"The Clearing House and The Bank of New York Mellon Corporation announced the completion of the largest instant payment in U.S. history and the first-ever payment on the RTP® network exceeding $1 million, following the recent increase in the network’s transaction...
Nigerian Crypto Startup Busha Lists Cngn, a Consortium-Led Naira Stablecoin, Plans Rollout in Phases
"Busha, a Nigerian cryptocurrency exchange that secured a provisional licence from the country’s Securities and Exchange Commission (SEC) in August 2024, has listed the compliant NGN (cNGN) on its platform. This marks the introduction of Nigeria’s first private...
Ripple Teams up With Unicâmbio to Facilitate Near-Instant Brazil-Portugal Payments
"Ripple said Monday the firm is partnering with Unicâmbio, a leading financial services company in Portugal, to enable instant cross-border payments between Portugal and Brazil. As part of the partnership, Unicâmbio will utilize Ripple Payments to settle payments for...
Russ Vought Orders Consumer Financial Protection Bureau to Stop Work
"The Trump administration late Saturday ordered the Consumer Financial Protection Bureau, an independent government agency designed to protect consumers from corporate fraud and scams, to halt much of its work, amid an ongoing overhaul of the federal bureaucracy."
Trust Bank and TerraPay Launch First-of-its-Kind International Payment Solution for Bangladeshi Students Going Abroad to Study
"Trust Bank, a commercial bank in Bangladesh and TerraPay, a global money movement company, have partnered to offer an innovative payment solution for students in Bangladesh. This collaboration provides students and families a streamlined solution to pay tuition fees...
India’s Banking On the bank.in Domain Cleaning Up Its Financial Services Sector
"India’s Reserve Bank announced a plan to use adopt dedicated second-level domains – bank.in and fin.in – in the hope it improves trust in the financial services sector. The reserve bank also decided that it would require two factor authentication for cross-border...
Is the End of Pesky Card Surcharges on the Horizon? [Australia]
"The Reserve Bank is undertaking a big study into card surcharging — with the goal of making them go away, or at least get much smaller.g a big study into card surcharging — with the goal of making them go away, or at least get much smaller."
Open Banking 2025 Thoughts & Trends
"As we head into the new year, we are highlighting a few topics that are top of mind for Mastercard Open Banking, and how we see the Open Banking landscape evolving over the next 12-24 months."
Backbase and Feedzai Partner to Launch Deeply Integrated Financial Crime Prevention in the Engagement Banking Platform
"Backbase announced a strategic partnership with Feedzai aiming to empower banks to tackle the growing challenge of digital fraud while maintaining seamless customer experiences."
South Sudan Launches First-Ever Instant Payments System Three Years After Proposal
"Three years after it was first proposed, the Bank of South Sudan (BoSS) has launched its first National Instant Payment System (NIPS) in collaboration with the AfricaNenda Foundation, an advocacy group for instant payments. NIPS will enable instant transactions to...