cross border payments RSS
IBM launches global payments network based on blockchain
IBM has created a real-time, global payments network to support cross-border transactions and foreign exchange in more than 50 countries using cryptocurrencies or “stable coins.” IBM Blockchain World Wire will... more
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SWIFT extends gpi to all banks for cross border payments
The SWIFT Community is to universally adopt the gpi service, in a move which will see all 10,000 banks on SWIFT’s global network use the global payments innovation service (gpi)... more
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Ripple and Swift in arm wrestle over cross-border payments supremacy
It would appear that a new rivalry is raging that looks set to decide how cross-border payments are handled for decades to come. It is a contest that encapsulates much... more
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The four best ways to make cross-border payments
Almost half (45%) of corporates see a bank’s B2B payables and cross-border payments offering as being a very or extremely important factor in the bank selection process. In its 2017 B2B Payments & Working Capital Management Survey report, it also found that at least 24% of respondents operate in each of the world’s 10 major [...]
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European Commission proposes cheaper cross-border payments
The European Commission has announced what the industry sees as a long overdue proposal to make cross-border payments in euro cheaper across the entire EU. Consumers and businesses in the euro area already have benefited from low fees for cross-border payments in euro since 2001. Under current rules, there is no difference for euro area [...]
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