Cross-border instant payments have historically faced more friction than domestic transfers. How do you envision the evolution of international instant payment corridors over the next 18-24 months, and what technological investments are you prioritising to support this?
John McNaught Most traditional banks do not currently have the infrastructure to support cross-border instant payments but, over the next few years, the evolution of international instant payment corridors is expected to accelerate, reducing friction and enhancing the speed and efficiency of global transactions.
Worldpay’ s solution is designed to mask the complexities of legacy banking setups by employing a multi-bank strategy and ensuring that customers avoid seeing the intricacies of the underlying banking relationships or the challenges of international payment networks.
In anticipation of further developments in instant payment corridors, Worldpay is prioritising technological investments that will enable customers to seamlessly inherit any new benefits. This includes enhancing its global payment processing network, investing in advanced API capabilities and ensuring its systems are agile enough to integrate with emerging payment schemes and technologies.
Gary Conroy TransferMate makes cross-border payments faster, more cost effective, easier and more accurate.
The key advantage is that TransferMate acts as its own correspondent, meaning that we can facilitate payments in 200 countries, across more than 140 currencies. As a business customer, you can fund any of those 140 currencies using over 30 source currencies, providing access to a vast range of currency pairs.
We deliver these payments locally by splitting a cross-border transaction into a funding leg and a payout leg, both processed locally. TransferMate maintains all necessary liquidity, so once a business has provided good funds, TransferMate automatically executes payout, enabling global instant and same-day payments instead of waiting days or weeks.
User friction is further reduced when cross-border payments are integrated into the same B2B platforms used for domestic payments.
TransferMate partners with these systems via our proprietary technology suite, eliminating the need for users to switch between multiple systems and windows.
82 June 2025