Fintech News

OCTOBER 20, 2024

This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable. ISO 20022 is also the new industry standard in the process of migration, further streamlining cross-border payment processes. said Alex Johnson, Chief Payments Officer at Nium.

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Cross-Border Payments Cross-Border ISO 20022 SWIFT 70

Finextra

OCTOBER 21, 2024

The Financial Stability Board (FSB) today published (i) a consolidated progress report for 2024 reporting on a broad range of actions being progressed as part of the G20 Roadmap for Enhancing Cross-Border Payments; (ii) a progress report on the implementation of the Legal Entity Identifier (LEI); and (iii) an annual progress report on meeting the improved (..)

Cross-Border Payments 59

Cross-Border Payments Cross-Border Legal Payments 59

Finovate

SEPTEMBER 27, 2024

PayPal is launching its PayPal Complete Payments platform in China, offering seamless cross-border payment solutions. “This partnership delivers a tailored user experience for WooCommerce merchants, enabling cross-border businesses to confidently scale with PayPal’s advanced solutions.”

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Cross-Border PayPal Facilitators Cross-Border Payments 105

Fintech News

OCTOBER 17, 2024

Project Aperta aims to address this by creating a prototype of a multilateral cross-border interoperability network, which will allow licensed third-party providers, including banks and fintechs, to exchange data securely across jurisdictions. These differing standards hinder cross-border data flow.

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Cross-Border Finance Security Interoperability 112

Fintech Finance

OCTOBER 14, 2024

More than 40 billion cross-border transactions are screened each year for sanctions compliance, often multiple times to meet different regulatory requirements across the jurisdictions through which money flows. .

Cross-Border Payments 97

Cross-Border Payments Cross-Border SWIFT Innovation 97

Fintech Finance

OCTOBER 8, 2024

Moreover, TerraPay’s global infrastructure aligns with Fabrick’s mission to support Open Finance across different domains, including cross-border payments. ” The post Fabrick and TerraPay Partner to Innovate Cross-Border Payments in Europe appeared first on FF News | Fintech Finance.

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Cross-Border Payments Cross-Border Innovation Money Laundering 103

Finextra

OCTOBER 14, 2024

Russia is pushing for the creation of a new cross-border payment system for Brics countries as part of a scheme that would help the country to evade financial sanctions and reduce its reliance on the US dollar.

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Cross-Border Cross-Border Payments SWIFT Payments 98

Finextra

OCTOBER 17, 2024

Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour.

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Cross-Border Payments Cross-Border SWIFT Payments 52

Payments Dive

OCTOBER 10, 2022

The Clearing House, Swift and rivals are jostling to speed up cross-border payments, with collaboration and competition likely to emerge at an international conference this week.

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Cross-Border Payments Cross-Border SWIFT Payments 218

The Payments Association

JULY 30, 2024

The realm of cross-border payments is rapidly evolving, with the UK positioned at the forefront of this transformation. As globalisation intensifies and digital economies expand, the need for efficient, cost-effective, and secure cross-border payment solutions has never been greater.

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Cross-Border Payments Cross-Border Payments Economy 88

Finextra

OCTOBER 21, 2024

“The People’s Bank of China (PBoC) will continue to promote healthy development of cross border payment in the principles of openness, cooperation and mutual benefit,” said Lu Lei, deputy governor, The People's Bank of China, during the Sibos’s opening plenary.

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Cross-Border Payments Cross-Border Payments Continuity 72

The Payments Association

AUGUST 15, 2024

Cross-border payments can give a business an entirely new scope of potential customers, the ability to facilitate payments globally is a game changer. However, some key elements are essential to making this work seamlessly. Read more

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Cross-Border Payments Cross-Border Facilitators Payments 88

The Payments Association

SEPTEMBER 16, 2024

Central bank digital currencies (CBDCs) could transform cross-border payments by reducing costs, improving efficiency, and enhancing transparency. Read more

Cross-Border Payments 88

Cross-Border Payments Cross-Border Digital Currency Central Bank 88

Fintech Finance

OCTOBER 17, 2024

Paymentology , the leading global issuer processor, today announces the launch of its latest industry report, The Remittance Revolution: How to Win in Cross-Border Money Movement, developed in collaboration with renowned financial consultancy Fincog.

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Cross-Border Non-Bank Processors Issuers 89

Payments Dive

MARCH 6, 2024

The card network and the cross-border payments company are developing an international payment system that could be used in disaster situations.

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Cross-Border Payments Cross-Border International Payments Payments 166

Finextra

OCTOBER 21, 2024

In a FinextraTV interview for Sibos 2024, Chad Wallace, Global Head of Commercial Solutions, and Alan Marquard, Global Head of Transfer Solutions at Mastercard, discuss existing pain points for banks in facilitating commercial cross-border payments, including trapped liquidity and high rates of failed payments.

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Cross-Border Payments Cross-Border Transactions Visa 59

The Payments Association

AUGUST 9, 2024

Cross-border payments are the lifeblood of global trade. They fuel the import and export of goods and services, facilitate commodities and equities trading, and are vital to improving financial inclusion in the world’s poorer countries.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Financial Inclusion Blocks 88

Finextra

SEPTEMBER 9, 2024

Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.

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Cross-Border Payments Cross-Border Stablecoins SWIFT 98

Fintech News

JULY 15, 2024

Bank Indonesia (BI) and the Bank of Korea (BoK) have signed a memorandum of understanding (MOU) on cross-border payments. The agreement aims to enhance cooperation on the interoperability of cross-border payments and establish a framework for seamless connectivity between Indonesia and South Korea.

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Cross-Border Payments Cross-Border Central Bank Interoperability 116

Finextra

SEPTEMBER 20, 2024

Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is set to benefit over 636,000 merchants using M-PESA, Safaricom’s leading mobile money service.

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Cross-Border Visa Payments 97

Fintech Finance

OCTOBER 22, 2024

Temenos today launched a SaaS enterprise service for cross border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services. The service is ISO20022 ready and supports SWIFT-based flows.

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Fintech Finance

AUGUST 22, 2024

Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon ( BNY ), Australian businesses and individuals who receive international payments from BNY’s customers may now be paid in as little as 60 seconds1 regardless of who they bank with.

Cross-Border Payments 98

Cross-Border Payments Near Real-Time Cross-Border Settlement 98

Finovate

OCTOBER 21, 2024

Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. Mastercard unveiled an offering this week that will allow commercial users to make cross-border payments in near-real-time. with Lloyds Banking Group and UBS.

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Cross-Border Payments Cross-Border Visa FedNow 52

Fintech Finance

SEPTEMBER 12, 2024

The partnership is focused on enhancing cross-border payment services for e-commerce merchants in APAC. According to the State Council’s data, China’s cross-border e-commerce experienced a remarkable 15.6% significant surge in import-export volume in 2023. This was driven by a 19.6% rise in exports.

Cross-Border Payments 98

Cross-Border Payments Cross-Border APACS Payments 98

Fintech News

APRIL 11, 2024

This burgeoning sector, characterised by its complexity and diversity, demands payment solutions that are efficient and adaptable to the nuanced dynamics of cross-border trade. Amidst the APAC region’s rapid economic ascent and the explosion of digital commerce, cross-border payment practices have noticed an evolution.

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Cross-Border Payments Cross-Border APACS Payments 119

Fintech Finance

JULY 12, 2024

Cross-border payments are becoming increasingly important to international economies. The G20 roadmap for enhanced cross-border payments aims to improve the speed, access, transparency, and cost of international payments by 2030.

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Cross-Border Real Time Payments Cross-Border Payments Cross-Border Settlement 140

Fintech News

OCTOBER 22, 2024

Banking software provider Temenos has introduced a new service designed to make cross-border payments faster and more affordable. The Temenos Cross Border Payments Enterprise Service is available to banks, Payment Service Providers (PSPs), electronic money institutions (EMIs), and fintechs.

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Payments Dive

NOVEMBER 20, 2020

Cross-border payments are fraught with difficulties from long paper trails to complicated contracts/ Blockchain has emerged as a possible contender to streamline the process, however, but is it ready to tackle cross-border payments?

Cross-Border Payments 218

Cross-Border Payments Cross-Border Blockchain Payments 218

Fintech Finance

AUGUST 8, 2024

Thunes , a global money movement innovator, has now enabled hundreds of merchants in Paris to accept cross-border payments from 15 international e-wallets and mobile partners via Alipay+. Thunes offers Pay and Accept cross-border payment capabilities in over 130 countries and more than 80 currencies.

Cross-Border Payments 98

Cross-Border Payments Cross-Border SARS Alternative Payment Methods 98

The Payments Association

JULY 24, 2024

Cross-border payments, the lifeblood of global commerce, are also an Achilles heel for the majority of economies globally – both emerging and developed. Our latest white paper, User Reality vs.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Payments Economy 88

The Payments Association

SEPTEMBER 10, 2024

As the cross-border payments industry contends with de-banking and stringent regulations, can emerging technologies and alternative solutions pave the way for a more efficient and accessible global payments landscape? Read more

Cross-Border Payments 88

Cross-Border Payments Cross-Border Innovation Payments 88

The Fintech Times

FEBRUARY 26, 2024

With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market. However, CBDCs will not be the silver bullet to developing and accelerating cross-border payments. “There are some fundamental risks inherent in using CBDCs.

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Cross-Border Payments Cross-Border Digital Currency Central Bank 145

Finextra

SEPTEMBER 12, 2024

The Interledger Foundation, an organization building and advocating for an open, interoperable payment network, and Chimoney, a fintech company providing multi-currency wallets and infrastructure for cross-border payments, today announced their work to power cross-border payments between more than 130 countries worldwide.

Cross-Border Payments 87

Cross-Border Payments Cross-Border Multi-Currency Interoperability 87

Fintech News

FEBRUARY 19, 2024

In a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-Border Solutions, powered by Currencycloud, shared insights into the acquisition of Currencycloud by Visa, shedding light on the evolution of their collaboration and the impact it has had on global money movement.

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Cross-Border Cross-Border Payments Multi-Currency Payment APIs and Integration 113

Fintech News

AUGUST 7, 2024

Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong has reiterated the Monetary Authority of Singapore’s (MAS) ongoing efforts to combat cross-border payments scams. The post MAS Reiterates Robust Controls on Cross-Border Payments to Combat Scams appeared first on Fintech Singapore.

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Cross-Border Payments Cross-Border Scams Transaction Limits 106

Finextra

OCTOBER 10, 2024

Citi is working with Mastercard to enable clients to make real-time cross-border payments to debit cards.

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Cross-Border Debit Card Cross-Border Payments Visa 83

Finextra

OCTOBER 22, 2024

Temenos today launched a SaaS enterprise service for cross border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services.

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