The Payments Association’s Cross-Border working group, with the support of Benefactor Payall, will be soon be launching its latest report.
The whitepaper will present how APP (Authorised Push Payment) fraud and the consequential regulations introduced in the UK are having unintended consequences for payment firms right across the cross border payments ecosystem.
Our report will aim to:
Don’t miss this essential research and key insights from experts across the payments industry.
The cross-border working group published a whitepaper providing 10 key takeaways to improve the future of cross-border payments, citing a series of interviews with experts and a survey of 100+ industry professionals.
Cross-border payments are perceived as inherently high risk due to reliance on manual process and lack of transparency among the players. This has created knock on effects (slow, expensive and limited services) for senders and recipients of cross-border payments; a complicated and burdensome regulatory environment that fails significantly in meeting its goals to stop international money laundering and other nefarious acts; and, ultimately, a lack of competition and innovation — continuing the cycle.
The Cross–border Working Group published a short report highlighting the key challenges, barriers and complexities our members face when delivering and receiving cross-border payments.
The Cross-border working group co-hosted a Global Payments Forum meeting with IIF and EPA Asia, which examined the role of CBDCs in disrupting cross-border payments.
The cross-border working group provided a unique and insightful toolkit into 6 key markets in Asia for companies looking to expand into the region.
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.
Please fill out the form to indicate your interest in receiving more information about The Payments Association’s Cross-border Working Group. A member of our Project Team will be in touch with you shortly.
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