CrossBorder

MOSCOW (Reuters) - U.S. sanctions imposed on Moscow this month have complicated foreign trade operations for Russian banks but they are gradually adapting to the new reality, the chief financial officer of Russia's second-largest lender…

SEC Commissioner Hester Peirce has proposed creating a sandbox for cross-border digital securities in response to a joint consultation conducted by the Bank of England and the Financial Conduct Authority (FCA). The proposal aims to foster…

In an important step towards promoting the use of digital currency, Hong Kong residents can now create personal digital wallets for the yuan or CNY, as well as Announce By the Hong Kong Monetary Authority (HKMA). This development,…

Mastercard and Equity Bank have publicized a strategic collaboration facilitating the safe and secure transfer of funds from Equity Bank customers to 30 countries. This announcement is a notable stride in cross-border financial transactions…

South Korea will participate in a global project involving central banks and commercial lenders from seven countries that seek to explore the tokenization of cross-border payments. Along with the Bank for International Settlements (BIS),…

The Bitcoin Company has unveiled its new Remittances API, allowing individuals and financial institutions to send instant payments to any bank account in Mexico and Brazil in under 1 second, according to a press release sent to Bitcoin…

On January 29, Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, marked a momentous occasion by conducting the first-ever cross-border payment using the UAE Central Bank’s digital…

Corpay Cross-Border has been named the official foreign exchange (FX) partner for Cricket Ireland in a collaboration to enhance currency risk management and cross-border payments. Cricket Ireland and its corporate business partners will…

In the complex world of cross-border payments, executives grapple with a myriad of challenges: fraud, complexity, and a fragmented landscape. In a recent virtual panel discussion hosted at the Finance Magnates London Summit (FMLS:23),…

© Reuters. SINGAPORE - The central banks of Indonesia and Singapore have officially launched a cross-border QR payment linkage, a major step forward in financial integration between the two Southeast Asian nations. This new system…