Global Payment System

Ripple partners with brazilian banks

Brazilian Banks to Partner with Ripple in 2020

Ripple, the blockchain payments firm, is targeting more partnerships with Brazilian banks in 2020. Recently, the company hit a valuation of $10 billion; and therefore, plans to expand partnerships. The firm’s current focus is to coordinate with banks and regulators in Brazil to make remittances more efficient. The Managing Director of Ripple, South America Luiz […]

Facebook-Pay
Facebook-Pay

Facebook Pay: New Payment System by Social Media Giant after Libra

Facebook, the social media giant, launches a new fiat payment system called Facebook Pay. The announcement comes soon after regulators stonewall its Libra stablecoin project. Facebook Pay allows users to buy and sell things online across Facebook, Instagram, Messenger, and WhatsApp. The VP, marketplace & commerce at Facebook, Deborah Liu said that people use Facebook’s […]

SWIFT Plans to Launch New Global Payment System

SWIFT Plans to Launch New Global Payment System

SWIFT has announced its plans to launch a pilot Global Payment Initiative (GPI) service. The GPI is being developed to enhance the efficiency of payment process by delivering an integrated and interactive service. The pilot will begin with 15 banks including J.P. Morgan, Barclays, CitiGroup and Bank of China. SWIFT has claimed that it will help in improving customer experience and reduce associated costs.