PayCommerce launches instant cross-border payments, clearing and settlement programme

PayCommerce has launched its instant cross-border payment, clearing and integrated settlement programme for global banks.

PayCommerce has launched its instant cross-border payment, clearing and integrated settlement programme for global banks. With a worldwide banking consortium of over 85 banks, the programme aims to achieve instant settlement into India from several regions including the US, UK and UAE.

In 2017, the company plans to further expand its originating and receiving capabilities to countries including Mexico, other GCC countries and South Africa, followed by Australia in 2018.

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