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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.
has announced a collaboration with Green Dot Corporation (NYSE: GDOT) and CVS Health (NYSE: CVS) to enable deposits for no fee for millions of Varo Bank customers at over 7,500 participating CVS Pharmacy locations nationwide.1 Varo Bank , the first all-digital nationally chartered bank in the U.S.,
Through Zimpler’s direct participation, businesses can now integrate Swish faster, at a lower cost, and with greater stability. The post Zimpler Partners With Swish to Unlock Direct Participation – Transforming Access to Swish Payments appeared first on FF News | Fintech Finance.
Participants can attend in person or via livestream to hear from experts, including keynote speaker Dr. Bruce McCabe , a global futurist, who will discuss the future of payment security. The event aims to equip participants with actionable ideas and solutions to bring back to their organizations.
The pilot program will begin in Singapore, allowing Visa cardholders from participating banks like DBS, OCBC, and UOB to pay with their palms at select merchants. Once registered, users can make future payments simply by waving their palm at participating merchants, eliminating the need for cards or phones.
We are excited to participate in and to explore other opportunities to collaborate with J.P. Morgan, said, “We are pleased to collaborate with OCBC in demonstrating the ability and interest for lenders to participate in an intraday liquidity market. Morgan on our joint digital agendas.”
Bill Deng “We are very pleased to participate in the Singapore Fintech Festival. We hope to serve SMEs in Singapore in the future, radiating to the ASEAN region, utilising technology to help SMEs efficiently participate in global trade and enhance their global competitiveness.”
Only firms licensed by the State Bank of Vietnam (SBV) will be allowed to participate, and foreign banks are explicitly excluded. While domestic fintechs and credit institutions may apply to join, participation in the sandbox does not guarantee future regulatory approval once permanent legal frameworks are introduced.
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.
Federated learning allows participating institutions to train AI models on their own data and share only the learnings, not the data itself, with a central server managed by Swift. Featured image credit: Edited from Freepik The post Swift and Google Cloud Join Forces to Combat Fraud with AI Innovations appeared first on Fintech Singapore.
To speed up progress, MAS is now pushing for participants to commercialise their findings, fostering a connected network for trading tokenised assets. The SGD Testnet will be made available to eligible financial institutions participating in Project Guardian and Project Orchid, enabling them to settle transactions with S$ wholesale CBDC.
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.
This system allows for direct payments at approximately 100 participating merchants, further streamlining the payment process and promoting the adoption of digital currencies within Thailand. The post SCB 10X Introduces ‘Rubie Wallet’ for Stablecoin Payments at Devcon 2024 appeared first on Fintech Singapore.
The inclusion of the Norwegian krone in TIPS, which is part of the Eurosystem’s TARGET Services, is planned for the first half of 2028 and will enable market participants in Norway to settle payments instantly, around the clock and in central bank money.
For low-income individuals and small businesses relying heavily on remittances and international trade, these barriers prevent them from fully participating in the global economy.” The post Cross-Border Payments in Numbers: Global Corporations Lost $120 Billion in Transaction Fees appeared first on FF News | Fintech Finance.
During the event, participants, including non-Thai attendees, were able to convert dollar stablecoins to baht stablecoins without foreign exchange fees. Featured image credit: Edited from Freepik The post Coinbase Sets Sights on Thai Baht and Philippine Peso Stablecoins appeared first on Fintech Singapore.
Customers can now deposit SGD into their OKX accounts using PayNow and withdraw funds via FAST, provided their bank is one of the 27 institutions participating in the service. These improvements are the first of many part of a broader effort to enhance OKX’s platform, providing users with a more streamlined and efficient experience.
The network aims to enable faster, lower-cost international money transfers by utilizing stablecoins such as USDC, EURC, and other regulated digital currencies for real-time settlement between participants like banks, payment providers, virtual asset service providers, and digital wallets.
Customers can make transfers to any of the Gulf banks that are AFAQ participants effectively without having to worry about currency fluctuations or delays in transfers. The post Weyay Bank Launches AFAQ for Instant Bank Transfers Between GCC Countries at Cost-Efficient Rates appeared first on FF News | Fintech Finance.
Zack Chestnut “The additional markets for which Nium is able to provide data coverage will expand Confirm’s significant global reach even further, providing incremental value to inquiring participants on the network without requiring any incremental technology uplift. ” said Alex Johnson, Chief Payments Officer at Nium.
By participating in this arrangement, these partners benefit from the safeguards and efficiency of PAPSS’s framework. We believe this service will help reduce the liquidity burden on participants while fostering financial inclusion across the region.” The service will soon be available on mobile money and other fintech based wallets.
In the architecture of the VOP scheme, the EDS enables reachability and interoperability between VOP scheme participants. The EDS will be accessible to scheme participants adhering to the VOP scheme and to the Routing and Verification Mechanisms (RVMs) operating on their behalf.
Shopify Ventures and Capital One Ventures also participated in the funding round, which will help fuel the company’s growth through partnerships. Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude and Thrive Capital also participated in the latest funding round.
This initiative builds on OCBC’s participation in Project Orchid , a Monetary Authority of Singapore initiative to develop infrastructure for a digital Singapore dollar. Featured image credit: Edited from Freepik The post OCBC and Land Transport Authority Pilot Blockchain Payments for Construction appeared first on Fintech Singapore.
This project, involving central banks and over 40 private sector participants, explores the use of tokenised deposits and wholesale CBDCs to streamline cross-border payments, addressing inefficiencies in existing systems. Carstens reiterated that BIS projects adhere to international regulations to avoid facilitating sanctioned activities.
By utilising USDC, Thunes aims to reduce capital costs and improve liquidity for its network participants. Featured image credit: Edited from Freepik The post Thunes and Circle to Facilitate Faster Cross-Border Payments with USDC Stablecoin appeared first on Fintech Singapore. said Jeremy Allaire, Co-founder and CEO of Circle.
They intend to expand participation to other jurisdictions over time. The European Central Bank and Bank Indonesia will participate as special observers during this phase. Following the release of a blueprint in July 2024, the founding central banks are providing the initial capital to build and launch the platform.
Heres how it works for Swift: A copy of Swifts anomaly detection model is sent to each participating bank. As new threats emerge, the shared knowledge pool helps all participants quickly adjust their models and their fraud prevention tools. Each financial institution trains this model locally on their own data.
This development follows the NBCs formal expression of interest to participate in the initiative. The growing number of participants reflects the initiatives expanding influence and its potential to further strengthen regional collaboration on payment connectivity and financial integration. Governor of the NBC, H.E.
The exercise, held on 6 November 2024, allowed participants to test their incident response plans, explore potential regulatory interventions, and develop collaborative mitigation strategies. This exercise comes at a time of heightened awareness surrounding the potential for widespread disruption from technology failures.
The team is made up of technology and policy making specialists from a wide variety of sectors, and the aim is to work transparently, and with the participation of the public and private sector, to support Armenia in its ambitions to become a truly electronic society.
Monzo customers can enjoy full access to all features of Monzo Split, including creating splits, inviting participants, adding expenses from various accounts and cards, and sending reminders to ensure everyone stays on track. Customers on a paid plan can even add payments directly from connected accounts, so everything can be automated.
The Series B initially secured US$60 million in July 2024, led by Peak XV Partners, with participation from J.P. Featured image credit: Edited from Freepik The post Partior Closes Series B at US$80 Million with Deutsche Bank Investment appeared first on Fintech Singapore.
Moreover to the previous point: market participants must develop a clear system of operational reporting of incidents regarding digital resilience violations to the authorities; Testing and resilience. According to DORA, market participants must conduct systematic stress tests with the various breach scenarios; Third-party risk management.
INXY Payments , an EU-authorized payment platform bridging together traditional finance and the crypto economy, has successfully closed a $3 million investment round led by Flashpoint VC with participation from prominent angel investors.
SCBHK, Animoca Brands and HKT have been jointly participating in the HKMA stablecoin issuer sandbox launched in July 2024, to explore how stablecoins can play a key role in the development of financial markets and payments by bridging Web3 and traditional finance, thus strengthening Hong Kongs position as a global digital assets hub.
By expanding its services to MeridianBet, Kuady is helping advance financial access and inclusion throughout Latin America, enabling more people to participate actively in the digital economy. The post Kuady Partners With MeridianBet (GMGI) to Power Seamless Payment Experience in LatAm appeared first on FF News | Fintech Finance.
The Bundesbank will participate in various pilot projects testing specific use cases for asset tokenisation, exploring its feasibility and its potential benefits for capital markets, and examining how it can leverage network effects. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”
By participating in this data tokenisation initiative, we aim to provide real-world feedback on the usability of tokenised data, ensuring that it meets the standards required for transparent and reliable sustainability reporting.
NeuroWatts participation at GITEX Asia underscores its focus on enabling intelligent, efficient AI ecosystems across the region. Featured image credit: Edited from Freepik The post NeuroWatt Gears Up to Introduce Its AI Offerings for Finance at GITEX Asia 2025 appeared first on Fintech Singapore.
Under the agreement, Visa and FPT will collaborate to enhance the national e-marketplace for procurement, encourage greater SME participation, and improve payment systems. The post Visa and FPT Expand Partnership to Modernise Vietnam’s Govt Services appeared first on Fintech Singapore.
The Airwallex for Startups programme , launched in Hong Kong in 2023 and expanded to Australia, Singapore, and New Zealand in 2024, has attracted over 2,000 participants to date. Featured image credit: Edited from Freepik The post Airwallex Reports 83% Revenue Growth in APAC for Q3 This Year appeared first on Fintech Singapore.
Participants starting to use VOP will already receive a VOP response for any IBAN in SEPA ahead of the IPR deadline. The post EBA CLEARING Launches SEPA-Wide VOP Solution appeared first on FF News | Fintech Finance. Our solution provides options on the requesting and responding side.
The faster refund capability is available to the vast majority of UK shoppers using Mastercard and Visa cards when making purchases at participating retailers, including HMV. The post Worldpay Brings Faster Refunds to the UK appeared first on FF News | Fintech Finance.
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