Tag "Bank of Thailand (BOT)"

Project mBridge Enters Minimum Viable Product Stage

The Hong Kong Monetary Authority (HKMA), alongside the mBridge project team, has announced that Project mBridge has reached the Minimum Viable Product (MVP) stage. This initiative, aimed at addressing cross-border payment challenges through central bank digital currencies (CBDCs) and innovative

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China and Thailand Sign MoU to Promote CBDCs

The Bank of Thailand has signed a memorandum of understanding (MoU) with China to advance the development and usage of Central Bank Digital Currencies (CBDCs). This partnership aims to promote cross-border payments and enhance financial cooperation between the two countries

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Hong Kong and Thailand Launch New Cross-Border QR Payment System

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have launched the FPS x PromptPay Link, facilitating cross-border QR payments between Hong Kong and Thailand. This service, effective from 4 December, allows travellers to make retail payments

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Hong Kong Fintech Week 2023: A Summary of Key Highlights

Hong Kong Fintech Week (HKFW) 2023, organised by the Financial Services and the Treasury Bureau, Invest Hong Kong, and various key financial authorities, concluded on 5 November.  The event drew a record attendance of over 35,000 attendees and more than

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HKMA’s Faster Payment System Sees Steady Growth With 10.9 Million Users

The Hong Kong Monetary Authority (HKMA) announced during the fourth anniversary of its Faster Payment System (FPS) that the service has received 10.9 million registrations as of the end of August 2022. According to them, FPS usage has also been

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Central Banks of China and UAE Joins Hong Kong-Thailand’s Digital Currency Project

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced in a joint statement that the central banks of China and the United Arab Emirates will be joining them for the second phase of their central bank

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Hong Kong and Thai Regulators Unveils Pilot Results on Central Bank Backed Digital Currency

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced the outcomes and published a joint report on Project Inthanon-LionRock. The two authorities initiated Project Inthanon-LionRock to study the application of CBDC to cross-border payments.  A THB-HKD

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Hong Kong and Thailand May Be Working on a Joint Central Bank-Backed Crypto Project

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) entered into a Memorandum of Understanding (MoU) to foster collaboration between the two regulatory authorities in promoting financial innovation. Under the agreement, HKMA and BOT agreed to work together

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