Author: Digital Trade Outlook

Razorpay has launched Vulcan, which it calls India’s first transformer based AI foundation model built specifically for payments. The goal is to make every digital payment in the country more reliable, safer and predictable. Built with NVIDIA and AWS, the model combines Razorpay’s payments data with NVIDIA’s accelerated computing and AWS’s cloud infrastructure, groundwork the company says India’s e commerce market will need as it heads toward a projected $350 billion by 2030. An internal Razorpay study across 1.5 million shoppers and more than 51,000 businesses found the same payment friction, failed transactions, drop offs and delays, showing up identically…

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DBS and Citi have demonstrated the potential for 24/7 cross-border USD payments by completing a weekend transaction between Singapore and the U.S. using tokenised deposits on the Swift Digital Ledger. Settled within minutes instead of up to two business days, the transaction highlights how tokenised money on established banking infrastructure could improve liquidity management, reduce time-zone and weekend delays, and give corporate treasurers faster access to funds across markets.

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KB Kookmin Bank has launched an import export corporate payment service built on Kinexys by J.P. Morgan’s Blockchain Deposit Account (BDA) network, making it the first Korean financial institution to use the network for import and export payment services. The service will run through KB Kookmin’s domestic branches in Korea and its Singapore branch, covering remittances to 10 countries: the United States, Singapore, Saudi Arabia, India, Thailand, Qatar, the United Arab Emirates, Bahrain, South Africa and Korea. It will initially support US dollar transactions. Once live, Korean importers and exporters will be able to settle USD payments faster and more…

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