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BAT-VC , a leading venture capital firm specializing in fintech and cross-border innovations, has announced a strategic growth investment in Payall Payment Systems. It comes as U.S./India India remittances and trade continue to grow. I’m thrilled and grateful to have Aditya, Ravi and Manish as resources actively helping us grow.”
Bitso Business the B2B arm of Bitso that provides the infrastructure for the future of cross-borderpayments releases its 2024 results. billion registered in 2022, consolidating an accelerated cross-border remittances growth. For these transactions, in 2024 3 Bitso Business registered a volume of more than $6.5
As the global demand for faster, more affordable, and increasingly transparent cross-borderpayments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. What is Project Nexus, and how does it address today’s cross-borderpayment challenges?
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-borderpayments for B2X, P2X and G2X use-cases, has selected Ventura Capital to lead their Growth Round raise.
In a move to make cross-border transfers more accessible and seamless for customers, HSBC Singapore has been working alongside money movement solutions provider, Dandelion. This enhancement tripled HSBC’s cross-borderpayment capabilities, adding 50 new destinations and 40 new currencies.
Market Size Value of cross-borderpayments is estimated to reach a minimum $ 250 trillion by 2027. Global non-cash commercial payments will grow at a CAGR of 11.3% 60% of corporate banks agree that cross-border real-time payments infrastructure brings a revenue opportunity.
Community Your feed Latest expert opinions Groups Join the Community 23,479 Expert opinions 41,848 Total members 350 New members (last 30 days) 190 New opinions (last 30 days) 29,133 Total comments Join Sign in Stablecoin – CrossBorderPayment Driver?! To cover modern payments needs this has not helped.
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-borderpayment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-borderpayments.
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. UBS Digital Cash looks to facilitate timely payment processing to combat this.
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.
KCB and Bank of Kigali customers will now be able to send and receive cross-borderpayments 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.
Langbridge joined from Currencycloud where she played a key role in transforming the company from a UK-centric startup into a global cross-borderpayments company. In Europe, Wise Platform has added and grown partnerships as demand for its Correspondent Services solution continued to accelerate.
(StoneX; NASDAQ: SNEX) and Bamboo Payment Systems (Bamboo) announce that StoneX Payments, a division of StoneX, and Bamboo have entered into a strategic partnership to expand cross-borderpayment offerings and coverage for global merchants. The partnership includes an undisclosed investment by StoneX.
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-borderpayments for B2X, P2X and G2X use-cases, has selected Ventura Capital to lead their Growth Round raise.
Clear Junction , a global leader in cross-borderpayments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times’ prestigious ranking of Europe’s fastest-growing companies.
Businesses can also process US dollar wire transfers to more than 170 countries and make payments in over 30 currencies, including USD, EUR, and CNY. Businesses can pay suppliers in their local currencies, helping to lower exchange rate and reconciliation costs, with clear references for each payment.
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.
KCB and Bank of Kigali customers can now send and receive cross-borderpayments using PAPSS. The service is fully operational and accessible via the banks mobile applications and branch networks, enabling seamless transactions across African borders.
Clear Junction , a global leader in cross-borderpayments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times’ prestigious ranking of Europe’s fastest-growing companies.
Onafriq , the African payments gateway, is joining forces with Circle , a stablecoin-focused company and USDC issuer, to transform cross-borderpayments and digital financial services across Africa. This results in $5billion in transaction fees annually, undermining economic integration efforts.
Wise has spent the last 14 years building an alternative to traditional correspondent banking. With over 65 licenses globally and now six direct connections to domestic payment systems, this infrastructure enables over 63% of all Wise transactions to be completed instantly (under 20 seconds), with an average fee of 0.62%.
Clear Junction , a global leader in cross-borderpayments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times prestigious ranking of Europes fastest-growing companies.
Pan-European commercial bank UniCredit has joined forces with global cross-borderpayments company Wise to launch a new international payment service for Italian retail customers. Through its new service, UniCredit is enabling fast and simple international transfers from euros into several foreign currencies.
Ken Villum Klausen, Founder and CEO at Lunar, said: “We’re happy to extend our collaboration with Wise by integrating their market-leading international payment infrastructure to facilitate faster and more transparent cross-borderpayments. This is especially true when it comes to moving money across borders.
Bottomline says about one million companies use its platforms to make $16 trillion in annual payments, with customers including 90% of the Fortune 100 businesses. It also contends it’s the world’s third-largest Swift service bureau owing to a large cross-borderpayments business in Europe.
China’s Cross-border Interbank Payment System (CIPS) is rapidly emerging as a central artery in the internationalization of the Renminbi (RMB), offering a robust infrastructure for cross-border settlements and reshaping how global institutions engage with China’s markets. What Is CIPS and Why Does It Matter?
It’s a rare fintech that’s both fast-growing and profitable , pursuing a bold mission encapsulated in its slogan: “Money without borders – instant, convenient, transparent and eventually free.” Historically, this market was dominated by big banks and legacy remittance providers relying on an antiquated correspondent banking network.
When students or agents make payments through the TransferMate network, each transaction is automatically matched to the corresponding student or agent account. A central feature of the integration is automated reconciliation. This is intended to reduce the need for manual reconciliation and minimise the potential for errors.
This milestone enhances LHV’s cross-borderpayment offering and makes real-time euro payments possible through SEPA Instant. LHV becomes first UK bank to join RT1 platform directly LHV Bank SEPA Instant participation begins as it becomes the first UK bank to join the RT1 platform directly.
Swift (Society for Worldwide Interbank Financial Telecommunications) is the global messaging system used by the correspondent banking network and financial institutions to manage cross-border transactions. What is Swift?
A typical use case is the clearing and settlement of international payments. By removing the need for correspondent banks and facilitating direct transfers, digital currencies can improve transfer times and enhance the efficiency of cross-borderpayments. Trade finance is another area.
This burgeoning sector, characterised by its complexity and diversity, demands payment solutions that are efficient and adaptable to the nuanced dynamics of cross-border trade. Amidst the APAC region’s rapid economic ascent and the explosion of digital commerce, cross-borderpayment practices have noticed an evolution.
Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-borderpayments. Fully compatible with existing correspondent banking arrangements between respondents and correspondents.
The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-borderpayments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).
More money crossingborders digitally. Fewer correspondent banks to move that money. What might replace a clunky system in a world where payments are becoming ever more global? And the hallmark of that money movement — a lack of transparency and speed. A Reduction In The Number Of Corridors .
Cross-borderpayments 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.
Today, Ripple , the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction , the global leader in cross-borderpayments solutions for regulated institutions. The post Ripple Partners With Clear Junction to Enhance UK and EU Cross-BorderPayments appeared first on Fintech Finance.
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-BorderPayments in a Faster Payments World.
It may seem that cross-borderpayments 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-borderpayment industry ripe for disruption and innovation.
These challenges are only exacerbated when payments move across international borders, usually accomplished via correspondence banking. Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-borderpayments.
Consumers send funds by tapping or swiping payment cards, clicking a few buttons on banking websites or payment apps, or keying details into online checkout pages, which payees receive via bank accounts or digital wallets. Kicking Free Of Correspondent Banking. The money never actually crossesborders,” Lembo explained.
Cross-borderpayments 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-borderpayment systems faster, more seamless and interoperable.
According to the new Simplifying Cross-BorderPayments Playbook , there are five key criteria that an ideal cross-borderpayment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-BorderPayments Are Made. So, what’s the problem? What’s Changing?
So, why do cross-borderpayments 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
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