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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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Cross-Border QR Payments Now Live Between Vietnam and Laos

Fintech News

Vietnam and Laos have officially launched a new framework for settling payments in their local currencies and a cross-border QR code payment system. The post Cross-Border QR Payments Now Live Between Vietnam and Laos appeared first on Fintech Singapore.

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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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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

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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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BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

Fintech News

The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. We are optimistic about the potential of these early results to enhance cross border payments.”