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Thunes and Commercial Bank Kyrgyzstan | MBANK Forge Strategic Alliance to Transform Cross-Border Payments in the Silk-Road Region

Fintech Finance

The collaboration empowers local licensed institutions and merchants to conduct a wide range of transactions, including B2B, P2P, B2C, and C2B payments. These services will support diverse cross-border use cases, including foreign education payments, e-commerce transactions, and local acceptance of gig economy payments.

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Citi On Simplifying Cross-Border Payments

PYMNTS

In the always-on, 24/7/365 economy, payments that circle the globe should conceivably be as simple as those made in a peer-to-peer (P2P) transaction. Well, cross-border payments are fraught with friction, especially when it comes to business-to-business, or B2B. The Challenges of Cross-Border . The reality?

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Wielding Africa’s Mobile Penetration To Ease X-Border B2B Payments

PYMNTS

Dare Okoudjou, the company’s CEO, recently told PYMNTS why small- and medium-sized businesses are particularly ripe to embrace mobile payments not only to accept funds from consumers but to send and receive payments between each other — even across border. Friction At The Border.

B2B
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FPC 2023 Spring Member Meeting

Faster Payments Council

Experiences in other countries will also be discussed, but the focus will be on how real-time payments were pushed (by monetary authorities and participants) into the payments mainstream (e.g., C2B) to better capture the benefits of digital and mobile transacting, and how it's beginning to happen in the U.S.,

FPC
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TRENDING: Inside Hong Kong’s New Faster Payment System

PYMNTS

The financial messaging service announced in late October that its near-instant, cross-border payments proof of concept performed successfully in tests. These payments were typically only processed during work hours, could take days to clear and came with a price tag of up to HK $200 ($25.50 USD) per transaction.

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African FinTech Payment Startup Chipper Cash Woos Investors, Including Joe Montana

PYMNTS

The company is also launching a merchant-facing C2B mobile payments app called Chipper Checkout, which will be a paid app. One of the key features of Chipper Cash is how it handles cross-border payments. The company has offices in Ghana and Nairobi, and it’s based in San Francisco. That model is tried and tested.

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Visa Logs 700M Visa Direct Transactions, Contactless Payments Surge

PYMNTS

Beyond C2B, the company continues to grow its B2B business, said Kelly, with new business in Singapore and Hong Kong for virtual cards. Visa Direct, said Kelly, has served B2B and small business transactions with over 700 million transactions in the fiscal first quarter of 2020.