Instant payments
Payment security must improve, Norges Bank warns
Norwegian central bank says it will decide on design of new settlement system by 2025
São Tomé gets loan for RTGS upgrade
Island country lacks automated system
Singapore and Malaysia set up cross-border payments link
Travellers can use QR codes to pay for transactions in foreign stores
Swift completes cross-border CBDC settlement pilot
Banque de France, Bundesbank and the MAS among central bank participants
India and Singapore link fast payments systems
Connection designed to help diaspora make cheaper and faster transfers
PBoC launches offline CBDC payments
Users can also conduct e-yuan transactions with 0% battery
Brazil’s central bank reassures public that Pix is free
Online rumours claimed payments system would start charging consumers and firms
Italy to allow larger cash payments despite central bank objections
Official warns move could encourage illicit activity
The long road to 24-hour RTGSs
Extended hours would help international payments but some central banks challenge the business case
Brazilian central bank will make Pix open source
Communications protocols will be open to all “for free”
RBA payments systems suffer outage
Problem took too long to resolve, and platform is too fragile, payments executive claims
Fiji will eliminate cheques from 2024
Governor says improved RTGS will replace paper payments
Swift aims to cut cross-border frictions with predictive tool
Use of anonymised data can help spot errors in cross-border payments, Swift says
FedNow scheduled for mid-2023 launch
Bowman and Brainard see CBDC substitution and cloud technology advantages
Campos Neto predicts end of credit cards
Brazil governor says Pix will be model for region’s payment systems
CBDCs could hugely improve cross-border payments – ECB’s Bindseil
“Holy grail” of secure, instant universal payments could be a reality in next 10 years, authors say
Japan and Soramitsu to conduct Asia-Pacific CBDC studies
Observers note de-dollarisation and spread of e-yuan as potential motivations
Nearly 30% of central banks implementing instant payments
Over half of respondents already oversee or operate instant payments
Riksbank launches 24/7 instant settlement system
Rix-Inst operates on same technology as ECB’s Tips system
Asean pushing for greater retail payments connectivity
Finance ministers and governors discuss QR codes and instant cross-border payments
BoE partners with MIT on CBDC
Bank of Canada and the Boston Fed have also teamed up with MIT on research projects
Central banks essential to preserve trust in money – Carstens
Companies may fragment monetary system through competing stablecoins, warns BIS chief
Podcast: an update on the e-naira project
Bitt’s Imran Khan explains how its project in Nigeria is different to CBDC projects launched before
BoE’s new RTGS system to be open 24/7 ‘if required’
Should industry require it, the upgraded system will be operational continuously