Payments News

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South Africa’s Central Bank Claims Success In Blockchain Payment Trial

“South Africa’s central bank has announced what could be argued are astonishing results for a trial of its blockchain-based system for interbank clearance and settlement. According to a statement released Tuesday, the South Africa Reserve Bank (SARB) said it has completed a 14-week “realistic” proof-of-concept that managed to settle the country’s typical 70,000 daily payment transactions within […]
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Thai CB To Issue Digital Currency For Interbank Settlement: Sarb Reports Back On Project Khokha

“The issue of a a limited central bank digital instrument that serves as a settlement asset for payment and settlement activity is generally viewed as a promising application for the introduction of blockchain technology in the wholesale markets. The Thai Central bank’s efforts are part of a wider programme of private and public sector applications […]
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On The Wires

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Baton Systems Payments Solution Now Available in Oracle’s Open Banking Platform and Oracle Cloud Marketplace

“Baton Systems (“Baton”), one of the industry’s fastest, on-demand platforms for clearing, settling and managing payments between financial institutions in capital markets and a Silver level member of Oracle PartnerNetwork (OPN), today announced that its high-speed payments solution is now available in the Oracle Cloud Marketplace and Oracle Digital Innovation Platform for Open Banking for banks and financial institutions.”