Finextra

JUNE 28, 2025

From humble startup origins in 2011, Wise now moves over £145 billion internationally each year for 15+ million customers – at a fraction of the cost charged by banks. Over £22 trillion crosses borders each year, projected to reach £28 trillion by 2027 as globalization drives more migration, remote work, and global commerce.

Cross-Border

PYMNTS

OCTOBER 15, 2020

Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. Developments From Around The World of Payments Modernization. billion by the end of this year.

Correspondent Bank

Fintech Finance

JANUARY 11, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

Cross-Border Payments

PYMNTS

AUGUST 16, 2019

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable.

Cross-Border Payments

PYMNTS

JULY 31, 2019

So, why do cross-border payments present so many challenges? Despite rapid market growth, international payments have been hampered by country-specific regulations, while transactions being channeled through intermediary banks can take days to complete and often come with fees. Currently, there are 0.7

Cross-Border Payments

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made. So, what’s the problem? What’s Changing?

Cross-Border Payments

Fintech Finance

MAY 29, 2025

Conduit , a leading cross-border payments platform powered by stablecoins, announced today it closed a $36 million Series A funding round. Broad Geographic Coverage: Conduit natively supports a diverse range of currencies and payment methods, including highly inflationary local currencies in Latin America, Africa, and Asia. .

Cross-Border Payments

PYMNTS

JUNE 13, 2019

Visa and Mastercard each made headlines in the payments infrastructure and cross-border realms, eyeing digital payments and B2B payments. As reported earlier in the week, Visa launched B2B Connect , a network focused on enabling financial institutions (FIs) to help their clients make B2B payments across borders.

B2B

PYMNTS

OCTOBER 9, 2019

Real-time currency exchange and remittance network Ripple has teamed up with Finastra to allow banking customers to access RippleNet , its worldwide blockchain payments network. Ripple said it will provide for more affordable, faster and more reliable payments.

Blockchain

PYMNTS

OCTOBER 9, 2019

Real-time currency exchange and remittance network Ripple has teamed up with Finastra to allow banking customers to access RippleNet , its worldwide blockchain payments network. Ripple said it will provide for more affordable, faster and more reliable payments.

Blockchain

PYMNTS

DECEMBER 15, 2020

In this regard, payment networks, payment rails and financial institution (FI) infrastructures can all collaborate together to adapt to emerging use cases, including the need to move data along with money. Bank Of America Wields SWIFT gpi. Scotiabank Launches Real-Time Payments For Businesses.

Innovation

PYMNTS

JUNE 8, 2020

Cross-border payments are expected to hit $39 trillion by 2022, with $572 million worth of payments consisting of remittances sent from migrant workers to their families abroad. Developments From Around The World of Smarter Payments. Deep Dive: How Correspondent Banking Makes Remittances Sluggish And Expensive.

Cross-Border Payments

PYMNTS

AUGUST 1, 2019

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”.

Interoperability

PYMNTS

OCTOBER 22, 2019

Money constantly flows across borders in the increasingly interconnected global economy, from workers overseas back to their families, and from buyers to their suppliers. Any complications cause major headaches, and international payments are often more involved and costly than those made domestically. International B2B Payments Pains.

Cross-Border Payments

PYMNTS

OCTOBER 28, 2019

Cross-border payments firm Western Union has rolled out full application programming interface (API) access to domestic and global payment applications, the company said in a press release on Monday (Oct. Domestic and cross-border payments are supported in over 130 currencies.

International Payments

The Fintech Times

NOVEMBER 5, 2024

Wise , the fintech focused on money transfer, has been granted direct access to the Philippines’ real-time payment system, InstaPay, enabling it to enhance the cross-border payment experience for around 13 million of its customers.

Real Time Payments

Fintech Finance

JUNE 6, 2024

Nium , the global leader in real-time cross-border payments, today announced a partnership with BS2 , a digital bank in Brazil specializing in fintech solutions for businesses.

Settlement

CB Insights

JANUARY 28, 2020

B2B cross-border payments company Ripple offers an alternative to transferring money via the correspondent banking system, which has long faced criticism for being slow, opaque, and costly.

Cross-Border Payments

CB Insights

JANUARY 22, 2020

Enterprise payments network Ripple raised the highest amount of funding in the quarter — a $200M Series C round from SBI Group, Tetragon Financial Group, and Route 66 Ventures, which valued the company at $10B. Largest funding rounds point to enterprise applications Focus.

Blockchain

PYMNTS

OCTOBER 24, 2016

But late last week, Visa announced that it will be rolling out Visa B2B Connect, a platform for banks to make payments and settle funds across borders using Chain Core, the blockchain infrastructure developed by Chain. Blockchain also negates the need for a hierarchy in the payment system, both among banks and among corporates.

Blockchain

PYMNTS

DECEMBER 18, 2019

Innovation in the payments arena has provided more rails upon which to move money. In B2B payments, though, legacy tools continue to lead. Local and global ACH transfers are used by 29 percent (the same portion of businesses that write checks to make international payments), while 17 percent use prepaid debit cards.

B2B

PYMNTS

DECEMBER 17, 2019

M10 facilitates real-time, intra-bank transfers and cross-border remittances, as well as Internet of Things (IoT) and B2B payments, “with no counterparty risk and at a lower cost than existing rails.”. Open Banking. It also gained control of Earthport , having bought the U.K.-based It’s moving slowly.”.

Central Bank

PYMNTS

DECEMBER 30, 2019

But the B2B payments arena also jumped at the opportunity to explore beyond the card rails, developing new networks and technologies to tackle the biggest pain points of B2B payments, including cross-border transacting and the need to accelerate payment speeds. Beyond Legacy Payment Rails.

Innovation

Evolve Payment

SEPTEMBER 29, 2023

More Instant Peer-to-Peer (P2P) Payments Waiting days for payments to clear will become a thing of the past in 2024. Instant payments will become the norm, enabled by technologies like real-time payment networks and blockchain.

Industry Trends

PYMNTS

DECEMBER 23, 2019

It was in a convergence of these trends that Visa launched its real-time payments solution, Visa Direct , a technology enabling push payments onto recipients’ Visa cards. Deploying Visa’s existing user network means the capability for clients to accept payments is already built into the solution.

Use Case

Segpay

JUNE 13, 2024

Source: pymnts.com Its speed, competitive pricing, and integrated fraud management features are bound to attract a wide network of participating FIs. FedNow Key features include: Real-time Payments: Enables funds to be transferred instantly, 24/7/365.

FedNow

PYMNTS

AUGUST 2, 2018

But in the world of contextual banking , we’re likely a lot closer than we’ve been, even in a world where corporate payments still cross borders and move from bank to bank through what is largely a black box process. No muss, no fuss, no paper chase. We’re a long ways off. Many Paths, One Destination.

B2B

Fintech News

FEBRUARY 17, 2025

trillion in cross-border payments, the APAC region is poised to benefit significantly from the surge in cross-border money movement. Real-time payments have allowed consumers and businesses to experience how beneficial, fast, and easy payments can be, changing their expectations of cross border money movement.

Cross-Border

Fintech Review

MARCH 5, 2025

Cross-border payments remain one of the most outdated areas of financial services. While fintech has transformed many aspects of banking, international money transfers still rely on slow, expensive, and inefficient systems. Banks process these payments through multiple intermediaries, increasing costs and delays.

Cross-Border Payments

Fintech News

JANUARY 22, 2025

B2B payments service provider Bottomlines Competitive Banking Survey and Report 2024 highlights that 26.8% While domestic payment innovation is advancing, the region faces persistent challenges in addressing cross-border complexities and meeting evolving customer expectationsissues shared by global counterparts as well.

Real Time Payments