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Circle Launches Stablecoin Payments Network for Cross-Border Settlements

Fintech News

Circle stated the initiative addresses inefficiencies in cross-border payments, which can often take more than a business day and incur significant costs, citing World Bank data highlighting average costs exceeding 6%. said Nikhil Chandhok, Chief Product and Technology Officer at Circle.

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XTransfer, OCBC Team Up to Provide Enhanced Financial Services for SMEs

Fintech News

OCBC China will also act as XTransfer’s global account manager, working closely with the banks subsidiaries to support cross-border settlements and facilitate business growth. The partnership will leverage OCBCs regional network in markets including Singapore, Hong Kong, Malaysia, and Indonesia.

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Ant International Deepens Payment and Digitalisation Ecosystem with AI-Driven Embedded Finance Solutions in Year of Transformation

Fintech Finance

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.

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Monoova executes a cross-border settlement using the Australian CBDC

The Paypers

Australia-based Monoova has successfully completed the first real-world cross-border settlement using the Australian dollar CBDC.

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RTGS.global Completes First Instant Cross-Border Settlement Between Georgia and Tajikistan

The Fintech Times

The post RTGS.global Completes First Instant Cross-Border Settlement Between Georgia and Tajikistan appeared first on The Fintech Times.

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Morgan Stanley Partners with Wise to Enhance Cross-Border Payment Capabilities

The Fintech Times

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.

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Standard Chartered Utilises Blockchain for Cross-Border Transactions Between Hong Kong and Singapore

The Fintech Times

. “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.”