Ripple enters the ISO 20022 fray
It joins the ISO 20022 Standards Body less that two months after SWIFT pushed back adoption of the standard for cross-border payments.
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…
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Ethical Payments Foundation targets silo thinking
EPF aims to join up the silos of disconnected expertise for emerging countries
Industry roundup: 1 May
News in brief featuring Deutsche Bank, BNP Paribas, Ripple, SIA, and many more.
Industry roundup: 27 April
News in brief from Deutsche Bank, AvidXchange, Western Union and SurePayd.
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News in brief including CLS, PayFit, SAP, and more.
Singapore and Australia agree to enhance financial services data connectivity
The two countries have signed a suite of MoUs designed to help both capitalise on the digital economy.
BlueSnap upgrades marketplace payment solution
The solution lets B2B and B2C firms launch ecommerce marketplaces that include seamless payouts and cross-border payment processing.
RMB cracks top 5 currency ranking for global payments volume
SWIFT's latest RMB Tracker statistics show the continued global growth of the Chinese currency.
CTMcast - 19 March 2020: Review of key recent posts and more on Coronavirus crisis
Jack and Ben reviewed last week’s stories and the current COVID-19 crisis
i2c enables Airwallex B2B payments card
The i2c platform uses AI to optimise cross-border, multi-currency payments.
SWIFT ISO 20022 adoption for cross-border payments pushed back
The original lead migration deadline of November 2021 has been delayed until the end of 2022.
SAP and Goldman Sachs target global payments innovation on Ariba Network
The pair aim to make it simpler and less costly for buyers to pay foreign suppliers in local currencies.
CTMcast - 5 March 2020: Review of key recent posts and Coronavirus crisis
Jack and Ben reviewed last week's stories and the Coronavirus crisis with Kyriba's Bob Stark
SWIFT gpi traffic up to US$77 trillion in 2019
Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi.
Greenwich leaders in both European and Asian large corporate banking and cash management announced
Challenges for European companies creates opportunities for corporate banks, while commoditisation shifts the Asian landscape.
Golden insights from ACT’s cash management conference
Problems to come from: lack of capacity in corporate treasury departments and no single API standards setter??
Vroozi and Stratas to automate purchasing and accounts payable in the UK and Ireland
The strategic partnership aims to equip mid-market organisations to grow profitably through automation.
SWIFT to host open API hackathon in Africa
The hackathon is open to developers working in the financial sector across Africa to identify new solutions for cross-border payments.
What is next for Swift’s booming global payments innovation service?
Extending global coverage, new international instant payments functionality and stop/recall service
Airwallex and Visa debut ‘borderless’ business card
#BusinessCard #B2BPayments #VirtualCards @airwallex @VisaNews
RAKBANK and Mastercard launch suite of corporate payment solutions
The product suite includes a corporate purchase card, corporate executive T&E card and B2B virtual card.
Real-time cross-border payments tracking a reality with Standard Chartered
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
TransferWise to implement Visa Direct for international money transfers in Europe.
International digital money transfer transactions to reach 2 billion by 2024
The prediction would see volumes almost double in the next five years.