Cross-border payment plays rev up
Payments Dive
OCTOBER 10, 2022
The Clearing House, Swift and rivals are jostling to speed up cross-border payments, with collaboration and competition likely to emerge at an international conference this week.
Cross-Border Payments Related Topics 
Visa, Western Union partner on cross-border payments
Payments Dive
MARCH 6, 2024
The card network and the cross-border payments company are developing an international payment system that could be used in disaster situations.
Cross-Border Payments in Numbers: Global Corporations Lost $120 Billion in Transaction Fees
Fintech Finance
NOVEMBER 18, 2024
The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally.
Swift makes progress on some G20 cross-border payments goals
Payments Dive
AUGUST 24, 2023
The international cooperative reports improvements in meeting some G20 cross-border payments goals, but says the industry is falling short on others.
India in Talks to Forge New Cross-Border Payment Linkages, Says RBI
Fintech News
NOVEMBER 21, 2024
India is advancing efforts to establish cross-border payment linkages with multiple countries, as reported by Bloomberg, citing an official from the Reserve Bank of India (RBI). T Rabi Sankar Deputy Governor T.
What Impact Is AI Going to Have on Cross Border Payments Security?
The Fintech Times
FEBRUARY 22, 2024
As a result, we set out to investigate the impact the popular technology is going to have on the cross-border payments sector – specifically looking at security. “Artificial Intelligence (AI) will play a pivotal role in elevating security within the cross-border payments space.
6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments
Fintech News
OCTOBER 31, 2024
FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. Another company from Singapore featured on the list is Tazapay.
Mesta Launches Hybrid Fiat-Stablecoin Payment Rails for Cross-Border Payments
Fintech Finance
JANUARY 22, 2025
Mesta , a fintech platform reshaping global payment networks with hybrid fiat and stablecoin payment rails, unveiled its cross-border payment platform. It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in global payments and trade.
BIS CPMI Takes Further Steps to Promote ISO 20022 Harmonisation for Enhanced Cross-Border Payments
Fintech Finance
JANUARY 8, 2025
The BIS Committee on Payments and Market Infrastructures (CPMI) announced further steps to promote the adoption of its harmonised ISO 20022 data requirements for more efficient processing of cross-border payments. The data requirements were published in a report to the G20 in October 2023.
ISO 20022 
98
98 
Southeast Asia’s Trailblazing Role in Real-Time Cross-Border Payments
Fintech News
AUGUST 13, 2024
In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.
BIS Sets Out Roadmap for ISO 20022 Implementation in Cross-Border Payments
Fintech News
JANUARY 7, 2025
BIS aims to improve the efficiency of cross-border payments. They also provide impetus to industry-led efforts to create guidelines for faster cross-border payments. The CPMI views these guidelines as essential to making cross-border payments safer and more efficient.
ISO 20022 99
99 
Paysend Celebrates 10 Million Consumer Customers Milestone: Simplifying Cross-Border Payments for Everyone
Fintech Finance
JANUARY 17, 2025
In a significant milestone for the fintech industry, Paysend , the UK-based global payments platform, has announced reaching 10 million consumer customers worldwide. The post Paysend Celebrates 10 Million Consumer Customers Milestone: Simplifying Cross-Border Payments for Everyone appeared first on FF News | Fintech Finance.
BRI Partners with Nium to Expand Real-Time Cross-Border Payment Solutions
Fintech Finance
OCTOBER 18, 2024
Nium , the leading global infrastructure for real-time cross-border payments, is thrilled to announce a partnership with Bank Rakyat Indonesia (BRI) to provide Indonesian customers with real-time international money transfer capabilities.
BIS’ Project Agorá Opens to Private Sector for Tokenised Cross-Border Payments
Fintech News
MAY 15, 2024
The project aims to explore how tokenisation can improve wholesale cross-border payments. Featured image credit: Edited from Freepik The post BIS’ Project Agorá Opens to Private Sector for Tokenised Cross-Border Payments appeared first on Fintech Singapore.
Ant International Joins Swift Initiative for Cross-Border Payment Interoperability
Fintech News
DECEMBER 8, 2024
Ant International has joined Swift ‘s “Network Interoperability Reference Implementation” programme, a pre-pilot initiative designed to improve cross-border payment experiences.
Nium Offers Swift Connectivity for Faster Cross-Border Payments
Fintech News
OCTOBER 20, 2024
This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable. ISO 20022 is also the new industry standard in the process of migration, further streamlining cross-border payment processes. said Alex Johnson, Chief Payments Officer at Nium.
SCB Emerges as First Thai Bank to Adopt Stablecoins for Cross-Border Payments
Fintech News
OCTOBER 16, 2024
Siam Commercial Bank ( SCB ), alongside its venture arm SCB 10X and Lightnet , has launched Thailand’s first cross-border payment system utilising stablecoins, according to CoinGape.
Mastercard Transforms Cross-Border Payments for Banks With Industry-First Innovation
Fintech Finance
OCTOBER 21, 2024
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.
Mastercard Move and Cairo Amman Bank Join Forces to Enable Convenient and Secure Cross-Border Payments in Jordan
Fintech Finance
JANUARY 17, 2025
We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions. Our partnership with Cairo Amman Bank will be instrumental in bringing convenient and secure cross-border payment solutions to Jordan. billion in 2023, an increase from USD4.91
Temenos Launches Enterprise Service to Power Faster, Lower-Cost Cross Border Payments
Fintech Finance
OCTOBER 22, 2024
Temenos today launched a SaaS enterprise service for cross border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services.
CBA and BNY Deliver Near Real-Time Cross-Border Payments
Fintech Finance
AUGUST 22, 2024
Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon ( BNY ), Australian businesses and individuals who receive international payments from BNY’s customers may now be paid in as little as 60 seconds1 regardless of who they bank with.
Temenos and Visa Join Forces to Simplify Cross-Border Payments for Banks
Fintech News
JULY 16, 2024
Banking software provider Temenos and global payments leader Visa have announced a collaboration to simplify and streamline cross-border payments for banks and their customers. Visa Direct facilitates real-time cross-border and domestic payments, reaching billions of endpoints in over 190 markets and 160 currencies.
Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024
Fintech News
NOVEMBER 12, 2024
Looking ahead, he highlighted Thailand’s efforts to strengthen cross-border payment connectivity through projects like Nexus and mBridge. The post Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024 appeared first on Fintech Singapore.
Emirates NBD Taps Partior for Cross-Border Payments, Eyes Equity Stake
Fintech News
OCTOBER 23, 2024
Emirates NBD has entered a strategic agreement with Singapore-based blockchain platform Partior to improve its cross-border payment capabilities. The partnership will allow Emirates NBD to offer clients faster, around-the-clock payment processing through Partior’s blockchain-based platform for clearing and settlement.
De-banking in cross-border payments: Why the system needs reform
The Payments Association
JUNE 25, 2024
Banks are de-banking payment providers, causing major disruptions in cross-border transactions and impacting financial inclusion
Cross-Border 167
167 
dLocal partners with USI Money to provide cross-border payments
The Paypers
OCTOBER 22, 2024
dLocal has announced its partnership with USI Money in order to streamline cross-border payments for customers and clients in the region of Asia and Africa.
Nium Boosts Cross-Border Payment Efficiency with Partior
Fintech News
NOVEMBER 5, 2024
This collaboration makes Nium the first fintech payment service provider to join the Partior network, unlocking new capabilities such as programmable enterprise liquidity management and Just-in-Time multi-bank payments for financial institutions.
Swift Cross-Border Payment Processing Speed Stretches Further Ahead of G20 Target
Fintech Finance
OCTOBER 17, 2024
Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour. Swift is committed to continuing to support these efforts.”
Fabrick and TerraPay Partner to Innovate Cross-Border Payments in Europe
Fintech Finance
OCTOBER 8, 2024
billion digital wallets across 145 countries and by leveraging Fabrick’s Banking-as-a Service platform model, the two are creating a unified platform with tailored offerings that streamline payment processes, enhance security, and elevate the customer experience for businesses and financial institutions.
CARD.com Corporation Announces Collaboration With Visa for Visa Direct Cross-Border Payments
Fintech Finance
DECEMBER 17, 2024
Card Corporation, a leading privately-owned financial services technology company specializing in mobile banking and card payments, is pleased to announce a new collaboration with Visa to introduce Visa Direct Cross-Border payments.
dLocal and USI Money Partner to Streamline Cross-Border Payments in Asia and Africa
Fintech Finance
OCTOBER 22, 2024
dLocal , the leading cross-border payment platform specializing in emerging markets, today announced its strategic partnership with USI Money , a prominent foreign exchange provider and money transfer operator.
Doha Bank selects Nium for real-time cross-border payments
Finextra
OCTOBER 22, 2024
Nium, the leading global infrastructure for real-time cross-border payments, is thrilled to announce its strategic partnership with Doha Bank, a premier financial institution in Qatar.
Cross-Border Payments Could Further Enable APP Fraud, Says Payments Association Study
Fintech Finance
NOVEMBER 13, 2024
Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement and the general public – and new developments in cross-border payments may be making it easier.
Ant International and BNP Paribas Partner to Enhance Cross-Border Payments in Europe
Fintech News
JULY 14, 2024
Ant International and BNP Paribas have entered a strategic partnership to enhance cross-border payment solutions for European merchants and consumers. BNP Paribas will sponsor WorldFirst’s integration into SEPA, allowing WorldFirst’s clients to access real-time payment schemes under SEPA and automate treasury payments.
Key Trends Shaping Cross-Border Payments in APAC
Fintech News
SEPTEMBER 10, 2024
A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. billion grams of carbon emissions.
Citi and Mastercard Join Forces to Transform Global Cross-Border Payments
Fintech Finance
OCTOBER 11, 2024
Today, Citi and Mastercard announced a collaboration to offer cross-border payments to Mastercard debit cards in 14 receiving markets [1] worldwide, with plans for further expansion. Mastercard is one of the largest payment networks, with over 3.4 billion debit, prepaid and credit cards issued globally as of Q2 2024.
Macro Global and Trust Payments Expand Strategic Partnership to Offer Transformative Cross-border Payment Experience
Fintech Finance
OCTOBER 16, 2024
Macro Global , a leading global FinTech company, today announced a strategic partnership with Trust Payments , a leader in payments powering truly innovative customer-centric commerce solutions worldwide, which will make it simpler for cardholders to send money anywhere.
Bitso Business Surpasses $12 Billion in Transactions in 2024 and Unveils Study Revealing Stablecoins as the Leading Alternative for Cross-Border Payments
Fintech Finance
DECEMBER 17, 2024
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. trillion by 2030.
Thunes and Commercial Bank Kyrgyzstan | MBANK Forge Strategic Alliance to Transform Cross-Border Payments in the Silk-Road Region
Fintech Finance
SEPTEMBER 9, 2024
The post Thunes and Commercial Bank Kyrgyzstan | MBANK Forge Strategic Alliance to Transform Cross-Border Payments in the Silk-Road Region appeared first on FF News | Fintech Finance. Ulan Dzhanbolotov , Acting Chairman of the Executive Board at MBANK said “This collaboration marks an important milestone for the bank.
Nium, Kinexys by JP Morgan Enhance Cross-Border Payment Accuracy in Asia
Fintech News
NOVEMBER 6, 2024
Global payments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets.
UK Banks Urged to Act Now Ahead of New Cross-Border Payments Legislation ISO 20022 to Prevent Exclusion from International Payment Networks
Fintech Finance
APRIL 24, 2024
The replacement RTGS system, slated for readiness in August 2024, makes support for ISO 20022 a prerequisite for all international payments from the SWIFT deadline. The shift in cross border payments is the first step in what will become a broader adoption of the ISO 20022 standard in the payments environment as a whole.
ISO 20022 145
145 
Xoom Enables Partners to Use PayPal USD for Faster Cross-Border Payments
Fintech News
NOVEMBER 20, 2024
Featured image credit: PayPal The post Xoom Enables Partners to Use PayPal USD for Faster Cross-Border Payments appeared first on Fintech Singapore. .” said Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal.
Cross-Border 110
110 
XTransfer Showcases Cross-Border Payment Solutions at SFF 2024
Fintech News
NOVEMBER 7, 2024
XTransfer, a B2B cross-border payment platform, made its debut at the Singapore Fintech Festival (SFF) 2024 as a Gold Sponsor. The company aims to expand its presence in Southeast Asia, offering secure and efficient payment solutions to SMEs in the region. ” said Bill Deng, Founder and CEO of XTransfer.
MANSA Partners with Bitmama to Enhance Cross-Border Payments in Emerging Markets Through Virtual Crypto Cards
Fintech Finance
SEPTEMBER 2, 2024
MANSA , a leading decentralised finance (DeFi) platform specialising in cross-border payments and trade financing, has partnered with blockchain payment platform Bitmama to improve cross-border payment accessibility across Africa.
Let's personalize your content