Tagged: digital transactins

Cross-Border Payments Represent One-Sixth of All Transaction Values Globally, Estimated to Increase to $250T+ in Value by 2027 – Report

Cross-border payments are financial transactions where the accounts of the payor and payee are based in different countries, the Payments Canada team explains. Cross-border payments are typically “more complex than domestic payments as they involve different national legal and regulatory frameworks, more than one currency,… Read More

Real-Time Payments Adoption: Majority of Firms to Utilize RTP in Coming Years, Survey Reveals

The 2023 AFP Real-time Payments Survey, conducted by the Association for Financial Professionals (AFP), found that corporates plan “to drastically increase their use of real-time payments in the next five years to benefit from lower transaction costs, improved transparency into the payment process, increased efficiency,… Read More

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