The Central Bank of Brazil (BCB) is set to cap interchange fees for prepaid cards starting in April 2023, and it will also standardize the settlement term for debit and prepaid card transactions. Reuters reported Monday (Sept. 26) that the limit will be 0.7% for...
Fed Exec Sees Payments ‘Revolution’ While the Federal Reserve and Treasury Department have been trying to reassure banks that a digital dollar would not disintermediate them, an executive of the New York Federal Reserve warned that central bank digital currencies (CBDCs) could do just that....
Latin American exchange Mercado Bitcoin is teaming with the Stellar Development Foundation (SDF) on one of the nine projects in the LIFT Challenge Real Digital, a collaborative environment hosted by the Central Bank of Brazil and the National Federation of Associations of Central Bank Servers....
The Central Bank of Brazil unveiled stricter regulations for FinTech firms Friday (March 11), imposing regulations based on the size and complexity of these companies and creating tougher standards for required capital. Reuters reports the new rules will begin taking effect in January 2023 and...
March 06, 2020
Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure. Many of these providers are particularly competing for […]
February 27, 2024
Brazil’s central bank is reportedly looking to take the country’s instant-payment system, Pix, to the global stage. With policymakers from the Group of 20 nations meeting in Sao Paulo to discuss faster and cheaper cross-border payments, the Central Bank of Brazil considers Pix to be a possible solution, Bloomberg reported Tuesday (Feb. 27). Pix has quickly become a […]
September 26, 2022
The Central Bank of Brazil (BCB) is set to cap interchange fees for prepaid cards starting in April 2023, and it will also standardize the settlement term for debit and...
May 24, 2022
Latin American exchange Mercado Bitcoin is teaming with the Stellar Development Foundation (SDF) on one of the nine projects in the LIFT Challenge Real Digital, a collaborative environment hosted by...
March 11, 2022
The Central Bank of Brazil unveiled stricter regulations for FinTech firms Friday (March 11), imposing regulations based on the size and complexity of these companies and creating tougher standards for...
