Remove Cross-Border Payments Remove Interbank Settlement Remove Real Time Payments
article thumbnail

2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Growth : In regions such as Southeast Asia and Latin America, bank transfer payments have grown by 20% annually due to increasing banking access. Faster Payments (U.K.), Wholesale CBDCs focus on interbank settlements, enhancing security and efficiency in large transactions between financial institutions.

article thumbnail

Fintech in Singapore: 2023 in Review

Fintech News

Singapore furthers payment innovation aspirations 2023 also saw Singapore advance its payment innovation ambitions, particularly in the realms of electronic payments and cross-border payment capabilities. SGQR+ aims to increase the number of payment methods that merchants can accept.

FinTech 107
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Peru Taps Vocalink In Payments System Overhaul

PYMNTS

“The partnership is Vocalink’s first fully managed service in Latin America, which will ensure that we continue to provide our payments expertise long after we have implemented the new infrastructure,” said Vocalink CEO Paul Stoddart in the release. the release noted, and the real-time mobile transfer systems in Singapore and Thailand.

article thumbnail

A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments.