The US Faster Payments Council has released ‘Operational Considerations for Receiving Instant Payments’, a guideline for financial institutions on instant payments, including RTP and FedNow.

The Bangko Sentral ng Pilipinas (BSP) and the Department of Labor and Employment (DOLE) are urging labor and employer sector leaders to transition to digital wage payments, highlighting the benefits of safe and efficient payroll solutions.

This review summarizes the impact of such interventions as graduation programs and cash transfers, as well as variations in design and delivery, on economic, and non-economic outcomes among female recipients.

The digital wallet promises to reduce remittance fees for underbanked employees in the UAE by enabling transfers to up to five people for the price of one.

The company projects it will process around $400 million in payments this year in the five countries in which it operate.

The partnership also focuses on designing and supporting cottage, micro, small, and medium enterprises.

Amid the enthusiasm to expand and scale digital public infrastructure (DPI) models to dozens of new markets, this report explores the opportunities for DPI to be built and deployed responsibly for three fundamental elements of financial inclusion: identity (ID), payments, and consent-based data exchanges. 

By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability. 

For digital payments to be meaningful for farmers, the study finds that digitization needs to be strongly linked to access to a broader suite of financial services, to unlock farm investments and smooth day-to-day consumption. 

FINLAC, a joint effort by the IDB, IDB Invest and IDB Lab, serves as a one-stop shop for advancing financial inclusion, supporting governments, accompanying firms, and igniting innovation in developing and implementing effective policies, reforms and business practices to create inclusive financial markets in the region.