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Partior Closes Series B at US$80 Million with Deutsche Bank Investment

Fintech News

The bank plans to act as a Euro and US dollar settlement bank on Partior’s platform, aligning with its dbX initiative—a correspondent banking ecosystem launched to optimize financial institution client services. Established in 2021 and backed by DBS Bank, J.P.

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Bank of Kigali and KCB Group Join Pan-African Payment and Settlement System

The Fintech Times

Kenyan bank KCB Group and the Rwanda-based Bank of Kigali have joined the Pan-African Payment and Settlement System (PAPSS), which was launched by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat.

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Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account With BSP

Fintech Finance

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.

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RT2: A strategic transformation for UK payment providers

The Payments Association

RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important?

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Bitso Business Surpasses $12 Billion in Transactions in 2024 and Unveils Study Revealing Stablecoins as the Leading Alternative for Cross-Border Payments

Fintech Finance

Despite this immense potential, cross-border payments in LAC remain hampered by inefficiencies in the traditional SWIFT-based correspondent banking system, marked by multiple intermediaries, settlement delays, and fees exceeding 6% for remittances for some corridors. trillion by 2030.

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UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions

The Fintech Times

Cross-border payments often lead to delayed settlements, creating a fragmented view of liquidity positions for companies. ” Eyes on tokenised asset settlement For payment processes, UBS Digital Cash uses a private blockchain network to which only the permissioned clients have access.

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RTGS.global and TransferMate Announce Strategic Partnership to Streamline Cross-Border B2B Payments

Fintech Finance

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.