Cross-Border Payments through FIs: Easy to Adopt, Instant, Profitable, and Loved by Customers. Finally!
by Gary Palmer
President & CEO, Payall Payment Systems
Banks and other financial institutions have struggled for decades to find correspondent banks to enable international transfers.
And let’s be honest, cross-border payments have always been slow, opaque, and unprofitable through correspondent banks, if you were lucky enough to find one to work with.
The Cross-Border Opportunity Is Big and
You Can Finally Participate
Cross-border flows will exceed $190 trillion this year and are projected to reach $230 trillion by 2030 — attracting new competitors who are stealing your customers. But with the right partners, you can compete and win.
Banks and other FIs can now offer fast, transparent, and profitable cross-border payments — without correspondent
banks. You can enable instant payments to U.S., Europe, and China, and provide access to USD accounts inside your digital platform so your customers can easily get paid by U.S. marketplaces and buyers.
Yes, you can offer products your customers
want and need that are better than
neobanks.
New Paradigms, New Technology
Mastercard Move is a compelling way for FIs to offer cross-border payments. And no Mastercard membership or big tech project is required when you work with Payall – we make Move easy.
With Payall’s global gateway and orchestration capabilities, you don’t need a correspondent bank. Or, you keep your existing correspondent bank while adding Mastercard Move to expand countries, currencies, and payout types.
Jose Interiano, Transfer Solutions LAC Head at Mastercard, noted, “Mastercard and Payall recognize the opportunities, threats, and challenges financial institutions face in cross-border payments. That’s why we’ve co-developed a turnkey, end-to-end solution that’s fast, easy to implement, and cost-effective — delivering modern, best-in-class product experiences that
customers will love.”
Helping You Win.
We’re eager to help you compete and win. With Payall and our
partners, you can offer instant bank transfers to 60+ countries
as well as virtual USD accounts — exactly what your customers
want — without a correspondent bank or big tech project.
We’re here to help.
Contact Eduardo Villalobos at eduardo.villalobos@payallps.com or me at gary.palmer@payallps.com to learn more.
