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. Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments.

CBDC

The Payments Association

MARCH 19, 2025

The high price of legacy in a payments-first world Banks that continue to rely on legacy infrastructure face mounting challenges: Limited scalability: Legacy tech wasnt built for real-time, cross-border, 24/7 payments or seamless integration with regional schemes.

Payment APIs and Integration

Fintech Finance

APRIL 24, 2024

With just over 18 months to go until the ISO 20022 compliance deadline, leading Quality Engineering company, Roq , is urging UK financial institutions to take the necessary measures now to finalise their plans and focus on the execution of a programme that is, by all published metrics, some way behind the curve.

ISO 20022

Fintech News

OCTOBER 20, 2024

Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable.

Cross-Border Payments

Fintech Finance

NOVEMBER 8, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.

Cross-Border Payments

Fintech Finance

JANUARY 11, 2024

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-Border Payments in a Faster Payments World.

Cross-Border Payments

PYMNTS

NOVEMBER 27, 2019

According to Tom Halpin, head of payment products at HSBC , faster and real-time payment services don’t only provide the value of speed for corporate clients, especially in the context of cross-border transactions. Progress in Tackling Cross-Border Payments Friction.

ISO 20022

Fintech Finance

OCTOBER 21, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network.

Real Time Payments

PYMNTS

AUGUST 16, 2019

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable.

Cross-Border Payments

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made. So, what’s the problem? What’s Changing?

Cross-Border Payments

The Paypers

OCTOBER 18, 2023

The Australian Payments Network (AusPayNet) has introduced ISO 20022 data requirements for cross-border payments.

ISO 20022

Fintech News

NOVEMBER 5, 2024

Project Nexus is designed to enhance cross-border payment efficiency by linking various domestic instant payment systems on a global scale. The regulator will explore potential connections between its TARGET Instant Payment Settlement system and other fast payment networks.

ISO 20022

The Payments Association

MAY 16, 2025

As the industry moves toward real-time infrastructure, payment networks must tackle their biggest challenge yet: ensuring true, irreversible finality. The risks of legacy settlement logic Payment networks still rely on response codes to indicate transaction statusan outdated approach in a real-time environment.

ISO 20022

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. Mixed Demand and ISO 20022. and Australia’s NPP.

Interoperability

Fintech Finance

MAY 22, 2025

This enterprise-wide initiative is a cornerstone of our Forward30 Strategy, built to future-proof operations, accelerate digital convergence, and deliver seamless, secure, and intelligent payment experiences for both consumers and businesses.

ISO 20022

The Paypers

MAY 7, 2020

Cross-border payments network Ripple has become part of the ISO 20022 standards body, becoming one of its first members focused on distributed ledger technology (DLT).

ISO 20022

PYMNTS

AUGUST 16, 2019

Corporate leaders want cross-border systems to deliver that same level of responsiveness. The cross-border payment space is ready — and perhaps overdue — for disruption. Change is being fueled by shifting regulations and emerging digital technologies that enable faster payment capabilities.

Cross-Border Payments

PYMNTS

AUGUST 1, 2019

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”.

Interoperability

Fintech Finance

MAY 21, 2024

Swift has today set out plans to help financial institutions streamline the cross-border payments experience for their corporate customers, by extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labelled tracking services that can be activated for customers at the click of a button.

ISO 20022

PYMNTS

MARCH 17, 2020

To that end, Vincent Caldeira, chief technologist for FSI in APAC for Red Hat told PYMNTS, FIs — especially incumbent FIs — are facing rapid changes in payments that demand they modernize payments processing, embedding new functionality along the way. The Need For Standardization In Cross-Border Payment Processing.

Cross-Border

PYMNTS

OCTOBER 15, 2020

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes. Real-time payment is also is finding traction in the gig economy, allowing employees to be paid on a regular basis, even daily.

Real Time Payments

The Paypers

OCTOBER 18, 2023

Australian Payments Network (AusPayNet) has announced that it plans to align with ISO 20022 data requirements for cross-border payments.

ISO 20022

PYMNTS

DECEMBER 12, 2019

What the payments ecosystem must also manage is the conundrum of future-proofing real-time payments solutions versus developing tools that have immediate applicability to contemporary problems. An embrace of global standards like the ISO 20022 messaging standard will be key, said Killam. Learning from World Peers.

RTP

Evolve Payment

SEPTEMBER 29, 2023

More Instant Peer-to-Peer (P2P) Payments Waiting days for payments to clear will become a thing of the past in 2024. Instant payments will become the norm, enabled by technologies like real-time payment networks and blockchain.

Industry Trends

Segpay

JUNE 13, 2024

However, the EU’s journey towards real-time payments across the EUROzone began with establishing the Single Euro Payments Area (SEPA), which harmonized electronic payments across member states, making cross-border transactions as easy and cost-effective as domestic ones.

FedNow

PYMNTS

AUGUST 2, 2018

But in the world of contextual banking , we’re likely a lot closer than we’ve been, even in a world where corporate payments still cross borders and move from bank to bank through what is largely a black box process. The desire, in short, is to know where things are when it comes to cross-border, cross-bank activity.

B2B

Fintech News

JANUARY 22, 2025

B2B payments service provider Bottomlines Competitive Banking Survey and Report 2024 highlights that 26.8% While domestic payment innovation is advancing, the region faces persistent challenges in addressing cross-border complexities and meeting evolving customer expectationsissues shared by global counterparts as well.

Real Time Payments