Global

DuitNow and PayNow Partner to Revolutionise Cross-Border Payments

Fintech Global

“The DuitNow-PayNow linkage offers instant, secure, and cost-effective person-to-person (P2P) fund transfers and remittances between Malaysia and Singapore.”

Companies

Launch of Cross-Border Qr Payments Linkage Between Indonesia and Singapore

MAS

“Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore.”

Tags: Monetary Authority of Singapore

Global

Singapore Pilots Next Generation QR Mobile Payments Service

NFCW

“The Monetary Authority of Singapore (MAS) is testing an upgraded version of its SGQR unified QR payment code that will enable merchants to accept QR code payments made using a wider range of local and cross-border payment schemes through a single financial institution rather than having to maintain commercial relationships with individual payment scheme providers.”

Tags: Singapore

Companies Global

Ripple Partners with Onafriq to Power Digital Asset-Enabled Cross-Border Payments Between Africa and the Rest of the World

Business Wire

“Ripple, and payments fintech Onafriq, previously MFS Africa, announced that they are partnering to facilitate digital asset-enabled cross-border payments between Africa and several new markets, including the Gulf Cooperation Council (GCC), the UK and Australia.”

Tags: Australia UK

Companies

Paysend Announces Agreement with Western Union to Bolster Global Money Transfer Services

PR Newswire

Paysend, a card-to-card and international payments platform, announced an agreement with Western Union to provide seamless and efficient cross-border money transfer capabilities.

Tags: Paysend Western Union

Open Banking

From Open Banking to Open Finance: Redefining the Financial Services Landscape

The Consumer Financial Protection Bureau (CFPB) just released proposed rules for Open Banking in the U.S. which offer a framework for understanding Open Banking roles, role-based requirements and rights, and timelines for implementation, among other things. This long-awaited proposal lays the groundwork for a more mature approach to Open Banking in the U.S., or dare […]

Industry

Cross-Border Payments Search for Their Netflix Moment

Global Banking | Finance

If only cross-border payments were as simple as watching a movie.  And they can be.

Companies

Mastercard and Remitly Join Forces to Expand Access to Cross-Border Payments

Mastercard

“Remitly Integrates Mastercard’s Send and Cross-Border Services to Provide Customers More Choice in How they Send and Receive Money Abroad”

Tags: Mastercard Remitly

Companies

Committee on Payments and Market Infrastructures (CPMI) Sets Out Harmonised ISO 20022 Data Requirements for Enhancing Cross-Border Payments

BIS

“CPMI publishes harmonised ISO 20022 data requirements, establishing a consistent minimum set of messaging data for more efficient cross-border payments.”

Tags: Bank for International Settlements

Companies

Temenos Leads Evolution in Correspondent Banking as Banks Seek to Modernize Cross-Border Payments in the Cloud

GlobeNewswire News Room

“Temenos solution supports the rapid addition of new payment rails and payment types, helping banks to stay ahead of market changes and grow profitable cross-border payment services”

Tags: Temenos

Cross-border Payments Financial Inclusion Global Payments

Decoding a cross-border business payment to Rwanda: detailing the journey, the costs, and our observations

By Elizabeth McQuerry, Cici Northup, & Victor Malu   Introduction Glenbrook is based in the U.S., but we work on projects around the world; our global practice often supports clients in emerging markets. From time to time, for more formal proposal processes, we are asked to provide a corresponding bid security. For anyone not familiar […]

Glenbrook

Decoding a cross-border business payment to Rwanda: detailing the journey, the costs, and our observations

Glenbrook Partners LLC

“This Payments Views post by Elizabeth McQuerry, Cici Northup, and Victor Malu attempts to capture the process of sending a bid security to Rwanda, and illustrates the challenges and uncertainties that sometimes are part of the cross-border payment process.”

Cross-border Payments Global Payments PaymentsPost

Payments Post #7: Glenbrook's September Roundup - Sibos, India, and a Connected Future

This month, Payments Post is going global. We’ll jump to Canada as we explore themes from Sibos and then to India to take a look at a leader in next-generation national payment schemes. We’re joined by Cici Northup, Associate Partner in our Global practice, alongside our usual curator Justin Pituch. Sibos highlights global payment aspirations […]

Tags: Fintech

Companies Global

Bank ABC Introduces JPM Coin Payments in Bahrain

Zawya

“Bank ABC has become the first Middle East bank to introduce faster cross-border payments to specific corridors for corporates and financial institutions using JP Morgan’s Coin Systems. Coin Systems is a blockchain-based permissioned system that serves as a payment rail and deposit account ledger and sits within Onyx by JP Morgan.”

Tags: Middle East

Companies

Sibos TV: Better Preparing for T+1 Settlements [Video]

YouTube

“The move to T+1 in the US and Canada will have a significant impact upon settlement and post-trade processes, especially on cross-border payments. With reduced timelines for processing, Jonathan Ehrenfeld, Head of Securities Strategy at Swift and Samuel Riley, CEO of Clearstream Securities Services speak explain how better automation and new technology such as unique […]

Tags: Sibos