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.

Cross-Border 67

Cross-Border Cross-Border Settlement CBDC Settlement 67

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.

Cross-Border Payments 96

Cross-Border Payments Cross-Border Cross-Border Settlement Financial Inclusion 96

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.

Cross-Border Settlement 48

Cross-Border Settlement Cross-Border Payments Cross-Border Settlement 48

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.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Cross-Border Settlement Consumer 59

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.

Cross-Border 140

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

The Fintech Times

FEBRUARY 26, 2024

Fundamental risks to using CBDCs Nina Moffatt, fintech and regulation partner, Paul Hastings Nina Moffatt , fintech and regulation partner, of law firm Paul Hastings , notes that while CBDCs are an attractive option, risks such as settlement times are preventing mainstream adoption.

Cross-Border Payments 145

Cross-Border Payments Cross-Border Digital Currency Central Bank 145

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.

Cross-Border Settlement 36

Cross-Border Settlement Cross-Border Payments Cross-Border Settlement 36

PYMNTS

JUNE 3, 2019

The crypto token they are developing will be called the utility settlement coin, or USC. million) in the company tasked with developing the coin and the settlement system, Fnality International. UBS and its cohorts are not alone in pursuing blockchain-based solutions to the problem of cross-border settlement.

Settlement 53

Settlement Blockchain Cross-Border Cross-Border Settlement 53

Finovate

AUGUST 12, 2024

LianLian, which specializes in cross-border settlement services with instant payouts, selected Thredd to power its Yueda virtual card product.

APACS 52

APACS Cross-Border Settlement Cross-Border Payments Cross-Border 52

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.

Office of the Comptroller of the Currency 100

Office of the Comptroller of the Currency Blockchain Cross-Border Settlement Cross-Border 100

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.

Cross-Border Settlement 28

Cross-Border Settlement Cross-Border Settlement FinTech 28

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.

Cross-Border 31

Cross-Border Cross-Border Settlement Cross-Border Payments Blockchain 31

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.”

Financial Inclusion 59

Financial Inclusion Cross-Border Settlement APACS Settlement 59

PYMNTS

JULY 28, 2020

Asia-based financial settlements network EMQ , which works in cross-border payments, has announced the close of a $20 million Series B funding round led by WI Harper Group, according to a press release. The solution connects bank application programming interfaces (APIs) with payment service providers.

Cross-Border 56

Cross-Border Cross-Border Settlement Cross-Border Payments Payment APIs and Integration 56

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.

Cross-Border Settlement 31

Cross-Border Settlement Cross-Border Settlement International Payments 31

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.

Cross-Border 28

Cross-Border Cross-Border Settlement Settlement 28

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.”.

Cross-Border Settlement 63

Cross-Border Settlement Cross-Border FinTech Settlement 63

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. .

Digital Currency 64

Digital Currency Cross-Border Settlement Central Bank Cross-Border 64

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. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

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.”.

Cross-Border Settlement 57

Cross-Border Settlement Cross-Border Cross-Border Payments On-Demand 57

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.

Bitcoin 52

Bitcoin Blockchain Multi-Currency Cross-Border Settlement 52

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.

Transactions 78

Transactions Cross-Border Settlement Cross-Border Returns 78

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.

Transactions 46

Transactions Cross-Border Settlement Cross-Border Returns 46

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.

Blockchain 43

Blockchain Cross-Border Settlement Cross-Border Settlement 43

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.

Digital Payments 52

Digital Payments Cross-Border Cross-Border Settlement Online and Mobile Banking 52

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.

Cross-Border 40

Cross-Border Cross-Border Settlement Consumer Multi-Currency 40

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.

Cross-Border 55

Cross-Border Cross-Border Payments Cross-Border Settlement Payments 55

PYMNTS

MARCH 2, 2016

We break down the company’s argument as presented in “ The Cost-Cutting Case for Banks: The ROI of Using Ripple and XRP for Global Interbank Settlements.” While this can be a solution to some of the costs associated with cross-border payments, Ripple noted that many FIs cannot afford to maintain these accounts.

Cross-Border Payments 46

Cross-Border Payments Cross-Border Cross-Border Settlement Interbank Settlement 46

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.

FinTech 73

FinTech Blockchain Distributed Ledger Technology (DLT) FTC 73