Articles with tag: settlement

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China's petrochemical industry rolls out blockchain warehouse receipt financing trade

16 Oct 2020 | E-invoicing, SCF & E-procurement

China's petrochemical industry has seen its first digital warehouse receipt pledge financing transaction that integrates blockchain and Internet of Things (IoT) technology successfully implemented in China.

supply chain finance, digitalisation, blockchain, IoT, financing settlements, warehouse receipts, order financing, data sharing, PBoC, Sinochem Energy High-Tech

Italian banks together with SIA, R3, NTT Data join Spunta blockchain infrastructure for payments

14 Oct 2020 | Payments General

Spunta Banca DLT, an Italian initiative providing a blockchain infrastructure that supports the ABI Spunta application, has announced that it is fully operational.

Spunta, banking, Italy, punta Banca DLT, settlement, blockchain infrastructure, SIA, R3, NTT Data, payments reconciliation

Paytm launches same-day settlement facility for fund transfers

14 Oct 2020 | Payments General

India-based fintech Paytm has rolled out a same-day settlement facility for fund transfers on its payment gateway.

Paytm, India, payments, transfers, merchants, Asia, APAC, same-day settlement facility

SWIFT runs gpi pilot with UK Faster Payments

13 Oct 2020 | Payments General

SWIFT, global financial institutions, and UK Faster Payments have run a cross-border payments pilot based on SWIFT’s gpi instant payments service.

SWIFT, gpi pilot, UK Faster Payments, cross-border payments, payments, banking, clearance, settlement, banks

RBI announces RTGS to run 24x7 from December 2020

12 Oct 2020 | Payments General

The Reserve Bank of India (RBI) has announced that online transfer of funds through real-time gross settlement (RTGS) will be available round-the-clock from December 2020, according to mint.

RBI, RTGS, Reserve Bank of India, real time gross settlement, India, online payments, transfers, funds, real time transfers, gross settlement, National Electronica Funds Transfer, NEFT, electronic payments, bank branches

ECB launches feasibility study into instant cross-border payments in Sweden

12 Oct 2020 | Online Payments

European Central Bank (ECB), in collaboration with Sveriges Riksbank, has announced it is launching an investigation into how the platform could support low-cost instant cross-currency transactions.

ECB, European Central Bank, TIPS, Target Instant Payment Settlement, instant payments, Sweden, Europe, digital payments, real-time low cost payments, merchant payments, ecommerce, consumer goods payments,

EMQ launches high value cross-border settlements in Japan

07 Oct 2020 | Payments General

EMQ, a global financial settlement network, has launched its high transaction value cross-border settlements in Japan.

EMQ, cross-border settlements, Japan, cross-border payments

IPOSUP.com to launch instant settlement of card payments for micro-businesses

11 Sep 2020 | Cards

IPOSUP.com has announced plans to launch pre-Christmas 2020 a new ECASH Account card payments settlement service for UK businesses.

HCE Service, cards, micro business, card payments, payment settlement, merchants, transactions, payment methods

Modulr becomes issuing member of Mastercard

09 Sep 2020 | Online Payments

UK-based fintech Modulr has joined Mastercard as a principal issuing member, granting it direct access to the global payments network.

Modulr, Mastercard, issuing partner, online payments, confirmation of payee, fraud prevention, Pay.UK, UK Faster Payments, Real-Time Gross Settlement, RTGS, payment settlement, United Kingdom, Europe

Nick Ogden, Microsoft launch new network for cross-border payments

03 Sep 2020 | Payments General

RTGS Global, a global cross-border liquidity network, together with Microsoft have developed a new system which enables banks to gain visibility of liquidity between their counterparties.

cross border payments, WorldPay, ClearBank, RTGS Global, Microsoft, vostro, nostro, Nick Ogden, fintech, central banks, correspondent banking, settlement, reconciliation

Erste Bank Hungary provides request-to-pay using valantic's payments platform

02 Sep 2020 | Payments General

Erste Bank Hungary, a subsidiary of the Austrian Erste Group since 1997, has started offering its own system for processing request-to-pay (R2P) via partnership with valantic.

valantic, Real Time Payment Engine, RTPE, request to pay, banking, settlement, SWIFT, reconciliation, payment request, ID, Erste Bank Hungary, payments hub, Hungary

IXOPAY announces partnership with CashtoCode

26 Aug 2020 | Online Payments

Payment management platform IXOPAY has partnered with payments provider CashtoCode to enable its merchants to access a wider audience.

IXOPAY, CashtoCode, merchants, payment methods, routing, cascading, risk management, settlements, barcode, retailers, credit cards, chargeback, spending habits, payment orchestration, iGaming

SEBA Bank, Lightnet Group partner for joint venture

25 Aug 2020 | Payments General

Switzerland-based FINMA licensed SEBA Bank has signed a Memorandum of Understanding with Lightnet, a Singapore-based fintech company.

SEBA Bank, Lightnet Group, joint venture, Switzerland, FINMA, SEBA Bank, Memorandum of Understanding, Lightnet, Singapore, fintech, settlements, remittances, fiat currencies, settlement banking network, account, custodian, digital currencies, MTOs, money transfer operators, unbanked, fragmentation

Japanese consumers prefer card payments to cash amid COVID-19 outbreak, finds GlobalData

14 Aug 2020 | Cards

GlobalData has revealed insights regarding Japan-based consumers’ shifting preferences towards card payments.

GlobalData, research, Japan, electronic payments, COVID-19, contactless payments, Seven-Eleven Japan, debit cards, credit cards, prepaid cards, Visa, Mastercard, JCB, American Express, Diners Club, cards issuers, payment settlement, merchants, card transactions, Sumitomo Mitsui Card, payment cycle

Japanese banks plan new settlement system for small payments

10 Aug 2020 | Payments General

A group of Japanese banks are set to initiate talks to develop a new settlement system to enable small payments, says Verdict.

Japan, settlement, small payments, digital payments, banks

Bolero joins Marco Polo Network to advance digital trade settlement

05 Aug 2020 | E-invoicing, SCF & E-procurement

Trade Digitisation provider Bolero has joined the Marco Polo, to bring Bolero’s e-Bill of Lading (BL), including e-documents and e-presentation solutions, to the trade finance network. 

Bolero, Marco Polo Network, digital trade settlement, e-bill of lading, BL, e-documents, e-presentation, trade finance network, Galileo, digital trade finance, banks, corporates, trade ecosystem, trade finance transactions

MoneyGram gets USD 5.1 mln from Ripple in 'Market Development Fees' in Q2

04 Aug 2020 | Cryptocurrencies

MoneyGram has received over USD 15 million from Ripple in Q2 for providing liquidity for Ripple’s XRP-based cross-border settlement network.

MoneyGram, Ripple, XRP, cross-border settlement network, payments, global remittance

Mobile payments surged to 391 percent in Nigeria

07 Jul 2020 | Mobile Payments

Data from the Nigerian Inter-Bank Settlement Scheme (NIBSS) has revealed that mobile payments have increased by 391% since May 2019.

Nigerian Inter-Bank Settlement Scheme, NIBSS, Nigeria, mobile payments, COVID-19, OPay, mobile payment method, Paga, FirstMonie

Fujitsu Frontech, Soft Space team up for contactless payments

30 Jun 2020 | Online Payments

Fujitsu Frontech and Asia-based fintech company Soft Space have entered into a memorandum of understanding (MOU) that aims to boost the usage of contactless card payments with smart devices in Japan.

Fujitsu Frontech, Soft Space, collaboration, contactless payments, NFC, Japan, Asia, payments, contactless cards, settlement terminal, fintech

Neutral Air Partner enables digital payments through PayCargo partnership

26 Jun 2020 | Online Payments

Hong Kong-based logistics platform Neutral Air Partner has announced its members will be able to access and pay for airfreight digitally, after teaming with with online payment platform PayCargo.

NAP, Neutral Air Partner, PayCargo, payments, online payments, payments settlement, Hong Kong, Asia, APAC