“Global cross-border payment flows reached nearly $1 quadrillion in 2024, yet many transactions still take days to settle and cost over 6% in fees.” Cross-border payments are at the centre of global
In this episode of the Insights podcast from The Payments Association, Director General Tony Craddock sits down with Gary Palmer, CEO of Payall, to explore the sweeping changes underway in cross-border payments and correspondent banking. Gary shares hard-hitting insights from his 25+ years in the industry, highlighting why the current trust-based, manual processes are no longer fit for purpose and how technology is finally catching up.
Payments Association has released a report, “Transforming the UK’s Payments Infrastructure,” proposing a revamp of the UK’s payments. The paper argues that the current system of account-to-account (A2A) payments hinders
An independent paper setting out how to build commercial parity between card scheme and account-to-account rails that creates better outcomes for consumers and merchants. From a group of members of
There has been much discussion over the past year on the rise in APP fraud, and the potential impact of the regulations designed to combat it. The conversation often revolves
In this episode of The Insights Podcast, we explore the fast-evolving world of cross-border payments and the crucial role of fintech in global trade. Host George Iddenden sits down with Convera’s Head of Market Insights, Steven Dooley, to explore innovations like real-time payments, blockchain, and open banking. Together, they discuss why these developments are essential for businesses of all sizes and how new technology is helping to meet growing demands for speed, security, and transparency in international transactions. Whether you’re in finance or simply curious about the future of money, this episode offers a clear view into the shifts shaping global commerce.
The Payments Association’s Cross-Border working group, with the support of Benefactor Payall, has launched its latest report: ‘The impact of APP fraud on cross-border payments’. The whitepaper presents the challenges
In this episode, George Iddenden from the Payments Association sits down with Hugo Remi, CEO of Cardaq, to discuss the complexities of cross-border payments. They explore key issues like currency exchange risks, regulatory compliance, fraud prevention, and the role of advanced technologies such as blockchain and real-time payment systems. Remi offers insights into the practical challenges businesses face in managing these areas and shares strategies for navigating this evolving landscape.
In this episode of the Insights podcast, Tony Craddock, Director General of the Payments Association, welcomes Gary Palmer, CEO and Chairman of Payall, for a focused discussion on the evolution and challenges of cross-border payments. With decades of experience, Palmer offers a critical analysis of why this sector, crucial to the global economy, has seen limited technological advancement and outlines the transformative changes on the horizon.
Listen as they examine the systemic barriers to innovation, such as outdated banking infrastructures, regulatory complexities, and the pressing need for technological integration. They explore how limited data visibility affects transaction efficiency and discuss the potential for significant improvements in the near future.
