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Multi-currency account provider Centtrip is introducing a way for corporates to make and receive faster cross-border payments. based company, which provides global payments, foreign exchange (FX) and banking services, announced its real-timepayments solution on Wednesday (April 18).
While each of the aforementioned countries has advanced their digital payment infrastructures, the US has lagged behind. In fact, in 2023 , real-timepayments only made up one per cent of all payments in the country. What is actually popular?
“Because of the multicurrency aspect of our account, it also [means] the artist could … receive [her] revenue in the currency of the area [she is] in.”. These clients can then make individual or batch payments from each sub-account. They can manage multiple accounts to one interface,” Jamieson said.
Speed of payments changes the fraud equation, and the balance that needs striking. Edwards termed real-timepayments “an ACH killer … it’s moving today’s batch process of banks exchanging files with each other to a Federal Reserve centric masteraccount to an ‘instant’ way for banks to do it.”.
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