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

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

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

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

10 Sep 24 @ 11:01

Japan’s three largest banks, Mitsubishi UFJ Financial Group, Mizuho Financial Group, and Sumitomo Mitsui Financial Group, are taking bold steps toward revolutionising cross-border payments with the launch of Project Pax.... read more

05 Sep 24 @ 15:02

The global cross-border payments market is on track to hit $290 trillion by 2030, driven by rising international e-commerce, global workforce mobility, and the adoption of digital payment solutions, according... read more

12 Jul 24 @ 13:50

Cross-border payments have long been a critical aspect of global finance, facilitating trade and economic interaction across nations. However, the complexities and inefficiencies associated with these transactions have often led... read more

15 May 24 @ 16:33

With the world now accustomed to completing business transactions in three seconds or less, there is an opportunity for bankers to consider central bank digital currencies as a platform for... read more

12 Apr 24 @ 13:09

The Bank for International Settlements (BIS) together with seven central banks has announced plans to join forces with the private sector to explore how tokenisation can enhance the functioning of... read more

15 Jan 24 @ 16:20

The U.S. Faster Payments Council (FPC), has published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World. This new report builds on the FPC’s... read more

09 Jan 24 @ 16:37

Ever since the time of Shakespeare’s Merchant of Venice, the question of how to trust that people in other countries would pay you in full and on time has kept... read more

05 Jan 24 @ 12:43

The recent explosion in e-commerce has created huge opportunities for Small and Medium Enterprises (SMEs) globally  – yet capitalising on these opportunities is challenging, especially in cross-border payments. In a... read more

10 Nov 23 @ 14:16

As a growing number of people move overseas for jobs that allow them to better support their families, remittances and cross-border payments play a key role of getting their money... read more

02 Nov 23 @ 17:43

In recent decades, the world has witnessed a remarkable surge in cross-border payments, driven by the globalisation of trade, capital and migration flows. Global payments are expected to rocket from... read more

05 Jul 22 @ 10:30

Cross-border payments are growing every year as consumers seek out more choice and better prices from markets around the world. Currently worth around $2.5 trillion annually, business to consumer e-commerce... read more

10 Dec 21 @ 09:00

SWIFT announced the availability of its new In-flow Translation service and confirms that it now offers a full ISO 20022 customer testing environment for cross-border payments. In-flow Translation will enable... read more

09 Nov 21 @ 11:03

Following on from yesterdays article on mCBDC and cross-border payments, a second study, looking at the same problem from a different angle, has found deployment of blockchain for cross-border settlement... read more

08 Nov 21 @ 11:27

Global corporates move nearly $23.5 trillion across countries annually, equivalent to about 25% of global GDP. To do this, they have to rely on wholesale cross-border payment processes which remain... read more

12 Oct 21 @ 13:58

Banks from both sides of the Atlantic have successfully exchanged payment messages for a faster cross-border payments as part of a proof of concept demonstrating the feasibility of synchronising settlement... read more

11 Oct 21 @ 08:45

Global cross-border payment flows are expected to reach $156 trillion in 2022. This trillion-dollar cross-border payments market is being shaken up by a rush of new entrants that promise to... read more