PYMNTS

OCTOBER 7, 2019

First Investment Bank ( Fibank ) is the first Bulgarian bank to offer the SWIFT Global Payment Initiative (gpi), according to a press release. Fibank lets its customers make international transfers in over 110 currencies. SWIFT data shows that about 36 percent of gpi transfers reach their destination within 5 minutes.

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SWIFT International Payments Correspondent Payment Message 43

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.

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B2B Cross-Border Blockchain Small Business 73

PYMNTS

MARCH 28, 2016

China has received some criticism and skepticism over its cross-border payments initiative, spearheaded as CIPS — the Cross-Border Inter-Bank Payments System. Analysts point out that the payments system operates just 11 hours a day and only out of Shanghai. and fees associated with payments using CIPS are unclear.

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SWIFT Cross-Border Cross-Border Payments Payments 40

PYMNTS

APRIL 9, 2018

SWIFT ’s global payments initiative (gpi) service has a new bank on board. Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first in India to join and roll out the global payments service.

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SWIFT Cross-Border Payments Cross-Border Real Time Payments 54

PYMNTS

SEPTEMBER 7, 2017

Payment System paper, in which the Fed outlined initiatives for the payments industry and its stakeholders to promote progress. For the Fed, progress means improving the speed, security and efficiency of the payments system, and to focus on international payments capabilities and promote collaboration within the field.

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The Fintech Times

MAY 12, 2025

As more countries and governments opt into regional and global interoperable payment initiatives, one question arises. If financial institutions (and connected non-bank FIs) can send money to any connected account on their existing rails in seconds, will stablecoins become superfluous in the cross-border payment scene?

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Stablecoins Interoperability Cross-Border Cross-Border Payments 45

PYMNTS

MARCH 17, 2016

The company, which uses a hybrid of blockchain technology and other payment rail infrastructure to enable cross-border payments, said it will look to capitalize on the demand spike for global payment services during the Olympic games, where hundreds of thousands of people will flock from all over the globe.

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Cross-Border Payments Cross-Border Blockchain Payments 40

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.,

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Faster Payments Cross-Border Cross-Border Payments Payments 41

The Fintech Times

SEPTEMBER 26, 2024

Redpin , the embedded software solutions and international payments company, has unveiled a new leadership team. Partnerships Trulioo has expanded its partnership with global payments platform Airwallex to enhance compliance and fraud prevention across 181 countries.

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FinTech Payment APIs and Integration Fraud Detection Fraud Prevention 64

Fintech Review

MARCH 5, 2025

The cross-border payment industry is ripe for disruption, and change is no longer a question of if… but when. How Cross-Border Payments Work International payments rely on a network of correspondent banks. Banks apply hidden markups, making international payments even more expensive.

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Cross-Border Payments Cross-Border Correspondent Bank Correspondent 76