Barclays extends Pingit to Kenya
by Kylene Casanova
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.
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…
Read moreHSBC completes first RMB trade settlement in India
by Kylene Casanova
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
DataCash and Alipay to boost cross-border payments in China
by Kylene Casanova
DataCash Group Ltd, a MasterCard company, today announced the integration of Alipay, a leading third-party payment platform in China, to its international payment solution.
US regional banks start to offer streamlined payment system for transactions executed in Renminbi
by Kylene Casanova
The Renminbi is truly becoming an international currency, even US regional banks are starting to offer Renminbi services.
IPFA expands and is making good progress in reducing the cost of cross-border next day credit transf
by Kylene Casanova
The IPFA (International Payments Framework Association) was set up in February 2010 with the aim of
BNY Mellon expands iDeal Forex Service to support clients globally as well as in North America
by Kylene Casanova
BNY Mellon today announced the global expansion of iDeal Forex, its Web-based application for cross-border payments involving foreign exchange (FX) transactions.
Standard Chartered launches programme to deliver fast USD payments to Asia
by Kylene Casanova
Standard Chartered Bank has today launched an Asia Express Guaranteed Payments programme to deliver USD payments to Asia on the same or next day (depending on the specific destination).
Omikron suite eases SEPA adoption
by Kylene Casanova
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.
SEPA Progress
by Kylene Casanova
The October 2011 European Payments Council newsletter revealed that according to the European Central Bank analysis: