Advancing Cross-Border Payments to Adapt to an Instant Payment World
With instant payment adoption storming around the globe, some regions are working to apply the benefits of an instant payment to cross-border needs. Though cross-border payment methods exist today, there are key limitations around time, cost and convenience. In this session, speakers discuss the obstacles and progress in true cross-border real-time payments and why this is a necessary conversation for both businesses and consumers. The session will also shed light on the work being done elsewhere in the world in Asia, Europe and Africa, and the Immediate Cross-Border Payments (IXB) pilot that will enable new payment corridors into and out of the U.S.