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Episode 253 - Glenbrook Partners: 2024 Payments Industry Trends Wrap Up

The Glenbrook partners reflect on key trends and challenges in the payments industry that shaped 2024 - from generative AI, open banking, the evolving regulatory landscape, and the rise of fast payment systems worldwide. And you can't get the Glenbrook team in a "room" without discussing ongoing fraud implications, orchestration in merchant payments, and the progress of tokenization. Tune in to hear insights from our industry experts on these themes and more as we wrap up the year and look towards 2025.

Global

Tranglo Expands Cross-border Payments to Seven African Countries 

Yahoo Finance

“Cross-border payments company Tranglo has further deepened its reach to seven African countries, aiming to enhance financial inclusion across the continent. This move supports payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia.”

Tags: Africa

Global

European Mobile Payment System Wero Launches in Belgian Banks

MSN

“BNP Paribas Fortis, Belfius, ING and CBS are now offering customers in Belgium Wero through their apps, according to the European Payments Initiative. The digital wallet is also operational in Germany and France, enabling cross-border payments across Western Europe.”

Tags: Belgium

Companies

Mastercard’s MTM Connects to J.P. Morgan’s Kinexys Digital Payments for Settlement

Mastercard

“Mastercard’s Multi-Token Network (MTN) has connected to Kinexys Digital Payments as a payment settlement solution to enhance the availability of B2B cross-border payments to business applications on MTN. Kinexys Digital Payments is a next-generation payment rail powering real-time value transfer using commercial bank money, offered through Kinexys by J.P. Morgan, the firm’s blockchain business unit.”

Tags: JPMorgan Chase Mastercard

Payments Testing Technology

Episode 252 - Testing, Testing, 123: Payments has evolved in the past 20 years, what about payments testing? with Steve Semelsberger, Testlio

Steve Semelsberger, CEO of Testlio, joins Yvette Bohanan and Drew Edmond to discuss the evolution of quality management alongside payments testing.

Companies

PayPal PYUSD To Bring Speed and Reduced Costs to Cross-Border Payments with Xoom

PayPal Newsroom

“PayPal announced it will be enabling disbursement partners to use PayPal USD (PYUSD) to settle cross-border money transfers made with Xoom. Cebuana Lhuillier and Yellow Card will be the first Xoom disbursement partners to use PYUSD to settle cross-border money transfers, allowing them to leverage the cost and speed advantages of blockchain technology.”

Tags: PayPal

Companies

Deutsche Bank Highlights Crypto’s Growing Role in BRICS Cross-Border Payments

ICO Desk

“According to reports by Deutsche Bank, there has been a clear change in the conduct of international finance. This is because BRICS nations are now relying on cryptocurrencies like Bitcoin to conduct cross-border businesses due to geopolitical tensions.”

Tags: Deutsche Bank

Companies

Project Mbridge Reached Minimum Viable Product Stage

BIS

“Project mBridge reached the minimum viable product (MVP) stage in mid-2024. The project aimed to explore a multi-central bank digital currency (CBDC) platform shared among participating central banks and commercial banks, built on distributed ledger technology (DLT) to enable instant cross-border payments and settlement.”

Tags: Bank for International Settlements

Global

Thunes and Papara Establish a Bilateral Partnership to Enable Cross-Border Transfers to and From Türkiye

PR Newswire

“Thunes welcomed Papara, Türkiye’s leading fintech company, as a new Member of its Direct Global Network, and allies to facilitate cross-border payments to and from Türkiye. This collaboration empowers Papara users in Türkiye, enabling them to send money into 3 billion mobile wallet accounts, 4 billion bank accounts, and 15 billion cards in over 80 currencies to […]

Tags: Türkiye

Global

FNB Launches First Instant Cross-Border Payment Solution in SADC

The Namibian

“First National Bank (FNB) has become the first financial institution in the country to introduce an enhanced cross-border payment solution. The bank will utilise BankservAfrica’s Transactions Cleared on an Immediate Basis (TCIB) solution. Through its implementation, the bank now enables near real-time payments, reducing the barriers to cross-border financial transactions, promoting regional trade and economic […]

Tags: Africa

Global

Ant International Drives AI in Cross-Border Payments to Boost Global Expansion

South China Morning Post

Ant International is deploying artificial intelligence to improve cross-border payments for small-and medium-sized enterprises (SMEs) worldwide. The AI model predicts currency exchange rates on an hourly basis for both inbound and outbound transactions, helping businesses reduce transaction costs and better allocate resources.

Tags: China

Reports

Central Bank Digital Currency: Progress And Further Considerations

International Monetary Fund

“The paper briefs the Executive Board on the further considerations on CBDC. These cover the positioning of CBDC in the payments landscape, cyber resilience of the CBDC ecosystem, CBDC adoption, CBDC data use and privacy protection, implications for monetary policy operations, and cross-border payments with retail CBDC.”

Industry

DLocal, Viva Aerobus Partner to Ease Payments for Travellers

Electronic Payments International

“Cross-border payments platform dLocal has forged an alliance with Viva Aerobus, a Mexican ultra-low-cost airline. This partnership aims to simplify local payment processing for travelers in Mexico, the USA, and Colombia.”

Global

Ecobank Partners With Nium to Unlock Real-Time Cross-Border Payments Across 35 African Markets

PR Newswire

“Nium, a global infrastructure provider for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated, an independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.”

Banking Industry Cross-border Payments Data Financial Inclusion Treasury & Cash Management

Episode 251 - Bridging the Communication Gap Between Treasury and Payments with Debopama Sen, Citi Treasury and Trade Solutions

Debopama Sen, Head of Payments at Citi Treasury and Trade Solutions, joins Glenbrook for this episode to explore how treasury and payments professionals can collaborate on opportunities presented by the evolving payments landscape.