdirahman M.

Instant Payments 59

Instant Payments Payments Settlement Central Bank 59

Fintech News

OCTOBER 28, 2024

Finalists in the corporate categories were evaluated based on impact, sustainability, practicality, interoperability, and creativity, while individual submissions were assessed on contributions to the Singapore fintech sector. Four finalists were shortlisted in each category. Ripple, NETS, Syfe, and YouTrip returned as sponsors this year.

AI 108

AI FinTech Innovation Payment APIs and Integration 108

The Fintech Times

JULY 17, 2024

Two firms combining forces to make this simple and more seamless are Global Digital Finance (GDF), the global members association and platform for open innovation in digital assets in financial services and the Global LEI Foundation (GLEIF), the global not-for-profit organisation.

Best Practices 87

Best Practices Interoperability Message Standards Legal 87

Fintech Finance

AUGUST 1, 2024

The Interledger Foundation , an organization building and advocating for an open, interoperable payment network, today announced its work with the People’s Clearinghouse, a social sector tech platform that services community banks and credit unions in Mexico. and Mexican residents via community banks in rural areas.

Cross-Border Payments 98

Cross-Border Payments Community Banks Cross-Border Credit Union 98

Fintech News

MAY 14, 2024

Deutsche Bank has announced its participation in the Monetary Authority of Singapore’s (MAS) Project Guardian. Within the asset and wealth management workstream, Deutsche Bank will test an open architecture and interoperable blockchain platform for servicing tokenised and digital funds.

Best Practices 108

Best Practices Blockchain Interoperability Participant 108

The Fintech Times

APRIL 16, 2025

Greater financial inclusion , enabling businesses and individuals to participate more effectively in the global digital economy. With built-in interoperability, TerraPay connects various financial systems, from banks to mobile wallets, making it easier for businesses to scale and users to transact seamlessly on a global scale.

Funds Transfer 49

Funds Transfer PayPal Cross-Border Cross-Border Payments 49

Fintech Finance

OCTOBER 22, 2024

TerraPay , a global leader in cross-border money movement, has announced a strategic partnership with Tenpay Global , Tencent’s cross-border payment platform renowned for its innovative financial services through the Weixin ecosystem. billion wallets.

Cross-Border 97

Cross-Border Interoperability Cross-Border Payments Digital Payments 97