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Airtel Payments Bank is committed to empowering India with accessible and inclusive banking. The Bank announced that it now works with over 100,000, women business correspondents, reinforcing its commitment to financial inclusion and economic empowerment. Over 80% of these correspondents work in Tier 3 and beyond towns.
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. About Payall.
Inside the FinextraTV studio at EBAday 2025 in Paris, Jean-François Mazure, Global Head of Cash Clearing Services, Societe Generale emphasised the critical importance of keeping correspondent banking alive amongst the modern innovation of alternative solutions.
Fewer correspondent banks to move that money. What might replace a clunky system in a world where payments are becoming ever more global? For instance, the number of active correspondent banks fell about 23 percent in advanced economies, but as much as 41 percent in developing nations. More money crossing borders digitally.
As financial crime evolves, correspondent banks must prioritise wire transfer transparency to meet global regulations and safeguard the financial system. Correspondent banking is vital in facilitating global trade, enabling cross-border remittances, and connecting emerging markets to the international financial system.
Computop , the leading German payment service provider, known for connecting large retail companies to international payment methods, is entering a new business area with payment processing for acquirers. EPI (European Payment Initiative), the operator of Wero, relies on acquiring banks for the acceptance of Wero payments.
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.
Cross-border payments 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. Developments From Around The World of Payments Modernization.
Tietoevry Banking today announced the integration of Visa B2B Connect, a Visa Direct offering, into its Tietoevry Payment Hub. For decades, cross-border payments between businesses have been fraught with obstacles and many of these problems have been getting worse.
Wise, the global technology company building the best way to move and manage the world’s money has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus.
Deutsche Bank’s additional investment reinforces Partior’s plans to scale its operations globally and enhance cross-border capabilities as well as develop functions like Intraday FX swaps and Just-in-Time multi-bank payments. Established in 2021 and backed by DBS Bank, J.P. Established in 2021 and backed by DBS Bank, J.P.
Bitso Business the B2B arm of Bitso that provides the infrastructure for the future of cross-border payments releases its 2024 results. The global cross-border payments market, currently valued at $44 trillion, is projected to reach $65 trillion by 2030. Digital remittances in LAC are also expanding rapidly at 23% annually.
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.
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?
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.
As the global demand for faster, more affordable, and increasingly transparent cross-border payments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. Eli Shoshani Eli Shoshani is Head of APAC at Bottomline , a leader in global business payments with extensive expertise in the region.
2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection driving innovation and security. In 2024, payments regulation underwent seismic shifts, with reforms spanning fraud prevention, digital innovation, and consumer protection, collectively redefining the industry’s future.
Clear Junction , a global leader in cross-border payments 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.
Exploring innovative solutions to address the challenges and opportunities in global financial connectivity as traditional correspondent banking relationships diminish. Read more
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-border payment offerings and coverage for global merchants. StoneX Group Inc. The partnership includes an undisclosed investment by StoneX.
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.
Wise Platform , Wises global payments infrastructure for banks, financial institutions and larger enterprises, today announced the appointment of Lauren Langbridge as Commercial Director for North America, and Manuel Sandhofer as its new General Manager for Europe, Middle East and Brazil.
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.
If youre like many people, its been a while since you last made a payment exclusively with cash. said theyve used electronic payment methods to make a transaction in the past three months. Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm.
Unifying global fiat and stablecoin payments, stablecoin payments infrastructure provider BVNK has announced a new embedded wallet. They have existed in today’s market for some time but have had limited capabilities to manage stablecoin, crypto and fiat payments in one place. Embedded wallets are not a novelty.
KCB and Bank of Kigali customers will now be able to send and receive cross-border payments using PAPSS. With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies. This service is fast, affordable, and reliable.
Following its collaboration with Dandelion, HSBC now offers fee-free transfers to over 100 destinations in more than 60 currencies, providing a seamless, real-time payment experience that bypasses the traditional correspondent banking model. Reliance on multiple intermediaries often led to high costs and longer processing times.
Member states’ representatives have approved proposals from the Council of the European Union to improve the payment services environment in the EU to reduce payment fraud, promote technological innovation, better protect consumers, and increase transparency on fees. These new rules will deliver on both fronts.”
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.
Payment platforms , facing intense competition, have used these tools to maintain robust security while delivering the fast, frictionless experiences that customers demand. Toward a Smarter, Safer Future The evolution of fraud tactics demands a corresponding evolution in defense.
Dennis Jones, senior marketing manager at Jack Henry, positioned payments-as-a-service, banking-as-a-service, and fintech partnerships as cost-effective ways to drive efficiencies and reduce fraud rates without replacing existing infrastructures. Affidavit PDF documents are created in a fully automated way.
Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. ISO 20022 was introduced in 2004 and has since been part of a long and complex journey to improve international payment messaging. And unfortunately, more work is ahead for everyone.
The legislation would limit the issuance of payment stablecoins in the United States to “permitted payment stablecoin issuers” (“PPSIs”) and qualifying foreign issuers. Market Size Value of cross-border payments is estimated to reach a minimum $ 250 trillion by 2027. Global non-cash commercial payments will grow at a CAGR of 11.3%
Some banks have chosen to develop their own in-house payment processing systems, delivering end-to-end services directly to their customers. In this article, we’ll explore how Canada’s major banks approach payment processing, highlighting the strategies they use to serve businesses of all sizes.
But in China, a new and uniquely local solution is emerging—one that bridges the gap between barcode payments and hardware-intensive NFC wallets. But in China, a new and uniquely local solution is emerging—one that bridges the gap between barcode payments and hardware-intensive NFC wallets. What Is “Alipay Tap”? Why Is This a Big Deal?
Clear Junction , a global leader in cross-border payments 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.
Over the past year Wise Platform , Wise’s global payments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint.
In a global financial landscape where efficiency and accuracy are paramount, the challenge of failed payments is a significant hurdle for small and medium-sized enterprises (SMEs) and financial institutions (FIs), particularly in a vibrant market like Singapore.
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).
Wise Platform , Wise ’s global payment infrastructure for banks and global organisations, today announces its partnership with Lunar , one of the leading digital banks in the Nordics to bring fast, secure and transparent international payments to over one million users across the region.
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments.
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 are your thoughts on the future of cross-border payments?
FinMont , the global payment orchestration platform and Payválida have announced an exciting new partnership aimed at enhancing the payments landscape for e-commerce across the travel industry. Combining both payments into a single view will help decision-makers identify and fix inefficiencies in their current payment processes.
While more customers and revenue are certainly a plus, this can also be a season of increased chargebacks and payment disputes. Keep reading to learn how to avoid chargebacks and payment disputes during the holiday season. So how do you avoid chargebacks and payment disputes this holiday season? Here are our best tips.
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