Fintech Finance

MARCH 6, 2025

KCB and Bank of Kigali customers will now be able to send and receive cross-border payments using PAPSS. The service is fully operational and accessible via the banks mobile applications and branch networks, enabling seamless transactions across African borders. This service is fast, affordable, and reliable.

Cross-Border Payments

Fintech News

APRIL 21, 2025

Thunes said the service, powered by its API, enables faster cross-border payments, offers greater transparency in transaction costs and details, and reduces the complexity of using legacy systems.

Business Payments

The Fintech Times

MARCH 7, 2025

KCB and Bank of Kigali customers can now send and receive cross-border payments using PAPSS. The service is fully operational and accessible via the banks mobile applications and branch networks, enabling seamless transactions across African borders. The system converts the currency to meet the local requirements.

Settlement

Fintech Finance

JUNE 5, 2025

Payall Payment Systems , the world’s first provider of end-to-end infrastructure that enables financial institutions to offer institutional-grade, safe, fast, low-cost, transparent and inclusive cross-border payments for B2X, P2X and G2X use-cases, has selected Ventura Capital to lead their Growth Round raise.

Cross-Border Payments

Fintech Finance

DECEMBER 17, 2024

This move will enable Tietoevry Bankings client financial institutions to offer corporate customers Visa B2B Connect payments, delivering faster, more cost-effective and transparent payment options when transacting across borders.

Cross-Border

Fintech Finance

NOVEMBER 4, 2024

Wise has spent the last 14 years building an alternative to traditional correspondent banking. The post Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account With BSP appeared first on FF News | Fintech Finance.

Instant Payments

The Fintech Times

APRIL 30, 2025

Onafriq , the African payments gateway, is joining forces with Circle , a stablecoin-focused company and USDC issuer, to transform cross-border payments and digital financial services across Africa. This results in $5billion in transaction fees annually, undermining economic integration efforts.

Cross-Border Payments

Payments Dive

JULY 25, 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 Q&A How to build a B2B payments behemoth No single company dominates U.S. commercial payments, as with card networks or merchant acquirers.

B2B

The Fintech Times

JULY 18, 2025

Pan-European commercial bank UniCredit has joined forces with global cross-border payments company Wise to launch a new international payment service for Italian retail customers. The post UniCredit Teams up With Wise to Integrate Foreign-Currency Payments Into Mobile Banking App appeared first on The Fintech Times.

Mobile Banking

The Fintech Times

JULY 29, 2025

The launch comes as stablecoins emerge as key tools in global finance, offering real-time settlement, reduced costs, and increased accessibility for cross-border payments, especially in hard-to-reach markets that still face challenges with correspondent bank networks and financial inclusion.

Stablecoins

Finextra

JUNE 30, 2025

This can concern payments, conditional payments (a DLT based version of a letter of credit) and the post-trade settlement of securities and derivates (including margin calls). This stands to address administrative pain points by reducing the risk, time and effort of issuing and settling Letters of Credit and Bank Guarantees.

Digital Currency

Fintech Weekly

JULY 29, 2025

Traditional payment rails rely on batch processing, time-bound cutoffs, and a web of correspondent banks to move funds across borders. They also significantly reduce costs and operational friction associated with moving money across borders. Stablecoin adoption has moved from consumer wallets to enterprise use cases.

Stablecoins

Fintech Finance

OCTOBER 21, 2024

Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments. Fully compatible with existing correspondent banking arrangements between respondents and correspondents.

Cross-Border Payments

Fintech News

JUNE 4, 2024

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).

Cross-Border Payments

Fintech Finance

JUNE 5, 2024

Today, Ripple , the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction , the global leader in cross-border payments solutions for regulated institutions. The post Ripple Partners With Clear Junction to Enhance UK and EU Cross-Border Payments appeared first on Fintech Finance.

Cross-Border Payments

PYMNTS

APRIL 3, 2019

It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. These shortcomings make the cross-border payment industry ripe for disruption and innovation.

Cross-Border Payments

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

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. “Traditional cross-border payment systems do not meet the demands of modern businesses.

Cross-Border Payments

Fintech News

JULY 14, 2024

Traditional cross-border payments encounter various challenges, including delays, high costs, lack of transparency, multiple intermediaries, variable processing speeds, and differing compliance standards across correspondent banks. We see a very bright future for blockchain-based frictionless, cross-border transactions.

Cross-Border

The Fintech Times

FEBRUARY 21, 2024

Having reflected on what the top priority is for businesses looking to enter the cross-border payments space, we now turn our attention to the future, and how the sector will evolve in 2024. “In 2024, cross-border payments volumes will continue to grow rapidly. The advantage is lower fees and 24×7 availability.

Cross-Border Payments

PYMNTS

APRIL 1, 2019

The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. Ripple has xRapid, its cross-border payments solution. These shortcomings make the cross-border payment industry ripe for disruption and innovation.

Cross-Border

Fintech News

AUGUST 12, 2024

BS2 also serves as Nium’s Brazilian Real (BRL) Correspondent Bank, assisting in real-time payment settlements for cross-border Pix transfers. In collaboration with Ebury, another fintech company, Nium has launched a global remittance service in Brazil, facilitating fast and reliable cross-border payments for businesses.

Cross-Border

The Fintech Times

FEBRUARY 28, 2024

Having explored the evolution of cross-border payments to date, we now turn our attention to the biggest barriers that may be limiting and slowing the growth of the space. Aleks Stefanovski, VP for strategy and business operations at Visa “Another barrier is de-risking by correspondent banks.

Cross-Border Payments

The Fintech Times

OCTOBER 21, 2024

Payments giant Mastercard has launched a new cross-border payments solution in a move to simplify operations, optimise liquidity, reduce counterparty risk and provide end-to-end visibility for banks and their customers.

Cross-Border

Finovate

JANUARY 31, 2025

Cross-border stablecoin payments company Cedar Money announced this week that it has raised $9.9 Because it leverages stablecoins, the company does not rely on outdated SWIFT and correspondent banking rails and is able to deliver faster, more reliable, and cost-effective cross-border payments between developed and emerging markets.

Cross-Border

Fintech Finance

OCTOBER 15, 2024

RTGS.global , the next generation settlement company revolutionising cross-border payments, has today announced the launch of a unique solution for Payment Service Providers (PSPs) that will enable them to offer cheaper and faster international payments to their retail and corporate customers.

Cross-Border

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

PYMNTS

JUNE 10, 2020

Slow payment times, excessive fees and regulatory requirements that complicate sending and receiving processes are just some of the struggles that individuals must deal with every time they attempt to make payments across borders, and any delayed or lost payments could devastate recipients who need them to survive.

Correspondent Bank

Fintech Finance

JUNE 26, 2024

Christophe Vastesaeger, Senior Solutions Architect, SmartStream, states: “With volumes rising and with over 70% of cross-border payment exceptions taking more than five days to resolve, it was essential for SmartStream to deploy a robust solution for its customers to solve some of the biggest hurdles for financial firms.

Cross-Border Payments

PYMNTS

OCTOBER 6, 2016

All of this has occurred as the company has continued to expand the pilot phase of its global payments innovation (gpi) initiative, thus far signing on dozens of major financial institutions to an effort aimed at streamlining cross-border payments. Among its criticisms was a lack of speed.

SWIFT

The Fintech Times

AUGUST 13, 2024

Nium , the global real-time cross-border payments provider, is looking to strengthen its presence in Latin America by applying for new payment licenses, joining fintech associations, growing its team, and signing new customers.

Cross-Border Payments

Fintech Finance

JANUARY 2, 2024

StoneX has announced that it is one of the first financial organizations to enable Swift ’s new leading-edge solution for cross-border payments. Cross-border payments have long been a complex area marked by ongoing regulatory and compliance changes, bank offline hours, and increasing competition.

Cross-Border Payments

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Beyond Payments Initiation. “But payments is just one side of the equation,” noted Conibear.

Multi-Currency

Fintech Finance

APRIL 17, 2024

The Payments division of StoneX ( StoneX Payments ) will supply NatWest with third-party delivery and international FX payment systems, allowing the bank’s corporate clients to transfer money to more nations with ease. The post StoneX Partners with NatWest to Enhance Global FX Payment Systems appeared first on Fintech Finance.

Cross-Border

The Payments Association

MAY 16, 2025

Regulatory developments previously confined to financial institutions and payment service providers are now extending to the systems, practices, and commercial relationships of merchantsparticularly where digital payments, cross-border transactions, and customer data are concerned. to 1.15% for debit and from 0.3% for credit.

Regulations

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 News

JULY 4, 2024

In payments, AI-powered systems can enhance fraud detection and streamline cross-border transactions, potentially revitalising correspondent banking relationships that have dwindled due to regulatory pressures.

Central Bank