Currency Exchange International’s Post

Moving beyond experimentation, we will begin live trials of digital asset transactions on the Swift network starting 2025! Initial use cases will focus on payments, FX, securities, and trade, to enable multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions. This marks an important milestone in our journey to enable banks to transact interchangeably across both existing and emerging asset and currency types using their current connection to Swift. “As new forms of value emerge, our intention is to continue offering our community the ability to seamlessly make and track transactions of all kinds of assets – using the same secure and resilient infrastructure that is integral to their operations today,” says Tom Zschach, Chief Innovation Officer at Swift. More more information, 👉 https://okt.to/IemhSj #digitalassets #digitalcurrencies #innovation #interoperability

These were the most used currency in the world for international payments in SWIFT https://ow.ly/IUMk50RSCP5 #statista #internationalpayments #crossborderpayments #currencyexchange #fintech #financialinstituions

For high-risk businesses navigating the complexities of international payments, multicurrency IBANs offer a powerful tool for overcoming traditional banking challenges. By streamlining transactions, reducing fees, improving compliance, and boosting efficiency, multicurrency IBANs enable businesses to thrive in the global marketplace. Embracing these innovative solutions not only provides a competitive edge but also unlocks new opportunities for growth. #multicurrencyaccounts #highriskjurisdictions #paymentprocesses #multicurrencyibans

Yesterday's post was about SWIFT transfers. SWIFT is a way of messaging a confirmation for international funds transfers, meaning a unified system of codes to name banks and describe transactions. Have you ever wondered what the operators of a bank or of any other financial institution (like the payment solutions providers) see on their screens? What are these messages? Here are the three most common messages and the categories. #globalpayments #EMI #Paymentsolutionsproviders #paymentmethods #SWIFT #internationalpayments

Ever seen a SWIFT/BIC code and wondered what it’s for? In short, it's a messaging system banks use to exchange financial messages. Think of it as a secret code that helps banks communicate during international transactions -like a unique identifier that says, "Hey, I'm Bank X, located in Country Y." Here’s a quick breakdown: 1️⃣ Identify banks for international transfers. 2️⃣ 8 or 11 characters, letters and numbers. 3️⃣ Essential for secure, quick global transactions. #InternationalTransfers #BankingTechnology #GlobalTransactions

How cross-currency payments are with a traditional payment provider: ❌ Slow transaction times ❌ High exchange fees ❌ Limited accessibility to global markets ❌ Requires a traditional bank account How cross-currency payments are with uQualify: ✔ Fast transaction times ✔ Low exchange fees ✔ Accessible to global markets ✔ No need for a traditional bank account ✔ 24/7 transaction capability ✔ Protection against fraud and chargebacks ✔ Easily integrated into digital platforms What else? Let us know in the comments 👇

How are Instant Payments shaping Europe's financial future? - Are you ready to experience the next wave of financial transactions that promise speed, security, and efficiency? Learn how Europe is leading this transformation: https://lnkd.in/dndS3-Di #iso20022 #payments #target2 #finaplo #SWIFT #SEPA #aplonhub #paymentcomponents #A2A #CBPR #instantpayment

How are Instant Payments shaping Europe's financial future? - Are you ready to experience the next wave of financial transactions that promise speed, security, and efficiency? Learn how Europe is leading this transformation: https://lnkd.in/dndS3-Di #iso20022 #payments #target2 #finaplo #SWIFT #SEPA #aplonhub #paymentcomponents #A2A #CBPR #instantpayments

The Unified Payments Interface is better than the present decentralised platforms in various aspects as it encodes and decodes about 5 trillion transactions in a very efficient period of timeframes

Virtual IBANs have been shown to cut down transaction times by as much as 80%, making international financial transactions seamless and more efficient. Learn how you can simplify your payment processes with our physical and virtual multi-currency accounts at newagepartners.com #crossborderpayments #multicurrencyibans #iban #internationalpayments