Swiss Economicblogs.org
The Economist reports on “The race to redefine cross-border finance:” SWIFT recently launched SWIFT Go for retail payments. FinTech firms often partly bypass SWIFT by aggregating payments first. Ripple evades SWIFT, using a cryptocurrency for international transactions. Credit card companies build infrastructure independent of SWIFT for retail (push) payments initiated by the sender. JPMorgan Chase and a Singaporean bank and Temasek launched Partior for wholesale payments. This...
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