Finastra, a global provider of financial software applications and marketplaces, announced it has been selected by LGT to implement instant payment services in Austria and Liechtenstein, with plans to expand to other markets.
Over the past years, international trade has been challenged by various factors. According to the 2023 Digital and Sustainable Trade Facilitation Global Report, while global merchandise trade volumes in 2021 displayed a strong recovery from the contraction suffered in 2020 due to COVID-19, trade growth slowed down in 2022.
In an era defined by lightning-fast technological advancements and an increasingly interconnected global economy, the cross-border payments market is undergoing a radical overhaul.
One year after our last conversation at Sibos 2022 in Amsterdam, Trade Finance Global spoke with Ben Ellis, SVP and Global Head of Visa B2B Connect, in Toronto to get answers to these questions on cross-border payments.
A recent report by McKinsey & Company on the global payments industry reveals significant growth and optimistic future prospects. The 2023 McKinsey Global Payments Report provides an analysis of the… read more →
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