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The US Federal Reserve is pushing ahead with plans to enable participants in its FedNow real-time payments system to make cross-border transfers.
Technological innovation has enabled fintechs to carve out a beachhead in cross-border payments, but banks still have cards to play.
Author: A finextra community member
Cross-border payments are no longer just for major corporations. Small businesses routinely buy inventory from overseas, pay international contractors, sell through global marketpl...
Cross-border payments are expected to reach US$290 trillion by 2030, but moving money across markets is still harder than it should be. Banks, wallets, cards, real-time payment sys...
Report – The Future of Cross-Border Payments 2027: Forging Interoperability
Author: A finextra community member
Cross-border payments are expected to reach US$290 trillion by 2030, but moving money across markets is still harder than it should be. Banks, wallets, cards, real-time payment sys...
The Federal Reserve is inching toward adding some sort of cross-border capability to FedNow, but it’s not clear when or how.
Since its launch, FedNow has significantly expanded its reach. Now, the Federal Reserve’s network is moving toward another milestone: supporting cross-border payments. Until this p...
As fintechs rapidly rewrite the rules of global payments, legacy banks are facing a difficult reality: adapt quickly or risk losing customers. Even cross-border payments—once firml...
Cross-border payments remain slow and expensive but fintech outfits such as Wise and Remitly have substantially cut costs relative to traditional retail bank wires while stabelcoin...
FedNow has moved closer to supporting cross-border payments as Federal Reserve Financial Services prepares early institutions to test enhanced messages for the U.S. leg of internat...
Author: A finextra community member
Stablecoins can cross a blockchain in minutes, but a transfer between wallets does not establish that a supplier was paid or a migrant sent money home. New classifications put obse...
With a robust regulatory framework and innovative payment solutions, Pay10 empowers Indian businesses to seamlessly engage in global trade while enhancing local transaction efficie...
In 2021, the G20 set a clear ambition: make cross-border payments cheaper, faster, more transparent ...
Miami-based community bank Terrabank has teamed up with TerraPay, a global money movement company, and payments technology platform Mozrt to offer cross-border payments. Clients wi...
Most small and medium-sized businesses (SMEs) trading internationally are set to switch their current cross-border payment provider in the next two years, according to a Mastercard...
The best way forward is for the bloc to provide a broad template, even as the details are worked out bilaterally
Many mistakenly think global expansion is one successful move that defines everything. In practice, ...
XTransfer, a global B2B cross-border trade payment platform, signed strategic cooperation agreements with China ZheShang Bank (CZ Bank) and Industrial Bank Co., Ltd. (CIB) during t...
Swift has launched an initiative to bring the pay-by-alias experience of domestic national payment systems, Bizum, PayID and Pix, to cross-border transactions, enabling consumers t...
In November 2025, Brazil's central bank published a new licensing framework for anyone offering virtual-asset services connected to payments in its market. The rules took effect on...
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