Finextra

JULY 8, 2025

CIPS, established under the approval of the People’s Bank of China, is a wholesale payment system dedicated to cross-border RMB transactions. This infrastructure is not just technical—it is strategic, positioning China as a pivotal player in global finance.

Global Payments 52

Global Payments Real Time Gross Settlement (RTGS) Cross-Border Cross-Border Settlement 52

PYMNTS

JULY 30, 2020

The Bank of England (BoE) is pushing ahead with an overhaul of a key part of the United Kingdom’s financial payments infrastructure. high-value payment system,” the central bank said in a press statement. payments industry,” BoE’s Cleland said.

Real Time Gross Settlement (RTGS) 63

Real Time Gross Settlement (RTGS) Digital Currency Central Bank CBDC 63

PYMNTS

JUNE 26, 2018

England’s central bank is taking a significant step in support of blockchain technology with a decision to open its real-time gross settlement (RTGS) system to distributed ledger networks. At present, cross-border payments can cost 10 times more than domestic ones.”.

Real Time Gross Settlement (RTGS) 43

Real Time Gross Settlement (RTGS) Settlement Blockchain Cross-Border Payments 43

PYMNTS

OCTOBER 11, 2017

It uses the ACI Money Transfer System and the payment processing capabilities of UP Immediate Payments to connect banks to real-time payment schemes and Real-Time Gross Settlement (RTGS), enabling FIs to deploy open API technology and support SWIFT functionality, including support of SWIFT’s global payments innovation (gpi) and SWIFTNet.

Real Time Payments 40

Real Time Payments Real Time Gross Settlement (RTGS) Payments Payment Gateways 40

PYMNTS

APRIL 8, 2020

billion) annually on remediation of failed payments and failed processing, as 2 million payments fail in Europe alone each day. As Brandli noted, in examining payments firms’ back offices, 80 percent of costs and 100 percent of risk derives from exceptions.

Real Time Gross Settlement (RTGS) 72

Real Time Gross Settlement (RTGS) ISO 20022 Cross-Border Cross-Border Payments 72

PYMNTS

NOVEMBER 6, 2018

Last year, only 25 real-time payment systems were operational worldwide — that number is growing rapidly. Demand is also heating up for real-time gross settlement (RTGS) systems. The governor of the Federal Reserve is pushing conversations on getting an RTGS system in the U.S.,

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

PYMNTS

DECEMBER 14, 2017

Several global companies recently moved forward with efforts to introduce blockchain technology as a tool to enable smoother cross-border transactions. Retail customers can now use the service to receive payments from the UAE’s RAKBANK. Meanwhile, Visa launched its own effort to improve cross-border payments.

Real Time Gross Settlement (RTGS) 46

Real Time Gross Settlement (RTGS) Cross-Border Payment APIs and Integration API 46