Cross-border payments: challenges and new approaches

PaymentsBy: S. Mohsen Shahmoradi2 min readSource: CBI
Cross-border payments: challenges and new approaches
🎧Audio noteپراخت فرامرزی-چالش و راهکار های آن

1Introduction

Cross-border payments pass through correspondent chains that add time, fees and opacity.

2Discussion

The G20 and BIS prioritise faster, cheaper, more transparent, accessible payments, including linking fast-payment systems.

For Iran, linking card networks and financial messaging with partner countries via bilateral and regional agreements can ease trade.

3Conclusion

AML/CFT compliance is essential for any solution’s acceptance.

Share:TelegramWhatsAppLinkedIn

Sources

  1. CBI ↗
  2. Way2Pay ↗
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
Want to see these solutions in your organisation?Book a free demo

Related articles

PaymentsEvent-driven architecture and message queues in payment systemsAt thousands of transactions per second, direct synchronous calls become brittle; event-driven design decouples services.PaymentsPayment orchestration: smart multi-gateway managementOnline businesses use several gateways; orchestration makes this multiplicity smart and unified.PaymentsThird-party payment initiation: the next phase of open bankingAdvanced open banking lets licensed third parties initiate payments directly from customer accounts with consent.PaymentsIran’s card payment network: the architecture of Shetab and ShaparakShetab and Shaparak form the backbone of Iran’s electronic payments; understanding them is essential for any payments business.