Trial payments from Asia to Australia puts GPI on the map but speed is less critical to treasurers than tracking the payment and keeping correspondent banks on their toes.
This Visa/Corporate Treasurer roundtable drills down on corporate cash management behaviour, the problems of forecasting and how to relieve supplier payment bottlenecks
Banks have been experimenting with Ripple’s technology, which could make payments far more efficient, but a recent report questions whether it can handle larger volumes.
Singapore Airlines has introduced a programme through RBS to allow customers to pay in any of six currencies and to know the price in each currency that they will be billed in.