Cross-Border Payments

Address the challenges of cross-border payments

Cross-border payments supported by blockchain simplifies compliance through distributed ledger systems.

Cross-border payments are headaches

Organizations are now vying for operational improvements with Blockchain. At Spearhead Technology, we use the latest technology solutions to bridge the gaps in current and emerging payments systems. Blockchain’s shared, immutable ledgers are linked effectively to tie the ends between different global players and the points of payment.

Globally, revolutionary shifts are taking place to address the challenges thrown by cross-border payments. New-age organizations are redefining implementation approaches to track the speed, transparency, cost, and accessibility of payments. They are trying hard to foster end-to-end cross-border payments with full accountability and trust. In the process, they are dealing with old and new roadblocks that keep coming their way.

Vague understanding of existing cross-border payment guidance and standards.
Complex payments and transaction data frameworks on regional, national and international levels.
Tough access to payment systems and different operating hours.
Uncommon features of service and payments related agreements and schemes.
Different ways of using payment-versus-payment tools and methods.
Linking up different payment systems in line with established standards and regulations.

Significant reductions of time and risks in transfers
Use of proxy identifiers for easy payments
Lower transaction charges, cross-border fees, exchange rate fluctuations

Cross border remittances and payments through multiple digital channels
Near real-time completion and settlement of transactions

Enable financial inclusions, safe payments and cost efficiencies

The use of blockchain in cross border payments enables higher transparency and reliability.

This image illustrates a company's blockchain services designed to facilitate cross-border payments and SWIFT transfers. It features a representation of the global financial network, possibly showcasing a world map with key financial centers highlighted. The focus is on the seamless integration of blockchain technology with the SWIFT system, ensuring reliable, end-to-end cross-border payments. The visualization includes interconnected nodes and pathways that represent the blockchain network, all illuminated in neon purple and green lights. These vibrant lights symbolize the efficiency, security, and connectivity of the blockchain-enabled SWIFT transfer system. The overall design is modern and digital, effectively conveying the advanced capabilities of the company's blockchain services in enhancing and securing global financial transactions.

Correspondent Bank/SWIFT

Facilitate SWIFT transfers for reliable, end-to-end cross border payments

Deal with more than 11,000 financial institutions located across 200 countries

Set the pace of payments

Sync with numerous asset management companies, securities dealers, banks, depositories, clearing houses

Strategic Tie-Ups

Link up with strategic business partners to enable smart blockchain outcomes

This image illustrates the role of a company's blockchain services in facilitating strategic business partnerships. The central focus is on two hands shaking against a backdrop of a world map, symbolizing global collaboration and deal-making. This handshake represents the formation of strategic tie-ups. Behind this gesture, the world map features visualizations of cross-border payments, which are interconnected by a network of neon green and purple lights. These lights represent the blockchain network, signifying its role in enabling efficient and smart outcomes in international business transactions. The overall design is sleek, modern, and digital, emphasizing the transformative impact of blockchain technology in fostering global business collaborations and partnerships.

Build and handle strategic tie-ups between agents and overseas principals

Disburse funds across geographical boundaries at the ongoing exchange rates

Enable smart blockchain outcomes

Partnerships With International Exchange Houses

Work with different international exchange houses to enable remittance facilities as per laid down regulations

Understand cross border payments

Know limitations for inward remittances, outward remittances, trade-related transactions

Comply with all other types of international receipts and payments

Use of Distributed Ledger Technology (DLT)

Experiment with blockchain and DLT models to make cross-border payments easier than ever before

Image to show The use of bidirectional messaging via Ripple and other blockchain solutions ensure that your transactions are 100% validated before DLT fund transfers take place with transacting parties.

Image to show We integrate checks, controls and multiple layers of remittance information to prevent anti-money laundering, fraud checks and other risks via cross-border standard information sharing.

Image to show Our faster payment rails use proxy identifiers to enable payments with reduced information and efforts needed for cross-border payments. We expand your reach in global markets at affordable costs.

Nail the challenges of cross border payments

Remitting payments across different geographical locations is safer with Blockchain. It is fast emerging as the go-to solution for making transactions faster and simpler.