Visa: Making Cross-border B2B Payments More Efficient, Fast, and Transparent

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…

BENEFIT Company: In Conversation with Shafaq Alkooheji, Head of Payments Services

ProgressSoft speaks with Shafaq Alkooheji, Head of Payments Services at the BENEFIT Company, about the development, launch, and adoption of e-cheques in Bahrain, part of the Central Bank of Bahrain’s broader digital transformation strategy.

Afghanistan Digital Payments and the Rise of AfPay

The Afghanistan Payments System (APS) was spearheading the modernization of retail banking in the country—and was poised to ride that momentum well into the future—when the Afghan government collapsed in August 2021. Ahmad Shakir Wali, Managing Director…

RTGS.global: Building a Financial Market Infrastructure for the Digital Age

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…

Central Bank of Eswatini National Payment Systems Vision and Strategy 2025

The Central Bank of Eswatini (CBE) has been proactive in creating an enabling environment for innovation in digital financial services in response to consumer demands and changing market needs. This is evident with the release of the Practice Note for…

Special Feature: Industry Perspectives on Charting the Course for Transformative Payments

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.

Central Bank of Montenegro: How to Boost Banking and Payment Innovation in a Small Developing Economy

Fostering innovation brings with it different challenges depending on the level of development, market size or even the geographic position of a country. When compared to the frontrunners, small markets face barriers that are much more challenging than…

Journey to a Bahamian Digital Dollar

Project Sand Dollar is a Central Bank of The Bahamas initiative to promote more inclusive access to regulated payments and other financial services for unbanked and underbanked communities and socio-economic groups. Additionally, by introducing this retail…

Bank of Israel: Spurring Paytech Innovation in Smaller Developed Markets

In recent years, at the Bank of Israel we have resolved to lead game-changing initiatives in the payments space. Our intent is not only to close gaps that have emerged between Israel and the global payments scene, but also to proactively lead in areas…

Central Bank of the Future Project Examines Technology and Financial Inclusion

The central bank of the future must adapt to changing technologies to provide a financial system that works for all. Over the last three years, the University of Michigan’s Center on Finance, Law & Policy (CFLP) and the Bill and Melinda Gates Foundation…