AIM Congress’ Post

A report by PwC, UOB, and the Singapore FinTech Association (SFA) highlights ASEAN’s FinTech growth, with funding surging over tenfold since 2015 and remaining resilient in 2024 despite global declines. It showcases innovations like digital banking, blockchain, and AI as drivers of inclusive financial progress and technological leadership in the region. *** CoinPayments is a world's leading secure and trusted crypto payments gateway. Serving key markets since 2013, CoinPayments allows businesses to accept over 100 cryptocurrencies as payment and is trusted by merchants worldwide. #future #business #innovation #blockchain #technology #finance #fintech

To everyone interested in cross-border #payments in Latin America, we highly recommend the excellent report recently published by Bitso Business in collaboration with Payments and Commerce Market Intelligence. "How Blockchain and Stablecoins Can Reshape Cross-Border Payments in Latin America" offers an in-depth perspective on how these technologies are innovating an ecosystem "plagued by intermediaries and infrastructure inefficiencies" The report takes a detailed look at how money moves internationally through correspondent banking systems, identifying the challenges faced by individuals and businesses, including high costs, delays, lack of transparency, and the persistent issue of liquidity traps. The insights into the potential of blockchain technology are particularly fascinating, as the report also explores the regulatory landscape for cross-border payments in Latin America. It provides detailed information on key markets such as Argentina, Brazil, Colombia, and Mexico, along with a qualitative analysis ranking the potential for adoption. In summary, this report serves as a clear roadmap for understanding both the opportunities and challenges in the region. Congrats to Ignacio E. Carballo, PhD. and the entire research team, and a big thank you for including kamiPay as a source! Access the report: https://lnkd.in/djxwTRbg

🎙New Episode Alert: This Month in Digital Money - November 2024 Edition 🌐💱 Join Conrad Kraft and Tamara Ferreira Schmidt from the Digital Euro Association as they dive into the latest developments in the world of digital currencies: • Singapore Gulf Bank plans to raise $50 million and acquire a #stablecoin #payments firm, signaling its push into #blockchain-based financial services. • Iran is preparing to launch its digital rial #CBDC, leveraging blockchain technology to modernize its financial system and counter-sanctions. • Brazil Taps Chainlink For Cross-Border CBDC Trade Finance Pilot. • European Investment Bank issues €100m digital bond settled with wholesale CBDC. 🎧 Listen now to stay informed! https://lnkd.in/dTYmXFgU

Foresight to embrace blockchain technology, fintech, and digital and crypto assets has turned the UAE into a magnet for global talent and investment. At the same time, organizations like ADGM and VARA ensure that a strong set of regulatory guidelines is not only protecting the country’s interests but are also working to help new technologies take root within the country and expand their reach overseas. In an interview with Economy Middle East, Amir Tabch, an expert recognized for his leadership in regulated financial services and fintech markets, discusses the UAE’s rise as a global fintech hub and the pivotal role of regulatory bodies like ADGM and VARA in fostering a secure, innovative landscape for digital assets. Read the full interview: https://lnkd.in/dCWb9E8H #Fintech #Blockchain #Finance #Technology #innovation #digitalassets

Why the #UAE is the FinTech Magnet of the Middle East Ever wonder why #FinTech leaders are flocking to the UAE like it’s the hottest new club in town? Well, the UAE didn’t just roll out a red carpet for #financialtechnology, #blockchain, & #digitalassets — it built an entire innovation highway, complete with regulatory pit stops like ADGM and Virtual Assets Regulatory Authority [VARA] These aren’t your typical regulators. Think of ADGM & VARA as the power duo of financial innovation — ensuring that while new ideas zoom in, they’re grounded in security & trust. Curious how #regulations can fuel #innovation? Dive in here and see how the UAE is redefining what’s possible in fintech! #Fintech #Financialtechnology #Regulation #DigitalTransformation #FintechIndustry #BlockchainTechnology #UAE #Leadership Economy Middle East

🌐 Visa is launching its Tokenized Asset Platform (VTAP) in 2025, empowering banks to tokenize real-world assets (RWAs) like bonds, commodities, and even fiat-backed tokens! Using blockchain, VTAP will significantly enhance the speed, security, and efficiency of financial operations, transforming how banks manage global trade, real-time transfers, and asset management. 💰📊 This move opens doors to fractional ownership, better liquidity, and broader financial inclusion. By tokenizing RWAs like property and commodities, banks can securely trace, audit, and transfer assets globally, tapping into new investment opportunities and simplifying access to previously hard-to-reach asset classes. Source: VISA https://lnkd.in/d2yGKdQX #Tokenization #RWA #Blockchain #FutureOfFinance #Visa

”𝟭𝟬 𝘆𝗲𝗮𝗿𝘀 𝗳𝗿𝗼𝗺 𝗻𝗼𝘄, 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗯𝗼𝗿𝗶𝗻𝗴. 𝗪𝗲 𝘄𝗼𝗻’𝘁 𝗯𝗲 𝘁𝗮𝗹𝗸𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗮𝗻𝘆𝗺𝗼𝗿𝗲.” That’s the view of Fernando Luis Vázquez Cao, Chief Executive Officer at SBI Digital Asset Holdings. According to him, we’ll have safer, more accessible financial transactions because: ✅ Blockchain will be seamlessly embedded into our financial system ✅ Digital currencies like central bank digital currencies (CBDCs) and stablecoins will be well-regulated ✅ FinTech (mainframes, the internet, blockchain) will continue to innovate the way that capital markets operate Learn more in this course on the future of finance—you’ll earn a professional certificate of achievement from CFTE - Centre for Finance, Technology and Entrepreneurship x Elevandi too. ➡️ https://lnkd.in/eEy64hfE #FinTech | #ElevandiEducation | Singapore FinTech Festival | Douglas Arner | Huy NGUYEN TRIEU | Pat Patel | Rebecca Martin | Yong Liang Mun

🌍💸 𝗖𝗿𝗼𝘀𝘀-𝗕𝗼𝗿𝗱𝗲𝗿 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗲𝗱 🌐🔍 Here’s what you need to know about cross-border payments: 𝗗𝗲𝗳𝗶𝗻𝗶𝘁𝗶𝗼𝗻: Transactions where funds are transferred between different countries. 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗖𝗼𝗻𝘃𝗲𝗿𝘀𝗶𝗼𝗻: Involves exchanging currencies, affecting the amount received. 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴: Handled by banks and payment processors, ensuring secure transfer. 𝗦𝗽𝗲𝗲𝗱 & 𝗙𝗲𝗲𝘀: Varies by method; some are faster but may have higher fees. 𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗧𝗿𝗲𝗻𝗱𝘀: Digital currencies and blockchain are making payments faster and cheaper. Understand cross-border payments to navigate international transactions smoothly! 🌐✨ #Global1Solutions #CrossBorderPayments #InternationalTransactions #PaymentProcessing #FinancialEducation #GlobalTrade

Purpose Bound Money: A New Paradigm of Value Transfer 💸🔗 Utility of digital money is on the rise and can exist in multiple forms (central bank digital currencies, stablecoins, tokenized deposits, and liabilities). Those issued on a blockchain offer the promise of programmability and greater functionality in value transfer for end-users. Purpose Bound Money (PBM) 💰, a version of programmable money, may find product market fit in specific use cases such as discount couponing 🎟️, instant credit ⚡, and cross-border foreign exchange 🌍. To scale the future vision for Purpose Bound Money (PBM), several coordinated activities such as standard setting and improving the user experience are needed. These activities should be pursued in public/private partnerships 🤝 focused on achieving the “greater good” for end consumers. Related materials by Grab, McKinsey & Company, Monetary Authority of Singapore (MAS) and StraitsX attached below. #PurposeBoundMoney #DigitalMoney #Blockchain #ProgrammableMoney #FinTech #Innovation #Credit #ForeignExchange #Couponing #UserExperience #PublicPrivatePartnerships #FutureOfFinance #ValueTransfer

📍The MAS announced the launch of the Global Finance & Technology Network, which aims to strengthen the country’s role as a global FinTech hub and foster innovation in payments, asset tokenization, and other areas: https://lnkd.in/dWAqauUA 📍FinTech company Paxos issues USDG stablecoin pegged to the U.S. dollar. The asset will be issued in the jurisdiction of Singapore in accordance with local laws. It’ll initially be launched on the Ethereum blockchain: https://lnkd.in/dUj8kDjM 📍Mastercard executives held an earnings call for analysts from major financial institutions to present Q3 2024 results and answer questions. Key figures, some highlights, and a link to the full transcript of the call are available: https://lnkd.in/dPKUNVjd