Cross-border Interbank Payment System (CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border...
13 KB (1,356 words) - 09:09, 30 April 2025
It is indispensable to the functioning of the interbank, money, and capital markets. A weak payment system may severely drag on the stability and developmental...
11 KB (1,339 words) - 12:56, 18 May 2025
BRICS Pay (category Payment systems)
Application (RMA) Cross-Border Interbank Payment System (CIPS) Dedollarisation Electronic money Indian Financial System Code (IFSC) Single Euro Payments Area (SEPA)...
8 KB (721 words) - 12:51, 26 April 2025
BRICS (section BRICS payment system)
were disruptions to the SWIFT system. China also launched its alternative to SWIFT: the Cross-Border Interbank Payment System, which enables financial institutions...
180 KB (13,995 words) - 12:27, 20 June 2025
China Securities Depository and Clearing Corporation (CSDC) Cross-Border Interbank Payment System (CIPS) National Association of Financial Market Institutional...
6 KB (566 words) - 00:47, 5 January 2025
country have also issued RuPay ATM cards. Unified Payments Interface is a real-time interbank payment system for sending or receiving money. It is integrated...
31 KB (2,797 words) - 11:16, 22 May 2025
SWIFT (redirect from Society for Worldwide Interbank Financial Telecommunication)
Application (RMA) BRICS PAY Cross-Border Interbank Payment System (CIPS) SPFS, Russian equivalent Electronic money Indian Financial System Code (IFSC) ISO 9362...
52 KB (5,248 words) - 01:55, 30 May 2025
Financial market infrastructure (category Payment systems)
Corporation (ChinaClear), the Shanghai Clearing House, and Cross-Border Interbank Payment System (CIPS) in China Financial trading venues such as stock exchanges...
8 KB (740 words) - 18:49, 11 February 2025
Real-time gross settlement (section Existing systems)
efficient national payment system reduces the cost of exchanging goods and services, and is indispensable to the functioning of the interbank, money, and capital...
27 KB (1,938 words) - 20:51, 2 June 2025
Pan-African Payment and Settlement System (PAPSS) is a Pan-African real-time gross settlement (RTGS) infrastructure for cross-border payments in distinct...
8 KB (720 words) - 16:43, 3 December 2024
defined instant payments as: Electronic retail payment solutions available 24/7/365 and resulting in the immediate or close-to-immediate interbank clearing of...
20 KB (1,204 words) - 10:54, 24 May 2025
Messaging System (SFMS) and the Indian Banking Community Cloud (IBCC) have been handed over to IFTAS with effect from April 1, 2016. Cross-Border Interbank Payment...
4 KB (375 words) - 09:01, 3 June 2025
Unified Payments Interface, commonly known as UPI is an Indian instant payment system as well as protocol developed by the National Payments Corporation...
187 KB (16,993 words) - 15:53, 16 June 2025
(Ghana QR code payment) is Ghana’s standardized QR code payment system launched by the Ghana Interbank Payment and Settlement Systems (GhIPSS). It is...
29 KB (3,074 words) - 23:01, 30 May 2025
"Southern European Payment Systems Group in Talks to Add Partners". Bloomberg. 13 November 2024. "Cross-border instant payments between Bancomat, Bizum...
4 KB (359 words) - 10:54, 22 May 2025
Payment and settlement systems are used for financial transactions in India. Covered by the Payment and Settlement Systems Act of 2007 (PSS Act), legislated...
20 KB (2,348 words) - 13:10, 27 October 2024
Electronic funds transfer (redirect from Electronic Payment System)
as Society for Worldwide Interbank Financial Telecommunication (SWIFT) Real-time Payments Interbank network Payment system Real time gross settlement...
4 KB (452 words) - 23:46, 19 April 2025
the Russian-developed System for Transfers of Financial Messages (SPFS), the China-supported Cross-Border Interbank Payment System (CIPS), and the European...
64 KB (6,133 words) - 13:03, 4 June 2025
The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic...
6 KB (625 words) - 09:54, 2 January 2025
SEPA payment scheme facilitates payment products also on smart devices. The aim of SEPA as stated in 2008 was to improve the efficiency of cross-border payments...
33 KB (2,860 words) - 11:07, 4 June 2025
Nexus, a multilateral international initiative to enable retail cross-border payments. Bank Indonesia involved as a special observer. The platform, which...
5 KB (353 words) - 07:48, 27 May 2025
Trade System (CFETS) Cross-Border Interbank Payment System (CIPS) Asia-Pacific Central Securities Depository Group CCP Global "China Sets Up Interbank Clearinghouse...
4 KB (360 words) - 12:39, 17 April 2025
currency platform developed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using CBDCs. Based on a blockchain...
12 KB (1,062 words) - 18:15, 24 April 2025
PayNow (category Interbank networks)
Nexus, a multilateral international initiative to enable retail cross-border payments. Bank Indonesia involved as a special observer. The platform, which...
6 KB (365 words) - 11:00, 22 May 2025
Digital rupee (section Cross-border settlement)
each trade had to be completed separately, unlike traditional interbank payment systems where trades were netted off first and then settled in bulk with...
51 KB (4,958 words) - 06:02, 23 May 2025
the Russian-developed System for Transfers of Financial Messages (SPFS), the China-supported Cross-Border Interbank Payment System (CIPS), and the European...
68 KB (4,940 words) - 15:46, 20 June 2025
been developing its own payment systems. In 2015, the People's Bank of China launched the Cross-Border Interbank Payment System (CIPS) to reduce dependency...
53 KB (6,408 words) - 04:00, 14 June 2025
RuPay (category Payment and settlement systems in India)
Rupee and Payment) is an Indian multinational financial services and payment service system, conceived and owned by the National Payments Corporation...
129 KB (10,593 words) - 05:00, 9 June 2025
electronic cross-border payments. Within individual countries, payers and payees have used various electronic systems to make such payments. In the United...
4 KB (451 words) - 08:54, 14 March 2025
Society for Worldwide Interbank Financial Telecommunication (SWIFT) as the formal registrar. Initially developed to facilitate payments within the European...
80 KB (4,994 words) - 14:38, 21 May 2025