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

Geopolitical risk and financial crime risk are interwoven, and data is key to managing both Learn why data is crucial in navigating geopolitical & sanctions risks within the payments space, ensuring compliance & financial integrity.
Trade finance and ISO 20022 A matter of when, not if Trade finance and ISO 20022: A matter of when, not if? Discover how ISO 20022 can reshape the world of trade finance and what banks need to do to prepare for a global adoption.
Oman's economic diversification: A closer look at non-oil exports and trade partnerships in 2022 Oman’s economic diversification: A closer look at non-oil exports and trade partnerships in 2022 Non-oil exports drove economic growth in Oman in 2022. Learn how the government is promoting & supporting the export sector.

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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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Contents

Access trade, receivables and supply chain finance

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Latest News

23Feb

Geopolitical risk and financial crime risk are interwoven, and data is key to managing both

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Learn why data is crucial in navigating geopolitical & sanctions risks within the payments space, ensuring compliance & financial integrity…. Read More →

22Feb

Trade finance and ISO 20022: A matter of when, not if?

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Discover how ISO 20022 can reshape the world of trade finance and what banks need to do to prepare for… Read More →

23Jan

Oman’s economic diversification: A closer look at non-oil exports and trade partnerships in 2022

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Non-oil exports drove economic growth in Oman in 2022. Learn how the government is promoting & supporting the export sector…. Read More →

22Jan

The new language of payments: BAFT releases whitepaper on navigating the ISO 20022 transition

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The Bankers Association for Finance and Trade (BAFT), a global industry association for international transaction banking, has released a whitepaper,… Read More →

18Jan

Six payments predictions that will influence 2024

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The last couple of years have been rough for the economy as a whole and payments in particular. But recovery… Read More →

16Jan

PODCAST | Year ahead: Swift CIO on balancing uneven payments regulation and advancing CBDC

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2024 is set to bring about significant changes in finance and banking. Driven by a convergence of cutting-edge technologies, the… Read More →

11Jan

BAFT releases White Paper on “ISO 20022 Migration Lessons Learned”

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BAFT, the leading global financial services association for international transaction banking, has published a new white paper titled “ISO 20022… Read More →

11Jan

Switching the Pound for the Peso: Three reasons why you should consider settling invoices in local currencies

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While it comes with many business benefits, engaging in trade with nations around the world can be a complex process…. Read More →

09Jan

Open finance in trade facilitation: The impact of UN/CEFACT’s digital initiatives

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Over the past years, international trade has been challenged by various factors. According to the 2023 Digital and Sustainable Trade… Read More →

04Jan

BAFT to host 2024 International Trade and Payments Conference

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BAFT has announced the 2024 International Trade and Payments Conference, set to take place from 27-29 February 2024, in Washington,… 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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