New research from Visa reveals a significant opportunity for cross-border payment providers to become consumers’ trusted choice. Cross-border payments are projected to reach $250 trillion (€243 trillion) by 2027,...
2024 was a pivotal year for many industries: geopolitical instability, economic changes, and the rise of AI dominated the news cycles and transformed business practices everywhere. The payments industry...
The Bank for International Settlements said on Thursday it would quit the cross-border payments platform Project mBridge, raising questions about how the scheme backed by China will evolve at...
India’s economic boom, with a surging GDP and growing global trade influence, has created a fertile ground for FinTech innovation, particularly in cross-border payments. Over the past decade, India...
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology,...
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding...
dLocal has teamed up with Wakanow Group to streamline and simplify cross-border payments for the latter’s customers throughout Africa. Currently valued at nearly $13 trillion, the global travel industry...
Consumer transactions using India’s digital rupee have slumped to one tenth of the volumes at the end of last year, or around 100,000 per day, Reuters reported citing sources....
The initiative was founded by the central banks of Thailand, Hong Kong, China, and the United Arab Emirates. Participants include the IMF, World Bank, and 23 central banks from...
Curated by www.knowledgeinnovations.com – Your authoritative knowledge source mapping FinTech, Innovations, Artificial Intelligence, Blockchain, Big Data, Machine Learning Subscribe to ETT November 11, 2023 Welcome to Emerging Tech Trends...