Fintech News

APRIL 21, 2025

Global payments company Thunes has introduced ‘Thunes Business Payments’ , a new service aimed at helping enterprises, merchants, banks, and mobile wallet providers streamline international business transactions. The launch is targeted at members of Thunes’ Direct Global Network.

Business Payments 95

Business Payments Cross-Border Wire Transfer Payment APIs and Integration 95

PYMNTS

APRIL 15, 2020

For foreign payment service providers looking to facilitate cross-border B2B payments into China, the correspondent banking model often remains the only route to facilitate clearing and settlement. “Getting correspondent bank accounts is the biggest challenge every payment service provider is facing.

Correspondent Bank 76

Correspondent Bank Correspondent Cross-Border B2B 76

Finextra

JULY 8, 2025

Notably, foreign banks can become direct participants, opening dedicated accounts and obtaining unique CIPS codes. However, these institutions must partner with domestic custodian banks to maintain settlement accounts, ensuring regulatory oversight and liquidity management. How Does CIPS Operate?

Global Payments 52

Global Payments Real Time Gross Settlement (RTGS) Cross-Border Cross-Border Settlement 52

Fintech Finance

MARCH 24, 2025

By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time international payments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.

Cross-Border 64

Cross-Border Cross-Border Payments B2B Settlement 64

Finovate

OCTOBER 21, 2024

The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. Move Commercial Payments offers features like liquidity management, integration with existing SWIFT systems, and helps to reduce counterparty risk.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa FedNow 59

PYMNTS

JULY 26, 2019

Increasingly, the financial services industry is targeting sluggishness in corporates’ cross-border payments, too, through technologies like blockchain and the development of faster payment rails around the globe. Some solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely.

Cross-Border Payments 64

Cross-Border Payments Cross-Border Innovation Correspondent Bank 64

Fintech Finance

APRIL 22, 2025

The solution’s value also lies in the Thunes’ SmartX Treasury System that enhances FX and transaction transparency as well as liquidity management by offering real-time visibility into fund locations and the exact amount to be delivered to the recipient.

Business Payments 59

Business Payments Payment Solutions Cross-Border Cross-Border Payments 59