Swift
“As the global payments community continues its transition to ISO 20022, the new global standard for cross-border payments, a new milestone is on the horizon. A key component of the transition will be the removal of unstructured postal addresses, planned for November 2026 as part of the SR 2026 standards release. The removal of unstructured […]
CCN
“Over 50 banks are adopting a new framework designed to make cross-border retail payments faster, more transparent, and predictable. The initiative promises upfront fee transparency, full-value delivery, faster settlement, and end-to-end tracking. Up to 80% of payment delays occur after funds reach the destination bank, something SWIFT aims to fix with this new framework. As SWIFT improves speed, […]
Paperjam
“With reduced costs and rapid deployment, Wero is establishing itself as a credible alternative to cards in Europe. Behind this pressure on everyday payments, the bulk of Visa and Mastercard’s profitability is based on cross-border flows, a high value-added segment that European infrastructures do not yet cover. Stablecoins, particularly at Visa, could strengthen this position.”
Thunes
“Thunes unveiled a major breakthrough in cross-border payments by offering its Pay-to-Stablecoin-Wallets solution to banks globally through their existing Swift connectivity. This innovation enables the 11,500 institutions on the Swift network to send real-time payments to more than 500 million stablecoin wallets worldwide, with zero additional integration. Thunes acts as a bridge between the fiat […]
Disruption Banking
“Mastercard announced a collaboration between Mastercard Move, its money movement platform, and Bank of Shanghai (BoS) to enable seamless, bi-directional payment flows between China and global markets. As international trade, migration and education continue to grow, people and businesses increasingly rely on fast, predictable and transparent global payments. The integration of BoS into Mastercard Move […]
Swift
“Last year, we announced plans to transform the cross-border payment experience with the launch of a new scheme, designed to ensure consistently fast, predictable and transparent payments worldwide. Thanks to progress in 2026, consumers and small businesses receiving payments across a range of countries, including five of the world’s ten largest remittance markets, will be […]
JPMorgan
“Stablecoins are primarily used as the “cash” or “base asset” for on-chain trading. with emerging use cases in cross-border payments, treasury management, and tokenization – offering faster, lower-cost, and more flexible alternatives to traditional financial services. Stablecoins offer a unique blend of crypto asset benefits and stability through their pegging mechanisms. Whether backed by fiat, crypto, […]
Mastercard
“Mastercard announced a collaboration between Mastercard Move, its money movement platform, and Bank of Shanghai (BoS) to enable seamless, bi-directional payment flows between China and global markets. As international trade, migration and education continue to grow, people and businesses increasingly rely on fast, predictable and transparent global payments. The integration of BoS into Mastercard Move streamlines […]
BIS
“Cross-border payments (XBP), particularly remittances and retail transactions, remain more costly, slower, less accessible, and less transparent than domestic payments. The continued inefficient XBP arrangements, in contrast to progress made in domestic payments using new technologies and innovative models, reflect that private actors alone cannot overcome the many market failures that hinder XBP.”
Entrepreneur
“Traditional payment systems do not actually move money. They move instructions. When someone swipes a card or sends a bank transfer, value does not settle. A message is sent through processors, networks, banks and correspondent banks, each keeping its own ledger and promising to reconcile later. This is why settlement is slow, why cross-border payments […]
Banking Exchange
“BNY has partnered with global financial messaging network SWIFT to develop a blockchain-based ledger designed to enhance cross-border payments and support the settlement of tokenized assets. Rather than replacing existing systems, the initiative will focus on building an interoperable layer designed to complement SWIFT’s established global messaging network.”
BIS
“The CPMI’s harmonised ISO 20022 data requirements for cross-border payments (harmonisation requirements) are a key milestone under the G20 roadmap for enhancing cross-border payments. ISO 20022, an international financial messaging standard, enables more consistent and structured data, supporting the objectives of faster, cheaper, more accessible, and transparent cross-border payments. Variability in ISO 20022 implementation, however, […]
Faster Payments Council
“This report published by the FPC Cross-Border Payments Work Group, sponsored by Mastercard, explores the most pressing challenges facing B2B cross-border payments and practical strategies for addressing them. While cross-border B2B transactions remain critical to global trade, many organizations still contend with friction around settlement speed, liquidity management, foreign exchange, compliance, data quality, and fraud risk.”
SQ Magazine
“Stablecoins have emerged as a cornerstone of digital finance, blending the speed and accessibility of blockchain with the stability of fiat currencies. Stablecoin transaction volumes reached unprecedented heights, with on-chain activity underscoring their expanding role across global markets. Corporations are using stablecoins to settle cross-border payments instantly, reducing costs and delays vs traditional banking rails. […]
Reuters
“India is in talks with China-related Ant International to allow digital payments platform Alipay+ to be linked to India’s leading instant payments system for cross-border transactions, two government sources told Reuters. The move would help make payments easier for Indian tourists as they would be able to use India’s Unified Payments Interface (UPI) with merchants […]