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Fiserv Launches Stablecoin for Banks

Finovate

In a move that signals growing mainstream adoption of digital assets, payments giant Fiserv has unveiled plans to launch its own stablecoin, FIUSD. The Wisconsin-based company is embedding the blockchain-based payments tool directly into its global financial infrastructure by the end of the year.

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Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments

The Fintech Times

It aims to enable more efficient funds transfer via Purpose Bound Money (PBM) when inbound tourists use Alipay+ payment partner apps for payments at GrabPay merchants in Singapore. ” Ingenico showcased live demonstrations of its new crypto payment solution throughout Singapore Fintech Festival 2024. .

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The Next Decade of Growth in Southeast Asia’s Booming Digital Payments Ecosystem

Fintech News

Building on this foundation of basic transaction functionality, mobile wallets are rapidly evolving from simple payment tools into comprehensive financial platforms. The next phase of growth will be driven by a maturing ecosystem that goes far beyond simple transactions.

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Wallet wars: How digital payments are reshaping finance

The Payments Association

The technology behind digital wallets has advanced rapidly, transforming them from simple payment tools into comprehensive financial ecosystems. Optty CEO Natasha Zurnamer highlights this shift: Digital wallets have expanded functionality well beyond the processing of a payment.

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The Digital Wallet Revolution: How It's Reshaping Consumer Behaviour and Payment Infrastructure

Finextra

For FS Players: This presents a strategic opportunity to integrate personal finance management (PFM) tools directly into mobile apps and wallets—strengthening client engagement. Mobile-First Infrastructure: Inclusion, Innovation, and Interoperability The smartphone has become the central node of financial inclusion and fintech innovation.

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Facilitating Access to Finance in Underserved Communities Through Digital Banking

The Fintech Times

“This means that individuals in these underserved communities can now access essential banking, savings, and payment tools directly from their mobile phones and computers. These businesses can gain access to vital resources such as payment tools, microloans, and business accounts. billion in 2024 to 5.8

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Tokenized Deposits vs. Stablecoins: What’s the Difference and Why It Matters

Finovate

Another key differentiating factor between the two blockchain-based payment tools is that they have opposite effects on liquidity. No matter which structure reigns supreme, however, we will certainly see traditional financial institutions and private DeFi companies increase their focus on interoperability and shared infrastructure.