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Latest Results from /payments

/payments

The Payments Association calls for more LGBTQIA+ diversity in payments

Findings from a survey conducted by The Payments Association (TPA) highlighted the need for further LGBTQIA+ inclusion in financial services.

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CBDC pilot projects seeing adoption in Ghana and Thailand – Giesecke + Devrient

Raoul Herborg, managing director, central bank digital currency (CBDC) solutions at Giesecke and Devrient (G+D) spoke to Finextra on their release of a recent survey on CBDC progress worldwide, and what we can expect from CBDCs in the coming years.

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ISDA and Ant International call for common industry framework for asset tokenisation

The uptake of tokenised bank liabilities and shared ledgers in transaction banking services could lower cross-border currency costs by 12.5%, saving businesses more than US$50 billion by 2030, according to a report by the International Swaps and Derivatives Association (ISDA) and Ant International.

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MiniPay and Noah debut global-to-local stablecoin payments

MiniPay and Noah have joined forces on non-custodial stablecoin payments that connect global banking rails with local payment methods.

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AllUnity secures BaFin EMI Licence to launch Euro stablecoin

AllUnity, a joint venture between asset manager DWS, market maker Flow Traders, and blockchain firm Galaxy, has been granted an E-Money Institution (EMI) licence by the German Federal Financial Supervisory Authority (BaFin)

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Wise makes bid for US national trust bank charter

UK-based money transfer giant Wise has applied to be directly regulated by the US Office of the Comptroller of the Currency and create a national trust bank.

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US bank groups call for quick transition as Treasury phases out paper cheques

A trio of bank groups has written to the US Department of the Treasury urging it to move quickly in ditching paper cheques for electronic payment options.

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Mastercard applies AI to stem card reissuance fraud

Mastercard is rolling out Account Intelligence Reissuance, a GenAI-based fraud prevention service, in the Eastern Europe, Middle East and Africa (Eemea) region.

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Australian banks launch nationwide Confirmation of Payee scheme

Australia's banks have begun the roll-out of a nationwide Confirmation of Payee programme to help protect customers from being tricked into sending money to criminals.

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Bitget launches zero-fee crypto card with Mastercard support

Mastercard, Bitget Wallet, and Immersve are launching a zero-fee crypto card that enables users to spend their crypto at more than 150 million merchants globally.

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Hokkoku and Soft Space to roll out SoftPOS tool that supports stablecoin transactions

Hokkoku Financial Holdings is working with Soft Space to develop a SoftPOS product that enables merchants to accept both contactless card payments and regulated stablecoin payments using only a smartphone or tablet.

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ECB commits to distributed ledger technology settlement plans

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