Remove Cross-Border Payments Remove Payment Message Remove Payment Networks
article thumbnail

Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

As the global demand for faster, more affordable, and increasingly transparent cross-border payments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. What is Project Nexus, and how does it address today’s cross-border payment challenges?

article thumbnail

Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa

Fintech Finance

The programmability of value-added financial services will enable new business models and enhance the efficiency and transparency of cross-border payments. Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries.

article thumbnail

Nium Enables Financial Institutions to Connect to Its Real-Time Payments Network via Swift

Fintech Finance

Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network.

article thumbnail

Global Cross-Border Payments Expected To Grow, But Challenges Remain

PYMNTS

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable.

article thumbnail

Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made. So, what’s the problem? What’s Changing?

article thumbnail

The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

Friction associated with traditional payment networks is plentiful, he told PYMNTS in a recent interview — and while real-time payment networks can address many of the related woes, their adoption will greatly rely on their ability to address corporates’ biggest pain points. If you’re making a payment from the U.S.

ISO 20022 117
article thumbnail

Smarter Payments Tracker Eyes Interoperability

PYMNTS

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards. In the public sector, corporates and government entities are also collaborating in pursuit of interoperability.