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Centiglobe and Mastercard Move Team Up to Unlock Near real-time cross-border Payments for Consumers and Businesses

Fintech Finance

By leveraging our collaboration, a local payment provider can for example facilitate an international payment in near real-time without additional integrations” says Petter Sandgren, CEO of Centiglobe. Unlike traditional cross-border payment models, Centiglobe does not charge per transaction.

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Centiglobe and Mastercard Move Partner Enhancing Payment Connectivity Across the World

The Fintech Times

With Centiglobes blockchain-based platform powered by tokenised deposits, financial institutions can unlock new revenue streams, optimise liquidity management, minimise transaction costs, and reduce counterparty risk. Unlike traditional cross-border payment models, Centiglobe does not charge per transaction.

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Mastercard to Offer Real Time Cross-Border Payments for Commercial Clients

Finovate

Move Commercial Payments offers features like liquidity management, integration with existing SWIFT systems, and helps to reduce counterparty risk. Mastercard unveiled an offering this week that will allow commercial users to make cross-border payments in near-real-time.

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Faster Payments Make Inroads In Corporate Treasury

PYMNTS

Faster payments tools can provide corporates with the data they need in near real time, and adopt faster hedging tools from their banks in a gradual move toward real-time FX management. Deutsche Bank pointed to cash pooling processes as a key area that can benefit from real-time payments.

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The Benefits of Instant Pay by Bank Payment Methods

Segpay

Faster Settlement : Pay by Bank transactions often offer real-time or near-real-time settlement. This improves cash flow, as funds from bank transfers can be deposited into the merchant’s account in real-time. This improves cash flow for businesses.

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FIs Look Inward For Faster Blockchain Deployment

PYMNTS

Further, the infrastructure removes the need for an intermediary, resulting in an overall more seamless process that can land cash where it needs to be in near real-time (if conducted within the operating window). Frazier offered the example of a U.S. client wishing to move $1 million from a U.S.