Cross Border Payments

Showing Latest Cross Border Payments

ECA concerns over price interventions in the card market

10 Jan 25 @ 14:02

The European Union (EU) has long championed digital payments as a safer, faster and more cost-effective alternative for consumers and businesses. While the value of retail digital payments in the... read more

Mastercard and JPMorgan revolutionise cross-border payments with blockchain

20 Dec 24 @ 12:48

Mastercard and JPMorgan Chase have announced a ground breaking partnership – combining their strengths in blockchain technology – to revolutionise cross-border business-to-business (B2B) payments. This collaboration integrates Mastercard’s Multi-Token Network... read more

Pan-European OCT Inst Service goes live in RT1

17 Dec 24 @ 11:36

EBA CLEARING has announced the go-live of an OCT Inst Service, which was implemented in the pan-European RT1 System on 17 November 2024 at the request of its users. The... read more

10 payment trends to watch in 2025 and beyond

16 Dec 24 @ 11:03

From the proliferation of generative AI to the adoption of real-time payments and blockchain, the payments trends shaping 2025 and beyond will transform the future of commerce. The payments landscape... read more

PSR targets high cross-border interchange fees with proposed price cap

16 Dec 24 @ 10:32

The Payment Systems Regulator (PSR) has taken a decisive step to address the soaring costs of cross-border interchange fees on card transactions. Following a detailed review, the PSR has confirmed... read more

Optimism! Key trends shaping the payments landscape

12 Dec 24 @ 09:59

Every year, the Money 20/20 conference in Las Vegas serves as a barometer for the global payments ecosystem. The event draws banks, fintechs, tech firms and other industry players to... read more

Reviving correspondent banking: The key to cross-border payments

03 Dec 24 @ 14:27

As the global economy grows increasingly interconnected, cross-border payments have become a critical area of focus. Yet, as pointed out before by Payments Cards & Mobile, challenges such as high... read more

Norway joins Eurosystem’s TIPS

02 Dec 24 @ 15:34

In a landmark agreement, the European Central Bank (ECB) and Norges Bank have announced that Norway will integrate its currency, the Norwegian krone, into the TIPS system (TARGET Instant Payment... read more

Geopolitics and innovation: The new era of cross-border payments

28 Nov 24 @ 14:37

The global payments landscape is undergoing a seismic transformation as geopolitical tensions and technological advancements converge. With traditional systems like SWIFT under scrutiny for inefficiencies and geopolitical dependencies, emerging payment... read more

From Eurocard to Wero wallet: leveraging early initiatives as drivers for success

20 Nov 24 @ 10:32

In the world of European payments, any new development is never that far from what has gone before. Ground breaking technology inspires new working methodologies. Visionary leaders effect unique market... read more

Spain leads instant payments EPC OCT Inst scheme adoption

19 Nov 24 @ 17:23

Spain has achieved a ground breaking milestone in the evolution of global payments by becoming the first European banking area fully connected to the European Payments Council’s (EPC) One-Leg Out... read more

SentBe implements Visa Direct card transfer services

12 Nov 24 @ 08:21

SentBe, a global FX total solutions provider in Korea, has partnered with Visa and implemented Visa Direct card transfer services, which allows real-time overseas payment through Visa’s global payment network.... read more

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Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more

Global Banks set ground rules for Agentic Commerce as Fraud and Liability risks rise

27 Sep 26 @ 18:53

Six major banks have joined forces to establish principles for trusted agentic commerce, warning that the rapid adoption of AI shopping agents could outpace exi... more

UK Banks complete first live transactions using Tokenised Deposits

27 Sep 26 @ 18:52

Seven major UK financial institutions have completed the first live customer transactions using tokenised sterling deposits, marking an important step in Britai... more