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UOB Becomes Direct Participant in China’s Cross-Border Payment System

Fintech News

UOB and its wholly owned subsidiary UOB China have signed agreements to become direct participants of China’s Cross-border Interbank Payment System (CIPS). As of May 2025, it connects 174 direct and 1,509 indirect participants globally. This strengthens their ability to support cross-border renminbi (RMB) transactions.

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OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending

Fintech News

This improves our liquidity management resilience and allows us to put excess intraday liquidity to work. I envision that markets will only get more competitive and sophisticated, so the ability to optimise liquidity on an intraday basis to maximise returns can be a game changer.

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RT2: A strategic transformation for UK payment providers

The Payments Association

RT2 is substantially expanding direct participation. A critical limitation of the previous RTGS was its technical ceiling on participant numbers. This proportional approach makes direct participation viable for a broader range of organisations. Expanded access fundamentally changes competitive dynamics.

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Thunes and Circle to Facilitate Faster Cross-Border Payments with USDC Stablecoin

Fintech News

This partnership aims to enhance stablecoin liquidity management in cross-border payments. By utilising USDC, Thunes aims to reduce capital costs and improve liquidity for its network participants.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

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.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

The PoC demonstrated the transformative potential of DLT-based systems in improving liquidity management. For example, the observer node feature implemented during the PoC allowed Bank Indonesia to monitor transactions without compromising participants’ confidentiality. Each platform exhibited distinct strengths.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

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.