Money Transfer
Offline Payments Using CBDCs Promise Many Benefits But Design Should Be Considered Thoroughly
The ability to make offline payments with central bank digital currencies (CBDCs) has attracted increased interest among central banks for their potential to support public policy objectives including financial inclusion, universal access, payment system resilience and privacy. A survey conducted
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What the Launch of SIC5 Instant Payments Will Mean for Switzerland
Globally, 63% of banks & financial institutions picked instant payments as their top priority over the next 12 months. Meanwhile, some of the biggest developments in Switzerland will concern the Swiss Instant Clearing (SIC) network. During the latest webinar hosted
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With SIC5 Around the Corner, Experts Weigh in on Possible Impact of Instant Payments in Switzerland
Instant payments are scheduled for rollout in Switzerland in the summer 2024, opening up new opportunities in payment transactions, digital commerce and customer experiences. But the new standard will also put pressure on banks’ lucrative card businesses and will cost
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Revolutionising Swiss Banking: Why Instant Payments are the Future
The demand for instant payment (IP) services around the world has soared in recent years, primarily driven by shifting customer expectations for fast, convenient, and seamless fund transfers. In response to this demand, the Swiss Interbank Clearing (SIC) payment system
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Taking Stock of CBDCs and the Cross-Border Payments Landscape in Europe
Recent technological innovations and increasing demand for convenience and security have expedited the shift to digital systems, including financial systems. This has become the catalyst for people and businesses to find new ways of interacting and conducting transactions digitally. As
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Transfermate Rolls Out New Embedded Payments Solution for Banks and FIs
TransferMate recently announced the launch of ‘TransferMate Connect’, an integrated payments solution for banks and financial institutions to deliver faster and more cost-effective payments products and services for their customers. TransferMate has built one of the largest non-bank payments infrastructure
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PayPal Ramps Up Integrations and Partnerships
PayPal has reached a new agreement with Apple that will see that two technology giants accept each other’s products in their respective payment ecosystems. The partnership is the latest in a series of collaborations announced by PayPal over the past
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Switzerland Sets the Stage for Instant Payments
Stability. Secrecy. Safety. The Swiss financial system has been the very definition of these attributes for almost 200 years. But like the world’s financial systems, institutions and networks, one very active new factor is knocking at the border: change. And
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Revolut Surpassed 25 Million Customers, Eyes Further Global Expansion
Global remittance app Revolut announced that it has surpassed 25 million retail customers worldwide, up from 20 million in July, and is now processing over 330 million transactions a month. The company also plans to expand in Brazil, India, Mexico
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UK’s Banked Gets US$15M Series A Extension to Fuel US Expansion
London-based payments company Banked has raised over US$15 million in a Series A extension round, led by global software investor Insight Partners, following a Series A earlier this year led by Bank of America. Citi, National Australia Bank Ventures, and
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