Cross Border Payments

Showing Latest Cross Border Payments

ECB and Brazil explore cross-border link between TIPS and Pix

06 Sep 26 @ 19:32

The European Central Bank and Banco Central do Brasil are examining whether Europe’s TIPS instant-payment infrastructure could be connected with Brazil’s hugely successful Pix network, potentially creating a new real-time... read more

TerraPay and Deutsche Bank expand cross-border payments

20 Aug 26 @ 16:26

TerraPay has struck a collaboration with Deutsche Bank designed to strengthen its global settlement infrastructure and improve the speed and reliability of cross-border payment flows. The agreement will give TerraPay... read more

One Counterparty, One Audit Trail: FinchTrade’s Case Against the Correspondent Banking Chain

29 Jul 26 @ 17:56

ZUG, Switzerland — July 28, 2026 — It’s well known that a cross-border payment goes through a chain of correspondent banks before arriving to the receiver. Every link adds the... read more

Mastercard and Backbase join forces to enhance payments

16 Jun 26 @ 18:16

Mastercard and Backbase have announced a strategic partnership aimed at helping banks modernise international payments, integrating Mastercard Move into Backbase’s AI-native Banking Operating System to enable faster, more transparent and... read more

FedNow edges towards a cross-border role

16 Apr 26 @ 11:46

The US Federal Reserve has taken a potentially significant step towards extending FedNow beyond purely domestic payments. By opening a 60-day consultation on proposed amendments to Regulation J, the central... read more

China pushes CIPS to compete with Western payment networks

31 Mar 26 @ 19:07

China is intensifying efforts to position its Cross-Border Interbank Payment System, or CIPS, as a more credible alternative to the Western-dominated architecture that has long underpinned international payments. The move... read more

Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail transactions. The initiative, backed by a coalition of more than... read more

Visa extends real-time money movement into mainland China

10 Feb 26 @ 17:30

Visa is pushing deeper into one of the world’s most strategically important payment corridors, announcing a partnership with UnionPay International to enable cross-border, real-time payments into mainland China. The agreement... read more

Major European wallets agree cross-border payments rollout

09 Feb 26 @ 13:24

Europe’s long-running ambition to reclaim control over its payments infrastructure has taken a tangible step forward. A new memorandum of understanding signed by Bancomat, Bizum, SIBS, Vipps MobilePay and EPI... read more

BIS Project Agorá moves from blueprint to reality

19 Jan 26 @ 17:27

Project Agorá, the flagship cross-border distributed ledger initiative led by the Bank for International Settlements, has entered its long-anticipated testing phase. After progressing from design to prototype build during 2025,... read more

High court clears way for UK cap on cross-border interchange fees

15 Jan 26 @ 21:00

Revolut, Visa and Mastercard have failed in a High Court bid to block a proposed UK cap on cross-border card interchange fees. The decision hands a significant legal victory to... read more

Swift’s blockchain pilot signals a turning point for cross-border payments

06 Jan 26 @ 14:10

A new pilot involving Swift, Ant International and HSBC offers a glimpse of how blockchain-based money could integrate with the plumbing of the global financial system. The test demonstrated cross-border... read more

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RBC and BMO sell Moneris to Francisco Partners for C$2bn

13 Aug 26 @ 15:19

Royal Bank of Canada and Bank of Montreal have agreed to sell their jointly owned payments processor Moneris to private equity group Francisco Partners in a C$2... more

TerraPay and Deutsche Bank expand cross-border payments

20 Aug 26 @ 16:26

TerraPay has struck a collaboration with Deutsche Bank designed to strengthen its global settlement infrastructure and improve the speed and reliability of cros... more

Wero delays Luxembourg launch to strengthen market readiness

10 Aug 26 @ 20:40

The European Payments Initiative (EPI) has postponed the launch of its Wero digital wallet in Luxembourg until 1 September 2026, pushing back its original June ... more