In this article, we will discuss developments with larger value cross-border commercial payments. The Visa Economic Empowerment Institute (VEEI) research found that small businesses which were digitally enabled and connected to global and regional marketplaces…
In my previous article in this publication a few months after the launch of Buna in 2020, I shared some thoughts on the challenges that cross-border payment systems must tackle to develop and progress. In the past two years, we have been onboarding new…
The Digital Dollar Project is a convener of ideas, people, and organizations to facilitate open experimentation and data collection for consideration. We have set out to explore the thesis that a tokenized U.S. dollar could provide societal and economic…
APIs can significantly accelerate the pace of product and infrastructure development, as well as the integration of various payment systems. The FIS CBDC & Digital Currencies Connected Ecosystem™ can also accelerate delivery of the prototypes, allowing…
In 2016, the Bank launched the FinTech Center in the Payment and Settlement Systems Department. Since its inception, the Center has engaged in efforts to encourage novel technologies that would contribute to the further convenience and efficiency of financial…
While the industry’s focus remains largely on modernising retail transactions, wholesale payment systems, which ultimately underpin and enable rapid retail transfers to take place, have not yet benefitted from meaningful transformation. This is especially…
How the industry is charting the course for transformative payments in 2022 and beyond with Discover® Global Network, EMTECH, FIS, ProgressSoft, RTGS.global, StoneX, Tietoevry, and Visa.
The concept of partnering with an alternative international payments scheme that allows for domestic scheme independence while sharing common technology is a model that provides scale, global acceptance, and standardizes the rules for international transactions.
Creating a cross-border payments ecosystem that delivers collaborative value between authorised financial institutions across the Southern African Development Community is possible through a new, world-first African payments scheme that is fully operational.…
In September, Visa published a pair of CBDC reports about Universal Payment Channels (UPCs). The specifics of UPCs are laid out in the research paper Universal Payment Channels: An Interoperability Platform for Digital Currencies. The second paper, Cross-border…
