Regulations spark friction in cross-border payments
As more payment infrastructures globally introduce real-time capabilities, challenges remain in the cross-border payments world.
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Tag: cross-border payments
Momentum builds behind gpi
More than $40 trillion was transferred over Swift’s global payments innovation (gpi) system during 2018, Swift has announced. The share of cross-border messaging using gpi rose from 15% at the start of 2018 to 56% by the end of the year. More than 3500 banks, accounting for 85% of Swift’s total payments traffic have committed to adopting gpi.
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