Cross border payments are transactions that occur between accounts based in different countries (i.e. non-domestic payments). Typically, cross border payments are made via an incumbent correspondent banking network, which involves the money travelling between multiple organisations, resulting in the process being slow and costly.
Cross Border Payments DE
DE Cross border payments are transactions that occur between accounts based in different countries (i.e. non-domestic payments). Typically, cross border payments are made via an incumbent correspondent banking network, which involves the money travelling between multiple organisations, resulting in the process being slow and costly.