Fintech Finance

APRIL 24, 2024

The replacement RTGS system, slated for readiness in August 2024, makes support for ISO 20022 a prerequisite for all international payments from the SWIFT deadline. The shift in cross border payments is the first step in what will become a broader adoption of the ISO 20022 standard in the payments environment as a whole.

ISO 20022 141

ISO 20022 Cross-Border Payments ISOs Cross-Border 141

Fintech Finance

OCTOBER 21, 2024

Over the past year Wise Platform , Wise’s global payments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint.

Cross-Border 95

Cross-Border Global Payments Cross-Border Payments Multi-Currency 95

Fintech Finance

JULY 12, 2024

Cross-border payments are becoming increasingly important to international economies. The G20 roadmap for enhanced cross-border payments aims to improve the speed, access, transparency, and cost of international payments by 2030.

Cross-Border 126

Cross-Border Real Time Payments Cross-Border Payments Cross-Border Settlement 126

Fintech Finance

OCTOBER 21, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network.

Real Time Payments 82

Real Time Payments SWIFT Payment Networks Cross-Border Payments 82

The Fintech Times

APRIL 27, 2024

Global tech firm Veritran has partnered with Swift , the world’s leading provider of financial messaging services, to enable financial institutions to offer an enhanced, streamlined and more transparent cross-border payment experience to their customers.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 59

Fintech Finance

APRIL 30, 2024

Veritran and Swift announce their collaboration that will enable financial institutions to offer an enhanced and streamlined cross-border payments experience to their customers. It’s vital that industry players work together in this way to overcome increasing fragmentation in the cross-border payments landscape.”

Cross-Border Payments 52

Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 52

Fintech News

JUNE 11, 2024

Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. Customers can receive funds in up to 33 different currencies via SWIFT and local payout rails.

Cross-Border Payments 104

Cross-Border Payments Cross-Border Payment APIs and Integration Payments 104

PYMNTS

OCTOBER 1, 2020

SWIFT , a global provider of secure financial messaging, announced a new service Thursday (Oct. 1) that promises to improve the experience for small and medium-sized businesses (SMBs) and consumers who send low-value payments across borders. SWIFT said this latest improvement is another building block for its new strategy.

Cross-Border Payments 113

Cross-Border Payments Cross-Border SWIFT Payments 113

Fintech News

JUNE 4, 2024

This partnership will integrate Mastercard Move , a comprehensive suite of money transfer solutions, into Temenos Payments Hub. Mastercard Move’s solutions facilitate secure and swift international money transfers, offering cost-effective options to route and deliver funds through Mastercard’s extensive global network.

Cross-Border Payments 90

Cross-Border Payments Cross-Border Visa Payment APIs and Integration 90

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. and Ireland at SWIFT. . and Ireland at SWIFT. .

Cross-Border Payments 104

Cross-Border Payments Cross-Border SWIFT Wire Transfer 104

Fintech Finance

SEPTEMBER 19, 2024

dLocal, the leading cross-border payment platform specializing in emerging markets, today announced a strategic partnership with MoneyGram, a leading global financial technology company that connects the world’s communities.

Cross-Border Payments 75

Cross-Border Payments International Payments Cross-Border APACS 75

Fintech Finance

JUNE 7, 2024

This innovative platform is set to transform the landscape of cross-border payments, delivering new standards in traceability, transparency, and efficiency. Furthermore, once the transaction is sent, the payment can be tracked on its journey through to final credit to the beneficiary.

Cross-Border Payments 52

Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 52

The Fintech Times

SEPTEMBER 10, 2024

.’s Payment Accounts solution offers multi-currency support, enabling businesses to manage EUR, USD, GBP and other currencies seamlessly. s in-house tech team in Frankfurt, the Payment Accounts also aim to simplify cash flow management by centralising financial operations within a single platform. Developed by payabl.’s

Cross-Border 59

Cross-Border Transactions Accounts Multi-Currency 59

Payments Source

DECEMBER 10, 2020

Bank of America has launched a cross-border payment tracker through its Swift GPI module that allows clients real-time visibility into their international payments.

International Payments 99

International Payments Cross-Border Payments Cross-Border SWIFT 99

Fintech Finance

JUNE 4, 2024

Temenos (SIX: TEMN) today announced a collaboration with Mastercard , a leading global technology company in the payments industry, to accelerate the implementation and delivery of Mastercard Move, Mastercard’s portfolio of money transfer capabilities, to banks and their customers.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Visa Payment APIs and Integration 52

PYMNTS

OCTOBER 21, 2018

SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. In effect, this is already a live real-time cross-border payment, SWIFT said in the press release.

Cross-Border Payments 64

Cross-Border Payments Cross-Border SWIFT Real Time Payments 64

PYMNTS

MARCH 21, 2019

SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation or gpi. SWIFT gpi enables banks to conduct end-to-end tracking of the cross-border payment.

Cross-Border Payments 66

Cross-Border Payments Cross-Border SWIFT Payments 66

Nanonets

SEPTEMBER 28, 2023

= Cross-border payments have become increasingly popular as businesses and individuals alike seek to capitalize on opportunities in foreign markets. Yet, these payments can be fraught with challenges, from foreign exchange risks to compliance with local regulations. What Are Cross-Border Payments?

Cross-Border Payments 52

Cross-Border Payments Cross-Border Wire Transfer Wires 52

PYMNTS

OCTOBER 21, 2020

DBS Bank has launched a real-time online tracking feature for cross-border collections, a press release says, which will give better digital services for corporate clients. DBS also plans to offer cross-border support in China, India, Indonesia, Taiwan and Vietnam as well in the next few months, the release says.

Cross-Border 72

Cross-Border Cross-Border Payments SWIFT International Payments 72

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

Payee 59

Payee SWIFT Cross-Border Cross-Border Payments 59

The Fintech Times

FEBRUARY 19, 2024

When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Having discussed the myths , hype and usage of buy now pay later (BNPL), we now turn our focus to cross-border payments. Can any risks be mitigated pro-actively?

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

PYMNTS

DECEMBER 18, 2018

SWIFT said Tuesday (December 18) that its SWIFT gpi payment service is being used for more than half of SWIFT’s cross-border traffic. The pace of its adoption since its launch in early 2017 is particularly impressive; less than two years since its launch, gpi is rapidly becoming the cross-border standard.

Cross-Border 55

Cross-Border SWIFT Cross-Border Payments Correspondent Bank 55

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). In this case SWIFT it may not be necessary, because it will be a different kind of technological interaction,” Skorobogatova said during a virtual meeting, per RT.com.

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Central Bank SWIFT Digital Currency CBDC 142

Payments Source

MAY 23, 2017

Calling it a first in international payments, the Society for Worldwide Interbank Financial Telecommunication [Swift] is providing a cross-border, real-time payments tracker for banks handling global transactions.

SWIFT 60

SWIFT International Payments Cross-Border Real Time Payments 60

PYMNTS

OCTOBER 16, 2020

The traditional correspondent banking network is one major speedbump that stops financial institutions (FIs) from providing speedy, inexpensive, cross-currency and cross-border transfers, Lembo explained, but financial services providers can adopt new technology and approaches to safely streamline these transactions.

Cross-Border Payments 85

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 85

Fintech Finance

MARCH 19, 2024

Swift today announced it has been selected to build a service that will reduce the risk of misdirected payments and increase defences against payment fraud, providing Australians with more confidence when sending money.

Payee 59

Payee SWIFT Payment APIs and Integration Cross-Border Payments 59

PYMNTS

SEPTEMBER 9, 2019

On the other hand, it also means they must learn to navigate a highly fragmented and complex international payments ecosystem. Each country has its own rules and regulations dictating how businesses can make and receive payments, as well as its own, unique financial infrastructure. To learn more, download the playbook.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Real Time Payments Ubiquitous 69

PYMNTS

JULY 31, 2019

international transactions per capita every year, up from 0.5 So, why do cross-border payments present so many challenges? Some payments providers are also leveraging blockchain and distributed ledger technology (DLT) to meet these needs, expediting the cross-border payment process.

Cross-Border Payments 72

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

PYMNTS

AUGUST 16, 2019

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

OCTOBER 15, 2020

Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. Developments From Around The World of Payments Modernization. billion by the end of this year.

Correspondent Bank 91

Correspondent Bank Cross-Border Correspondent Cross-Border Payments 91

Fintech Finance

JANUARY 2, 2024

StoneX has announced that it is one of the first financial organizations to enable Swift ’s new leading-edge solution for cross-border payments. Cross-border payments have long been a complex area marked by ongoing regulatory and compliance changes, bank offline hours, and increasing competition.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SWIFT Verification 59

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”

ISO 20022 76

ISO 20022 ISOs SWIFT Cross-Border 76

Payments Source

JULY 22, 2019

Russia and its BRICS partners are developing cross-border alternatives to U.S.-dominated dominated payments systems such as Swift, driven by the rise in cross-border trade and a desire to find non-dollar alternatives to international payments systems vulnerable to sanctions by the U.S.

SWIFT 76

SWIFT Cross-Border International Payments Payments 76

Fintech Finance

SEPTEMBER 18, 2024

dLocal , the leading cross-border payment platform specializing in emerging markets, today announced its strategic partnership with Ontop , a global payroll platform that facilitates salary payments from companies to remote workers around the world. for corporate transactions and as much as 6.3% for remittances.

Payroll 94

Payroll Cross-Border Payments Cross-Border Financial Inclusion 94

PYMNTS

DECEMBER 22, 2020

In the latest edition of the Global B2B Payments Playbook , PYMNTS analyzes how the pandemic is affecting the O2C processes of businesses everywhere, especially those making cross-border transactions. It also examines what tools companies can tap to make these payments swiftly and securely. trillion reported in 2019.

Cross-Border 94

Cross-Border Innovation B2B Automation 94

Nanonets

SEPTEMBER 30, 2023

In today's interconnected world, the swift and secure transfer of funds across borders is essential for international trade and finance. SWIFT is a crucial player that facilitates this process. SWIFT is the most common and widely adopted wire transfer method, connecting financial institutions across the globe.

SWIFT 52

SWIFT Wire Transfer Payments Wires 52

PYMNTS

FEBRUARY 20, 2018

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43