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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). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
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). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe […]
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. Get the Full Story Complete the...
