In the United Kingdom, Banks can join the Payment market infrastructures for the Pound sterling, but since UK belongs to the SEPA Area, UK Banks can join Euro Payment market infrastructures as well. Which impact does this have on banks in the UK and how can we model that? You will get the answer to […]
Tag Archives | cross border payments
Blockchain explained and its application to payments
Well, year 2019 has just passed on the baton to 2020 and we have wrapped up the decade with a lot of technological advances. Past decade has seen a considerable phase shift in terms of technology; and I have to say Blockchain is one the biggest breakthrough that has been achieved. Although invented in 2008, […]
Strategy #1 to understand how cross border payments work
Get an overview of payments systems models and specifically the open loop models: that is the first strategy to build strong foundations and understand cross border payments faster. As announced in the previous article, we will now look into it in detail. Payments systems in all countries in the world operate essentially on two models: […]
4 key strategies to understand how cross border payments work
Cross border payments are perceived as one of the most complex topics in payments. And that is true to some extent. It involves many countries and currencies. And the transactions usually go through tens of systems in interbank networks, Banks and Corporations. When many start in Cross border payments or when they are introduced to […]