# Visa Joins MAS-Led BLOOM Initiative to Connect Traditional Payments and Stablecoin Networks

- Link: https://www.thailand-business-news.com/pr-news/visa-joins-mas-led-bloom-initiative-to-connect-traditional-payments-and-stablecoin-networks
- Published: 2026-08-25T07:00:00+07:00
- Author: PR Newswire

SINGAPORE, Aug. 25, 2026 /PRNewswire/ — Visa, the world’s leader in digital payments,
announced its participation in BLOOM (Borderless, Liquid, Open, Online, Multi-currency),
a new initiative led by the Monetary Authority of Singapore (MAS) designed to extend
settlement capabilities offered by financial institutions, including enabling interoperability
between traditional payment systems and stablecoin-based payment rails.

The initiative brings together industry participants to address how financial institutions
can benefit from faster, more programmable forms of payment without sacrificing 
the safeguards that underpin trust in the financial system. As part of this effort,
Nium is Visa’s first partner to pilot the use of stablecoins for settlement under
BLOOM, exploring new ways to move money across borders more efficiently while continuing
to leverage Visa’s trusted payment network, security, and compliance capabilities.

Today, payment settlements typically take place on business days. Through this pilot,
both organisations are exploring how stablecoins can enable settlements to occur
seven days a week, including weekends and public holidays. This will help reduce
delays, improve efficiency, and provide participating financial institutions with
faster access to funds. The pilot will support regulated stablecoins that are backed
by major currencies, including US dollar and euro-denominated stablecoins.

For businesses, this could mean greater efficiency in how payments are sent, received
and managed. For consumers, it could pave the way for more seamless payment experiences
regardless of the underlying technology powering the transaction. For the broader
financial ecosystem, it represents an opportunity to advance innovation without 
compromising trust.

[⌊Adeline Kim, Group Country Manager for Regional Southeast Asia and SVP, Global
Clients & Acquirers, Asia Pacific, Visa⌉⌊Adeline Kim, Group Country Manager for 
Regional Southeast Asia and SVP, Global Clients & Acquirers, Asia Pacific, Visa⌉[
Adeline Kim,
Group Country Manager for Regional Southeast Asia and SVP, Global Clients & Acquirers,
Asia Pacific, Visa

"The future of payments will be shaped by how different forms of money and payment
networks work together for different use cases," said **Adeline Kim, Group Country
Manager for Regional Southeast Asia and SVP, Global Clients & Acquirers, Asia Pacific,
Visa**. "Through BLOOM and our pilot with Nium in Singapore, we are exploring how
stablecoins can complement existing payment infrastructure, enabling greater flexibility
in settlement while preserving the security, resilience and compliance standards
that underpin global commerce. As digital payments continue to evolve, interoperability
will be critical to delivering meaningful value across the financial ecosystem."

[⌊Amaresh Mohan, Chief Risk and Compliance Officer at Nium⌉⌊Amaresh Mohan, Chief
Risk and Compliance Officer at Nium⌉[
Amaresh Mohan, Chief Risk and Compliance Officer
at Nium

"This pilot with Visa under BLOOM is a meaningful step in our partnership to shape
the next phase of payments in the region," said **Amaresh Mohan, Chief Risk and 
Compliance Officer at Nium. **"We’re building foundational infrastructure for seamless
interoperability between traditional and stablecoin-based rails. This convergence
is not only inevitable, it’s essential. By bringing together the security and trust
of established payment networks with the efficiency and programmability of digital
currencies, we unlock real value for financial institutions and their customers.
BLOOM demonstrates that innovation and compliance advance together," he added.

As one of the world’s leading financial and innovation hubs, Singapore continues
to play a key role in advancing responsible digital finance. Through collaboration
across the public and private sectors, initiatives such as BLOOM are helping establish
the foundations for a more connected, interoperable and trusted financial ecosystem.

**About Visa**

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions 
between consumers, sellers, financial institutions and government entities across
more than 200 countries and territories. Our mission is to connect the world through
the most innovative, convenient, reliable and secure payments network, enabling 
individuals, businesses and economies to thrive. We believe that economies that 
include everyone everywhere, uplift everyone everywhere and see access as foundational
to the future of money movement. Learn more at Visa.com. 

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  |  This article was produced by Cision PR Newswire, our trusted news partner. The views expressed and the content presented here are solely those of the author and may not fully reflect the opinions of Thailand Business News. |

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