Monoova executes a cross-border settlement using the Australian CBDC
The Paypers
MAY 31, 2023
Australia-based Monoova has successfully completed the first real-world cross-border settlement using the Australian dollar CBDC.
Cross-Border Settlement Related Topics 
RTGS.global Completes First Instant Cross-Border Settlement Between Georgia and Tajikistan
The Fintech Times
DECEMBER 6, 2023
The post RTGS.global Completes First Instant Cross-Border Settlement Between Georgia and Tajikistan appeared first on The Fintech Times.
Standard Chartered Utilises Blockchain for Cross-Border Transactions Between Hong Kong and Singapore
The Fintech Times
MAY 15, 2024
. “The bank’s integration of Euro-denominated settlements between Hong Kong and Singapore, via Partior, is not just a testament to its technological advancement but a beacon for the future of seamless, secure, and efficient global payment systems.”
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Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024
Fintech News
NOVEMBER 12, 2024
Nexus, now overseen by the newly created Nexus Scheme Operator (NSO) , aims to establish a unified framework for seamless cross-border payments by addressing interoperability challenges between different national systems.
Cross-Border Real-Time Payments Make Tangible Progress as Over 50% Consumers Use Them, Says GlobalData
Fintech Finance
JULY 12, 2024
The failure of pan-Nordic initiative P27 illustrates the challenge of collaborating on and executing the vision of a cross-border settlement scheme across jurisdictions. Hatton concludes: “Simplicity and speed of the transfer process is the most important factors for consumers when choosing a cross-border payment provider.
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Ant International Deepens Payment and Digitalisation Ecosystem with AI-Driven Embedded Finance Solutions in Year of Transformation
Fintech Finance
DECEMBER 9, 2024
In line with G20’s commitment to lower cross-border payment costs via technology innovation, Platform Tech developed a world-leading Time-Series Transformer AI FX Model to help multi-national merchants in airline, e-commerce and other sectors to improve treasury management efficiency and reduce cost.
USD 14 million cross-border e-CNY gold transaction completed in Shanghai
The Paypers
DECEMBER 22, 2023
The first cross-border settlement for precious metals using the digital yuan CBDC, known as e-CNY, was completed on 20 December 2023.
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EMQ launches high value cross-border settlements in Japan
The Paypers
OCTOBER 7, 2020
EMQ, a global financial settlement network, has launched its high transaction value cross-border settlements in Japan.
Paysafe partners with Banking Circle for cross-border settlement
The Paypers
FEBRUARY 13, 2018
(The Paypers) Paysafe Group , a global payments provider, has joined Banking Circle to offer local and cross-border settlement.
Bahrain FinTech Bay signs deal with RTGS.global
Finextra
SEPTEMBER 3, 2024
Bahrain FinTech Bay (BFB), Bahrain’s fintech ecosystem builder, has announced a fintech partnership with RTGS.global, a provider of real-time cross-border settlement solutions.
MANSA Partners with Bitmama to Enhance Cross-Border Payments in Emerging Markets Through Virtual Crypto Cards
Fintech Finance
SEPTEMBER 2, 2024
Payment companies across Africa face significant challenges in establishing cross-border payment services, where maintaining pre-funded accounts in multiple countries often poses an obstacle due to limited capital, stifling innovation and creating a liquidity gap.
ECS Fin To Test Apifiny's Blockchain Program
PYMNTS
SEPTEMBER 20, 2020
Apifiny debuted Roxe earlier this year as a way to beat some of the long-held friction points in the traditional banking system, with its "fragmented" nature where assets couldn't be transferred between different markets, countries or various settlement systems, the release stated.
RTGS.global Enhances Bahrain Financial Infrastructure Following Bahrain FinTech Bay Partnership
The Fintech Times
SEPTEMBER 4, 2024
Looking to free organisations from these shackles and enable faster, more seamless cross-border transactions, RTGS.global , the real-time cross-border settlement solutions, launched its instant atomic settlement solution which is now being rolled out in Bahrain.
Morgan Stanley Partners with Wise to Enhance Cross-Border Payment Capabilities
The Fintech Times
DECEMBER 20, 2024
Morgan Stanley is teaming up with Wise to bring faster and smoother cross-border payments to its corporate clients, making it the first investment bank to integrate Wises global payments platform.
RTGS.global announces partnerships with three banks
The Paypers
NOVEMBER 13, 2023
Financial Market Infrastructure (FMI) for cross-border settlements RTGS.global has partnered with Alif Bank , Bank Arvand , and Universal Capital Bank to simplify cross-border payments.
Visa and BTL to pilot blockchain for cross-border settlement
The Paypers
SEPTEMBER 8, 2016
(The Paypers) Visa Europe Collab has partnered with Toronto-based BTL Group to test how blockchain can streamline domestic and cross-border payments between banks.
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MANSA Provides Bitmama With Liquidity, Expanding Payment Capabilities for Consumers Across Africa
The Fintech Times
SEPTEMBER 2, 2024
The partnership comes as payment companies across Africa continue to face significant challenges in establishing cross-border payment services, where maintaining pre-funded accounts in multiple countries often poses an obstacle due to limited capital, stifling innovation and creating a liquidity gap.
Bitcoin Daily: OMFIF Debuts Digital Monetary Institute; Chinese Leaders Back Regional Digital Currency Plan
PYMNTS
MAY 22, 2020
The potential stablecoin would assist in enabling trade between the four nations by bolstering clearing services as well as cross-border settlement, while its collection of collateral would adhere to the International Monetary Foundation (IMF) special drawing rights (SDR) model. .
Unicorn FinTech PingPong Lands E-Money License
PYMNTS
DECEMBER 2, 2020
“The wall that many new cross-border eCommerce entrants are running into at top speed is the failure to realize upfront what a massive undertaking it is to build global scale for seamless, secure, cross-border settlement.”.
RTGS.global partners with MDO Humo and Credo Bank
The Paypers
JULY 7, 2023
Financial Market Infrastructure (FMI) for cross-border settlements RTGS.global has partnered with MDO Humo and Credo Bank to simplify cross-border payments.
MoneyGram Sees Transaction Growth Outside US, Led By Digital Efforts
PYMNTS
AUGUST 2, 2019
In reference to the Ripple partnership announced in June, Holmes said the two companies had begun facilitating cross-border transactions through a commercial agreement, in which MoneyGram is utilizing Ripple’s xRapid blockchain product, as well as XRP, Ripple’s cryptocurrency.
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Morgan Stanley Selects Wise Platform to Enhance Payments Capabilities for Corporate Clients
Fintech Finance
DECEMBER 17, 2024
Wise, the global technology company building the best way to move and manage the worlds money, today announced that it has been selected by Morgan Stanley , a leading global financial services firm, to facilitate Morgan Stanleys foreign exchange international settlement capabilities for its corporate customers.
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Ripple Completes $50M MoneyGram Investment, Gets ~10 Pct. Stake
PYMNTS
NOVEMBER 26, 2019
Ripple made the initial payment of $30 million earlier in the year, and it also signed a commercial agreement with the payments company for “cross-border settlement using digital assets.” In June, we announced this partnership, and it’s encouraging to see the rapid growth and benefits come to life.”.
EMQ Closes Funding Round With $20M For Cross-Border Tech
PYMNTS
JULY 28, 2020
EMQ promises to eliminate “unnecessary intermediaries” between end points for payments and help with seamless, easy cross-border settlements, the release stated. The company recently unveiled a new program to help eliminate unnecessary wait times and cumbersome, confusing regulations, PYMNTS reported.
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Bitcoin Daily: Chinese Leaders Back Regional Digital Currency Plan
PYMNTS
MAY 22, 2020
The potential stablecoin would assist in enabling trade between the four nations by bolstering clearing services as well as cross-border settlement, while its collection of collateral would adhere to the International Monetary Foundation (IMF) special drawing rights (SDR) model. .
LianLian Selects Thredd to Bring its Card Program to APAC
Finovate
AUGUST 12, 2024
LianLian, which specializes in cross-border settlement services with instant payouts, selected Thredd to power its Yueda virtual card product.
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Ingenico opens up Russia to international merchants
The Paypers
DECEMBER 11, 2018
(The Paypers) Ingenico Group is transforming how international online merchants can do business in Russia, by offering domestic processing and cross-border settlement for international payments.
Bitcoin Daily: Monerium Partners With Algorand To Enable Blockchain Transactions; Square To Build Lightning Development Kit To Enhance Bitcoin Wallets
PYMNTS
JANUARY 22, 2020
Monerium lets its customers develop their financial services based on the blockchain, including cross-border settlements using fiat currency. The deal was announced on Tuesday (Jan. Sean Ford, Algorand’s chief operating officer.
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UBS Leads New Blockchain Settlement Group
PYMNTS
JUNE 3, 2019
UBS and its cohorts are not alone in pursuing blockchain-based solutions to the problem of cross-border settlement. All of those risks add up to costs and inefficiencies in the marketplace,” Hyder Jaffrey, head of strategic investment at UBS, told The Wall Street Journal. Earlier this year, JPMorgan Chase & Co.
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Visa collaborates with EMQ to expand cross border business
The Paypers
MARCH 21, 2019
(The Paypers) Visa has entered into partnership with cross-border settlement network EMQ , to offer cross-border remittances across Asia Pacific.
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RTGS.global joins Temenos Exchange
The Paypers
MARCH 24, 2022
RTGS.global , which is building a Financial Market Infrastructure (FMI) to solve friction in cross-border settlements, has joined Temenos Exchange , the open marketplace for fintech solutions.
Money20/20 Asia 2024: Day Three Roundup
The Fintech Times
APRIL 25, 2024
Fireblocks is committed to equipping institutions globally with the ability to accept, orchestrate and settle digital asset payments across any blockchain and geography.”
MoneyGram Sees Transaction Growth Outside US, Led by Digital Efforts
PYMNTS
AUGUST 2, 2019
In reference to the Ripple partnership that had been announced in June, Holmes said that the two companies had begun facilitating cross border transactions through a commercial agreement through which MoneyGram is utilizing Ripple’s xRapid blockchain product, as well as XRP, Ripple’s cryptocurrency.
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Demystifying Russia’s Digital Payments Landscape
PYMNTS
DECEMBER 19, 2019
Against that backdrop, Ingenico said last year that it had launched domestic processing and cross-border settlement for international payments. But to tap into that potential, eCommerce firms, global though they may be, must address new markets with a local mindset.
Agriculture In Ant Financial’s Blockchain Sights
PYMNTS
OCTOBER 1, 2019
In mid-2018, Ant Financial announced that it launched a blockchain-based cross-border settlement service for consumers. Earlier this year, Ant Financial was an investor in a $10 million Series A round for QEDIT, which develops privacy solutions geared toward blockchain.
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Global Blue Buy Shows Int’l Consumer Payments Allure for Ant Financial, Others
PYMNTS
JANUARY 16, 2020
The move into cross-border can be both an opportunity and a challenge for cross-border companies. As noted recently in this space during interviews with executives from Ingenico and Avalara, companies often need help with processing, cross-border settlement and tax collection services as they enter new markets.
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PingPong: Why Doing Payments Globally Is All About Thinking Locally
PYMNTS
OCTOBER 10, 2019
The wall that many new cross-border eCommerce entrants are running into at top speed is the failure to realize upfront what a massive undertaking it is to build global scale for seamless, secure, cross-border settlement.
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55 A Closer Look At Ripple’s Money-Saving Claims
PYMNTS
MARCH 2, 2016
The company also pointed to the recent rise of the nostro account, an account owned by a financial institution in another country with funds held in local currency, used to facilitate cross-border settlement.
Can FinTech Walk The FinTalk?
PYMNTS
APRIL 30, 2018
with supporting use cases mostly related to financial services and cross-border settlement, for a grand total of $242 million in 2018. In January, the International Data Corporation (IDC) reported worldwide spending on blockchain solutions would increase to $2.1 billion by 2021. billion growing to $120.7 trillion in 2021.
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Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024?
The Fintech Times
FEBRUARY 26, 2024
The digital currencies are influencing the technical aspects of cross-border transactions rather than altering user experiences. “CBDCs can contribute to quicker and more secure cross-border settlements, reducing the time traditionally associated with international fund transfers.
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