The Payments Association

JUNE 3, 2025

Early deployments across Asia, the Caribbean, and Europe reveal how people are using CBDCs, how merchants are responding, and what this means for cross-border payments in an increasingly interconnected world.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

The Fintech Times

JULY 17, 2025

billion digital wallets, working with major partners like Swift and M-Pesa. But the real story is in the infrastructure behind it: licensing, interoperability and a deep commitment to making cross-border payments work for everyone – not just the biggest players. TerraPay now connects over 155 countries and 3.7

Cross-Border 45

Cross-Border Cross-Border Payments Interoperability SWIFT 45

Finovate

FEBRUARY 20, 2025

The goal of the new format is to enhance the quality of financial messaging, facilitate cross-border payments, and reduce manual processing. Finzly’s Fedwire solution provides instant settlement, real-time visibility, and complete automation for Fedwire payments.

FedWire 114

FedWire ISO 20022 ISOs Payment APIs and Integration 114

Fintech Finance

JULY 2, 2025

The Orbital ClearBank partnership connects SEPA rails with stablecoins, driving innovation in cross-border digital payments. Cross-border payments using rails like SWIFT are too expensive, too slow, and too opaque for enterprises trading with and across Europe.

Stablecoins 52

Stablecoins IBAN Cross-Border Payment APIs and Integration 52

Fintech News

MAY 29, 2025

ACI Worldwide has unveiled ACI Connetic , a new cloud-native platform designed to streamline payment processing for banks and financial institutions. The platform integrates multiple payment types, including Swift cross-border payments, real-time gross settlement systems like Target2, and SEPA Instant payment networks such as RT1 and TIPS.

Payment APIs and Integration 64

Payment APIs and Integration Federal Reserve Cross-Border Payments SWIFT 64

Fintech News

OCTOBER 20, 2024

Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable.

Cross-Border Payments 137

Cross-Border Payments Cross-Border SWIFT ISO 20022 137

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 145

ISO 20022 Cross-Border Payments ISOs Cross-Border 145

Fintech Finance

OCTOBER 21, 2024

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.

Real Time Payments 95

Real Time Payments SWIFT Payment Networks Cross-Border Payments 95

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). In this case SWIFT it may not be necessary, because it will be a different kind of technological interaction,” Skorobogatova said during a virtual meeting, per RT.com.

Central Bank 142

Central Bank SWIFT Digital Currency CBDC 142

Fintech News

JUNE 11, 2024

Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. Customers can receive funds in up to 33 different currencies via SWIFT and local payout rails.

Cross-Border Payments 119

Cross-Border Payments Cross-Border Payment APIs and Integration Payments 119

Fintech Finance

NOVEMBER 8, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.

Cross-Border Payments 98

Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 98

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.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

PYMNTS

AUGUST 16, 2019

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.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

Finextra

APRIL 22, 2025

Stablecoin platform Circle is working with Standard Chartered, Deutsche Bank, Socit Gnrale and Santander to build a cross-border payment network to rival Swift.

SWIFT 84

SWIFT Stablecoins Cross-Border Payments Cross-Border 84

Fintech Finance

MAY 29, 2025

Conduit , a leading cross-border payments platform powered by stablecoins, announced today it closed a $36 million Series A funding round. “Traditional cross-border payment systems do not meet the demands of modern businesses.

Cross-Border Payments 81

Cross-Border Payments Cross-Border Stablecoins SWIFT 81

PYMNTS

JULY 31, 2019

So, why do cross-border payments present so many challenges? Despite rapid market growth, international payments have been hampered by country-specific regulations, while transactions being channeled through intermediary banks can take days to complete and often come with fees. Currently, there are 0.7

Cross-Border Payments 72

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

The Payments Association

APRIL 30, 2025

Businesses can seamlessly integrate Uzcard and Humo card payouts into their operations, benefiting from 24/7 access to real-time FX rates and status notifications, ensuring their payment needs are fulfilled anytime, anywhere. Over 2 million Uzbeks live abroad, and remittances hit $2.5 billion in Q1 2024 alonean 8.6% Our team will be in touch.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Payment APIs and Integration Payment Networks 88

PYMNTS

SEPTEMBER 11, 2019

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?

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

MARCH 17, 2020

In this week’s look at payment rails innovation, PYMNTS finds a slew of new markets around the world adopting entirely new payment networks that can support their demand for real-time transactions. UAE Taps Ripple For Global Payments. Qatar Embraces SWIFT gpi. Explore all of the latest initiatives below.

Instant Payments 98

Instant Payments Payment Networks Cross-Border Payments Cross-Border 98

Finextra

OCTOBER 21, 2024

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.

SWIFT 64

SWIFT Cross-Border Payments Cross-Border Real Time Payments 64

PYMNTS

NOVEMBER 27, 2019

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

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

JANUARY 31, 2019

Financial messaging service SWIFT said this past week that it has fashioned a partnership with R3 , a blockchain startup. The partnership will integrate the R3 platform into the SWIFT global payments innovation (gpi) offering. I think that today, that is not what SWIFT is.”. CNBC noted that R3 competes with Ripple.

SWIFT 77

SWIFT Blockchain Federal Reserve Cross-Border Payments 77

Payments Source

MARCH 18, 2019

The tech company has taken World Wire, its blockchain-based cross-border payments network, live in 72 countries.

Cross-Border Payments 72

Cross-Border Payments Cross-Border SWIFT Wire 72

Payments Source

DECEMBER 18, 2018

The Global Payments Innovation service now moves 55 percent of Swift's cross-border transactions as it nears its second anniversary.

Cross-Border 60

Cross-Border Cross-Border Payments SWIFT Payments 60

PYMNTS

NOVEMBER 7, 2018

FIS , a global leader in financial services technology, announced that it has connected LVMH Group to the SWIFT Global Payments Innovation (gpi). LVMH’s volume of cross border payments presented unique challenges for the company, and we are pleased to provide the tools needed to leverage these emerging opportunities.”.

SWIFT 58

SWIFT Cross-Border Payments Cross-Border Treasury 58

PYMNTS

OCTOBER 15, 2020

Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. Developments From Around The World of Payments Modernization. billion by the end of this year.

Correspondent Bank 91

Correspondent Bank Cross-Border Correspondent Cross-Border Payments 91

Fintech Finance

OCTOBER 21, 2024

Rising Demand for Correspondent Services Wise Platform’s Correspondent Services, launched at Sibos last year in collaboration with Swift , allows partners to send and receive international payments instantly.

Cross-Border 98

Cross-Border Global Payments Cross-Border Payments Multi-Currency 98

PYMNTS

DECEMBER 23, 2020

More and more of these workers want to be paid in their local currencies and they also expect these payments to be finalized swiftly. The following Deep Dive analyzes how the ongoing pandemic and the increasing availability of digital and instant payment methods are shifting freelancers’ payment expectations globally.

Cross-Border Payments 108

Cross-Border Payments Cross-Border Wire Transfer Wires 108

Fintech Finance

MAY 21, 2024

Swift has today set out plans to help financial institutions streamline the cross-border payments experience for their corporate customers, by extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labelled tracking services that can be activated for customers at the click of a button.

ISO 20022 59

ISO 20022 SWIFT Cross-Border Payments Cross-Border 59

PYMNTS

DECEMBER 15, 2020

In this regard, payment networks, payment rails and financial institution (FI) infrastructures can all collaborate together to adapt to emerging use cases, including the need to move data along with money. Bank Of America Wields SWIFT gpi. Scotiabank Launches Real-Time Payments For Businesses.

Innovation 94

Innovation Cross-Border Payments Cross-Border Real Time Payments 94

Wharton Fintech

JANUARY 18, 2024

We obtained licenses locally, usually regulated by the central bank, partnering either directly with payment schemes or with local banks. Our goal was to access local payment networks directly, avoiding intermediaries like SWIFT. Later, we expanded to local collection by issuing bank accounts worldwide.

Cross-Border 130

Cross-Border Cross-Border Payments Payment APIs and Integration Cryptocurrency 130

The Payments Association

MAY 16, 2025

As the industry moves toward real-time infrastructure, payment networks must tackle their biggest challenge yet: ensuring true, irreversible finality. The risks of legacy settlement logic Payment networks still rely on response codes to indicate transaction statusan outdated approach in a real-time environment.

ISO 20022 88

ISO 20022 Cross-Border Cross-Border Payments Settlement 88

PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. A London-based manufacturer can’t rely on the U.K.’s

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 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. Limited connections between FIs can cause delays and higher costs as well. The State of Global Remittances.

Cross-Border Payments 41

Cross-Border Payments Cross-Border P2P B2B 41

Payments Source

APRIL 18, 2017

Bottomline Technologies, which specializes in business payments, is the latest to introduce a fraud-fighting solution for members of the Swift payment network.

SWIFT 60

SWIFT Payment Networks Business Payments Technology 60

PYMNTS

FEBRUARY 25, 2020

Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools. Below, PYMNTS explores the latest initiatives to improve existing payment networks for better corporate payments. SWIFT gpi Touts 2019 Numbers. Kyriba Streamlines Connectivity.

Cross-Border Payments 56

Cross-Border Payments Cross-Border SWIFT Debit Network 56

Payments Source

JUNE 3, 2019

Payments messaging standards provider Swift has received a license to offer connections to all of the Eurosystem market infrastructures for payments, securities settlement and collateral management.

SWIFT 69

SWIFT Message Standards Gateways Payment Message 69