Remove Cross-Border Payments Remove Liquidity Management Remove Settlement
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Thunes and Circle to Facilitate Faster Cross-Border Payments with USDC Stablecoin

Fintech News

Global payments network Thunes has announced a collaboration with Circle , the issuer of regulated stablecoins USDC and EURC. This partnership aims to enhance stablecoin liquidity management in cross-border payments. Settlements made with stablecoins provide exactly these four things.

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UOB Becomes Direct Participant in China’s Cross-Border Payment System

Fintech News

CIPS, authorised by the People’s Bank of China, facilitates RMB-denominated trade, investment, and other cross-border payments. With this access, UOB will offer RMB clearing, settlement, and payment services to businesses and financial institutions in and outside China.

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Optimising Cross-Border Payments Globally: Shaping the Economy of Tomorrow

Fintech News

Cross-border payments are the fundamental infrastructure that facilitates the flow of money within an increasingly interconnected global economy, underpinning commerce between individuals, businesses, and governments worldwide. Similarly, South Korea’s instant RTGS-based systems facilitate secure, fast settlements.

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Project Guardian: Interoperability From Tokenised Bank Liabilities Could Save Firms $50bn in FX Fees

The Fintech Times

With firms spending roughly $120billion (S$154.2billion) on cross-border transaction fees, alternatives are being sought after. According to a new report from the Project Guardian FX industry group, implementing tokenised bank liabilities and shared ledgers in cross-border payments and FX is a viable solution.

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RTGS.global and TransferMate Announce Strategic Partnership to Streamline Cross-Border B2B Payments

Fintech Finance

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.

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Rethinking how PSPs onboard network partners-counter party

The Payments Association

Aligning onboarding practices with the G20’s priorities for modernising cross-border payments can help institutions future-proof their operations and contribute to system-wide improvements: Speed: This enables real-time (T+0) payment processing through automation, intelligent routing, and pre-validation.

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Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments

The Fintech Times

. “For Visa, this is an opportunity to deliver innovations that enhance payment experiences across Asia Pacific with greater flexibility, security, and convenience. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”