Cross Border Payments

Showing Latest Cross Border Payments

The Euro Banking Association: Improving cross-border payments

08 Nov 24 @ 15:49

The Euro Banking Association (EBA) has recently published findings from its survey on cross-border payments, exploring challenges and potential enhancements across the European payments landscape. This survey, conducted in Q2... read more

UBS successfully pilots blockchain-based UBS Digital Cash

07 Nov 24 @ 17:11

UBS has made significant strides in transforming cross-border payments through its latest innovation, UBS Digital Cash. This blockchain-based payment solution aims to increase efficiency, transparency, and the programmability of corporate... read more

The dollar’s share of global payments surges to 49.1%

04 Nov 24 @ 11:07

In a rapidly evolving global payments landscape, the dominance of the US dollar remains resilient even as new contenders emerge. According to recent data from SWIFT, the dollar’s share of... read more

European initiative to improve cross-currency instant payments

29 Oct 24 @ 18:38

The European Central Bank (ECB) has unveiled a new set of initiatives designed to enhance cross-currency instant payments within the European Union (EU) and potentially expand these capabilities globally. Built... read more

Project Mandala cross-border payments project deemed a success

29 Oct 24 @ 15:37

Project Mandala, developed by the BIS Innovation Hub, is a compliance solution targeting the complexities of cross-border payments for both commercial and central banks. In its recent report on the... read more

Global Payments 2024: Simplicity, but complexity beneath

22 Oct 24 @ 18:25

As the global payments ecosystem continues to evolve, 2024 presents a landscape marked by simpler user interfaces, but with growing complexity behind the scenes. According to McKinsey’s recent report, global... read more

Eurosystem launches cross-border faster payments initiative

22 Oct 24 @ 17:59

The European Central Bank (ECB) has unveiled new initiatives to enhance cross-border payments, building on its existing TARGET Instant Payment Settlement (TIPS) service. These initiatives aim to create faster, more... read more

Citi and Mastercard partner on cross-border debit payments

11 Oct 24 @ 16:34

Citi and Mastercard have announced a partnership to offer faster, more efficient cross-border payments using Mastercard debit cards across 14 global markets, with plans for expansion. Through Citi’s WorldLink Payment... read more

Alipay+ transactions triple in 2024 – Merchants benefit

11 Oct 24 @ 11:42

Alipay+, Ant International’s cross-border mobile payment venture, has revealed three trends shaping the future of tourism to the benefit of global merchants and the industry. “Tourism’s importance to economic growth... read more

The Czech payments landscape – A detailed analysis

04 Oct 24 @ 11:49

As Czechia strides towards 2025, its payments landscape is marked by significant shifts and advancements. The convergence of traditional banking systems with innovative digital solutions is driving a new era... read more

Cross-border payments: Balancing innovation, regulation and collaboration

19 Sep 24 @ 13:05

As the global demand for seamless, fast, and secure cross-border payments grows, technology is often hailed as the solution to overcoming inefficiencies in the $156 trillion market. From distributed ledger... read more

BIS selects CaixaBank for Project Agorá cross-border payments

17 Sep 24 @ 13:05

CaixaBank has been selected as one of the private entities that will be part of the Project Agorá global initiative of Bank for International Settlements (BIS) and the Institute of... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

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