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Cross-border payment plays rev up

Payments Dive

The Clearing House, Swift and rivals are jostling to speed up cross-border payments, with collaboration and competition likely to emerge at an international conference this week.

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Visa, Western Union partner on cross-border payments

Payments Dive

The card network and the cross-border payments company are developing an international payment system that could be used in disaster situations.

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India in Talks to Forge New Cross-Border Payment Linkages, Says RBI

Fintech News

India is advancing efforts to establish cross-border payment linkages with multiple countries, as reported by Bloomberg, citing an official from the Reserve Bank of India (RBI). T Rabi Sankar Deputy Governor T. These developments build on existing arrangements with Sri Lanka, Bhutan, and Nepal.

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Cross-Border Payments in Numbers: Global Corporations Lost $120 Billion in Transaction Fees

Fintech Finance

The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally.

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6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments

Fintech News

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. One of Singapore’s entries is Partior. Another company from Singapore featured on the list is Tazapay.

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Nium Offers Swift Connectivity for Faster Cross-Border Payments

Fintech News

Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable.

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De-banking in cross-border payments: Why the system needs reform

The Payments Association

Banks are de-banking payment providers, causing major disruptions in cross-border transactions and impacting financial inclusion