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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…

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Payments - Receipts

SWIFT to host open API hackathon in Africa

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The hackathon is open to developers working in the financial sector across Africa to identify new solutions for cross-border payments.