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 Related Topics 
Central banks seek firms for cross-border payment project
Payments Dive
MAY 17, 2024
The Bank for International Settlements is seeking private sector participation in a smart-contract project designed by seven central banks to improve cross-border payments.
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.
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.
Revolutionising Cross Border Payments in the APAC Ecosystem
Fintech News
APRIL 11, 2024
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-border payment practices have noticed an evolution.
Central banks explore tokenisation of cross-border payments
Finextra
APRIL 3, 2024
A collection of seven central banks are working with the Bank for International Settlements to explore tokenisation of cross-border payments.
Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024?
The Fintech Times
FEBRUARY 26, 2024
With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market. However, CBDCs will not be the silver bullet to developing and accelerating cross-border payments. appeared first on The Fintech Times.
Cross-border payments remain focus for Fed
Payments Dive
FEBRUARY 20, 2024
Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.
KASIKORNBANK, J.P. Morgan Set to Reduce Cross-Border Payment Times to Minutes
Fintech News
APRIL 24, 2024
Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-border payments through blockchain technology, according to RYT9. Morgan Set to Reduce Cross-Border Payment Times to Minutes appeared first on Fintech Singapore. Thailand’s KASIKORNBANK , in partnership with J.P.
Can blockchain transform cross-border payments?
Payments Dive
NOVEMBER 20, 2020
Cross-border payments are fraught with difficulties from long paper trails to complicated contracts/ Blockchain has emerged as a possible contender to streamline the process, however, but is it ready to tackle cross-border payments?
Cross Border Payments: Back on Banks' agenda
Finextra
APRIL 25, 2024
Hubertus von Poser, Head of Sales and Consulting Payments at PPI, joins FinextraTV at NextGen Nordics 2024 for a deep dive into cross-border payments and their resurgence on banks' agendas. Discover the key drivers shaping the financial services landscape, the challenges banks encounter, and strategies to overcome them.
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.
Bank of Thailand to launch QR code cross-border payments to India
The Paypers
MAY 3, 2024
The Bank of Thailand has announced its initiative to launch secure and fast QR code cross-border payments between Thailand and India by Q3 2024.
ACI CEO weighs in on FedNow, cross-border payments
Payments Dive
MARCH 14, 2024
The federal real-time payments system may spool up slowly, but it could ultimately transform U.S. cross-border payments, ACI Worldwide's CEO predicted.
Nium Partners with Artajasa to Enhance Cross-Border Payments in Indonesia
Fintech News
APRIL 22, 2024
Global payments company Nium has announced a new partnership with Artajasa, a prominent Indonesian payment infrastructure provider. Featured image credit: Edited from Freepik The post Nium Partners with Artajasa to Enhance Cross-Border Payments in Indonesia appeared first on Fintech Singapore.
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.
Simplifying cross-border payments needs more than just technology
The Payments Association
FEBRUARY 21, 2024
As the pace and scope of cross-border payments continue to accelerate, it’s becoming increasingly clear that the payment industry’s approach to compliance must also evolve—and take centre stage. Read more
ISO 20022 and Machine Learning: Transforming Cross-Border Payments
Finextra
MAY 14, 2024
In today’s interconnected economy, efficient cross-border payments are crucial for businesses and in.
Cross-border payment headaches burden consumers: Mastercard report
Payments Dive
NOVEMBER 7, 2023
As international groups examine cross-border payment challenges, consumers and small businesses are worried about the costs and risks associated with sending money or receiving funds internationally.
FedNow may stumble without nonbanks, cross-border payments
Payments Dive
OCTOBER 18, 2022
“In addition to cross-border payments, the benefits of FedNow must be widely available to Americans through competitive, diverse providers — including nonbanks,” writes a U.S.-based based Wise executive.
Access Bank Group and Mastercard Join Forces to Expand Opportunities for Cross-Border Payments for African Businesses and Consumers
Fintech Finance
MAY 9, 2024
A leading multinational bank, Access Bank Group , has today launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy. In 2024, remittance flows to the region are projected to increase by 2.5%.
Exploring Cross-Border Payments in Emerging Markets: Evolution, Challenges & Solutions
Finextra
MAY 2, 2024
Join FinextraTV in conversation with Emily Corfield, EMEA Head of Financial Institution Sales at StoneX, as we explore the current landscape of cross-border payments in emerging markets such as LATAM, Africa, and Asia at NextGen Nordics 2024.
Why are SMEs still struggling with B2B cross-border payments?
The Payments Association
FEBRUARY 19, 2024
There are persistent challenges in cross-border payments for SMEs, such as delays issues and high fees. Yet, payment companies and fintechs can leverage global financial networks and encourage virtual card payments to streamline transactions and enhance competitiveness. Read more
Laos and Brunei Joins ASEAN’s Initiative for Real-Time Cross Border Payments
Fintech News
APRIL 3, 2024
The initiative, which began in late 2022, aims to make cross-border payments faster, more affordable, transparent, and inclusive, leveraging technologies like QR code-based and fast payment modalities to improve payment connectivity across the region.
NextGen Nordics 2024: The current state of play of cross-border payments
Finextra
APRIL 23, 2024
Moderating the second panel of the day, Niamh Curran, senior reporter at Finextra, discussed real-time cross border payments with Patrik Havander, head of B2B Connect Europe at Visa, Christian Schwarz, director payments Europe at Finastra, Dr Hubertus von Poser, member of the management board at PPI, Colin Williams, global lead for clearing transformation (..)
NextGen Nordics 2024: Cross Border Payments: Back on Banks' agenda
Finextra
APRIL 25, 2024
Hubertus von Poser, Head of Sales and Consulting Payments at PPI, joins FinextraTV at NextGen Nordics 2024 for a deep dive into cross-border payments and their resurgence on banks' agendas. Discover the key drivers shaping the financial services landscape, the challenges banks encounter, and strategies to overcome them.
Navigating the Future of Cross-Border Payments: Innovations and Challenges
Finextra
FEBRUARY 15, 2024
In an increasingly interconnected global economy, cross-border payments play a crucial role in facil.
BIS and 7 Central Banks Launch Project Agorá for Tokenised Cross-Border Payments
Fintech News
APRIL 3, 2024
This initiative, named after the Greek word for marketplace, aims to delve into the potential benefits of tokenising cross-border payments to enhance the global monetary system’s efficiency. Being a member of the IIF is not a requirement to participate.
What is G20’s 2027 Vision for Cross Border Payments?
Finextra
MARCH 17, 2024
Cross-border payments play a vital role in the seamless operation of the international economy, and.
In conversation: The impact of geopolitical tensions on cross-border payments
The Payments Association
DECEMBER 6, 2023
Clear Junction CEO Dima Kats sat down with our reporter George Iddenden to discuss how challenges to the cross-border payments sector are becoming bolder with the increase in geopolitical tensions and, contrary to some within the payments space, how he believes the regulatory frameworks offer enough security. Read more
G20 publishes recommendations on service level agreements for cross-border payments
Finextra
APRIL 29, 2024
Service level agreements used in cross-border payment arrangements define minimum service levels for correspondent banking relationships, the links between payment systems and payment instrument rulebooks.
U.S. Faster Payments Council Explores the Practicalities of Cross-Border Payments in a Faster Payments World
Fintech Finance
JANUARY 11, 2024
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-Border Payments in a Faster Payments World.
RBI Discusses CBDCs for Cross-Border Payments with HKMA, US Fed, and SWIFT
Fintech News
DECEMBER 10, 2023
The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.
Borderless AI and Nium Transform Employer of Record Business With Real-Time Cross-Border Payments
Fintech Finance
MAY 1, 2024
Today, Borderless AI , a leading Employer of Record (EOR) services provider, announced its strategic partnership with Nium , the global leader in real-time, cross-border payments, aiming to revolutionize cross-border payments in the EOR industry. For more information, visit us here.
Trulioo and Nium Collaborate to Enhance Cross-Border Payments with Enhanced Identity Verification
The Fintech Times
APRIL 21, 2024
Identity platform Trulioo announces an expanded collaboration with Nium, the real-time cross-border payments company, at Money20/20 Asia in Bangkok. Nium has integrated the Trulioo Person Match identity verification capability to deliver rapid, compliant payment experiences for its UK operations.
Veritran and Swift Come Together to ‘Overcome Increasing Fragmentation’ of Cross-Border Payments
The Fintech Times
APRIL 27, 2024
Global tech firm Veritran has partnered with Swift , the world’s leading provider of financial messaging services, to enable financial institutions to offer an enhanced, streamlined and more transparent cross-border payment experience to their customers.
Veritran and Swift Connect to Enhance User Experience and Increase Transparency in Cross-Border Payments
Fintech Finance
APRIL 30, 2024
Veritran and Swift announce their collaboration that will enable financial institutions to offer an enhanced and streamlined cross-border payments experience to their customers. It’s vital that industry players work together in this way to overcome increasing fragmentation in the cross-border payments landscape.”
Airwallex and Woo Partner to Simplify Cross-Border Payments for Global Merchants
Fintech News
DECEMBER 13, 2023
This partnership aims to simplify cross-border commerce for global merchants without the high foreign exchange conversion fees. This integration with Airwallex equips Woo merchants with the capability to seamlessly accept cross-border payments.
Tranglo Expands Instant Cross-Border Payments to Over 30 E-Wallets
Fintech Finance
APRIL 8, 2024
Leading fintech specialist Tranglo has announced an expansion of its cross-border payment network, enabling instant and direct transfers to more than 30 eWallets. Tranglo helps financial institutions and businesses pay through Tranglo Connect, its proprietary cross-border payments solution.
Nearly Half of All Cross Border Payments Will Be Instant by 2028 Reveals Juniper Research
The Fintech Times
FEBRUARY 5, 2024
Within the research , Juniper Research found instant payments will revolutionise B2B payments by enabling cheaper and more secure cross-border trade. They will reach 42 per cent of all cross-border payments by 2028, at $16trillion; up from just 17 per cent in 2024, at $5trillion.
Singapore and China to Begin e-CNY Pilot, Explore Cross-Border Payment Linkage
Fintech News
DECEMBER 6, 2023
This could lead to more secure, convenient, and cost-effective cross-border payments and remittances. The post Singapore and China to Begin e-CNY Pilot, Explore Cross-Border Payment Linkage appeared first on Fintech Singapore.
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 
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FOMO Pay Partners Klasha for Cross-Border Payments Between Asia and Africa
Fintech News
JANUARY 31, 2024
FOMO Pay , a digital payment and digital banking solutions provider in Asia, has entered into a strategic partnership with global cross-border payment company Klasha. By partnering with Klasha, we enhance our service offerings, expand payment corridors, and empower our institutional clients to grow in the global market.”
Cross-Border Payments: Challenges and Solutions
Nanonets
SEPTEMBER 28, 2023
= Cross-border payments have become increasingly popular as businesses and individuals alike seek to capitalize on opportunities in foreign markets. Yet, these payments can be fraught with challenges, from foreign exchange risks to compliance with local regulations. What Are Cross-Border Payments?
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