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Cross-Border Cross-Border Payments Near Real-Time 
Fintech Finance
AUGUST 22, 2024
Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon ( BNY ), Australian businesses and individuals who receive international payments from BNY’s customers may now be paid in as little as 60 seconds1 regardless of who they bank with.
Finextra
AUGUST 22, 2024
Commonwealth Bank of Australia is delivering near real-time cross-border payments to businesses and consumers who receive inernational payments from customers of US bank BNY.
Fintech Finance
OCTOBER 21, 2024
Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments.
Fintech Finance
SEPTEMBER 11, 2024
According to the Borderless Payments Report 2023 by Mastercard, 48% of people in the UAE expect to send cross-border payments more frequently. Meanwhile, 36% are likely to receive more cross-border payments, driving the demand for robust international money transfer solutions.
Finextra
OCTOBER 21, 2024
Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments.
Finovate
OCTOBER 21, 2024
Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. with Lloyds Banking Group and UBS.
The Fintech Times
JUNE 27, 2024
DBS and Mashreq have announced a new collaboration to extend same-day and near-instant peer-to-peer cross-border payments to Mashreq’s retail customers in selected markets across Asia Pacific, Europe, and the Americas.
Fintech Review
NOVEMBER 20, 2024
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments.
Bank Automation
AUGUST 28, 2024
BNY has joined forces with Commonwealth Bank of Australian to provide its customers with near real-time payments for cross-border transactions. By working with CBA, BNY customers can make and receive payments in about 60 seconds, an Aug. 22 BNY release stated.
Fintech News
MARCH 18, 2024
Payment giant Mastercard has announced a new partnership with Ant Group’s digital open platform Alipa y to expand its cross-border payment services to facilitate quicker and more secure money transfers to China. As global economic activities continue to recover, demand for cross-border payments will only increase.
118 
The Paypers
OCTOBER 21, 2024
Mastercard has launched the Mastercard Move Commercial Payments product in a bid to help banks process near real-time commercial cross-border payments.
PYMNTS
AUGUST 1, 2019
The world is becoming more interconnected, boosting demand for fast and low-cost services that enable cross-border transactions. Such experiences require payments interoperability, which can be a significant challenge due to changing technologies and regulations.
The Fintech Times
OCTOBER 21, 2024
Payments giant Mastercard has launched a new cross-border payments solution in a move to simplify operations, optimise liquidity, reduce counterparty risk and provide end-to-end visibility for banks and their customers.
52 
Fintech Finance
MARCH 8, 2024
Jersey based Fintech , EWG , launches revolutionary – Lightspeed API – the fast-start route to embedded cross-border payments and FX for Fiduciary, Corporate and Fund Services. Many of our clients are dealing in high value, and often high volume, cross-border payments.
PYMNTS
JANUARY 22, 2021
MoneyGram customers can send money in near-real-time to Visa debit cardholders across 575 corridors from 25 countries in Europe. In 2019, MoneyGram was the first company in the industry to enable cross-border transfers from the U.S. using Visa Direct.
107 
Fintech Finance
APRIL 11, 2024
Verituity , a leading provider of intelligent, verified payout solutions, today announced the integration of Mastercard Move , Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers.
52 
The Paypers
MARCH 19, 2019
(The Paypers) IBM has unveiled a global blockchain network, Blockchain World Wire, that will offer near real-time cross-border payment exchange and international settlement.
Payments Source
JANUARY 22, 2021
MoneyGram International is expanding its use of Visa Direct across Europe, allowing its customers to use the company website or mobile app to send money in near-real time to Visa debit card holders in various parts of 25 countries in Europe.
159 
Fintech Finance
MARCH 19, 2024
Mastercard continues to expand its cross-border payment solutions with a new connection to Alipay , China’s leading digital open platform under Ant Group. Insights from Mastercard’s Borderless Payments Report reveal that 68% of consumers would make more online cross-border payments if they were faster.
The Fintech Times
SEPTEMBER 12, 2024
NymCard explained that through the new collaboration with Mastercard, it can strengthen its BaaS platform, and leverage cross-border services from the ‘Mastercard Move’ portfolio of money transfer solutions. “Digital cross-border payments have been witnessing rapid growth across the MENA region.
64 
PYMNTS
JANUARY 28, 2021
The recent acceleration of central banks’ exploration and development of central bank digital currencies (CBDCs) only adds greater legitimacy to the technology, with Sully pointing to cross-border payments as one of the biggest areas of CBDC disruption — although, he acknowledged, the true impact of this tool is not yet understood.
84 
Payments Source
DECEMBER 7, 2020
TransferGo will use Mastercard's push payment service to support near real-time money transfers for European customers.
105 
PYMNTS
MAY 4, 2017
Cross-border payments company Transpay is expanding with new global currencies supported by its platform. The company said the addition of funding currencies is an effort to help businesses expand across borders. The company supports payouts in more than 60 currencies across more than 120 countries, it said.
40 
BitPay
APRIL 25, 2023
Ahead we’ll take a closer look at what makes stablecoins a leading option for cross-border crypto payments. Stablecoins’ lack of volatility and widespread acceptance makes them one of the best types of crypto for cross-border payments and payouts. No headaches, no crypto knowledge required.
52 
PYMNTS
DECEMBER 2, 2019
In the latest iteration of the “Executive Insight” series, executives at Citigroup take stock of the treasury function evolution from a somewhat predictable, visible monitoring of cash positions on a daily or weekly basis, marked by batch processing … to today’s necessity of managing cash in near-real-time, sometimes pressure-cooker situations.
55 
PYMNTS
JULY 24, 2018
MoneyGram CEO, Alex Holmes, and Cecilia Frew, senior vice president and head of Visa’s North America Push Payments , told Karen Webster that this is just the first step in expanding this capability to more global markets. MoneyGram is the first cross-border use case for Visa Direct,” Frew told Webster.
89 
Wharton Fintech
JANUARY 18, 2024
Airwallex CEO and Co-Founder Jack Zhang — empowering businesses to grow beyond borders In today’s episode, Kailee Costello hosts Jack Zhang , the CEO and co-founder of Airwallex. It empowers a lot of the global businesses to grow beyond borders. Making payments, it’s very expensive and inefficient. It’s also very slow.
52 The Paypers
JANUARY 12, 2022
Cross-border payments company Tranglo has added Hong Kong on its list of countries where it will conduct business, allowing near real-time payouts.
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.
40 
PYMNTS
JUNE 5, 2018
Today, those are problems like supply chain, security and authentication, cumbersome and manually intensive “know your customer” (KYC) processes, and cross-border payments. Pigg said even transactions that take hours to complete would be better than cross-border payments that can take days.
61 
The Fintech Times
FEBRUARY 21, 2024
Transaction data, particularly in the context of cross-border payments, has grown increasingly vital as transactions move towards near-real-time processing, with the goal of achieving real-time transactions.
59 Payments Source
MAY 13, 2020
Cross River Bank, a banking-as-a-service provider to fintechs, has signed Remitly to leverage its new push-to-card international payment service for near real-time remittances.
68 
Finance Magnates
MARCH 26, 2023
The second factor is the near real-time settlement between the two financial institutions that were doing the remittance (i.e. Take money from ATM card to credit to your Visa card, Take money from your Bank and credit the money to Micro-Wallet payment company. Sender’s Bank and Beneficiary’s Bank).
52 
PYMNTS
NOVEMBER 29, 2018
The allure of blockchain was its potential to be a catch-all solution, but as innovators take a more practical approach to introducing the technology to the real world, its true opportunity may lie in addressing highly specialized, unique points of friction.
PYMNTS
NOVEMBER 29, 2016
The banks will use blockchain to trade invoices, purchase orders, invoice financing processes and other trade finance transactions in near real-time, the banks noted. They’ll use the EdgeVerve Blockchain Framework for Financial Services product, reports added.
44 
Segpay
JUNE 25, 2024
Faster Settlement : Pay by Bank transactions often offer real-time or near-real-time settlement. This improves cash flow, as funds from bank transfers can be deposited into the merchant’s account in real-time.
PYMNTS
JULY 24, 2017
Take faster payments. One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time. The grandness of his vision and success, with a proof of concept, prompted him to reach out to the U.S.
47 
PYMNTS
SEPTEMBER 4, 2018
The report cited research from Euromoney in which more than two-thirds of organizations said they would be interested in adopting a tool that provides automated, 24/7 currency conversion solutions based on real-time FX rates.
44 Fintech Labs Insights
JANUARY 12, 2017
The company announced a partnership with leading corporate Nordic bank SEB late in 2016 to build an “internal, closed blockchain” that will enable the bank to transfer money in real time between accounts in New York and Stockholm. 2016 was a major year for Ripple.
21 PYMNTS
SEPTEMBER 26, 2019
Though the manic blockchain hype of 2018 has died down somewhat, FinTechs, banks and corporates continue to collaborate and innovate as they develop distributed ledger technology solutions for a range of use cases, including faster cross-border transactions. The technology uses a stablecoin linked to the U.S.
61 
Fintech Finance
APRIL 15, 2024
Responding to the ever-growing need to move money seamlessly, Mastercard and VoPay today announced a strategic partnership that will offer choice, simplicity and efficiency for near-real-time money movement in Canada and internationally for businesses and consumers.
92 
PYMNTS
SEPTEMBER 18, 2019
17), the bank announced the development of its Wells Fargo Digital Cash, a service designed to allow financial institutions (FIs) to complete cross-border payment book transfers internally across its global network using digitized cash. In a press release on Tuesday (Sept. and Canada, the release noted.
PYMNTS
JULY 10, 2019
The data focus of faster payments, open banking and bank-FinTech collaboration makes these trends surprisingly agile vehicles for B2B payments disruption. Faster Payments. Such visibility enables real-time analysis of risk exposures for more agile FX hedging and risk management.
62 
PYMNTS
OCTOBER 1, 2018
While bitcoin and crypto garner the headlines, innovators are taking the best of distributed, permissioned, secure and private ledger tech, and digitizing assets issued by regulated financial services companies and governments to clear and settle transactions in near real time, globally, at scale.
85
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