The Payments Association

JUNE 5, 2025

Today, Paysend announced the launch of instant settlement accounts. Instant Settlement Accounts provide businesses with full clarity, control, and flexibility to move funds around to meet financial obligations in real-time, 24/7, 365 days a year.

Settlement 88

Settlement Cross-Border Payments Cross-Border Accounts 88

Finextra

JULY 1, 2025

The European Central Bank has agreed to a dual-track strategy for integrating distributeed ledger technology with Target settlement services in the wholesale market.

Settlement 83

Settlement Technology Central Bank 83

Fintech News

JUNE 1, 2025

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.

Settlement 72

Settlement Stablecoins Cross-Border Payment Gateways 72

Finextra

JULY 7, 2025

Building on the successful rollout of its groundbreaking continental payment infrastructure, the Pan-African Payment and Settlement System (PAPSS), in strategic collaboration with Interstellar, a leading African deep-tech company, have announced the launch of the PAPSS African Currency Marketplace (PACM).

Settlement 52

Settlement Payments 52

The Payments Association

JUNE 16, 2025

Offline settlements with a digital pound: Lessons from the BoE’s report 16 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? These are linked to the requirement for instant offline settlement, i.e. digital money leaves the payer device to go into the payee’s device. Why is it important?

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

Fintech News

NOVEMBER 3, 2024

Access to a common settlement facility is also being facilitated through the SGD Testnet, featuring S$ wholesale central bank digital currency (CBDC) for market testing. Participating financial institutions like DBS, OCBC, Standard Chartered, and UOB will trial these settlements.

CBDC 119

CBDC Settlement Digital Currency Cross-Border 119

Fintech Finance

NOVEMBER 29, 2024

The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. The ongoing work towards implementing a cross-currency settlement service in TIPS, allowing funds to be transferred between all TIPS currencies, will also encompass the Norwegian krone. “We

Instant Payments 138

Instant Payments Central Bank Settlement Agreements 138

The Payments Association

JUNE 9, 2025

RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important?

ISO 20022 88

ISO 20022 Payment APIs and Integration ISOs Interoperability 88

Finextra

JUNE 18, 2025

StraitsX, the stablecoin-native settlement layer for global finance, today launched Dedicated Virtual Accounts (DVA/+), a next-generation solution delivering compliant USD banking access and real-time stablecoin connectivity to crypto-native institutions.

Stablecoins 52

Stablecoins Settlement Finance Accounts 52

Fintech News

NOVEMBER 12, 2024

The mBridge project, initially supported by the Bank for International Settlements (BIS), continues to focus on using distributed ledger technology for efficient cross-border settlements, despite BIS “graduating out” of the four-year initiative.

Cross-Border Payments 120

Cross-Border Payments Cross-Border Payment Initiation Cross-Border Settlement 120

Fintech News

JANUARY 7, 2025

It enables secure and compliant transactions, with 24/7 payment settlement capability, offering uninterrupted fund circulation throughout the trade process. The companys global business account supports over 15 currencies and operates across 200 countries and regions.

Cross-Border Payments 128

Cross-Border Payments Cross-Border Payments Settlement 128

Fintech News

NOVEMBER 27, 2024

The bank plans to act as a Euro and US dollar settlement bank on Partior’s platform, aligning with its dbX initiative—a correspondent banking ecosystem launched to optimize financial institution client services. Morgan, Standard Chartered, and Temasek, Partior uses blockchain technology to enable real-time clearing and settlement.

Cross-Border 116

Cross-Border SARS Multi-Currency Correspondent Bank 116

Fintech Finance

MARCH 24, 2025

Additionally, integrated settlement and liquidity management solutions, overseen by the Central Bank as the clearing and settlement agent, provide real-time net position updates and multiple settlement cycles, while a national QR payment standard known now as “SOMQR” enables fast contactless transactions with a simple scan.

Instant Payments 90

Instant Payments Settlement Payments Central Bank 90

Fintech News

OCTOBER 28, 2024

The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions.

Cross-Border 128

Cross-Border Compliance Automation Cross-Border Payments 128

Fintech News

DECEMBER 22, 2024

OCBC China will also act as XTransfer’s global account manager, working closely with the banks subsidiaries to support cross-border settlements and facilitate business growth. The partnership will leverage OCBCs regional network in markets including Singapore, Hong Kong, Malaysia, and Indonesia.

Cross-Border Settlement 125

Cross-Border Settlement Cross-Border Multi-Currency Cross-Border Payments 125

The Fintech Times

JULY 10, 2025

As real-time payments take off, set to make up one in three transactions worldwide by 2030, a new whitepaper from RS2, a global payments technology provider, warns the industry is falling behind where it matters most: fee settlement. It proposes an AI-driven approach that promises smarter routing, dynamic pricing and enhanced fraud detection.

Real Time Payments 64

Real Time Payments Fraud Detection Cross-Border Settlement 64

Fintech News

JUNE 18, 2025

With this access, UOB will offer RMB clearing, settlement, and payment services to businesses and financial institutions in and outside China. The bank said this enables real-time gross settlement and reduces intermediary steps, helping clients lower payment and clearing costs.

Cross-Border Payments 110

Cross-Border Payments Cross-Border Participant Liquidity Management 110

The Payments Association

MAY 16, 2025

Modern orchestration platforms address these challenges by supporting localised payment methodssuch as Alipay in China, UPI in India, or SEPA in Europefacilitating multi-currency acceptance and settlement. Real-time payments and instant settlement: As consumer expectations shift, instant gratification has become the norm rather than a luxury.

Transactions 88

Transactions PCI DSS Payments Multi-Currency 88

Fintech Review

NOVEMBER 20, 2024

Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally. Let’s dive in.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Multi-Currency FinTech 115

Fintech News

NOVEMBER 21, 2024

The central bank views digital currencies as a cost-effective tool for trade settlements, remittances, and other financial transactions, though comprehensive testing is necessary before widespread implementation.

Cross-Border Payments 145

Cross-Border Payments Cross-Border Digital Currency Central Bank 145

The Fintech Times

JULY 4, 2025

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.

Interoperability 87

Interoperability Cross-Border Cross-Border Payments Settlement 87

The Paypers

JUNE 23, 2025

UOB has declared its capability to offer cross-border renminbi clearing, settlement, and payment services to various businesses and financial institutions.

Cross-Border 36

Cross-Border Settlement Payments 36

Fintech Finance

JUNE 19, 2025

Onafriq , in collaboration with the Pan-African Payment and Settlement System (PAPSS), announced the launch of a new cross-border payment service that will initially pilot outbound transactions in Ghana. The African Export-Import Bank (Afreximbank) serves as the settlement entity, ensuring trusted and timely settlement between parties.

Cross-Border Payments 95

Cross-Border Payments Cross-Border Financial Inclusion Settlement 95

Finextra

JUNE 11, 2025

Clearing houses, often managed by the RBI or lead banks, facilitated the physical exchange and settlement of cheques. Real-Time Gross Settlement (RTGS) (2004): A major leap forward, establishing a robust system for large-value, real-time interbank fund transfers, enhancing systemic efficiency and reducing settlement risk.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

Fintech News

OCTOBER 29, 2024

Settlements made with stablecoins provide exactly these four things. Working with Circle will provide real-time, 24/7 funding for our Members, with the speed of USDC settlement, as we look to further accelerate cross-border payments innovation.” said Jeremy Allaire, Co-founder and CEO of Circle.

Cross-Border Payments 119

Cross-Border Payments Cross-Border Stablecoins Facilitators 119

Fintech News

NOVEMBER 5, 2024

This plug-and-play collaboration will allow consumers to pay with crypto at Ingenico terminals, while merchants can seamlessly receive settlements in their local currency, eliminating currency risk. Ingenico, a French merchant services tech company, has partnered with Crypto.com to enable crypto payments for millions of merchants worldwide.

Cryptocurrency 117

Cryptocurrency Payments Settlement Payment Solutions 117

Fintech News

NOVEMBER 3, 2024

The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs).

Cross-Border Payments 123

Cross-Border Payments Cross-Border Central Bank Settlement 123

Fintech Finance

JANUARY 13, 2025

Designed to process transactions as small as $0.0001, AIsa enables instant settlements with near-zero fees. Key features include: Zero-Latency Transactions: Millisecond-level settlement speeds to meet real-time demands. Ultra-Low Cost: Support for microtransactions with negligible fees.

Payment Networks 98

Payment Networks Economy AI Microtransactions 98

Fintech News

APRIL 7, 2025

The introduction of VND accounts aims to support cross-border transactions involving Vietnam by potentially speeding up settlement, simplifying payment reconciliation, and improving cash flow management for businesses operating internationally.

Cross-Border 115

Cross-Border Accounts Payment Reconciliation Funds Transfer 115

Finextra

JUNE 19, 2025

Increased geo-political and trade uncertainty; intensifying currency diversification needs; shifting client demands; and the impending ISO 20022 migration deadline are accelerating the need for cost-effective access to multi-currency clearing and settlement.

Multi-Currency 52

Multi-Currency On-Demand Settlement Economy 52

Finextra

JUNE 19, 2025

Visa is upping it game in the stablecoin market, expanding its settlement capabilities in the Europe, Middle East, and Africa (CEMEA) region to enable USD cross-border transactions through blockchain technology.

Stablecoins 119

Stablecoins Cross-Border Settlement Blockchain 119

Fintech News

APRIL 28, 2025

NBC has selected ACLEDA Bank and Sathapana Bank as the sponsoring banks in Cambodia, while PJA has appointed NETSTARS as the payment and settlement operator in Japan. The second phase will allow Japanese users to make payments in Cambodia using KHQR codes.

Cross-Border 119

Cross-Border Payments Settlement Agreements 119

Fintech Finance

NOVEMBER 7, 2024

Retailers will also benefit from same-day settlement in local currencies like EUR, GBP, USD, and CHF, ensuring a smooth, risk-free integration. Lunu Pay’s cutting-edge technology makes crypto payments accessible to retailers by automatically converting digital currencies into euros or other local currencies at the point of payment.

Alternative Payment Methods 98

Alternative Payment Methods Digital Currency Cryptocurrency Payments 98

Fintech News

OCTOBER 31, 2024

Founded in 2021, Partior utilizes blockchain technology to transform clearing and settlement, and redefine the way value moves globally.

Cross-Border Payments 133

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 133

Fintech Finance

JULY 6, 2025

Morocco is the 17th country to join the Pan-African Payment and Settlement System (PAPSS) network. ” With Morocco’s addition, Pan-African Payment and Settlement System is now present across seventeen countries, along with over 150 commercial banks and 14 switches, and continues to expand its reach and impact across Africa.

Settlement 52

Settlement Cross-Border Payments Cross-Border Real Time Payments 52

Fintech Finance

JANUARY 2, 2025

KuCoin Pay is committed to reducing transaction fees and facilitating immediate settlement of crypto payments, simplifying the process for businesses to manage transactions efficiently. The platform supports an extensive range of cryptocurrencies and blockchain networks, significantly broadening the global reach of payments.

Payments 97

Payments Blockchain Settlement Cryptocurrency 97

Clearly Payments

OCTOBER 30, 2024

Some merchants address this by working with a processor offering faster settlement times or a credit facility to help maintain cash flow. Maintaining Cash Flow Processing times for international transactions are often slower, especially if dealing with countries with lengthy banking processes.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105