cross-border payments

Cross-border payment is a term referring to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.

(source: kantox.com)

Jeeves and Bexs Partner on Cross-Border B2B Payments in Brazil
Jeeves and Bexs Partner on Cross-Border B2B Payments in Brazil
November 09, 2023  |  Partnerships

Jeeves and Bexs have partnered to launch a fully digital platform for cross-border business payments out of Brazil. With the collaboration, Jeeves makes it easier...

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Visa Completes Pilot Test of CBDC in Hong Kong
Visa Completes Pilot Test of CBDC in Hong Kong
November 02, 2023  |  CBDC

Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs)....

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Paysend and Western Union Partner on Cross-Border Money Transfer Services
Paysend and Western Union Partner on Cross-Border Money Transfer Services
October 30, 2023  |  Cross-border Payments

Paysend, a card-to-card and international payments platform, and Western Union, a provider of cross-border money movement and payment services, have partnered on cross-border money transfer services....

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Private Sector and Messaging Standards Target Cross-Border Interoperability Challenges
Private Sector and Messaging Standards Target Cross-Border Interoperability Challenges
October 30, 2023  |  Cross-border Payments

As faster payments schemes take shape around the globe — in the U.S., the FedNow® Service is the latest example — realizing the full potential...

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Citi Says Winning the End Customer Experience Is Future Battleground for Banks
Citi Says Winning the End Customer Experience Is Future Battleground for Banks
October 30, 2023  |  Banking

Institutional inertia is real, and it’s holding some incumbent businesses back while digital upstarts flourish. This situation is particularly acute for financial institutions (FIs) that...

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Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
October 27, 2023  |  Cryptocurrency

Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital...

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ISO 20022, Open Banking Will Transform Cross-Border Payments
ISO 20022, Open Banking Will Transform Cross-Border Payments
October 26, 2023  |  Cross-border Payments

Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and...

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Western Union Sees 3% Revenue Growth in Digital Business
Western Union Sees 3% Revenue Growth in Digital Business
October 25, 2023  |  Earnings

Western Union, a provider of cross-border money movement and payment services, has focused on digital conversion to enhance its services and improve customer experiences. The...

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BNY Mellon Debuts ‘Universal’ Foreign Exchange Platform
BNY Mellon Debuts ‘Universal’ Foreign Exchange Platform
October 25, 2023  |  Banking

BNY Mellon has introduced a foreign exchange (FX) platform that lets clients execute transactions across portfolios. Universal FX, announced Wednesday (Oct. 25), follows the bank’s earlier debut of...

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