Remove Correspondent Bank Remove Distributed Ledger Technology (DLT) Remove P2P
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Why Cross-Border Payments Still Present Challenges

PYMNTS

Some payments providers are also leveraging blockchain and distributed ledger technology (DLT) to meet these needs, expediting the cross-border payment process. Remittance and peer-to-peer (P2P) payment technologies have accelerated transaction speeds for consumers tired of waiting days for money to move across borders.

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Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

This month’s Deep Dive explores the frictions currently afflicting the B2B cross-border payments and P2P remittances spaces, as well as the solutions being developed to accelerate transactions and reduce pain points. Global financial companies like Circle provide zero-fee remittances via DLT, and Ripple began piloting xRapid for U.S.