Cross-border payments specialist RTGS.global is working alongside two banks to help launch its latest solution designed to enhance payment settlements across the globe.
MDO Humo in Tajikistan and Credo Bank in Georgia will run pilots with RTGS.global, aiming to improve cross-border payments and settlements in the respective regions.
Through RTGS.global’s network, banks will be able to access ‘significant’ liquidity benefits and streamline traditionally cumbersome cross-border settlement processes.
“These fantastic new partnerships highlight the demand for innovative solutions to the historic and emerging challenges associated with payments and liquidity management”, said Marcus Treacher, Executive Chair at RTGS.global.
“What we are seeing in countries such as Georgia and Tajikistan is a recognition that they can provide a far superior experience for customers by offering efficient and seamless services based around frictionless cross-border payments and settlements.”
RTGS.global has stated its latest solution is generating “considerable interest” among rapidly-developing markets across Central Asia, as well as in the wider Asia, Middle East and Africa regions.
Meanwhile, it has also attracted interest from the industry’s largest multinational banks, which have formed a global Banks Working Group with RTGS.global to collaborate in leveraging its network and expertise to advance cross-border payments and enhance the global banking ecosystem.
Launched in the Spring, the Banks Working Group already comprises more than a dozen market-leading banks from across the Americas, EMEA and APAC region.
RTGS.global CEO, Jarrad Hubble added: “We knew 2023 would be a pivotal year for our business as we achieve the next phase of our growth. Our ability to serve both established and emerging markets demonstrates a genuine commitment to fixing issues across the global financial system.”