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International Payments

Background
Although, for most companies, cross-border/cross-currency payments make up less than 5% of all payments, they can represent a major proportion of payment costs when the FX conversion costs (which make up the bulk of the income for the banks / service providers), the transaction charges and float costs… Read more about International Payments

Real-time cross-border payments tracking a reality with Standard Chartered

8th Jan 2020 by Ben Poole

SC GPI Track, a portal to trace all cross-border payments, arrives ahead of November's SWIFT payments confirmation mandate.

Visa and TransferWise expand access to cross-border payments

12th Dec 2019 by Ben Poole

TransferWise to implement Visa Direct for international money transfers in Europe.

International digital money transfer transactions to reach 2 billion by 2024

10th Dec 2019 by Ben Poole

The prediction would see volumes almost double in the next five years.

MAS, J.P. Morgan and Temasek develop blockchain-based prototype for multi-currency payments

12th Nov 2019 by Ben Poole

The payments network will provide interfaces for other blockchain networks to connect and integrate.

Firms confident despite trade tensions, HSBC survey finds

6th Nov 2019 by Ben Poole

Nearly half of companies are more optimistic than they were in 2018, despite uncertainty over US-China trade relations and Brexit.

EBA calls on the European Commission to facilitate the scaling up of cross-border payments services

1st Nov 2019 by Ben Poole

The EBA report identifies potential impediments to the cross-border provision of banking and payment services in the EU.

Flywire provides Bank of America clients enhanced access to cross-border payments and receipts

30th Oct 2019 by Ben Poole

Flywire’s offering streamlines cross-border transactions for the bank’s higher education and corporate franchise.

Swift gpi ‘Request-to-pay’ will bring global benefits

3rd Oct 2019 by Jack Large

Proof of concept development by banks and corporates in Swift gpi roadmap shows huge potential, but how long will it take to deliver?

BitPay to support XRP for payment processing and cross-border transfers

3rd Oct 2019 by Ben Poole

BitPay wallets are to start supporting storage and purchase using XRP.

Day 1 - SIBOS 2019 blows bankers minds

24th Sep 2019 by Jack Large

Brian Cox with his talk on cosmology and fintechs with their attitudes and speed of innovation

AFP survey finds cheque use for B2B payments drops to a new low

20th Sep 2019 by Ben Poole

The research also finds 72% of finance professionals think that APIs will have the greatest impact of all emerging technologies.

Speeding up and reducing cost of executing cross-border payments

18th Sep 2019 by Jack Large

Deutsche Bank joins Interbank Information Network to minimize friction in the ancillary payments processes

Travelex launches API-enabled B2B platform

18th Sep 2019 by Ben Poole

Travelex Business includes cash management, cross-border payment and retail currency conversion features.

Wells Fargo to pilot internal settlement service using distributed ledger technology

18th Sep 2019 by Ben Poole

Wells Fargo Digital Cash is designed to drive operational efficiencies such as longer operating windows and real-time processing.

Mastercard unveils vision to modernise the global B2B payments market

13th Sep 2019 by Ben Poole

Mastercard Track Business Payment Service is first global open-loop commercial service to simplify payments between buyers and sellers.

Mastercard and R3 partner to develop blockchain-powered cross-border payments solution

12th Sep 2019 by Ben Poole

Blockchain-enabled model to further support banks to deliver a single frictionless real-time payments proposition.

Gresham adds features to its digital integration platform

12th Sep 2019 by Ben Poole

The latest release of Clareti Integration Studio includes full support for SWIFT Standards MT Release 2019.

Are cryptocurrencies not only the future of money, but increasingly the money of today?

27th Aug 2019 by Jack Large

Increasing global acceptance of cryptocurrencies raises many vital questions

MoolahGo releases API for B2B cross-border payments

15th Aug 2019 by Ben Poole

The company's API connectivity opens up cross-border payment capabilities to over 40 countries.

Payments facility promises closer ties for Singapore companies and their Chinese suppliers

2nd Aug 2019 by Ben Poole

Faster payments for goods and services purchased between Singapore and China on the cards.

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