Tagged: digital transactins

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

November 21, 2023 @ 7:51 pm By Omar Faridi |

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

Read more in: Canada, Fintech, Global | Tagged canada, cross-border payments, Cross-Border Transactions, digital transactins, financial transactions, fintech adoption, fintech trends, international payments, payments, payments canada, update

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

October 22, 2023 @ 1:28 pm By Omar Faridi |

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

Read more in: Fintech, General News, Global | Tagged cash flow, digital transactins, fintech adoption, fintech trends, instant payments, payments, real-time payments, research, survey, The Clearing House, virtual payments