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Project Guardian: Interoperability From Tokenised Bank Liabilities Could Save Firms $50bn in FX Fees

The Fintech Times

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.

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PayPal World Launches to Connect Major Wallets Used by Two Billion Users

Fintech News

PayPal has launched a new platform called PayPal World to simplify cross-border payments and digital wallet interoperability for both consumers and businesses. The platform is expected to go live later this year, starting with interoperability between PayPal, Venmo, and other participating networks from key markets.

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Armenia Advances Digital ID Scheme as Part of Open Data Vision

Open Banking Excellence

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. Explore our Open Banking in a Box Programme below and contact Helen Child for more details.

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OSTTRA, Baton and Partior Enable 24/7 FX Settlement with Tokenised Bank Funds

Fintech News

The integration offers participants the flexibility to settle trades using fiat currency, tokenised commercial bank money, or assets with the credit characteristics of central bank money. The addition of tokenised funds supports growing real-world adoption as institutions move beyond experimentation to streamline post-trade FX processes.

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Cambodia’s Bakong Tourists App Now Supports Visa Cards for Payments

Fintech News

The launch ceremony, led by NBC Governor Dr. Chea Serey, brought together about 300 participants, including representatives from government ministries, international payment firms, and private companies. The app also enables users to transfer funds to their individual Bakong accounts, offering an alternative to cash transactions.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

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.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

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.