Pandemic-driven shifts in consumer needs have prompted players in the global financial sector to take a second look at how they are managing payments. What has come into focus is that U.S. banks, businesses and even government entities still lean heavily on outdated legacy methods...
To gain speed and transparency, cross border payments need new infrastructure. Recent news show partnerships among banks, and in some cases, consortiums of FIs. Some efforts target blockchain, too – all with the ultimate goal of boosting trade finance and supply chain finance efficiencies.
Several of the largest banks in the Nordic region have reached an agreement to finance the development and rollout of instant payment system P27, Reuters reported Wednesday (Oct. 9). The initiative would create a real-time payments service that consolidates existing payment services into a single...
A group of banks in Europe said they are trialing SWIFT instant gpi cross-border payments. Elsewhere, Square has launched a payment processing service for CBD firms.
October 09, 2019
Several of the largest banks in the Nordic region have reached an agreement to finance the development and rollout of instant payment system P27, Reuters reported Wednesday (Oct. 9). The initiative would create a real-time payments service that consolidates existing payment services into a single system, reports explained. Both consumers and businesses would be able […]
May 28, 2019
The Nordic’s P27, a bank-owned initiative to create a common payments platform across the region, is looking into buying Swedish clearing payment firm Bankgirot. P27 is a joint initiative created...
