Introduction to Payments

TFG Payments Hub

Trade Finance Global / Introduction to Payments

Introduction to Payments

Welcome to the TFG Payments Hub, a comprehensive resource centre dedicated to the multifaceted world of payments and treasury management. This hub is designed to cater to professionals in banking, corporate sectors, and payment vendors, offering a wealth of knowledge on various facets of the payments landscape. 

Our content covers critical areas such as infrastructure support, cross-border transactions, clearing house operations, and diverse payment methods & processing techniques. 

The world of payments can be multifaceted and complex, which is why we aim to break down the impact of emerging technologies on the payments landscape, the significance of cash access, and the evolving regulations & standards governing the industry.

Featured Insights

Exploring the significance of reputation in the financial industry Why do we care what others think? Exploring the significance of reputation in the financial industry and what can be done to preserve it. Let’s investigate these questions to uncover the intricate relationship between a strong reputation and the financial industry.
Navigating trade-based financial crime Impact of UCP 600 and ISBP 821E articles Navigating trade-based financial crime: Impact of UCP 600 and ISBP 821E articles International trade is the lifeblood of the global economy serving as a vital catalyst for economic growth, innovation, and prosperity across nations, including in the MENA region.
With more Canadians sending international payments than ever before, the need for ISO 20022 has never been greater With more Canadians sending international payments than ever before, the need for ISO 20022 has never been greater As international payments continue to increase in Canada, alongside the growth of international commerce, consumers and businesses alike will benefit from evolving payment innovations and standardisation. 

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Videos – Payments

Payments Podcasts

Payments – Frequently Asked Questions

What are the key components of payment infrastructures and how do they support the payments ecosystem?

Payment infrastructures encompass various methods and processes that enable individuals, businesses, and financial institutions to transfer money or other forms of value between each other. These systems, which can range from traditional cash, cheques, and bank transfers, to newer digital payment technologies like mobile payments, online transfers, and cryptocurrencies, work by processing and verifying transaction details. They facilitate the transfer of funds between different parties securely and efficiently, playing a crucial role in the global economy.

How do cross-border payments function and what are the challenges involved?

Cross-border payments involve transferring money or other forms of value from a party in one country to a party in another. These transactions can be complex, involving multiple intermediaries, currency conversions, and regulatory compliance checks. Despite the challenges, such as potential delays, costs, and risks of fraud, cross-border payments facilitate global trade and commerce, support financial inclusion, and provide new opportunities for businesses and individuals.

What role does a clearing house play in the payments landscape?

A clearing house is a financial institution that acts as an intermediary between buyers and sellers in financial markets. They ensure that transactions are conducted in an orderly, efficient, and secure manner. Clearing houses play a critical role in various types of financial transactions, including those related to securities, derivatives, and commodities.

How are new technologies advancing the payments landscape?

Emerging technologies are revolutionising the payments industry by introducing faster, more secure, and more efficient methods of transferring value. Innovations such as blockchain, digital currencies, mobile payment platforms, and open banking are transforming traditional payment systems, offering benefits like real-time transactions, enhanced security, and improved customer experience.

What are the current regulations and standards governing the payments industry?

Payment systems are regulated by a combination of government bodies, industry organisations, and self-regulatory bodies. These entities set rules and standards for payment systems, monitor their performance, and intervene if necessary to address issues or mitigate risks. Regulations and standards are crucial for ensuring the safety, security, and fairness of payment systems, protecting consumers and businesses from fraud and other risks.

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Access trade, receivables and supply chain finance

We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.
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Latest News

13Jun

Citi and Emirates NBD partner to offer 24/7 USD transactions in MENAT region

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Citi and Emirates NBD, a top banking group in the MENAT (Middle East, North Africa and Türkiye) region, announced a… Read More →

13Jun

Visa publishes third Money Travels: 2024 Digital Remittances Adoption Report

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Despite a year-over-year decrease in global remittances due to various economic pressures, the report reflects a positive outlook from senders… Read More →

10Jun

Citi introduces real-time funding in Australia, Hong Kong, and UK

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Citi has announced the launch of Citi Real-Time Funding (RTF), the newest addition to its real-time treasury suite for corporate… Read More →

05Jun

Plain Numbers and Visa join forces to enhance inclusivity and empower vulnerable communities

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New collaboration will pave the way for enhanced communications around government disbursements… Read More →

05Jun

Why do we care what others think? Exploring the significance of reputation in the financial industry and what can be done to preserve it.

0 Comments

Let’s investigate these questions to uncover the intricate relationship between a strong reputation and the financial industry…. Read More →

03Jun

Navigating trade-based financial crime: Impact of UCP 600 and ISBP 821E articles

0 Comments

International trade is the lifeblood of the global economy serving as a vital catalyst for economic growth, innovation, and prosperity… Read More →

28May

HSBC and Geidea launch digital payment platform Omni Collect in UAE

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HSBC has introduced its new e-commerce digital payment platform, Omni Collect, in the UAE in collaboration with Saudi-based FinTech company,… Read More →

24May

Finastra partners with LGT to provide instant payment services in Austria and Liechtenstein

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Finastra, a global provider of financial software applications and marketplaces, announced it has been selected by LGT to implement instant… Read More →

23May

US Consumer Financial Protection Bureau imposes credit card standards on BNPL sector

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The U.S. Consumer Financial Protection Bureau (CFPB) will enforce certain credit card consumer protection rules on buy now, pay later… Read More →

22May

With more Canadians sending international payments than ever before, the need for ISO 20022 has never been greater

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As international payments continue to increase in Canada, alongside the growth of international commerce, consumers and businesses alike will benefit… Read More →

About the Author

Trade Finance Global (TFG) assists companies with raising debt finance. While we can access many traditional forms of finance, we specialise in alternative finance and complex funding solutions related to international trade. We help companies to raise finance in ways that is sometimes out of reach for mainstream lenders.

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