Global Payments Industry Posts Record Growth for 2017

The global payments industry is to reach US$2TN by 2020, after posting record growth in 2017. In its annual survey of the market, consultancy McKinsey found that global payments revenues soared by 11% last year, the biggest leap in the 12 years in which it has been reporting.

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Swift Opens Up Payments Tracking to Corporates: “The Beginning of a Long Journey”

Corporates will soon be able to track their payments in real time as part of Swift’s global payments innovation (gpi) initiative – a function of the system that was previously only available to them through their banks.

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Half of Asia’s Companies Want to Switch to Non-banks for Payments

Half of Asia’s companies want to switch to non-banks for payments More than half of Asian corporates are considering switching to non-bank providers for part of their payments services.

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