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Paymentsmessaging firm SWIFT has taken recent steps to promote interoperability of its paymentsnetwork, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions. Across the pond, meanwhile, the U.S.’s
Last week, seven European payments operators announced the European Mobile Payment System Association initiative, a new pan-European network focused on cross-border mobile payments.
In 2017, the European Payments Council launched the pan-European Single Euro Payments Area ( SEPA ) Instant Credit Transfer System, and Southeast Asian countries Indonesia, Malaysia, Singapore, Thailand and Vietnam agreed to establish a real-time cross-border paymentsnetwork. and Australia’s NPP. innovations.
Payment rails are undergoing significant innovation, a trend that promises to continue into the 2020s in various areas. Earlier this year, for instance, Visa launched Visa B2B Connect , an end-to-end paymentsnetwork, across more than 30 countries to start. It also gained control of Earthport , having bought the U.K.-based
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