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Ant International has joined Swift ‘s “Network Interoperability Reference Implementation” programme, a pre-pilot initiative designed to improve cross-border payment experiences.
By enabling interoperability between bank solutions, payments can be completed 24/7 with FX settlement conducted in real-time. ” The post Project Guardian: Interoperability From Tokenised Bank Liabilities Could Save Firms $50bn in FX Fees appeared first on The Fintech Times.
Discussing interoperability in the face of fragmentation within cross-border operations, Susana Delgado, Global Head of Market Intelligence & Engagement, Swift joined the FinextraTV studio at EBAday 2025.
Bank-backed mobile payment operators from Italy, Spain and Portugal have pioneered interoperable money transfers, making it possible for users to conduct instant cross-border P2P transactions.
However, one of the significant challenges it faces is interoperability between different blockchain networks. Cross-chain interoperability aims to address this issue, enabling seamless communication and transactions across various blockchain platforms. Interoperability is vital for several reasons.
Ensuring this is possible on the XRP Ledger (XRPL), Ripple , the crypto solutions provider, has partnered with Axelar Foundation , the nonprofit decentralised interoperability network. The partnership with Axelar Foundation propels interoperability into the broader blockchain realm.
Another challenge is interoperability. The guiding standard is the Digital Architecture of Armenia, a Government approved approach that places interoperability, security, and high-quality service delivery as its core pillars.
This single-day implementation aims to enhance the efficiency and interoperability of high-value payment systems. The Federal Reservehas rescheduled the Fedwire Funds Services adoption of the ISO 20022 message format to July 14, 2025. It was to be implemented on March 10.
R3, the financial markets digital solutions firm and Ownera, a leading provider of tokenization interoperability routers based on the open FinP2P protocol, have partnered to enable interoperability across the largest number of live production-grade use cases and networks for digital assets and digital currencies.
The EuroPA alliance has partnered with EPI Company to assess a cross-border digital payments solution aimed at improving payment interoperability within Europe.
The Interledger Foundation, an organisation dedicated to the creation of an open, interoperable payment network, is promising to fund fintechs that use its protocol to bring payments to emerging markets and underserved populations.
Keeta Network, a high-performance blockchain that connects Web3 and traditional financial systems, aims to be a real-world tokenisation and financial interoperability frontrunner by working with Solo.
The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system. Addressing interoperability, scalability, and security challenges, Indonesia sets a global example for nations exploring similar initiatives.
However, challenges such as interoperability and fraud must be addressed to fully unlock the potential of faster payments. Overcoming cost and interoperability hurdles through innovative solutions will be key to sustaining this momentum and delivering on the promise of faster payments.
and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. Through this collaboration, PSPs connected to this interoperable solution will gain access to a crucial verification service. SEPAmail.eu The post CBI and SEPAmail.eu
The integration of VISA with the Bakong Tourists App enhances interoperability, fosters a cashless society, and aligns with Cambodias digital economy goals.” Chea Serey, aded, “We aim to modernise payment systems to meet the needs of local citizens, businesses, and international tourists.
Nexus, now overseen by the newly created Nexus Scheme Operator (NSO) , aims to establish a unified framework for seamless cross-border payments by addressing interoperability challenges between different national systems.
As a member of the Project Guardian policymaker group, the Bundesbank will contribute to cross-border collaboration by working with other central banks and institutions to develop common standards and improve interoperability for this emerging technology.
This service also offers interoperability for real-time global money movement, making it easier for Thunes’ members to conduct transactions worldwide. This solution complements Thunes’ existing Pay-to-Wallet and Pay-to-Bank services.
One of the primary issues explored in the report is the lack of interoperability among various QR code presentation formats in the United States. This report reflects the work of dedicated industry leaders who are committed to overcoming barriers and creating a more accessible, interoperable, and user-friendly payments landscape.
This will be supported by the CPMI central bank community of practice on payment systems and the CPMI industry taskforce on cross-border payments interoperability and extension. The post BIS CPMI Takes Further Steps to Promote ISO 20022 Harmonisation for Enhanced Cross-Border Payments appeared first on FF News | Fintech Finance.
Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This is an example of how the scale of the Swift network can be leveraged to interoperate market infrastructures to enhance the user experience.
Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments.
Adoption of digital travel credentials (DTCs) will reach 15% globally by 2034 “as technical specifications, solidification of supporting infrastructure, growing digital maturity, and deepening interoperability converge to prime the digital ID space,” ABI Research predicts.
“Yet, the lack of interoperability remains the biggest barrier to truly inclusive and efficient cross-border commerce. The post Thunes: Mobile Wallets Go Mainstream Despite Fragmentation Threatening Global Interoperability appeared first on The Fintech Times. . “With mobile wallet users expected to reach 5.8
Specifications “enhance UWBs capabilities, enabling seamless interoperability and unlocking new possibilities for precise and secure ranging and positioning in diverse applications,” the standards organisation says. The updated Core 3.0
Designed for speed, interoperability, and user-friendliness, UPI has become the backbone of India’s payment ecosystem. Its key advantages include instant transactions, interoperability across banks and payment apps, low-cost processing, and enhanced security features.
This innovation promotes interoperability, flexibility, and significant cost savings for businesses. Seamless Interoperability: HitPay’s single switch provides access to the top real-time payment schemes, offering customers their preferred local payment methods.
Submissions in the corporate categories will be assessed based on five criteria: impact, sustainability, practicality, interoperability, and uniqueness. All finalists will be evaluated by an international panel of industry experts.
This effort will be supported by the CPMI central bank community of practice on payment systems and the CPMI industry taskforce on cross-border payments interoperability and extension. The post BIS Sets Out Roadmap for ISO 20022 Implementation in Cross-Border Payments appeared first on Fintech Singapore.
“By combining Ripple Payments with OpenPayd’s rail-agnostic and fully interoperable fiat infrastructure, we are delivering a unified platform that bridges traditional finance and blockchain. ” RLUSD supports a wide range of use cases, including cross-border payments, global treasury management, and access to US dollar liquidity.
Source: Sumsub Key issues include weak risk assessments, delayed rollout of the Travel Rule, and a lack of interoperability among compliance tools. VASPs must act decisively by adopting robust, interoperable risk mitigation frameworks that meet global standards and enable secure cross-border data exchange.
The agreement also outlines a series of events and workshops aimed at educating the UAE ecosystem on key topics related to blockchain and AI, such as tokenisation, cross-chain interoperability, proof of reserves, and emerging blockchain standards. Why Chainlink?
Mahesh Kini “We continue to invest in our platforms and upgrade to enable seamless interoperability and compatibility to support our clients in achieving instant access, visibility, and control of their liquidity and working capital. said Mahesh Kini, Global Head of Cash Management at Standard Chartered.
In the architecture of the VOP scheme, the EDS enables reachability and interoperability between VOP scheme participants. This agreement marks a significant milestone in advancing the VOP scheme, ensuring greater security and interoperability in payments across Europe.
In this regard, as a key facilitator of industry change, CBI is committed to collaborating with various players that prioritise progress and interoperability, enhancing the efficiency and security of financial services worldwide. This will allow them to create innovative products that improve user experience beyond the mandatory services.
It is critical that the integration of RAIN readers in smartphones is underpinned by standards to ensure interoperability and deliver a consistent user experience, Ryan adds.
Defining the landscape as exciting within European payments, Brandon explained how progress is being made more significantly, especially within interoperability in the face of SEPA deadlines. On top of this, Brandon gave her predictions for future developments and how to stay ahead of rising fraud threats.
.” Chatchai Dusadenoad Chatchai Dusadenoad, Managing Director, National ITMX Company Limited said, “As Thailand’s leading payment infrastructure provider, National ITMX plays a crucial role in driving interoperability and cross-border payment innovation.
The EuroPA, meanwhile, was founded by three domestic mobile payment service providers with a vision “to contribute to the development of a sovereign and robust pan-European payments market through interoperability among existing payment solutions, leveraging SEPA instant payment standards and the most widely adopted mobile payment solutions in (..)
Interoperability interest is high, but action is low – While 92% of banks are considering interoperability and 52% are strongly considering it, very few (2%) have started their journey. Concerns about cannibalizing other revenue streams dropped from third place in 2024 to sixth, while fraud concerns jumped from ninth to fourth.
At its core, Onafriq is providing digital interoperability across mobile wallets, bank accounts, cards, and offline payment channels – bringing Africa closer to a seamless and integrated financial future. I’m incredibly proud of what we’ve achieved and even more excited about the road ahead.”
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