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UOB and its wholly owned subsidiary UOB China have signed agreements to become direct participants of China’s Cross-border Interbank Payment System (CIPS). This strengthens their ability to support cross-border renminbi (RMB) transactions.
Global payments network Thunes has announced a collaboration with Circle , the issuer of regulated stablecoins USDC and EURC. This partnership aims to enhance stablecoin liquiditymanagement in cross-borderpayments. said Jeremy Allaire, Co-founder and CEO of Circle.
Centiglobe , a leading fintech company specializing in cross-borderpayment infrastructure solutions, today announces a new collaboration with Mastercard Move – Mastercard’s portfolio of global money movement solutions. Unlike traditional cross-borderpayment models, Centiglobe does not charge per transaction.
This collaboration makes Nium the first fintech payment service provider to join the Partior network, unlocking new capabilities such as programmable enterprise liquiditymanagement and Just-in-Time multi-bank payments for financial institutions.
By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time international payments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.
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-borderpayment practices have noticed an evolution.
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.
Cross-borderpayments are becoming increasingly important to international economies. The G20 roadmap for enhanced cross-borderpayments aims to improve the speed, access, transparency, and cost of international payments by 2030.
OCBC Bank and Ant International have announced a strategic partnership aimed at streamlining cross-border fund settlements using tokenised deposits and leveraging advanced encryption and AI. The collaboration will prioritise enabling real-time payments between Singapore and Malaysia, 24/7, via Ant International’s Whale platform.
Today, Ripple , the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction , the global leader in cross-borderpayments solutions for regulated institutions. The post Ripple Partners With Clear Junction to Enhance UK and EU Cross-BorderPayments appeared first on Fintech Finance.
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-BorderPayments in a Faster Payments World.
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.
Businesses can also process US dollar wire transfers to more than 170 countries and make payments in over 30 currencies, including USD, EUR, and CNY. Businesses can pay suppliers in their local currencies, helping to lower exchange rate and reconciliation costs, with clear references for each payment.
. “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.”
The new Embedded Finance segment deepens Ant International’s ecosystem by offering a rich array of FX, treasury management, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses. connecting over 90 million merchants in 66 markets to 1.6 billion user accounts.
DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquiditymanagement solution, in collaboration with Ant International.
Ondo Finance announced today that it will be the first provider to bring real-world assets (RWA) to the Mastercard Multi-Token Network (MTN), a digital network connecting financial institutions with businesses to improve cross-borderpayment experiences.
Following a new partnership between Centiglobe , the cross-borderpayment infrastructure solutions provider, and Mastercard Move , Mastercard s portfolio of global money movement solutions, customers using Centiglobe’s blockchain-based payments platform will now be able to use Mastercard Move through a single integration.
Powered by Airwallex’s global financial infrastructure and payments capabilities, Panax customers can now directly execute cross-borderpayments and foreign exchange (FX) transactions within the Panax platform.
From a Press Release dated June 3, 2025, New York, New York ThetaRay , a global leader in cognitive AI compliance for financial crime, and Spayce , a next-generation cross-borderpayments platform, have announced a strategic partnership to address evolving financial crime threats and enhance the security of international payments.
Mastercard launched Move Commercial Payments , a real-time cross-borderpayments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. with Lloyds Banking Group and UBS.
“In Türkiye, installment payments via credit cards have been a standard practice, regardless of the amount, for a very long time. In addition to the desire for cashless trade driven by digitalization, the global requirement for liquiditymanagement makes the installment payment system a necessity.
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.
In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border. An estimated $10 trillion in B2B payment flows move across border every year, yet only a small fraction of that volume is digital. Marrying Payments With Data.
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.
FinTechs are gaining traction in cross-borderpayments, and solutions are proliferating in the space to help firms manage foreign exchange (FX) risk as they also seek speed and security across payments. Along with real-time conversions comes the need for real-time FX volatility management.
Vincent Chok , CEO at First Digital “2025 is undoubtedly going to be a breakout year for stablecoin adoption, with businesses increasingly looking for solutions that address regional challenges like cross-borderpayment friction and currency volatility,” explained Vincent Chok , CEO at First Digital.
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.
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquiditymanagement, in collaboration with Ant International.
These businesses often favour jurisdictions with more aligned and predictable legal standards, which could significantly impact PSPSPs’ cross-borderspirations or operations. This will require operational safeguards and possibly stricter liquiditymanagement to meet new compliance benchmarks.
This integration connects local payment rails (such as Brazil’s PIX) directly to global USDC liquidity, facilitating faster, cheaper, and more transparent cross-borderpayments without the need for banks to build new infrastructure from scratch 1 2 4 6.
Integrating with PCBB’s payment services means access to straight-through processing of foreign wire transfers, Swift GPI tracking, and enhanced transparency into payment statuses. The post PCBB and Finzly Partnership Boosts International Payment Services appeared first on FF News | Fintech Finance.
RTGS.global , the next generation settlement company revolutionising cross-borderpayments, has today announced the launch of a unique solution for Payment Service Providers (PSPs) that will enable them to offer cheaper and faster international payments to their retail and corporate customers.
Companies like Banking Circle are powering banks and fintechs with seamless, interoperable solutions to transact across borders.” “We Banking Circle Group offers cross-borderpayments, accounts, and liquiditymanagement to meet companies’ global financial needs. We share FTA’s commitment to ensuring the U.S.
Payment Rails is making its official step into the cross-borderpayments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec.
This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.
The immediate safeguarding of funds could strain liquidity for smaller firms, requiring adjustments to workflows and potentially increasing reliance on credit facilities. Statutory trusts, while beneficial for legal clarity, may prolong insolvency proceedings and introduce additional legal complexities, especially for cross-border operations.
Companies such as Siemens and iFAST Financial have benefited from the platform through Standard Chartered, gaining better access and control of their working capital, constant availability, and faster, more seamless payment flows. We see a very bright future for blockchain-based frictionless, cross-border transactions.
RTGS.global, a settlement company focused on enhancing cross-borderpayments, is celebrating a significant milestone with the successful completion of an inaugural instant settlement cross-border transaction via its global network.
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.
As FinTechs step into the cross-borderpayments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. Payments, Cross-Border and Over the Phone.
The new guideline, developed by the FPC’s Operational Considerations Work Group, sponsored by Endava , dives deep into the practical considerations FIs must address to successfully implement instant payments, from liquiditymanagement to fraud mitigation, business continuity, and staffing requirements. The post U.S.
Another factor is the regulatory requirements in many markets that historically necessitate paper documentation for cross-border movements of funds. The pandemic provided us greater opportunity to work with regulators to create digital solutions,” said Kanthadai. “We
The landmark partnership, which is already live in South Africa, leverages Volante’s Payments as a Service (PaaS) and Embedded Preprocessing , which works alongside current infrastructure, centralising multiple payment formats and standards into a consolidated system.
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