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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…

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Cash & Liquidity Management

Barclays extends Pingit to Kenya

Launched in the UK earlier this year, Pingit is a person-to-person payment service that enables people to send and receive money using mobile phone numbers.

Payments - Disbursements

HSBC completes first RMB trade settlement in India

HSBC India has executed the first renminbi (RMB) denominated cross-border trade transaction in India for a major pharmaceuticals company, and said that the transaction had seen the bank join a growing list of HSBC e

Payments - Disbursements

Omikron suite eases SEPA adoption

Omikron have launched a suite of services which cover all the functions needed make SEPA payments including migration tools to automatically convert legacy formats and migrate users to the new SEPA formats.

Payments - Receipts

SEPA Progress

The October 2011 European Payments Council newsletter revealed that according to the European Central Bank analysis: