- RTGS.global, a cross-border settlement fintech, enters pilot agreements with three new banks.
- The banks involved are Alif Bank and Bank Arvand from Tajikistan, and Universal Capital Bank from Montenegro.
- Through the partnership, these banks aim to streamline traditionally cumbersome cross-border processes using RTGS.global’s network.
- RTGS.global CEO, Jarrad Hubble, emphasizes the demand for frictionless cross-border payments, noting that it’s currently quicker to fly money globally than move it cross-border.
- The company will closely collaborate with the three banks to address historic and emerging challenges in payments and liquidity management.
- RTGS.global has previously conducted pilots with MDO Humo in Tajikistan and Credo Bank in Georgia.
- The company reports significant interest from Central Asia, especially in the Commonwealth of Independent States (CIS), where 39% of the world’s cross-border payment traffic reportedly flows through the region.
