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Payments Canada Unveils Real-Time Payment System Progress

The Fintech Times

Payment clearing and settlement system operator Payments Canada has revealed that it has made ‘substantial progress’ on the Real-Time Rail, Canada’s first real-time payment system, since the back-end of 2024.

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StraitsX Unveils Refreshed Brand, Plans New Features for Stablecoin Settlement

Fintech News

Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-time payment settlements. It supports tokenised currency issuance, FX, and settlement across both public and private blockchain networks.

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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Global Usage : Debit cards accounted for 23% of online retail payments worldwide in 2023, with particularly high use in markets such as Canada, where over 60% of consumers prefer debit cards over credit. Faster Payments (U.K.), and similar systems in Europe, Asia, and Latin America, making 24/7 payments accessible worldwide.

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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

Initiatives such as ASEAN payment connectivity between Thailand, Singapore, Malaysia, Indonesia and the Philippines, are enhancing economic integration and fostering regional trade by linking real-time payment systems. The initiative seeks to establish multilateral linkages of national retail payment systems.

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The Journey of Payments and Clearing Systems in India

Finextra

Manual Clearing Houses: Cheques remained the dominant non-cash payment instrument. Clearing houses, often managed by the RBI or lead banks, facilitated the physical exchange and settlement of cheques. This was labor-intensive and time-consuming. This was a step towards automated recurring payments.

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Google signs deal to take UPI beyond India

NFCW

Google Pay is to take India’s Unified Payments Interface (UPI) real-time payments system to other countries after signing a deal with the service’s manager, National Payments Corporation of India (NPCI). NPCI is the umbrella organization for operating retail payments and settlement systems in India.

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APAC Regulators Tackle Rising Card Fees

Fintech News

The report highlights the role of regulatory , such as interchange fee caps and the promotion of pay-by-bank alternatives, in reducing merchant costs and interventions enhancing competition within the payment market. The figure surpassed the combined real-time payments of the next nine countries in the global market.

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