The Fintech Times

JANUARY 11, 2025

FDX, a standard-setting organisation operating in the US and Canada with over 200 member organisations, aims to develop, improve and maintain a common, interoperable standard for secure consumer and business access to financial records. These standards can help companies to comply with the CFPB’s new open banking rules.

CFPB 101

CFPB Consumer Financial Protection Bureau (CFPB) Card Issuer Rules 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.

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 67

Cross-Border Payments Cross-Border Payment APIs and Integration ISO 20022 67

Fintech News

JUNE 12, 2024

Participants reflected on the progress made to date, discussed potential opportunities and challenges, and shared lessons learned from their respective journeys. As multilateral platforms scale, the governance framework must evolve to keep up with changes in board participation, voting rules, regional representation, and economic models.

Cross-Border Payments 119

Cross-Border Payments Cross-Border Interoperability Payments 119

Faster Payments Council

JUNE 3, 2020

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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Interoperability Faster Payments Real Time Gross Settlement (RTGS) FPC 68

Fintech Finance

MAY 2, 2025

Rain’s technology stack allows for card transactions on the Visa network to be interoperable with stablecoins across multiple blockchains. While giving consumers access to digital-first globally interoperable payment experiences. These capabilities help fintechs go to market faster with new products.

Credit Cards 59

Credit Cards Stablecoins Settlement Interoperability 59

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 107

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 107

Fintech News

JANUARY 15, 2024

Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants., designed to align with the country’s vision of a seamless, accessible, and interoperable payments ecosystem. Here are five interesting takeaways gathered from the interoperable SGQR+ trials.

Interoperability 114

Interoperability Cross-Border Payments Financial Inclusion 114

Fintech News

DECEMBER 9, 2024

Crucially, this initiative is critical for establishing a robust and interoperable ecosystem, where tokenised assets can be traded securely and efficiently across different jurisdictions. GL1 is not merely a technological endeavour; it also addresses the crucial aspects of governance, risk management, and compliance.

Cryptocurrency 114

Cryptocurrency Cross-Border Consumer Protection Facilitators 114

The Fintech Times

APRIL 17, 2024

Key participants in the UK initiative include Barclays, Citi, HSBC, Lloyds Banking Group, Mastercard, NatWest, Nationwide, Santander, Standard Chartered, Virgin Money and Visa. 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

The Fintech Times

MAY 2, 2025

With SmartVista, we enable banks not only to meet regulatory deadlines but also to unlock the full potential of richer data, greater interoperability and real-time payment capabilities. Our mission is to ensure that every institution can transform compliance into a strategic advantage.”

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ISO 20022 ISOs Compliance SWIFT 55

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.

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Financial Inclusion Instant Payments Cross-Border Payments Cross-Border 52

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

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

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 106

PCI DSS Cross-Border Payments Interoperability Push-to-Card 106

The Fintech Times

NOVEMBER 6, 2024

Ant International is also working with StraitsX to enable the efficiency and interoperability of payments made via PBM through the Whale platform, Ant International’s treasury management solution. “Based on our biometrics study, close to seven in 10 Singapore consumers see this as a secure way to pay. .

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.

Instant Payments 69

Instant Payments Settlement Payments Central Bank 69

Fintech News

JULY 9, 2024

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. Fave has previously contributed to the development of Singapore’s fintech ecosystem, notably participating in MAS’ SGQR+ Proof of Concept to improve QR payment interoperability.

Interoperability 105

Interoperability Payments Payments Institute Facilitators 105

Open Banking Excellence

MAY 2, 2024

Interoperability and international expansion A key strategic outcome from all our activities in this space is to drive the creation of business models which are scalable outside of Georgia. We are an observing member of Project mBridge, which is focused on interoperable CBDCs. We are not just limited to the Berlin standards.

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Interoperability Payment APIs and Integration Central Bank Cross-Border 147

Fintech News

NOVEMBER 6, 2024

Meanwhile, new participants like dtcpay and MariBank are set to go live by Q2 2025. Participating merchants include popular outlets such as Arnold’s Fried Chicken, Twelve Cupcakes, and ZooMoov. The POC demonstrated the feasibility of an interoperable QR payment system in Singapore.

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Interoperability Cross-Border Payments Reconciliation Participant 107

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.

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CBDC Transactions Payment APIs and Integration Cross-Border 128

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

The Fintech Times

NOVEMBER 8, 2024

Pilot participant Janko Hahn , head of treasury operations at Autoneum , said: “The UBS Digital Cash pilot showcased the key advantages of blockchain-based payment solutions. The pilot also included the transfer of liquidity between various UBS companies. UBS plans to further expand and develop its UBS Digital Cash offering.

Cross-Border 59

Cross-Border Cross-Border Payments Payment Solutions Blockchain 59

Fintech Finance

JUNE 17, 2024

It will also explore additional features that could form part of an SO’s offering, such as those that could help reduce the liquidity needs of participants. Meridian FX will also connect an RTGS system with a DLT-based settlement platform, testing how the SO could support interoperability between existing and new ledger technologies.

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

The Fintech Times

MAY 12, 2025

As national payment infrastructures become more interoperable and networked on a regional, and soon global, scale, stablecoins may start to lose their perceived ‘indisputable’ advantages in the cross-border sector. Cue interoperable national payment schemes. Stablecoins have not. At least, not yet.

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Stablecoins Interoperability Cross-Border Cross-Border Payments 45

Fintech News

DECEMBER 11, 2023

Commercial bank participants, through their own instances of UDPN Business Nodes, can actively engage in various activities, such as CBDC issuance (for issuing banks), wallet creation, linking wallets to bank accounts and KYC systems, fiat-CBDC exchange, AML/CFT compliance, and initiation of CBDC transfers, swaps, and settlement.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 111

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.

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

The Fintech Times

JUNE 6, 2024

The platform now invites further international participation and private sector proposals for value-added solutions. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing. In 2022, a pilot involving real-value transactions demonstrated the platform’s capabilities.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 45

Finovate

NOVEMBER 1, 2024

The round also featured participation from Google’s Africa Investment Fund, Verod Capital, and Lightrock. Taking advantage of their interoperability, we are now leveraging the existing network of agents and merchants … in the industry to bring our services closer to our customers.”

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Financial Inclusion Cross-Border FinTech Visa 111

Fintech Finance

OCTOBER 22, 2024

To capture this opportunity, TerraPay has also collaborated with 5 leading wallet operators to form an Interoperability Council. This is to enable participating wallets to interconnect and interoperate for multiple cross-border transaction types, including remittances and merchant payments. billion wallets.

Cross-Border 97

Cross-Border Interoperability Cross-Border Payments Digital Payments 97

Fintech Review

SEPTEMBER 11, 2024

The Web3 Foundation , in partnership with Scytale Digital , has led the seed funding round for Hyperbridge , a groundbreaking protocol poised to transform blockchain interoperability. Unlike existing point-to-point bridge models, Hyperbridge introduces a hub model that scales verifiable interoperability across all chains.

Interoperability 52

Interoperability Blockchain Authentication Security 52

PYMNTS

SEPTEMBER 15, 2020

This is a winning solution that will help merchants reduce shopping cart abandonment while providing a single integration for participating card brands – meaning a simpler and smoother overall digital checkout experience.”. Visa is moving Visa Checkout merchants in Canada to Click to Pay after a successful launch in the United States.

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EMV Interoperability Procedures Participant 116

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.

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CBDC SWIFT Interoperability Settlement 107

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.

Instant Payments 59

Instant Payments Payments Settlement Central Bank 59

Fintech News

MAY 11, 2025

DBS Bank is also a participating bank in PayNow, Singapores consumer real-time payments service. This technology-driven approach enables Thunes to support a wide variety of use cases including gig economy payouts, e-wallet interoperability, and financial inclusion efforts.

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Cross-Border Payments Cross-Border APACS Distributed Ledger Technology (DLT) 115

Fintech Finance

JULY 11, 2024

All active participants in the Swiss customer payment transactions system via SIC are expected to be capable of processing incoming customer payments instantaneously by the end of 2026. Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments.

Instant Payments 115

Instant Payments Facilitators ISO 20022 Message Standards 115

The Payments Association

MAY 3, 2025

Participants tackled five central themes: underleveraged innovation, the operationalisation of AI, regulatory challenges, the evolution of embedded finance, and strategic risk planning for 2025 and beyond. What matters is delivering whats critical to the customerwhether thats speed, interoperability, or something else entirely.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88