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Time taken for cross-border trade payments to be cut to minutes from days under the programme. Pilot could go nationwide in due course, banker says
Federal Reserve and European Central Bank among institutions that contributed to report laying out key requirements for CBDCs. China’s PBOC wasn’t involved.
Central bank has developed offsite monitoring system for payment settlements and will continue to support SupTech’s adoption, according to its deputy governor.
For banks that deal with small businesses and B2Bs, the future lies in the right infrastructure for low-value payments. SWIFT's new pilot aims to run low-value payments on gpi's rails
Business-to-business payments, which have much higher value on average than consumer payments, will account for 89% of global transaction values, Juniper Research says
Platform, called Trusple, claims to build trust among multiple parties and reduce tracking and verification related costs for participating financial institutions.
Collaboration comes against backdrop where transaction banking is key to lenders’ profitability while low interest rates crimp income from loans.
Delaying supplier payments is often a treasury quick fix but be careful – it can lower your customer status, affect prices and pose a threat to your supply chain security
Keep on truckin’ is the motto in India, where the nation’s hauliers can use an award-winning solution from DBS/TCIL to get paid through their phones anywhere, anytime.
Covid-19 is affecting the payments industry, which may see a fall in revenues this year, but analysts are saying that the pandemic could be the best thing that ever happened to it