Search Results for: ross-border transactions

Wells Fargo and HSBC Establish Bilateral Agreement To Settle FX Transactions Through a Blockchain-based Solution
Blockchain News

Wells Fargo and HSBC Establish Bilateral Agreement To Settle FX Transactions Through a Blockchain-based Solution

Fintech News Desk
by Fintech News Desk0
Strategic agreement between the two companies optimizes settlement of foreign exchange transactions and reduces settlement risk Wells Fargo & Company and HSBC Bank plc announced an agreement to use a blockchain-based solution for the netting and settlement of matched foreign exchange (FX) transactions. Through this agreement, Wells Fargo and HSBC will......
Juniper Research: Blockchain to Facilitate $10 Billion Savings Globally in Cross-border Payments, as Operational Efficiencies Take Effect
Blockchain Fintech News

Juniper Research: Blockchain to Facilitate $10 Billion Savings Globally in Cross-border Payments, as Operational Efficiencies Take Effect

Fintech News Desk
by Fintech News Desk0
Cost savings will see 3,300% growth by 2030 A new report from Juniper Research has found deployment of blockchain for cross-border settlement will drive increasingly significant cost savings for banks; rising from $301 million in 2021 to $10 billion in 2030. Blockchain implementation in cross-border settlement will enable stakeholders to leverage improved......
PPRO Research Confirms Local Payment Methods Will Dominate As Cross-Border E-Commerce Grows
Digital Payments Digital Wallet E-commerce News

PPRO Research Confirms Local Payment Methods Will Dominate As Cross-Border E-Commerce Grows

Fintech News Desk
by Fintech News Desk0
PPRO launches 2021 Payment Almanac to highlight regional payment trends PPRO, the leading global provider of local payments infrastructure, released the 2021 edition of its Payment Almanac. As the global e-commerce landscape grows to be worth an expected $US 6.9 trillion by 2025, consumers expect to make purchases with their......
Ivalua Partners with TransferMate to Eliminate the Financial Friction from Cross-Border Trade
B2B Digital Payments

Ivalua Partners with TransferMate to Eliminate the Financial Friction from Cross-Border Trade

Fintech News Desk
by Fintech News Desk0
The payment process required for international trade is complex, expensive and high risk for both suppliers and buyers. The partnership with TransferMate removes this friction, creating a transparent, rapid and low-cost solution to paying suppliers anywhere in the world Ivalua, a global leader in Cloud Spend Management solutions, announces a partnership with TransferMate,......
EBA CLEARING, SWIFT and The Clearing House Join Forces to Speed up and Enhance Cross-Border Payments
Digital Payments Fintech News

EBA CLEARING, SWIFT and The Clearing House Join Forces to Speed up and Enhance Cross-Border Payments

Fintech News Desk
by Fintech News Desk0
Banks from both sides of the Atlantic have successfully exchanged payment messages for a faster cross-border payment as part of a proof of concept demonstrating the feasibility of synchronizing settlement across existing instant payment systems in one of the world’s largest currency corridors With the support of banks from both......
TerraPay Partners With Movii To Pave The Way For Seamless Cross-border Payments For Residents Of Colombia And Its Diaspora Around The World
Digital Payments Digital Wallet News

TerraPay Partners With Movii To Pave The Way For Seamless Cross-border Payments For Residents Of Colombia And Its Diaspora Around The World

Fintech News Desk
by Fintech News Desk0
Initiating the first step in its penetration of the Colombian cross-border digital payments market, TerraPay, an international payment infrastructure company,  announced a strategic partnership with MOVii, a leading mobile wallet service that enables Colombians, whether banked or unbanked, to conduct financial transactions from their mobile phones with ease, convenience and......
Zepz, Formerly WorldRemit Group, the Leading Digital Cross-border Payments Platform, Has Raised $292 Million
Digital Payments News

Zepz, Formerly WorldRemit Group, the Leading Digital Cross-border Payments Platform, Has Raised $292 Million

Fintech News Desk
by Fintech News Desk0
The funding round will allow Zepz to maximise strategic flexibility and drive further growth Zepz, formerly WorldRemit, a digital cross-border payments platform operating two market-leading brands (WorldRemit and Sendwave, acquired in 2021), with over 11 million users across 150 countries, announces it has raised $292 million in new primary financing,......
Cross-Border Payments Specialist ONEPIP Gains Competitive Edge With New Compliance Solutions From Napier
Digital Payments Fintech News

Cross-Border Payments Specialist ONEPIP Gains Competitive Edge With New Compliance Solutions From Napier

Fintech News Desk
by Fintech News Desk0
RegTech company, Napier, provider of advanced anti-financial crime compliance solutions, has announced that cross-border payment specialist ONEPIP will be using its technology as part of ONEPIP’s upgraded anti-money laundering (AML) controls. “With over 25,000 transactions worth over USD4.5bn in value since 2016, licensed operations in Hong Kong and Singapore, and planned expansion in......
Ripple Launches On-Demand Liquidity with SBI Remit to Accelerate and Grow Cross-Border Payments from Japan
Blockchain Cryptocurrency Digital Payments Fintech News

Ripple Launches On-Demand Liquidity with SBI Remit to Accelerate and Grow Cross-Border Payments from Japan

Fintech News Desk
by Fintech News Desk0
Partnering with Coins.ph and SBI VC Trade, SBI Remit Will Deliver a Superior Customer Experience with Faster and Cheaper Remittances Starting in the Philippines Ripple, the leading provider of enterprise blockchain and cryptocurrency solutions for global payments, announced the launch of RippleNet’s first live On-Demand Liquidity (ODL) service implementation in......
SWIFT Launches SWIFT Go, a Fast, Cost-Effective Service for Low-Value Cross-Border Payments
Digital Payments Fintech News

SWIFT Launches SWIFT Go, a Fast, Cost-Effective Service for Low-Value Cross-Border Payments

Fintech News Desk
by Fintech News Desk0
– New service enables businesses and consumers to send payments in seconds with full transparency and strong security – SWIFT Go is a key building block in the co-operative’s strategy to enable instant and frictionless cross-border transactions – Seven leading global banks already live with the service SWIFT announces the......
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