Headlines AfricaMar 17
Africa: Xtransfer Targets Africa to Fix Costly Cross-Border Payments for SMEs: [New Times] China-based fintech platform XTransfer is accelerating its expansion into Africa after recording more than 300 per cent growth in the region last year, as small and medium-sized enterprises (SMEs) increasingly seek faster and cheaper ways to handle cross-border trade payments, according to a senior leader at the firm. http://newsfeed.facilit8.network/TRXgY6 #Africa #Fintech #CrossBorderPayments #SMEs #XTransfer
Kanishka NaikMar 1

Fintech companies have entered cross-border payments by building closed-loop networks that bypass parts of the traditional correspondent banking chain, offering faster speeds, lower costs, and greater transparency.

#Fintech #CrossBorderPayments #Remittance

Kanishka NaikMar 1

The Financial Stability Board identifies four persistent challenges in cross-border payments: high costs, low speed, limited access, and insufficient transparency. The G20 has made addressing these a priority.

#CrossBorderPayments #Fintech #FSB

Kanishka NaikMar 1

Cross-border payments are financial transactions between parties in different countries. They require moving value across separate national payment systems, currencies, and regulatory frameworks.

#CrossBorderPayments #Fintech #GlobalPayments

Kanishka NaikFeb 25

Fintech enables cross-border financial transactions, reducing dependence on physical bank proximity for individuals and businesses.

#GlobalFintech #CrossBorderPayments

Kanishka NaikFeb 25

Cross-border remittances are costly via traditional banks. Fintech platforms offer lower fees and faster transfers.

#Remittances #CrossBorderPayments

Headlines AfricaJan 15
Africa: Nala and Noah Launch Stablecoin Settlement Network for Africa and Asia: [Daba Finance] NALA has partnered with UK-based payments infrastructure provider Noah to launch a cross-border settlement network that allows merchants in Africa and Asia to receive US dollar payments and convert instantly into local currencies using stablecoins. http://newsfeed.facilit8.network/TQMzYz #Africa #Stablecoin #CrossBorderPayments #Cryptocurrency #Fintech
Headlines AfricaDec 16
Africa: Access Bank Champions Africa's Payment Integration, Stresses Importance of PAPSS: [This Day] Advancing Cross-Border Payments At the -- inaugural Pan-African Payment and Settlement System (PAPSS) COWRY 2025 Participants Forum, held in Lagos, Nigeria. http://newsfeed.facilit8.network/TPr6yy #Africa #PaymentIntegration #CrossBorderPayments #PAPSS #AccessBank
Headlines AfricaDec 3
Africa: Experts, Industry Practitioners Call for Boosting Africa's Cross-Border Payments: [Independent (Kampala)] Johannesburg, S. Africa -- With cross-border payments still facing obstacles in sub-Saharan Africa, experts and industry practitioners have voiced hope that the attention the issue received at the G20 summit in South Africa will translate into practical reforms. http://newsfeed.facilit8.network/TPbvjD #Africa #CrossBorderPayments #G20Summit #FinancialInclusion #EconomicGrowth
Headlines AfricaNov 21
Africa: Standard Bank Becomes First African Lender to Plug Into China's Cips: [Daba Finance] Standard Bank has become the first African bank to directly integrate with China's Cross-Border Interbank Payment System (CIPS), providing African companies with a faster route to pay Chinese suppliers in Renminbi, rather than routing transactions through the US dollar. http://newsfeed.facilit8.network/TPNZ6G #Africa #StandardBank #CIPS #CrossBorderPayments #Renminbi