Posts Tagged ‘cross-border payments’

NetXD has announced the expansion of its payments collaboration with Visa B2B Connect to onboard banks in Asia, following the successful onboarding of several banks across eight countries in Europe and the Americas.

Discover the impact of ISO 20022, cross-border payment digitisation, and artificial intelligence on the banking sector’s payment efficiency.

Standard Chartered partners with Visa for efficient cross-border payments. Find out how this network simplifies B2B transactions and reduces costs.

Learn about the future of cross-border payments and the transformative impact of the RTP® network. Stay updated on recent regulatory changes.

BAFT’s inaugural 2024 International Trade and Payments Conference brought together experts to discuss the state of trade and payments.

Today, Visa announced a partnership with Western Union, helping increase cross-border payments access 40 countries spanning five regions.

At MC13, 27 February, a group of leading international organisations forged an agreement to promote a unified goal of developing a neutral, open, non-profit, and inclusive digital platform for sharing trade data. 

Discover how ISO 20022 can reshape the world of trade finance and what banks need to do to prepare for a global adoption.

2024 is set to bring about significant changes in finance and banking. Driven by a convergence of cutting-edge technologies, the industry-wide transition to ISO 20022, the rise of digital currencies, and innovative AI-powered solutions, the year holds promise for considerable advancements and enhanced alignment between fintech and traditional financial institutions. 

Over the past years, international trade has been challenged by various factors. According to the 2023 Digital and Sustainable Trade Facilitation Global Report, while global merchandise trade volumes in 2021 displayed a strong recovery from the contraction suffered in 2020 due to COVID-19, trade growth slowed down in 2022.    

According to Mastercard’s 2023 Borderless Payments Report millions of consumers and SMEs worldwide are increasingly dependent on both intra and cross border payment flows. 

Remittances to countries with low and middle incomes experienced a growth of 3.8% in 2023, showing a slowdown compared to the substantial increases of the preceding two years. 

Buy-now-pay-later solutions will turbocharge growth in B2B e-commerce, combining trade credit insurance with a seamless digital purchasing experience.

The ISO 20022 format is a set of data and messaging that is integrated into an instant payment or any other cross-border transaction. 

Trade Finance Global (TFG) was at the heart of these conversations, offering a unique and insightful perspective on the future of trade finance. After some time to reflect, here are our top takeaways from the jam-packed conference.