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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-borderpayments and FX is a viable solution.
Alipay+ expanded its vibrant wallet-based payment and digtalisation space that further strengthens WorldFirst and Antom , the two business fintech services. 2024 has been a transformative year for Ant International, said Peng Yang, Chief Executive Officer of Ant International.
. “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.”
Home News Wholesale Trovata buys treasurymanagement system Atom Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Orbital has partnered with ClearBank Europe to expand real-time euro payment options. The Orbital ClearBank partnership connects SEPA rails with stablecoins, driving innovation in cross-border digital payments. If those rails aren’t real-time, then the overall payment flow isn’t either.
OCBC has previously collaborated with Ant International, joining Alipay+’s network in 2023 to facilitate cross-borderpayments between Singapore, Malaysia, and South Korea. The partnership marks OCBC ‘s first foray into tokenization with Ant International and builds upon their existing relationship.
Currencycloud Provides APIs for real-time FX, multi-currency wallets, and global payments infrastructure, powering many B2B fintech platforms. Best for : Platforms building cross-borderpayment functionality into their services. Best for : Platforms requiring cross-border disbursements at scale.
The European Union’s leading bank, BNP Paribas and Ant International , a digital payment and financial technology leader, have formed a strategic partnership to enhance cross-borderpayment solutions for merchants and consumers in Europe.
DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquiditymanagement solution, in collaboration with Ant International.
The modern-day financial services landscape has a need for speed, and one of the slowest areas of the market can be seen in cross-borderpayments. Remittance and peer-to-peer payment technologies have accelerated transaction speeds for consumers tired of waiting days for money to move across borders.
BNP Paribas , the multinational bank, is joining forces with Ant International , a digital payment and financial technology leader, in a move to enhance cross-borderpayment solutions for merchants and consumers across Europe.
For AccountsIQ, the latest embrace of open banking comes in the form of a collaboration with TransferMate , which has now integrated cross-borderpayments capabilities directly within AccountsIQ’s accounts payable portal. But there are additional benefits to an API integration for cross-borderpayments , he noted.
“While there might still be less use of liquidity at night and over the weekend, payment service providers will not want to set all their available liquidity aside for real-time payment services.”
Treasury4 , an enterprise software platform delivering modern tools for treasury and finance practitioners, has announced the launch of its innovative Payments4 module tailored specifically for the unique requirements of treasury and finance teams. Reduce repetitive work and ensure accuracy with recurring payment templates.
PYMNTS CEO Karen Webster held a panel discussion with Transfermate CEO Sinead Fitzmaurice , Coupa Executive Vice President Ravi Thakur and Wells Fargo Head of Global Product Management Judd Holroyde to discuss what it means for organizations to step back and look at the bigger picture of cross-borderpayments. "We
Without centralized data, you can’t have true global cash visibility, making accurate forecasting and liquiditymanagement impossible,” explained Lutz. That’s not to say such innovations won’t have a positive mark on the treasurymanagement world.
Finmo, a treasurymanagement and payments platform, has secured US$18.5 The company provides a unified Treasury Operating System (TOS) that streamlines financial operations, automates treasury processes, optimises liquiditymanagement, and enhances financial decision-making and liquidity optimisation.
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