The study, published by BIS Innovation Hub Nordic Centre, evaluates how central bank digital currency payments could be made without access to the Internet, an essential consideration for resilience planning and for CBDC payments in remote locations
As part of the mandate, HCLTech will combine its digital and engineering services capabilities with Volante’s payments solutions and low-code financial platform
BIS Innovation Hub Singapore Centre has used the Nexus prototype to connect the test versions of three established ISPs, from the Bank of Italy, Central Bank of Malaysia and Monetary Authority of Singapore
Working alongside central banks from Israel, Norway and Sweden, the PoC evaluates the technical feasibility of making cross-border and cross-currency payments between retail CBDC systems
The product is being designed in advance of Shieldpay’s plans to scale its operations, which currently include the provision of B2B payments to legal and professional service firms, financial services and technology platforms
