The Practicalities of Cross-Border Payments in a Faster Payments World Report
The Practicalities of Cross-Border Payments in a Faster Payments World research report builds on the FPC’s previous white paper, Cross-Border Faster Payments, which focused on use cases and user expectations for cross-border faster payments.
Developed by the FPC Cross-Border Payments Work Group, sponsored by Mastercard, the report delves into the history of cross-border payments, examining the evolution from ancient trade routes like the Silk Road to modern-day global financial systems. It explores the challenges faced by financial institutions in correspondent banking relationships, shedding light on regulatory compliance, security concerns, foreign exchange rate risks, and the impact of fintech players entering the field.
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Go Back Developed by the FPC Cross-Border Payments Work Group, sponsored by Mastercard, the report delves into the history of cross-border payments, examining the evolution from ancient trade routes like the Silk Road to modern-day global financial systems. It explores the challenges faced by financial institutions in correspondent banking relationships, shedding light on regulatory compliance, security concerns, foreign exchange rate risks, and the impact of fintech players entering the field.
Download Report