The Paypers

SEPTEMBER 26, 2023

Sweden-based Distributed Ledger Technology (DLT) cross-border payment solutions provider Centiglobe has partnered with fintech company Zimpler.

Cross-Border Payments 41

Cross-Border Payments Distributed Ledger Technology (DLT) Cross-Border Payment Solutions 41

PYMNTS

FEBRUARY 8, 2018

7) said Ripple announced a partnership with LianLian International, a Hong Kong-based, cross-border payments company, that plans to use Ripple’s xCurrent enterprise blockchain tool to process real-time payments coming into China. Cross-border payments related to China’s eCommerce market reached $1.07

Real Time Payments 77

Real Time Payments Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 77

PYMNTS

NOVEMBER 27, 2019

Beau wants to use distributed ledger technology (DLT), and France is considering a central bank digital currency (CBDC). DLT would also help in terms of cross-border payments, he said.

Digital Currency 94

Digital Currency Central Bank Distributed Ledger Technology (DLT) CBDC 94

Fintech News

DECEMBER 11, 2023

The aim of this PoC was to show how commercial banks could integrate two different types of CBDC systems into their existing banking infrastructure and perform end-to-end multilateral cross-currency transfers via the UDPN. The PoC explored two models.

CBDC 116

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 116

The Fintech Times

AUGUST 6, 2024

Similar to other regions across Asia, mobile payments are now preferred as a payment method over card payments by 70 per cent of Thai consumers. QR codes have also become a popular payment method in Thailand. Supporting startups Thailand is also investing significant resources into its wider startup ecosystem.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

PYMNTS

APRIL 1, 2019

The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. At heart of the matter, of course, is the place (or choice) of using distributed ledger technology (DLT) to underpin the transactions — especially B2B transactions.

Cross-Border 61

Cross-Border Distributed Ledger Technology (DLT) Cross-Border Payments Transactions 61

PYMNTS

JULY 30, 2019

Global payments revenues are at an all-time high, and experts predict that they could even climb to be a $2 trillion industry by 2020. Cross-border payment revenues currently account for approximately $200 billion, a significant slice of the payments pie. Currently, there are 0.7

Distributed Ledger Technology (DLT) 80

Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments Blockchain 80

PYMNTS

JUNE 13, 2019

In an interview with PYMNTS, Kevin Phalen, head of Global Business Solutions at Visa, told Karen Webster that Visa B2B Connect acts as a brand new, end-to-end global payments network, built on using elements of distributed ledger technology (DLT) and the open source Hyperledger Fabric framework hosted by The Linux Foundation.

B2B 75

B2B Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 75

Clearly Payments

AUGUST 29, 2024

Wholesale CBDCs : These are designed for financial institutions and are used for large-scale transactions, such as interbank transfers or cross-border payments. Payment Efficiency: CBDCs can streamline payment processes by reducing the need for intermediaries, such as banks or payment processors.

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

Payments Source

MAY 9, 2018

The banks contend distributed ledger technology (DLT) makes it easier to coordinate trade finance deals. And the use of smart contracts can help parties comply with contractual obligations such as staged payments.

Distributed Ledger Technology (DLT) 63

Distributed Ledger Technology (DLT) Cross-Border Blockchain Finance 63

PYMNTS

SEPTEMBER 15, 2020

Through a collaboration with Tata Consultancy Services, Emirates NBD has plans to roll out new payment innovations like SWIFT for Corporates, as well as real-time clearing capabilities across markets in the Middle East, as it consolidates its payments processing infrastructure to tackle cross-border payments friction.

RTP 105

RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

PYMNTS

SEPTEMBER 26, 2018

. “Building on the enterprise blockchain technology, Visa B2B Connect is a new transaction platform designed for the exchange of high-value international payments between participating banks on behalf of their corporate clients. “We think we can accelerate that as an integrated solution.” ”

Distributed Ledger Technology (DLT) 65

Distributed Ledger Technology (DLT) B2B Cross-Border Payments Cross-Border 65

PYMNTS

OCTOBER 24, 2019

Cross-border payments still present challenges , but the landscape is changing rapidly. . Swift recently announced that its gpi service can integrate with domestic real-time systems to facilitate rapid cross-border transactions. Traditionally, most cross-border payments are made through Swift.

Cross-Border Payments 42

Cross-Border Payments Cross-Border B2B Distributed Ledger Technology (DLT) 42

PYMNTS

AUGUST 23, 2019

To compare payment rails to real-life rails, no rail passenger wants to travel faster without assurance that they are traveling safely. The conversation took place against a backdrop of rapid growth in demand for real-time payment systems in some domestic markets. Financial crime is bigger than any one organization,” she said. “To

Real Time Payments 77

Real Time Payments SWIFT Compliance ISO 20022 77

PYMNTS

OCTOBER 22, 2019

They frequently face delays and rack up fees as they pass through multiple FIs, and parties making these payments often wrestle with currency conversions and value fluctuations. International B2B Payments Pains. Global financial companies like Circle provide zero-fee remittances via DLT, and Ripple began piloting xRapid for U.S.

Cross-Border Payments 41

Cross-Border Payments Cross-Border P2P B2B 41

Fintech News

FEBRUARY 14, 2024

The paper discusses the contrasting trajectories of digital payments and digital trade finance, noting that cross-border payments have achieved rapid digitalization and benefited from a horizontal solution like Swift GPI.

Finance 128

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 128

PYMNTS

OCTOBER 11, 2018

Furthermore in Asia, a Singapore-based firm focused on FX and cross-border payments, Wallex Technologies , said it raised funding via a Pre-Series A round. The blockchain had been designed on the distributed ledger technology (DLT) via R3 ’s Corda offering.

Settlement 77

Settlement Distributed Ledger Technology (DLT) Cross-Border Payment APIs and Integration 77

The Paypers

MAY 7, 2020

Cross-border payments network Ripple has become part of the ISO 20022 standards body, becoming one of its first members focused on distributed ledger technology (DLT).

ISO 20022 38

ISO 20022 Distributed Ledger Technology (DLT) ISOs Cross-Border Payments 38

Fintech News

JANUARY 30, 2024

Prototypes and proofs of concept are being developed for payment systems based on distributed ledger technology (DLT). These include cross-border Payment versus Payment (PvP) transactions and wholesale market Delivery versus Payment (DvP) transactions.

Payments Trends 122

Payments Trends Digital Currency Distributed Ledger Technology (DLT) Cross-Border Payments 122

PYMNTS

MARCH 14, 2019

The movement to bring blockchain to cross-border payments proceeds apace. Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger technology (DLT)?

SWIFT 74

SWIFT Blockchain Distributed Ledger Technology (DLT) RFP 74

PYMNTS

NOVEMBER 25, 2020

“Today, authorities around the world are grappling with the rise of digital currencies and decentralized finance based on both emerging technologies — particularly various combinations of distributed ledger technology (DLT) and blockchain and advances in traditional centralized systems underpinning finance,” according to the report.

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

PYMNTS

SEPTEMBER 20, 2018

.” At the same time, the financial services market is significantly ahead of other markets — including manufacturing, government and healthcare — when it comes to their exploration and use of distributed ledger technology (DLT).

Blockchain 75

Blockchain Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 75

PYMNTS

DECEMBER 17, 2019

With [distributed ledger technology] DLT, Accenture has been focused on financial services infrastructure, supply chain and digital identity — this hits the core of all three of those.” .

Distributed Ledger Technology (DLT) 53

Distributed Ledger Technology (DLT) Blockchain Finance Cross-Border Payments 53

The Fintech Times

JUNE 6, 2024

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). The platform now invites further international participation and private sector proposals for value-added solutions.

Participant 45

Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 45

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). In a press release on Tuesday (Sept.

Distributed Ledger Technology (DLT) 49

Distributed Ledger Technology (DLT) Stablecoins Cross-Border Cross-Border Payments 49

The Paypers

AUGUST 16, 2018

(The Paypers) Ripple has allegedly begun considering breaking into the Chinese market to apply its distributed ledger technology (DLT) to cross-border payments.

Distributed Ledger Technology (DLT) 28

Distributed Ledger Technology (DLT) Cross-Border Payments Technology Cross-Border 28

The Fintech Times

DECEMBER 21, 2023

In 2023, Abu Dhabi Global Market (ADGM) introduced the Distributed Ledger Technology (DLT) Foundations Regulations. The coming year, especially within economic blocs and free trade agreements, promises to yield substantial benefits for fintech, particularly in areas like cross-border payments.

FinTech 64

FinTech Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 64

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. It has now completed its first experiment using DLT, giving the monetary authority a glimpse into the potential merits of the tech.

Central Bank 75

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

PYMNTS

JULY 24, 2018

A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). RTGS is being rebuilt so that new private payment systems, including those using distributed ledger, can simply plug into our system,” stated Carney.

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Blockchain Cross-Border Payments 40

Fintech News

OCTOBER 28, 2024

The 18 finalists have been selected based on solutions to challenges in credit access, financial literacy, cross-border payments, and personalized protection, among other areas.

FinTech 119

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 119

PYMNTS

JUNE 13, 2018

While banks have been investigating and investing in distributed ledger technology (DLT) the team at Ripple does not believe that DLTs are likely to make an appearance any time soon when it comes to processing cross-border payments. Issues around scalability and privacy are still too pointed.

Distributed Ledger Technology (DLT) 53

Distributed Ledger Technology (DLT) Transactions Cross-Border Blockchain 53

PYMNTS

FEBRUARY 11, 2020

. “Many have tried to shoehorn blockchain technology into solutions [where] it doesn’t quite fit, [but] trade finance, supply chain finance and cross-border payments [are] some of the few examples of commercial use where it can genuinely make a real difference,” he said.

Finance 53

Finance Technology Cross-Border Distributed Ledger Technology (DLT) 53

PYMNTS

SEPTEMBER 3, 2018

The linkup is being billed as one that lets financial firms settle cross-border payments in a matter of seconds. To that end, LumoXchange , a FinTech with an emphasis on payments, also said late in August that it launched its money transfer service focused on the Philippines.

Blockchain 41

Blockchain API Distributed Ledger Technology (DLT) Cross-Border 41

PYMNTS

JANUARY 2, 2019

Visa ended 2017 with a B2B payments focus that it kept rolling early in 2018 as it began testing and expanding B2B Connect , its cross-border corporate payments solution that integrates distributed ledger technology (DLT).

B2B 75

B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

PYMNTS

APRIL 25, 2019

Cross-border volume was up 4 percent, though, excluding the impact of an eCommerce-related platform reorientation (which shifted acquiring within Europe from cross-border to domestic classifications), that number came to 6 percent. The impact to revenue was minimal, said management.

Cross-Border 50

Cross-Border Volume Distributed Ledger Technology (DLT) Debit Card 50

PYMNTS

DECEMBER 9, 2019

Esser highlighted three key areas with major opportunities for improvement in the credit union market, with CULedger finding blockchain a promising technology to address them. “The biggest weakness a payment has is anonymity,” Esser said. “That’s a huge market opportunity for credit unions.”

Credit Union 54

Credit Union Cross-Border Distributed Ledger Technology (DLT) Electronic Funds Transfer (EFT) 54

PYMNTS

AUGUST 2, 2018

Reports came this week that the much-touted distributed ledger technology (DLT) may be less savior for all manner of problems across the business landscape than thought. Also with an eye on blockchain, and on FX and settlement, CLS has said it is in the end stages of testing blockchain payments for banks.

Blockchain 44

Blockchain Distributed Ledger Technology (DLT) Cross-Border Settlement 44