Enabling client to deliver South Africa’s PayShap payments and to scale up the technology and prepare for the next generation banking.
A leading South African international banking and wealth management group has approached Synthesis to assist them with the building of their next-gen payments platform and enable delivery of PayShap on it.
Geopolitical dynamics reshaping the Cross-Border payment landscape.
The evolving cross-border payment landscape is witnessing noteworthy developments beyond traditional systems. One notable trend is the plan by BRICS countries (Brazil, Russia, India, China, South Africa) to establish their own currency. For over a decade, the BRICS nations have been seeking to reduce their reliance on the US dollar and SWIFT. However, recent geopolitical […]
Revolutionizing Cross-Border Payments: Embracing the ISO 20022 Standard
In the rapidly evolving landscape of cross-border payments, one trend stands out as a game-changer: the migration of SWIFT (Society for Worldwide Interbank Financial Telecommunication) into the ISO 20022 standards. This shift impacts global banks and holds significant potential for transforming the way we conduct international transactions. With the ISO 20022 standard’s data-rich framework, enhanced transparency, […]