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

More Central Banks Will Build New Clearing Houses for Real-Time Payments

More Central Banks Will Build New Clearing Houses for Real-Time Payments
More Central Banks Will Build New Clearing Houses for Real-Time Payments
December 10, 2021  |  Payment Methods

The pandemic has accelerated the growth of real-time payments (RTP), with banks, merchants and consumers seeking ways to send and receive funds domestically as well...

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China Pilots Connection Between Digital Yuan and Hong Kong Fast Payment System
China Pilots Connection Between Digital Yuan and Hong Kong Fast Payment System
December 09, 2021  |  CBDC

China is now working on connecting its nearly finished central bank digital currency (CBDC) to Hong Kong’s Fast Payment System. Get the Full Story Complete...

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Consumers Bring Domestic eCommerce Demands to Growing Cross-Border Transactions
Consumers Bring Domestic eCommerce Demands to Growing Cross-Border Transactions
December 09, 2021  |  Cross-border Payments

More than a decade ago, when cosmetics company 100% Pure was starting to sell internationally, it ran a separate website for each country, which “was...

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60% of US and UK Businesses Report Cross-Border Payment Fraud as Pain Point
60% of US and UK Businesses Report Cross-Border Payment Fraud as Pain Point
December 08, 2021  |  B2B Payments

With professionals around the globe working from home during the pandemic, and many using their home networks and personal devices to conduct business, many have...

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Indonesia, UAE Banks Collaborate on Cross-Border Payments
Indonesia, UAE Banks Collaborate on Cross-Border Payments
November 30, 2021  |  Cross-border Payments

The central banks of Indonesia and the United Arab Emirates (UAE) have signed an agreement to boost payment system cooperation. Get the Full Story Complete...

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Study: 58% of Multinational Firms Use Cryptocurrencies
Study: 58% of Multinational Firms Use Cryptocurrencies
November 28, 2021  |  Cryptocurrency

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Only 10% of Banks Support Crypto — Usually Bitcoin — for Cross-Border Deals
Only 10% of Banks Support Crypto — Usually Bitcoin — for Cross-Border Deals
November 19, 2021  |  Cryptocurrency

Despite the availability of new payment options, many financial institutions (FIs) lag behind marketplace interest in cross-border payments innovations, especially when providing B2B access to...

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Repairing Regulatory Fragmentation Will Spur Cross-Border Payments Across Africa
Repairing Regulatory Fragmentation Will Spur Cross-Border Payments Across Africa
November 15, 2021  |  Legal & Regulation

Cross-border payments are an integral part of day-to-day operations for individuals and businesses in Africa, but transferring funds across the 54 countries in the region...

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