The Payments Association

DECEMBER 18, 2024

Jeff Parker, CEO, says, “Digital payments will continue to grow rapidly, with mobile wallets expected to reach 4.8 billion users by 2025, nearly 60% of the global population. Key trends will include the acceleration of cross-border, real-time and instant payments and the rise of cashless economies.

Cross-Border

The Payments Association

JANUARY 21, 2025

Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.

Payments Trends

Finextra

JULY 16, 2025

0 16 July 2025 Be the first to comment John Bertrand MD Tec 8 Limited Location London Followers 9 Opinions 66 Follow Unfollow Overview People like real time (RTP: instant) payments. Economies where instant payments are used grow a minimum of 1 to 3% per annum. To cover modern payments needs this has not helped.

Cross-Border Payments

Fintech News

FEBRUARY 28, 2025

Yet, despite the rise of instant domestic payments, cross-border transactions remain slow, costly, and inefficient. Domestic instant payment systems (IPS), such as Malaysias DuitNow and Singapores PayNow, have revolutionised payments within their respective countries.

Cross-Border Payments

Stax

MARCH 27, 2025

Wire transfers cost from $24 (domestic transfers) to $44 (international payments) on average10 times higher than ACH. Some digital wallets and P2P payments also charge merchant fees. On the other hand, the speed and flexibility of other EFT methods would fit your needs if: You need to settle same-day or instant payments.

ACH

Fintech Finance

OCTOBER 21, 2024

Over the past year Wise Platform , Wise’s global payments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint.

Cross-Border

PYMNTS

SEPTEMBER 16, 2019

trillion global payments market with free services, banks could lose as much as $280 billion in revenue by 2025, according to an Accenture report and press release circulated on Monday (Sept. Free transactions are expected to put 8 percent of payments revenue at risk, according to the report. percent of payment revenues.

Instant Payments

PYMNTS

DECEMBER 4, 2018

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA ).

Instant Payments

Fintech Finance

JULY 3, 2024

Network International (Network) , the leading enabler of digital commerce across the Middle East and Africa (MEA) region, in partnership with NPCI International Payments Ltd. NIPL), has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments across Network’s point-of-sale (POS) terminals in the UAE.

Point-of-Sale (POS)

PYMNTS

MARCH 7, 2018

Cambridge Global Payments , a unit of FLEETCOR and a provider of international payments and foreign exchange transactions, announced news on Tuesday (March 6) that it is aligning with Qwil to provide customers with advance payment capabilities. trillion to the economy.

Global Payments

Fintech News

DECEMBER 10, 2023

This approach is not limited to domestic payments but is especially relevant to international transactions, which often involve a complex web of correspondent banks. The challenge in international payments primarily revolves around ensuring data accuracy at every step of the payment chain.

Addressing

PYMNTS

MARCH 21, 2019

SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation or gpi. More than 3,500 banks, accounting for 85 percent of SWIFT’s total payments traffic, have committed to adopting gpi.

Cross-Border Payments

PYMNTS

NOVEMBER 28, 2017

India’s Axis Bank has launched its instant, cross-border payments solution less than a year after announcing a collaboration with blockchain technology firm Ripple. 27) that its global payments service, which uses Ripple’s blockchain infrastructure, is now up and running. The bank announced news on Monday (Nov.

Real Time Payments

The Fintech Times

MAY 20, 2024

This system hopes to significantly improve the customer’s user experience, facilitate the creation of new use cases, and enable the development of highly innovative payment services that compete with new players in the international payments sector.

Process

The Fintech Times

DECEMBER 21, 2023

The payments industry is undergoing a profound transformation, driven by technological advancements and shifting market dynamics. With real-time global payment networks spanning hundreds of currencies and numerous countries, the sector is poised for significant changes.

Cross-Border

Fintech Finance

JUNE 5, 2024

iPiD (International Payment Identity), a pioneer in global fintech, announced it has secured USD 5.3 They are joined by global fintech venture funds QED Investors and Quona Capital, alongside existing partners Jungle Ventures, 1982 Ventures, Saison Capital and Resolution Ventures.

Payee

PYMNTS

SEPTEMBER 16, 2019

The global payments company is making disbursements faster to Erie Insurance and PNC Bank customers. Startups, Instant Payments Could Put $280B In Global Payments Revenue At Risk For Banks. trillion global payments market with free services. Visa, Insurers Partner On Real-Time Claims Payouts.

Federal Reserve

PYMNTS

JULY 6, 2018

“Gone are the days of making frequent payments, such as payroll or expenses, one by one and re-entering the same information every time,” Centtrip said in an announcement on its website, adding that individual transactions can waste time and expose a business to inaccurate payments.

Payroll

PYMNTS

DECEMBER 6, 2017

As the financial services industry takes a look back at 2017, a few milestones stand out: the progress of faster and instant payment initiatives. And, much to the relief of corporates, the continuing focus on B2B payments innovation. The evolution of blockchain-based services. Collaboration between FinTechs and banks.

B2B

The Fintech Times

MAY 12, 2025

As national payment infrastructures become more interoperable and networked on a regional, and soon global, scale, stablecoins may start to lose their perceived ‘indisputable’ advantages in the cross-border sector. Will the rug be pulled from under stablecoins by incumbent instant payment schemes?

Interoperability

PYMNTS

MAY 31, 2016

It’s an insight that stems from the firm’s initial focus in moving payments internationally for charities and disaster relief operations, he said. These are the types of international payments that need to land in a country in both local currency and others, like the U.S. “In the U.S., is pretty impressive.

Faster Payments

PYMNTS

SEPTEMBER 20, 2019

Startups, Instant Payments Could Put $280B in Global Payments Revenue at Risk for Banks. Financial institutions currently control the international payments sector — anticipated to reach $2 trillion globally by 2025 — but startups will continue to crowd the market, taking 15 percent of banks’ revenues.

FBI

PYMNTS

OCTOBER 30, 2018

Klarna is teaming up with Shopify by bringing its pay now and pay later product, called Sofort, to Shopify Payments for German merchants, the companies said in an announcement. Pay now allows shoppers to make instant payments by bank transfers, while pay later allows them to pay for products without interest or fees up to 30 days later.

Online and Mobile Banking

PYMNTS

JULY 4, 2018

Facilitating international payments is no easy task, especially in the corporate realm, where the market is slated to reach about $23 trillion in 2020. delved into the use of virtual corporate cards to make cross-border payments reconciliation a bit less frenzied.

Research

PYMNTS

SEPTEMBER 24, 2019

For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move money around the world. Below, PYMNTS looks at the latest news in cross-border payments innovation as industry players complete, collaborate and innovate.

SWIFT

Fintech News

FEBRUARY 23, 2025

Global payments infrastructure provider Nium has expanded its real-time payment network to include Australia. This enables businesses to process instant cross-border payments to Australian bank accounts and PayIDs. said Alexandra Johnson, Chief Payments Officer at Nium.

Instant Payments