The Fintech Times

NOVEMBER 4, 2024

The Monetary Authority of Singapore (MAS) has unveiled four new plans to help advance tokenisation in financial services in the region. Phase two – foundational infrastructure MAS also plans to develop an ecosystem of market infrastructures to facilitate seamless cross-border transactions.

Authorization 83

Authorization CBDC Multi-Currency Settlement 83

Finextra

JULY 9, 2025

With APIs, ISO 20022 messaging, and global collaborations, real-time payments are transforming the way companies operate across borders. Cross-border transactions were traditionally slow, costly, and opaque. Real-time settlement across jurisdictions reduces reliance on intermediaries, slashes fees, and strengthens trust.

Real Time Payments 52

Real Time Payments Cross-Border ISO 20022 Transactions 52

Fintech News

JUNE 1, 2025

Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-time payment settlements. It supports tokenised currency issuance, FX, and settlement across both public and private blockchain networks.

Settlement 68

Settlement Stablecoins Cross-Border Payment Gateways 68

Finextra

JUNE 29, 2025

Market Size Value of cross-border payments is estimated to reach a minimum $ 250 trillion by 2027. 60% of corporate banks agree that cross-border real-time payments infrastructure brings a revenue opportunity. 42% Global cross-border e-commerce is to reach USD 3.4

Cross-Border Payments 52

Cross-Border Payments Cross-Border Stablecoins Payments 52

The Fintech Times

JANUARY 8, 2025

The Monetary Authority of Singapore (MAS) has grantedChina-based B2B cross-border trade payment platform, XTransfer , a Major Payment Institution (MPI) licence, enabling it to provide a range of money transfer services in the region. This enables uninterrupted fund circulation throughout the trade process.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Payment Solutions Security 59

The Fintech Times

FEBRUARY 26, 2024

With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market. However, CBDCs will not be the silver bullet to developing and accelerating cross-border payments. “There are some fundamental risks inherent in using CBDCs.

Cross-Border Payments 145

Cross-Border Payments Cross-Border Digital Currency Central Bank 145

Payments Dive

JUNE 20, 2025

Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Dive Brief Tensec raises $12M to boost growth Meanwhile, other cross-border payment firms have raised millions in recent weeks to bolster their international expansion.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Privacy Settlement 88

Fintech Finance

DECEMBER 9, 2024

We are committed to advance inclusive growth through AI-powered innovation and collaboration on cross-border travel, trade, commerce and inclusive finance. Among Ant International’s notable progresses in 2024 so far: Alipay+: Ant Internationals cross-border mobile payment and digitalisation technology solutions.

Embedded Finance 98

Embedded Finance Cross-Border Finance Cross-Border Settlement 98

Fintech News

OCTOBER 17, 2024

The Bank for International Settlements (BIS) has launched Project Aperta , an initiative aimed at improving open finance interoperability, reducing frictions, and cutting costs in global finance. These differing standards hinder cross-border data flow.

Cross-Border 117

Cross-Border Finance Security Interoperability 117

The Payments Association

JUNE 3, 2025

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Das added that improved liquidity due to streamlined settlement processes will reduce the need for intermediary currencies and lower the transaction costs.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

Fintech News

JANUARY 9, 2025

The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system. These advancements will expand the utility of the Digital Rupiah within Indonesias financial ecosystem and potentially in cross-border contexts.

Distributed Ledger Technology (DLT) 127

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 127

Fintech News

SEPTEMBER 10, 2024

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. Public-private collaborations also play a critical role in developing and promoting cross-border payments.

Cross-Border Payments 109

Cross-Border Payments Cross-Border APACS Interoperability 109

Fintech News

DECEMBER 9, 2024

M-DAQ Global, a fintech specialising in cross-border foreign exchange (FX) and payment solutions, has been awarded a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS). This licence allows its subsidiary, M-DAQ Market Solutions, to deal in over-the-counter (OTC) derivatives contracts.

B2C 106

B2C Cross-Border Settlement B2B 106

PYMNTS

AUGUST 7, 2020

Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-border payment volumes have taken a hit. One of the largest points of friction that shoppers grapple with today is the ever-fluctuating exchange rate of foreign currencies they use when purchasing from sellers across borders.

Cross-Border 120

Cross-Border Issuers Cross-Border Payments On-Demand 120

Fintech News

JULY 3, 2024

The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS). How Does Project Nexus Work? trillion by 2025.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Instant Payments Central Bank 117

Fintech Finance

MARCH 24, 2025

(BC Payments Singapore) has received the In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). We are encouraged by the trust placed in us by our potential clients, and we look forward to empowering them with fast and efficient cross-border payments solutions.”

Payments Institute 89

Payments Institute Cross-Border Payments Cross-Border Security 89

Fintech News

APRIL 2, 2025

A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-border payment system. The founding members are the Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore (MAS), and the Bank of Thailand.

Global Payments 96

Global Payments Cross-Border Payments Central Bank Cross-Border 96

Fintech News

DECEMBER 22, 2024

The year saw nearly universal adoption of cashless payments and milestones in cross-border payment linkage initiatives, notably through Project Nexus. Cross border payments and digital advances in Singapore Singapore has made advancements in digital payments and emerging challenges in cross-border interoperability.

FinTech 112

FinTech Cross-Border Payments Cross-Border Money Laundering 112

The Fintech Times

NOVEMBER 6, 2024

” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

Fintech News

MAY 19, 2025

XSGD is a stablecoin regulated by the Monetary Authority of Singapore (MAS) and backed 1:1 by reserves held with DBS Bank and Standard Chartered. Ripple, a contributor to the XRP Ledger, is working with StraitsX to advance enterprise-grade infrastructure for cross-border value transfer.

Stablecoins 83

Stablecoins Cross-Border APACS Interoperability 83

PYMNTS

FEBRUARY 2, 2021

The company said it has launched VisaNet +AI to enhance posting and settlement, and eliminate the guesswork tied to knowing where funds will hit and when. Cross-border transactions, for example, can vary widely from initiation to final settlement, impacted by foreign exchange (FX) rates. Smarter Settlement.

Settlement 111

Settlement AI Process Issuers 111

The Payments Association

JUNE 2, 2025

Founded in the UK in 2017, Paysend has evolved from a cross-border money transfer startup into a leading global fintech company with a clear mission: to simplify money transfer for all by building the worlds largest open, instant digital payments network. This capability will soon be extended to other high-priority markets worldwide.

Cross-Border 88

Cross-Border Payment Networks Cross-Border Payments Innovation 88

Fintech News

OCTOBER 23, 2024

The BIS Innovation Hub (BISIH) Singapore Centre has announced the next phase of Project Nexus , aimed at making instant cross-border payments a reality. Project Nexus aims to extend this efficiency to international transactions, allowing cross-border payments to reach recipients in under 60 seconds.

Central Bank 128

Central Bank ISO 20022 Cross-Border Payments Cross-Border 128

Finextra

JUNE 25, 2025

The initiative represents more than technical compliance — its a comprehensive transformation that will reduce payment costs by 85-90% for euro operations, eliminate cross-border fees in the SEPA zone, and provide Ukrainian businesses with seamless access to over 520 million European consumers. through improved capital flow efficiency.

FinTech 52

FinTech Payment APIs and Integration Cross-Border Cross-Border Payments 52

The Fintech Times

JULY 10, 2025

Australia’s central bank and a government-backed research centre have selected 24 industry participants to trial digital settlement systems for tokenised assets, in a project exploring the future of wholesale finance.

Use Case 59

Use Case Treasury 59

Fintech News

DECEMBER 9, 2024

This proactive approach, driven by the Monetary Authority of Singapore (MAS), seeks to enhance the nation’s financial infrastructure. The Global Layer One Initiative But Singapore’s ambitions extend beyond its borders.

Cryptocurrency 117

Cryptocurrency Cross-Border Consumer Protection Facilitators 117

PYMNTS

NOVEMBER 9, 2016

We don’t talk about sending emails cross-border, even though that is what we are all doing when we send emails to our pals in India or Turkey or the U.K. But when it comes to the movement of money, both senders and receivers are often met with complexities and costs that only increase as those payments move across borders.

Cross-Border 75

Cross-Border Cross-Border Payments Interoperability Multi-Currency 75

Fintech News

OCTOBER 7, 2024

This listing increases the accessibility of XSGD for international transactions, potentially leading to faster settlement times and lower costs for users. In July this year, StraitsX secured two licenses from the Monetary Authority of Singapore to issue stablecoins and facilitate crypto payments.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Stablecoins APACS 117

The Fintech Times

JULY 1, 2024

The Bank for International Settlements (BIS) has completed a comprehensive blueprint for the third phase of Project Nexus, enabling ready participants to work towards the next stage of seamlessly connecting their instant payment systems (IPSs). However, cross-border payments have failed to keep up and a number of pain points remain.

Cross-Border Payments 78

Cross-Border Payments Cross-Border Central Bank Instant Payments 78

Clearly Payments

FEBRUARY 10, 2025

The Issuing Bank The customers bank, called the issuing bank , which authorizes or declines transactions. Settlement Delays International payments can take 2-5 days to process due to multiple banking systems involved. The Payment Processor The company that facilitates transactions.

Small Business 66

Small Business Process Address Verification System (AVS) Cross-Border 66

Finextra

JUNE 11, 2025

This laid the foundation for a centralized monetary authority and future oversight of payment systems. Clearing houses, often managed by the RBI or lead banks, facilitated the physical exchange and settlement of cheques. Manual Clearing Houses: Cheques remained the dominant non-cash payment instrument.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

Fintech Finance

JULY 3, 2025

This expansion is core to Worldpay’s strategy for enabling global merchants to serve local consumers with preferred payment types, accelerating commerce through improved authorization rates, robust fraud protection, and efficient settlements.

Alternative Payment Methods 52

Alternative Payment Methods Multi-Currency Acquirers Cross-Border 52

Fintech News

NOVEMBER 5, 2024

Project Nexus is designed to enhance cross-border payment efficiency by linking various domestic instant payment systems on a global scale. The project is a collaboration between the Bank for International Settlements (BIS) Innovation Hub and central banks from India, Malaysia, the Philippines, Singapore, and Thailand.

ISO 20022 109

ISO 20022 Central Bank Cross-Border Payments Settlement 109

Finextra

JULY 2, 2025

Tokenized Sustainability Credits: Corporates can settle parts of cross-border payments with on-chain carbon tokens or biodiversity credits, automating offset procurement during reconciliation. Banks can innovate new products such as green overdrafts, ESG-linked payables financing, and carbon-aware settlement rails.

Transactions 59

Transactions ISO 20022 Payment APIs and Integration Payments 59

Fintech Finance

AUGUST 12, 2024

Nium , the global leader in real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. Nium has been present in the region dating back to 2017.

Real Time Payments 98

Real Time Payments Cross-Border Payments Cross-Border Central Bank 98

The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region. We also welcome partners to explore more use cases in the real economy with us.”

Interbank Settlement 134

Interbank Settlement CBDC Settlement Use Case 134

Stax

MARCH 18, 2025

It authorizes or declines payments based on available funds and fraud checks. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor. Speed of transactions and fund settlement Payment settlement speed impacts your business cash flow.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88