Olayemi Cardoso highlights the role of cross-border payments in global finance.
The statement from Cardoso emphasizes cross-border payments as the backbone of international monetary and financial systems. This view was expressed in a recent article published by THISDAYLIVE. No further details on the context or specific remarks are available from the provided source. The publication date appears as February 19, 2026, based on the URL.
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Banco Master, formerly known as Máxima, conducted remittances of US$531 million, equivalent to R$2.8 billion, to One World Services (OWS), a firm probed for money laundering for the PCC and Hezbollah. The deals took place from December 2018 to April 2021, showing signs of documentation flaws. The bank reached an agreement with the Central Bank, closing the administrative probe without acknowledging wrongdoing.
Analysts say many yuan transactions are now routed through China’s own global payment system CIPS, which often does not appear in traditional data sets. This could explain the gap between Beijing’s claim that the yuan is the world’s third-largest payment currency and figures from trackers like Swift.
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The Central Bank of Nigeria is leading efforts to modernise electronic payments, aiming to enhance cybersecurity and ensure financial stability.
The Banco de la República received an award in the Central Banking Awards 2026 for the Bre-B system, in the retail payments and market infrastructure development category. This recognition highlights advances in interoperable instant payments in Colombia.
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In Colombia, where cash still dominates transactions, instant payments and digital wallets are changing how people pay and businesses collect. Sumia Solutions emphasizes the role of regulation and widespread smartphone adoption in building a digital standard to ease transactions. The Bre-B scheme from the Banco de la República, along with platforms like Sumia, is speeding up this shift to faster and safer payments.
STF President Luiz Edson Fachin advocated for judges' impartial distancing and resumed discussions on an ethics code in response to the Banco Master crisis. In an interview, retired Justice Luís Roberto Barroso acknowledged a 'difficult moment' for the court but urged caution in judgments. The scandal impacts ministers like Alexandre de Moraes and Dias Toffoli, with revealed messages and business ties.
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The People's Bank of China has pledged to integrate the digital yuan into the New International Land-Sea Trade Corridor and establish a cross-border payment pilot with Singapore to promote the internationalisation of China's currency.