Remove Interoperability Remove Liquidity Management Remove On-Demand
article thumbnail

RT2: A strategic transformation for UK payment providers

The Payments Association

It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. RT2 offers four key advancements: enhanced resilience, expanded access, wider interoperability, and improved functionality. Why is it important? What’s next?

article thumbnail

Playing a strategic role in the future of payments

The Payments Association

Partnerships with organisations such as Swift and Visa are central to this strategy, particularly in regions like APAC where liquidity management and currency diversity present challenges. Bottomline’s connectivity solutions are designed to support these goals through flexible routing and network interoperability.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

The demand for secure, fast, and modern payment solutions has been pressing. By introducing the SOMQR standard and establishing the Somalia Payment Switch (SPS) as the scheme manager and operator, CBS aims to reduce reliance on cash, ensure interoperability, and expand financial services across the country.

article thumbnail

Optimising Cross-Border Payments Globally: Shaping the Economy of Tomorrow

Fintech News

This reflects a surging demand for seamless and efficient systems that support international commerce. The adoption of ISO 20022 messaging standards enhances data quality, compliance, and interoperability, which are crucial for establishing a universal and scalable payments infrastructure.

article thumbnail

Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

The demand for secure, fast, and modern payment solutions has been pressing. By introducing the SOMQR standard and establishing the Somalia Payment Switch (SPS) as the scheme manager and operator, CBS aims to reduce reliance on cash, ensure interoperability, and expand financial services across the country.

article thumbnail

New Era for Payments in Somalia: Somalia Payment Switch Launches Instant Payment System

The Fintech Times

As a result, the demand for secure, fast, and modern payment solutions has been pressing. By introducing the SOMQR standard and establishing the Somalia Payment Switch (SPS) as the scheme manager and operator, CBS aims to reduce reliance on cash, ensure interoperability, and expand financial services across the country.

article thumbnail

Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments

The Fintech Times

Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.” Ant International is also working with StraitsX to enable the efficiency and interoperability of payments made via PBM through the Whale platform, Ant International’s treasury management solution.