Industry roundup: 22 December
by Kylene Casanova
Mastercard, Thales and FPC launch biometric cards, Visa Direct connecting multiple regions and currencies, B2B and B2C payment methods in Africa
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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Industry roundup: 16 December
by Graham Buck
HSBC details plans to end coal financing; New landmark for digital yuan; Western Union in Ukraine team-up
Industry roundup: 15 December
by Kylene Casanova
Global supply chain disruptions, BBVA Switzerland is first in Europe to use Ethereum into its service, AML solutions expand into the Baltic region
SWIFT outlines blueprint for 2022
by Graham Buck
The financial messaging services provider announces “ambitious plans to accelerate adoption of its new services across the global financial community”
Industry roundup: 13 December
by Kylene Casanova
Visa launches Global Crypto Advisory Services, international B2B payments in LATAM, Informer and Rabobank bring open banking solutions to the market
Industry roundup: 10 December
by Kylene Casanova
Open banking: Enhancing the financial landscape in the Philippines, cross-border wholesale CBDC experiment, deep dive into Swift gpi, digital payroll
Cross-border payment fraud a growing headache
by Graham Buck
Six in 10 businesses in the US and the UK report that it is a continual risk, reports PYMNTS.com and Worldpay B2B Payments in their latest bulletin
Industry roundup: 8 December
by Kylene Casanova
Innovative solutions reaching APAC, global, digital, cross-border payment connectivity, enhanced digital chargeback data between merchants and client
Russia sanctions could include disconnection from SWIFT
by Graham Buck
The US warns that major economic penalties will follow if Putin pushes ahead with a military escalation in Ukraine
Industry roundup: 30 November
by Graham Buck
Report predicts open banking market to grow 28% to US$15bn in 2021; New trade finance vision outlined by the ICC; Wise partners with Fruugo
Industry roundup: 29 November
by Kylene Casanova
UnionPay and Razer Merchant Services partner to enable pay by QR code in Malaysia, Japan’s outlook of issuance of digital yen by FY2022, and more
ECB updates oversight of electronic payments
by Graham Buck
Cryptocurrency services and stablecoins will come within the European Central Bank’s broader payments regulatory framework
Industry roundup: 25 November
by Graham Buck
Deutsche Bank adds SWIFT Beneficiary Account Validation; Hong Kong-listed China government bond ETFs in demand; Fitch warns Qatari banks vulnerable
Singapore and the Philippines further cross-border payments
by Graham Buck
A co-operation agreement between the Monetary Authority of Singapore and the Bangko Sentral ng Pilipinas builds on an earlier CA from 2017
Industry roundup: 5 November
by Kylene Casanova
Financial gateway to assist airlines, first successful green finance project complete by BIS Innovation Hub and Hong Kong Monetary Authority
Industry roundup: 4 November
by Graham Buck
Verto/ClearBank collaboration focuses on “underserved“ SMEs; Bank of America plans China securities arm
Industry roundup: 27 October
by Kylene Casanova
SWIFT Go provides safer cross-border transactions, Kyriba's Currency Impact Report, Barclaycard Payments partners with SAP for payments optimization
Industry roundup: 19 October
by Graham Buck
News in brief: Mastercard and Previse unite on cross-border payments; India's BSE moves to T+1 settlement; DP World trade finance platform
EBA Clearing, SWIFT and TCH trial instant cross-border payments
by Graham Buck
EBA Clearing, SWIFT and TCH have completed a proof of concept for instant cross-border payments
SWIFT chiefs praise digital innovation
by Graham Buck
SWIFT's CEO praised the industry's digital transformation on Day One of Sibos 2021
Barclaycard signs with Mastercard to modernise business payments
by Ben Poole
It will use the Mastercard Track Business Payment Service to support its corporate customers.
Singapore and French central banks break new ground in CBDC experimentation
by Ben Poole
First multi-CBDC experiment to apply automated market making and liquidity management capabilities for cross-border payment & settlement efficiencies.
New digital partnerships boost European payments
by Ben Poole
Tie ups between SIA and Volante, and EBA Clearing and Iberpay, show how the payments infrastructure in Europe is seizing digital opportunities.
BofA expands digital B2C payment offerings
by Ben Poole
The Pay to Card solution supports US and cross-border transactions via bank cards.