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By leveraging our collaboration, a local payment provider can for example facilitate an international payment in nearreal-time without additional integrations” says Petter Sandgren, CEO of Centiglobe. Unlike traditional cross-border payment models, Centiglobe does not charge per transaction.
With Centiglobes blockchain-based platform powered by tokenised deposits, financial institutions can unlock new revenue streams, optimise liquiditymanagement, minimise transaction costs, and reduce counterparty risk. Unlike traditional cross-border payment models, Centiglobe does not charge per transaction.
Move Commercial Payments offers features like liquiditymanagement, 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.
Faster payments tools can provide corporates with the data they need in nearrealtime, 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.
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.
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 nearreal-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.
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