Cross-border payments: You wanna be like Ant Financial?
The ability to transfer money immediately across borders could become a reality soon but the use-case scenario depends on a treasurer’s unique work requirements, explains Kyriba.
Ant Financial, the payments arm of China'a Alibaba announced on Tuesday a real-time payment cross-border remittance service to the Philippines facilitated by Standard Chartered. The announcement raises the question on whether businesses can replicate this development for their own transactional activities.
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