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By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time international payments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.
It aims to enable more efficient fundstransfer via Purpose Bound Money (PBM) when inbound tourists use Alipay+ payment partner apps for payments at GrabPay merchants in Singapore. ” The post Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments appeared first on The Fintech Times.
WorldFirst, Ant International’s one-stop digital payment and financial services platform for global businesses, will reinforce its participation in SEPA to enable businesses to make online cross-border payments and fundtransfers more seamlessly within the SEPA Zone.
WorldFirst, Ant International’s one-stop digital payment and financial services platform for global businesses, is looking to reinforce its participation in SEPA to enable businesses to make online cross-border payments and fundtransfers more seamlessly within the SEPA Zone.
The PoC tested two DLT platformsCorda by R3 and Hyperledger Besu by Kaleidoevaluating their ability to support key processes such as issuance, redemption, and fundtransfers. Both platforms successfully met the 55 predefined test scenarios, demonstrating scalability, resilience, privacy, and fault tolerance.
The payments system provider, The Clearing House , extended its transaction limit for fundstransferred on the Real-Time Payments (RTP) Network from $1million to $10million. Capitalising on this, BNY completed a $10million transaction on behalf of the global transfer agent, Computershare , to an account at Bank of America.
To achieve this, the PoC focused on three key processes: issuance, redemption, and fundtransfers. The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system.
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