Cross-Border Interoperability Real Time Gross Settlement (RTGS) 
Fintech News
JULY 31, 2025
Cross-border payments are the fundamental infrastructure that facilitates the flow of money within an increasingly interconnected global economy, underpinning commerce between individuals, businesses, and governments worldwide. These efforts lay the foundation for broader regional economic integration.
Finextra
JULY 30, 2025
Fedwire, the Real-Time Gross Settlement (RTGS) service operated by the Federal Reserve and the backbone of high-value, time-critical interbank transfers, finally went live with ISO 20022 messaging on July 14, 2025. Many cross-border payment networks, including SWIFT CBPR+, are also actively migrating.
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The Payments Association
JUNE 9, 2025
It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. RT2 offers four key advancements: enhanced resilience, expanded access, wider interoperability, and improved functionality. What’s next?
Finextra
JUNE 11, 2025
Early Electronic Initiatives (late 1980s/early 1990s): Limited electronic fund transfers began to emerge, mainly within banks or for specific corporate clients, but were not widely interoperable. UPI enabled real-time, instant payments across multiple bank accounts via a single mobile application.
Finextra
JULY 8, 2025
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?
Finextra
JUNE 30, 2025
They will need to co-exist with existing clearing and settlement processes and infrastructures, and this means interoperability is crucial. The potential applications and use cases DLT-based digital currencies introduce a new settlement mechanism for faster, lower cost and more efficient transactions. billion in April.
Fintech Finance
OCTOBER 21, 2024
The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). KEPSS, which is Kenya’s Real-Time Gross Settlement (RTGS) system, is operated by CBK to process large-value and time-critical payments.
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