The BRICS-linked Cross-Border Interbank Payments System (CIPS) has expanded across 185 countries, allowing international payments in Chinese yuan without using the U.S. dollar, according to data from ...

India’s traditional cross-border payment systems remain costly and inefficient, prompting calls for modernisation, according ...

More than 11,000 banks and financial institutions rely on the SWIFT messaging network for financial transactions. In 2022, the SWIFT network registered an impressive average of 44.8 million messages ...

Many central banks are currently exploring the possibility of issuing retail central bank digital currency (CBDC). While the primary objective varies between jurisdictions, many central banks consider ...

HSBC Holdings Plc has become a direct participant in China’s cross-border interbank payment system as the world’s second largest economy pushes for greater use of the yuan. The UK lender, which counts ...

Rwanda and Tanzania have begun technical discussions to connect their national retail payment switches, a step that could ...

This content is contributed or sourced from third parties but has been subject to Finextra editorial review. By 2030, the global payments landscape is set to undergo a profound transformation. At the ...

China’s financial regulators have called for a further deepening of economic and financial cooperation between Hong Kong and ...

SAP integrates TransferMate's B2B payments infrastructure into Multi-Bank Connectivity to streamline international payments ...