JPMorgan Chase & Co. is reportedly working to expand its operations in India. The bank is expanding its payment services in the country to help clients process and move money globally, as well as pursuing partnerships with Indian FinTechs that focus on cross-border flows, Bloomberg...
The Financial Stability Board said in a press release Thursday (Oct. 9) that a 2027 cross-border payment benchmark deadline is unlikely to be met. The FSB, which represents the G20 nations, set goals in 2021, such as having 75% of cross-border payments be credited with...
The story behind Latin America’s digital payments boom isn’t necessarily about consumers abandoning cash. It’s about a financial ecosystem where mobile wallets and instant transfers are not just tools of convenience but engines of empowerment. As governments and FinTechs scale solutions from Brazil’s Pix to...
Immigrants in the United States are reportedly sending more money home amid heightened deportations. Remittances to many areas of Latin America are increasing by double digits, and the region is on pace to see $161 billion transferred from the U.S. before the year is out,...
In business, achieving clarity often accelerates action and progress, which is more valuable than simply moving fast. For much of global trade’s history, the speed of clarity has been more like a fragmented crawl. What’s been missing is a common language. Different clearing systems, legacy...
Swift is introducing rules to speed cross-border payments for consumers and small businesses. The rules, created in partnership with more than 30 banks, enable retail customers to have peace of mind when making international payments, the financial messaging network said in a Thursday (Sept. 25)...
Treasury Secretary Scott Bessent said Monday (Sept. 22) that the Treasury Department will do what it can to support Argentina and that, “All options for stabilization are on the table.” Argentina is struggling to overhaul its economy and has faced greater financial turbulence since the...
When corporate treasurers thought about innovation, it was typically unlikely that their minds drifted to remittance counters in Manila or Mexico. However, as enterprises come to demand faster, cheaper and more transparent ways to move money internationally, the tools once aimed at migrant workers and...
HSBC expanded its tokenized deposit service (TDS) to include cross-border transactions. The real-time solution for corporate clients conducted its first U.S. dollar cross-border transaction this month between Hong Kong and Singapore to optimize treasury management for Ant International, the solution’s “pioneer customer,” the banking giant...