Phrases with «interbank payments»

Interbank payments refer to the transactions or transfers of money between different banks. It involves the movement of funds from one bank to another for various purposes such as loan repayments, settlements, or conducting business transactions. Full definition

Sentences with «interbank payments»

  • Three of Ireland's «Big Four» banks are working with Deloitte and the Royal Bank of Scotland to implement an Ethereum - based interbank payment system. (ethnews.com)
  • Established in the 1980 revision of the Bank Act, this association operates a highly automated national clearing system for interbank payments. (hsbc.ca)
  • The Monetary Authority of Singapore (MAS) will soon test how it could issue digital currency using a blockchain - based interbank payment system; Cash is drying up for bitcoin and blockchain startups amid a broader decline in FinTech funding, according to new research from KPMG and CB Insights — ... (bit-media.org)
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