cross-border paymentsRSS

Liquidity management: real-time nostro time?

liquidity management

As part of its global payments innovation initiative, Swift and a group of banks have been trialling distributed ledger technology (DLT) in the reconciliation of nostro databases in real-time.

Barcode payments spread across Africa with M-vendr and PiP iT

Africa

M-vendr, a UK-based tech company with a POS pay-in system across 12 African nations, has signed an agreement with international cash payments platform PiP iT to integrate the latter’s barcodes across its network of 45,000 merchant locations.

Flywire expands operations in Japan, forms partnership with Volvo

Flywire gets pally with PayPal

Cross-border payments and receivables platform Flywire (formerly peerTransfer) is marking international growth.

Rabobank builds cross-border payments hub with Finastra

Rabobank in cross-border payments revamp

Rabobank is modernising and centralising its cross-border payments operations. The software supplier for the new payments hub is Finastra (formerly Misys and D+H).

Wirecard’s newest service enables mobile money transfers from migrants

Wirecard

In an attempt to take its share of the exploding cross-border payments market, which hit about $600 billion last year according to some estimates, Wirecard is launching a new mobile money remittance service in Europe, targeting consumers including unbanked migrants sending funds home.

Creating a hyperconnected corporate bank of the future

lte-touch-future-screen-4g

Banks are not competing with banks anymore, but against the ubiquitous, all pervading unified digital experience, which is driving the adoption of digital across the corporate banking value chain. Fintechs are a great example of how innovations in digital can deliver speed to market, a superior customer experience and better pricing.

Making cross-border payments work

Uberoi: the opportunity presented by efficient cross-border payments is almost limitless

As the value of global cross-border payments such as workers’ remittances increases, billions of dollars are being lost to inefficient legacy systems – but that could be about to change, according to Hank Uberoi, executive director at Earthport.

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