Domestic & Real-time
Domestic and real-time payments news: UPI, Pix, FedNow, SEPA Instant, faster payments schemes, ACH and account-to-account rails.
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When the lights go out: Mastercard’s offline mandate, a £700m interchange claim and Canada’s bank-light real-time rail
Mastercard tells Europe every new card must work offline, UK merchants bring a £700m claim over cross-border interchange, Canada’s real-time rail looks set to launch without…
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Pix keys top 1 billion in Brazil as September transactions reach 7.1 billion
Brazil now has more than 1 billion registered Pix keys, led by random keys, and the SPI processed 7.1 billion Pix payments in September.
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Stablecoins hit the plumbing: OUSD goes live, Swift’s ledger runs, Australia bans surcharges
In Sibos week, Visa, Mastercard, Stripe and Coinbase launched a shared dollar token, Swift’s ledger ran live tokenised deposits, Lloyds settled with Visa in USDC, and…
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