archivedigital payments

Currency notes aren't museum pieces – at least, not yet - in the digital era.Growth in currency in circulation is higher at 2.4% year to date up to May 2, compared with 1.7 percent in the same period a year ago, showed the latest Reserve Bank of India (RBI) data, reflecting rural demand supported by farmgate prices of agricultural commodities.Currency usage has remained relatively strong despite the absence of a busy election calendar during which cash usage typically climbs.Total currency in circulation is at Rs 38.1 lakh crore as of...

Instant payments often stop at national borders. That's an issue for banks and companies trying to do business around the world. As popular as real-time payments have become, the underlying protocols are mostly domestic and unable to work with each other.Circle, which is best known for issuing the USDC stablecoin, is trying to narrow this gap by launching the Circle Payments Network, which connects financial institutions, digital challenger banks, payment companies, and digital wallets to process payments instantly in different currencies and markets. Other firms tied to cryptocurrency, such as Ripple,...