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.” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab.
These partnerships allow banks to focus on their core financial services while leveraging the technology and expertise of dedicated payment processors. For example: RBC (Royal Bank of Canada) works with Moneris, one of Canada’s largest payment processing companies. It is one of the largest cooperative financial groups in North America.
Frictions like these are pushing more businesses to rethink their legacy approaches to business-to-business (B2B) payments and adopting various digital options for sending money. A recent report finds many companies are leveraging AI to help them more swiftly automate vendor invoices and support their liquiditymanagement decision making.
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