Fintech Finance

SEPTEMBER 19, 2024

dLocal, the leading cross-border payment platform specializing in emerging markets, today announced a strategic partnership with MoneyGram, a leading global financial technology company that connects the world’s communities.

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PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. and Ireland at SWIFT. . and Ireland at SWIFT. .

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Cross-Border Payments Cross-Border SWIFT Wire Transfer 104

Nanonets

SEPTEMBER 28, 2023

= Cross-border payments have become increasingly popular as businesses and individuals alike seek to capitalize on opportunities in foreign markets. Yet, these payments can be fraught with challenges, from foreign exchange risks to compliance with local regulations. What Are Cross-Border Payments?

Cross-Border Payments 52

Cross-Border Payments Cross-Border Wire Transfer Wires 52

PYMNTS

OCTOBER 21, 2018

SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. In effect, this is already a live real-time cross-border payment, SWIFT said in the press release.

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Cross-Border Payments Cross-Border SWIFT Real Time Payments 64

Payments Source

DECEMBER 10, 2020

Bank of America has launched a cross-border payment tracker through its Swift GPI module that allows clients real-time visibility into their international payments.

International Payments 99

International Payments Cross-Border Payments Cross-Border SWIFT 99

PYMNTS

MARCH 21, 2019

SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation or gpi. SWIFT gpi enables banks to conduct end-to-end tracking of the cross-border payment.

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Cross-Border Payments Cross-Border SWIFT Payments 66

Fintech Finance

JULY 12, 2024

Cross-border payments are becoming increasingly important to international economies. The G20 roadmap for enhanced cross-border payments aims to improve the speed, access, transparency, and cost of international payments by 2030.

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Cross-Border Real Time Payments Cross-Border Payments Cross-Border Settlement 140

Fintech News

DECEMBER 11, 2023

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. They will be granted access to the Swift Challenge sandbox environment.

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Cross-Border SWIFT AI Innovation 123

PYMNTS

APRIL 3, 2019

It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. These shortcomings make the cross-border payment industry ripe for disruption and innovation.

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Cross-Border Payments Cross-Border Blockchain Distributed Ledger Technology (DLT) 92

PYMNTS

SEPTEMBER 9, 2019

On the other hand, it also means they must learn to navigate a highly fragmented and complex international payments ecosystem. Each country has its own rules and regulations dictating how businesses can make and receive payments, as well as its own, unique financial infrastructure. To learn more, download the playbook.

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Cross-Border Payments Cross-Border Real Time Payments Ubiquitous 69

Fintech Finance

MARCH 19, 2024

Swift today announced it has been selected to build a service that will reduce the risk of misdirected payments and increase defences against payment fraud, providing Australians with more confidence when sending money.

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Payee SWIFT Payment APIs and Integration Cross-Border Payments 59

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). In this case SWIFT it may not be necessary, because it will be a different kind of technological interaction,” Skorobogatova said during a virtual meeting, per RT.com.

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Central Bank SWIFT Digital Currency CBDC 142

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

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Payee SWIFT Cross-Border Cross-Border Payments 59

Fintech Finance

SEPTEMBER 18, 2024

dLocal , the leading cross-border payment platform specializing in emerging markets, today announced its strategic partnership with Ontop , a global payroll platform that facilitates salary payments from companies to remote workers around the world. for corporate transactions and as much as 6.3% for remittances.

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Payroll Cross-Border Payments Cross-Border Financial Inclusion 59

Fintech Finance

JANUARY 2, 2024

StoneX has announced that it is one of the first financial organizations to enable Swift ’s new leading-edge solution for cross-border payments. Cross-border payments have long been a complex area marked by ongoing regulatory and compliance changes, bank offline hours, and increasing competition.

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Cross-Border Payments Cross-Border SWIFT Verification 59

PYMNTS

FEBRUARY 20, 2018

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”

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ISO 20022 ISOs SWIFT Cross-Border 76

The Paypers

MAY 23, 2017

(The Paypers) SWIFT has launched a cross-border payments Tracker that enables international payments to be traced in real-time.

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Cross-Border Payments Cross-Border SWIFT International Payments 28

Fintech News

APRIL 24, 2024

According to Wise , this alliance marks T2P as the first fintech in Thailand to offer international money transfers without exchange rate mark-ups or hidden fees through its e-wallet app – DeepPocket. Taweechai Pureetip Taweechai Pureetip, CEO of T2P said, “At T2P, we aim to empower our users with seamless, convenient and fast payments.

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Cross-Border Payments Cross-Border APACS SWIFT 114

PYMNTS

OCTOBER 22, 2019

Money constantly flows across borders in the increasingly interconnected global economy, from workers overseas back to their families, and from buyers to their suppliers. Any complications cause major headaches, and international payments are often more involved and costly than those made domestically.

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Cross-Border Payments Cross-Border P2P B2B 41

Payments Source

MAY 23, 2017

Calling it a first in international payments, the Society for Worldwide Interbank Financial Telecommunication [Swift] is providing a cross-border, real-time payments tracker for banks handling global transactions.

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SWIFT International Payments Cross-Border Real Time Payments 60

Payments Source

AUGUST 8, 2018

The fact remains that the vast majority of international payments are still done via banks and through the correspondent (SWIFT) network, writes Rosie Faulkner, vice president and money laundering reporting officer at Earthport.

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Correspondent Cross-Border Payments Correspondent Bank Cross-Border 64

PYMNTS

OCTOBER 11, 2018

SWIFT announced Thursday (Oct. 11) that Santander , the retail and commercial bank, has gone live on SWIFT’s global payments innovation (gpi) service in Spain, the U.K., In a press release , SWIFT said Santander will go live in Chile and Mexico on SWIFT gpi by the end of this year. Argentina and Poland.

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SWIFT Cross-Border Payments Cross-Border Real Time Payments 55

PYMNTS

OCTOBER 21, 2020

The feature will make use of SWIFT Global Payments Innovation (gpi) technology, and help over 240,000 corporate and small and medium-sized business (SMB) clients in Singapore and Hong Kong with tracking cross-border payments and collections in real time. There won't be any extra fees.

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Cross-Border Cross-Border Payments SWIFT International Payments 72

PYMNTS

FEBRUARY 28, 2019

SWIFT announced Thursday (February 28) that more than $40 trillion has been transferred over its gpi service last year. In a press release, SWIFT said its rapid adoption resulted in the share of cross-border messages using gpi having jumped to 56 percent at the end of last year compared to 15 percent at the beginning of the year.

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SWIFT Cross-Border Payments Cross-Border Payment APIs and Integration 46

PYMNTS

APRIL 9, 2018

SWIFT ’s global payments initiative (gpi) service has a new bank on board. Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first in India to join and roll out the global payments service. SWIFT gpi significantly enhances this experience in cross-border payments by delivering a totally new standard.

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SWIFT Cross-Border Payments Cross-Border Real Time Payments 54

The Fintech Times

JANUARY 29, 2024

Yet, despite the global job market’s expansion, professionals abroad who wish to accept USD payments from US-based clients still face numerous hurdles posed by traditional payment methods. Accelerating cross-border payments for freelancers Co-founded in 2020 by former Google and Spotify executive Teymour H.

Cross-Border Payments 59

Cross-Border Payments Instant Payments Cross-Border Payments 59

PYMNTS

DECEMBER 18, 2018

SWIFT said Tuesday (December 18) that its SWIFT gpi payment service is being used for more than half of SWIFT’s cross-border traffic. The pace of its adoption since its launch in early 2017 is particularly impressive; less than two years since its launch, gpi is rapidly becoming the cross-border standard.

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Cross-Border SWIFT Cross-Border Payments Correspondent Bank 55

PYMNTS

SEPTEMBER 6, 2018

However, blockchain is also gaining ground, and currency is offering a boost to the payments infrastructure. To that end, IBM said it launched its Blockchain World Wire , billed as a cross-border payment system that is powered by the Stellar blockchain network. SWIFT, Too.

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SWIFT Payment Initiation Caps Cross-Border Payments 40

PYMNTS

OCTOBER 15, 2020

Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. Developments From Around The World of Payments Modernization. billion by the end of this year.

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Correspondent Bank Cross-Border Correspondent Cross-Border Payments 91

Payments Source

APRIL 9, 2019

National Australia Bank is utilizing the end-to-end transaction tracking system through Swift's Global Payments Innovation system, making it the first bank in Australia to allow business customers to track international payments through one click on an account platform.

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SWIFT International Payments Payments Global Payments 65

Payments Source

JULY 22, 2019

Russia and its BRICS partners are developing cross-border alternatives to U.S.-dominated dominated payments systems such as Swift, driven by the rise in cross-border trade and a desire to find non-dollar alternatives to international payments systems vulnerable to sanctions by the U.S.

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SWIFT Cross-Border International Payments Payments 76

PYMNTS

FEBRUARY 25, 2020

This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools.

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Cross-Border Payments Cross-Border SWIFT Debit Network 56

PYMNTS

OCTOBER 22, 2020

In today’s top news in digital-first banking, Unifimoney is joining forces with Nium for real-time money transfers, while Volante Technologies has landed Grupo Financiero Banorte as a new client to modernize cross-border payments. Volante Lands Deal to Modernize Banorte’s Cross-Border Payments Systems.

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Cross-Border Payments Cross-Border Fed Federal Reserve 61

PYMNTS

MAY 24, 2017

With lack of visibility into the correspondent banking system a top challenge for B2B payments, SWIFT is rolling out a way for payers to track their cross-border payments in real time. The company announced Tuesday (May 23) that its Tracker is now available to help businesses track global payments as they occur.

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PYMNTS

SEPTEMBER 26, 2019

Cross border payments — faster, and streamlined, dominated payments infrastructure headlines this past week. As reported , a new service that debuted from global messaging platform SWIFT will help deliver global instant payments, integrating SWIFT gpi into domestic instant payments systems.

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Instant Payments Cross-Border Payments Cross-Border SWIFT 43

PYMNTS

AUGUST 15, 2018

DBS India is the latest financial institution in the country to sign onto SWIFT’s global payments innovation (gpi) service, enabling corporate customers to track their cross-border payments in real-time. Reports in NewsBarons on Tuesday (Aug.

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SWIFT Cross-Border Cross-Border Payments Online and Mobile Banking 40