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Edward Dovey, Head of APAC at RTGS.global, sheds light on the role of faster, more affordable cross-border payment solutions and understanding the de-dollarisation trend.
cross-border payments, cross-border logistics, CBDC, digital currency, settlement, financial institutions, FX , central bank
The People’s Bank of China (PBOC) has announced the launch of a new function on its digital app, to allow Android NFC users to make offline digital payments.
product launch, online banking, online payments, ecommerce, contactless payments, payments , mobile payments
The European Central Bank has extended its liquidity lines with central banks from non-euro area countries until 15 January 2024, according to an official press release.
central bank, banks, lending
Alipay has integrated with the processing network for the Chinese digital renminbi central bank digital currency (CBDC).
CBDC, payment processing, payment processor, cryptocurrency, digital assets
The European Central Bank (ECB) and the People’s Bank of China (PBC) have decided to extend their bilateral euro-renminbi currency swap arrangement for another three years until 8 October 2025.
partnership, central bank, digital currency, financing
Norges Bank officials have announced that Norway’s central bank digital currency (CBDC) prototype is based on Ethereum infrastructure.
CBDC, cryptocurrency, regulatory sandbox, Ethereum, product launch
Russia has jumped to become the third largest market for the yuan, according to Reuters, while Chinese digital lending apps are investigated by the Reserve Bank of India, moneylife.in reports.
Russia Ukraine War, lending, online fraud, digital banking, Mir
The People’s Bank of China (PBOC) has applied for a patent on an automatic teller machine (ATM)/ cash deposit machine (CDM) for the digital renminbi, according to China Banking News.
central bank, ATM, product upgrade
State-owned Chinese banks, including Agricultural Bank of China (ABC), China Construction Bank (CCB) and Industrial and Commercial Bank of China (ICBC) have added smart management to the digital renminbi wallets.
product upgrade, e-wallet, digital banking, CBDC, digital currency
The Paypers has compiled thorough research on the financial sanctions imposed on the Russian Federation in the last two weeks. We aimed to help create a clearer picture of the complex economic machinations that the global payments, banking, and ecommerce ecosystems are faced with
Russia Ukraine War, European Commission, Visa, MasterCard, American Express, central bank, financial sanctions
biometrics, digital currency, CBDC
A Chinese district in Hebei province has just debuted the use of the Digital Renminbi (digital RMB) to make salary payments via a local blockchain platform.
CBDC, blockchain, central bank, digital currency
IDEX Biometrics, digital RMB, digital renminbi, digital yuan, CBDC, China, Asia, biometric authentication, fraud prevention, digital identity
Huawei has announced that the Mate 40 line of devices will feature a hardware wallet that will allow users to make transactions with China’s digital yuan CBDC.
Huawei, China, Asia, product launch, NFC payments, CBDC, digital yuan, transactions , e-wallet, Mate 40
A group of seven major central banks including the US Federal Reserve have discussed how a digital currency could look like to help catch up with Facebook’s Libra and China’s digital yuan.
Central banks, CBDC, Bank of England, digital renminbi, Facebook Libra, US Federal Reserve
Chinese Central Bank Digital Currency (CBDC) will soon be tested in ‘Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region’ according to China’s Ministry of Commerce.
central bank digital currency, CBDC, China, digital yuan, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, digital wallet app, accounts, money, payments , money transfer
China, Hong Kong, virtual yuan, DCEP System, CBDC, Greater Bay Area, digital currency, digital currency electronic payment, Guangzhou, Shenzhen, Macau, financial centre, financial infrastructure, Guangdong, South China, international adoption, virtual banking system
According to the People’s Bank of China, the nation’s central bank, the development of a digital yuan (DECP) is making progress.
People’s Bank of China, cryptocurrency, digital currency, digital yuan, China, payments
After the Electronic Know Your Customer (e-KYC) guidelines revealed in December 2019, The Bank Negara Malaysia has announced that the draft will take effect soon.
Bank Negara Malaysia, e-KYC, banking security, verification, digital currency, exchange, remittance, banks
Bank Negara Malaysia’s (BNM) has allowed Merchantrade Asia Sdn Bhd (Merchantrade) to introduce the electronic Know Your Customer (e-KYC) processing for money changing.
Merchantrade, BNM, eKYC, exchange, digital currency, wallet, online banking, online shopping, remittance