Cash pay-outs are still often used in emerging markets where some suppliers don’t hold bank accounts. FX risks, retail relationship management and service fees add to the costs on companies, with Thailand being the ...
Cross-border payments players globally saw a 35% decline in M&A activities in the first three quarters 2023, according to analysis from FXC Intelligence.
The partnership offers suppliers access to payments at an earlier stage of the traditional supply chain, enabling more efficient release of working capital.
The partnership will enable GTreasury’s network of more than 800 large corporate and enterprise clients to integrate with Convera’s payments platform, enabling access to global banking networks.
The payments player has proven interoperability between legacy and emerging infrastructure to enable cross-border use of CBDCs, but questions around financial intermediation and credit provision remain.