Payments Research

Jul

Project Nexus is driving APAC cross-border payment innovation

Project Nexus is set to significantly reshape real-time cross-border payments, not just within Asia but potentially on a global scale. This initiative addresses the long-standing challenges of speed, cost, access, and transparency that often hinder international money transfers. A recent and pivotal development in this endeavor occurred on April 3,…

Jul

Payments Research

MAS responds to recurring bank outages with new safeguards and regulatory pressure

The Monetary Authority of Singapore (MAS), in collaboration with NETS Group, has announced plans to introduce stand-in capabilities for NETS point-of-sale (POS) terminals. This initiative aims to enable consumers to continue making contactless payments at retail outlets even during bank outages, serving as a direct response to the numerous disruptions…

Jul

Payments Research

Southeast Asia’s first Visa Flex solution launches in Vietnam

Mastercard’s recent decision to join the Global Dollar Network (GDN) stablecoin consortium—alongside issuers like Paxos, Circle (USDC), Fiserv (FIUSD), and PayPal (PYUSD)—marks a pivotal shift in the banking and payments landscape. By integrating these regulated digital dollars into its vast global infrastructure, Mastercard is not just embracing blockchain innovation; it…

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