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Circle Launches Stablecoin Payments Network for Cross-Border Settlements

Fintech News

Circle stated the initiative addresses inefficiencies in cross-border payments, which can often take more than a business day and incur significant costs, citing World Bank data highlighting average costs exceeding 6%. said Nikhil Chandhok, Chief Product and Technology Officer at Circle.

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Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024

Fintech News

Nexus, now overseen by the newly created Nexus Scheme Operator (NSO) , aims to establish a unified framework for seamless cross-border payments by addressing interoperability challenges between different national systems.

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Ant International Deepens Payment and Digitalisation Ecosystem with AI-Driven Embedded Finance Solutions in Year of Transformation

Fintech Finance

With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digital payment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance. connecting over 90 million merchants in 66 markets to 1.6

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Morgan Stanley Partners with Wise to Enhance Cross-Border Payment Capabilities

The Fintech Times

The global financial services firm will offer clients high-speed cross-border settlements through Wise Platform, Wises global payments infrastructure for banks. Using Wises local connectivity and payment technology, the integration aims to reduce implementation times while maintaining operational efficiency.

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XWeave Secures US$3 Million Funding for Stablecoin Cross-Border Payments

Fintech News

The company is also in talks with regional fintechs and global merchant platforms to integrate real-time cross-border settlement into their products. The company is also a member of the Global Finance and Technology Network (GFTN).

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Antom Supports Booking.com by Integrating Payment Options Across Key Markets in Asia

The Fintech Times

” By integrating Antoms multi-currency offerings and cross-border settlement capabilities, Booking.com is empowering its global accommodation providers to expand user reach, and optimise payment acceptance and reconciliation across diverse markets.

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Unlocking the Future of Global Payments: A Deep Dive into China’s CIPS

Finextra

China’s Cross-border Interbank Payment System (CIPS) is rapidly emerging as a central artery in the internationalization of the Renminbi (RMB), offering a robust infrastructure for cross-border settlements and reshaping how global institutions engage with China’s markets. What Is CIPS and Why Does It Matter?