Fintech News

MAY 5, 2025

XWeave , a startup developing infrastructure for stablecoin-based cross-border payments, has raised US$3 million in seed funding. The company is also in talks with regional fintechs and global merchant platforms to integrate real-time cross-border settlement into their products.

Cross-Border Payments 81

Cross-Border Payments Cross-Border Stablecoins Cross-Border Settlement 81

Fintech News

NOVEMBER 3, 2024

MAS is expanding its Global Layer One (GL1) initiative to support cross-border transactions of tokenised assets. Access to a common settlement facility is also being facilitated through the SGD Testnet, featuring S$ wholesale central bank digital currency (CBDC) for market testing.

CBDC 114

CBDC Settlement Digital Currency Cross-Border 114

The Fintech Times

NOVEMBER 8, 2024

The solution, dubbed UBS Digital Cash, aims to increase the transparency and security of cross-border payments with blockchain-based payments. Cross-border payments often lead to delayed settlements, creating a fragmented view of liquidity positions for companies.

Cross-Border 59

Cross-Border Cross-Border Payments Blockchain Payment Solutions 59

Fintech News

JUNE 16, 2025

As the global demand for faster, more affordable, and increasingly transparent cross-border payments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. What is Project Nexus, and how does it address today’s cross-border payment challenges?

Cross-Border Payments 65

Cross-Border Payments Cross-Border APACS ISO 20022 65

The Payments Association

JUNE 9, 2025

RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important? What’s next?

ISO 20022 88

ISO 20022 Payment APIs and Integration ISOs Interoperability 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.

Cross-Border Payments 145

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

Finextra

JULY 8, 2025

Joining FinextraTV at the EBAday 2025 in Paris, Sean Devaney, Vice President of Strategy for Banking and Financial Markets, CGI added to the ongoing conversations surrounding cross-border payments.

Interoperability 52

Interoperability Cross-Border Payments Cross-Border SWIFT 52

Fintech News

NOVEMBER 5, 2024

Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. The partnership allows financial institutions to connect with Nium for faster, more transparent cross-border payments.

Cross-Border Payments 126

Cross-Border Payments Cross-Border Multi-Currency Real Time Payments 126

Fintech News

JANUARY 9, 2025

The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system. Addressing interoperability, scalability, and security challenges, Indonesia sets a global example for nations exploring similar initiatives.

Distributed Ledger Technology (DLT) 124

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 124

The Fintech Times

JUNE 22, 2025

Challenges such as high transaction costs and opaque exchange rates have been prevalent in Africa over the last few years, meaning that establishing strong cross-border payment avenues has been tough. African borders are starting to matter less; this is Onafriq ‘s goal.”

Cross-Border Payments 49

Cross-Border Payments Cross-Border Finance Settlement 49

The Payments Association

JUNE 3, 2025

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Das added that improved liquidity due to streamlined settlement processes will reduce the need for intermediary currencies and lower the transaction costs.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

Fintech News

OCTOBER 17, 2024

The Bank for International Settlements (BIS) has launched Project Aperta , an initiative aimed at improving open finance interoperability, reducing frictions, and cutting costs in global finance. These differing standards hinder cross-border data flow. These differing standards hinder cross-border data flow.

Cross-Border 114

Cross-Border Finance Security Interoperability 114

Fintech News

JUNE 12, 2024

Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. The G20 Roadmap for Enhancing Cross-border Payments of the Financial Stability Board (FSB) also lists them as a key priority for enhancing such payments.

Cross-Border Payments 118

Cross-Border Payments Cross-Border Interoperability Payments 118

Fintech News

SEPTEMBER 10, 2024

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. Public-private collaborations also play a critical role in developing and promoting cross-border payments.

Cross-Border Payments 107

Cross-Border Payments Cross-Border APACS Interoperability 107

The Fintech Times

NOVEMBER 6, 2024

” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

Fintech News

NOVEMBER 12, 2024

However, challenges remain, particularly regarding interoperability. To address this, stakeholders including NETS Group and Liquid Group are working on interoperable QR payment solutions that are designed to simplify processes for merchants, Chia said.

FinTech 107

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 107

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.

Near Real-Time 98

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

Fintech News

DECEMBER 22, 2024

The year saw nearly universal adoption of cashless payments and milestones in cross-border payment linkage initiatives, notably through Project Nexus. Cross border payments and digital advances in Singapore Singapore has made advancements in digital payments and emerging challenges in cross-border interoperability.

FinTech 110

FinTech Cross-Border Payments Cross-Border Money Laundering 110

The Fintech Times

NOVEMBER 4, 2024

These are: Liquidity Foundational infrastructure Standardised frameworks and protocols Common settlement assets Phase one – liquidity The first phase of MAS’ plan to advance tokenisation in financial services is to deepen the liquidity of tokenised assets through the formation of commercial networks.

Authorization 83

Authorization CBDC Multi-Currency Settlement 83

Fintech Finance

JUNE 18, 2024

Instant cross-border payments processed by STET , one of the leading European clearing and settlement systems, (CSM) and ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, have reached a new record high.

Cross-Border 98

Cross-Border Cross-Border Payments Transactions Instant Payments 98

The Payments Association

FEBRUARY 17, 2025

Real-time cross-border payments: Redefining global remittances For migrant workers and cross-border businesses, sending and receiving money across borders has historically been expensive and slow. trillion business opportunity by 2025.

Innovation 88

Innovation Cross-Border Financial Inclusion Payment APIs and Integration 88

Fintech Finance

JUNE 11, 2025

Whalet , a leading digital payment provider, has announced a strategic partnership with TerraPay , a global money movement company, to deliver seamless cross-border payout solutions worldwide. The integration will streamline transactions, reduce settlement complexities, and enhance operational efficiency for SMEs.

Cross-Border 52

Cross-Border SARS Multi-Currency APACS 52

Fintech News

MAY 19, 2025

Ripple, a contributor to the XRP Ledger, is working with StraitsX to advance enterprise-grade infrastructure for cross-border value transfer. With Asias cross-border commerce projected to surpass US$4 trillion by 2030, StraitsX said the move supports growing demand for trusted, compliant digital assets across interoperable ecosystems.

Stablecoins 81

Stablecoins Cross-Border APACS Interoperability 81

Trade Credit & Liquidity Management

JUNE 24, 2025

This integration connects local payment rails (such as Brazil’s PIX) directly to global USDC liquidity, facilitating faster, cheaper, and more transparent cross-border payments without the need for banks to build new infrastructure from scratch 1 2 4 6. With USDC fully backed by liquid USD assets and redeemable 1:1 for U.S.

Stablecoins 52

Stablecoins Multi-Currency Interoperability Cross-Border Payments 52

The Payments Association

JUNE 3, 2025

Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments.

Security 88

Security Payment Security Payment APIs and Integration Credential 88

Faster Payments Council

JUNE 13, 2021

Developed by the FPC Cross-Border Payments Work Group, this white paper addresses use case and experience requirements for cross-border faster payments, particularly along the dimensions of speed, cost, ubiquity, transparency, and risk. View the Document

Cross-Border 68

Cross-Border Faster Payments Cross-Border Payments FPC 68

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.

Message Standards 98

Message Standards Real Time Gross Settlement (RTGS) Settlement Cross-Border 98

Finovate

MAY 22, 2025

Circle has launched the Circle Payments Network (CPN) to modernize the $190 trillion cross-border payments market with blockchain-based, near-instant settlement. With CPN, Circle is hoping to disrupt the $190 trillion cross-border market and bring stablecoins mainstream for cross-border payments.

Payment Networks 52

Payment Networks Cross-Border Payments Cross-Border Stablecoins 52

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. To date, Conduit has saved clients over 60,000 hours in settlement times and generated fee savings worth over $55 million.

Cross-Border Payments 81

Cross-Border Payments Cross-Border Stablecoins SWIFT 81

Fintech Finance

JUNE 17, 2024

The project will provide insights on how operators of real-time gross settlement (RTGS) systems could enable interoperability with new payments technologies, such as distributed ledger technology (DLT). The experiments will take place towards the end of 2024.

Distributed Ledger Technology (DLT) 97

Distributed Ledger Technology (DLT) Real Time Gross Settlement (RTGS) Settlement Interoperability 97

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. Privately-owned companies are also looking to solve the cross-border payments problem.

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

Fintech News

DECEMBER 11, 2023

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.

CBDC 111

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 111

Faster Payments Council

JUNE 28, 2021

billion by 2024 – cross-border faster payments is an area that still needs some work. Today, cross-border transactions represent a trillion-dollar market. Data suggests that total global cross-border payment flow will top $156 trillion by 2022. At the FPC, we are tackling this issue head on.

Cross-Border 68

Cross-Border Faster Payments Cross-Border Payments FPC 68

PYMNTS

NOVEMBER 9, 2016

We don’t talk about sending emails cross-border, even though that is what we are all doing when we send emails to our pals in India or Turkey or the U.K. We live in a time where open networks and software platforms have enabled interoperability of communications, media sharing, content and information discovery.

Cross-Border 75

Cross-Border Cross-Border Payments Interoperability Multi-Currency 75

Finextra

JUNE 11, 2025

Clearing houses, often managed by the RBI or lead banks, facilitated the physical exchange and settlement of cheques. 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.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

Fintech Finance

AUGUST 20, 2024

TerraPay , a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Interoperability Payments 52

PYMNTS

JULY 31, 2019

So, why do cross-border payments present so many challenges? For example, if, in a particular market, different transaction limits apply for consumer versus business remittances, or for domestic versus cross-border transactions, we can provide these custom controls. Currently, there are 0.7 B2B Takes a Cue from Consumers.

Cross-Border Payments 72

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