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Africa/Banks: A leading European Group offers an international settlement service for the 21st century, for instant payments for your Clients The momentum in Europe, Asia, America and Africa of this European Group is attested by more than 50 banks in the solution's sales pipeline. The first pilots in 2023 have proven its revolutionary impact. The deployment is underway with the first seven (7) banks. Instant payments soon to be mandatory for all European banks: The European Parliament has recently officially approved legislation that will require banks to offer EU companies the possibility of making almost instant transfers. source: euractiv.fr As part of its development in Africa, a European Group offers you an international settlement service for the 21st century: This Group is building the world's next-generation settlement service enabling real-time cross-border payments and liquidity management for banks and their Clients. The problem this Group solves: - Cross-border settlement is broken For banks, transferring money across borders is a pain. For everyone: The customer experience is poor. Banks transfer billions of dollars a day across borders. The money doesn't arrive immediately, costs too much, and carries too much risk. The possible solution this Group can provide is: A revolutionary settlement service that allows financial institutions to transfer money across borders immediately, without risk, in any currency, at any time. Instant payments worldwide. Benefits to customers of this Group: This Group can save an average cross-border bank between €40 and €100 million per year by eliminating the costs of and enabling very fast and efficient cross-border payments for their Clients. CROSS-BORDER PAYMENTS: Immediate Much less errors Much less steps required Fully transparent Enhanced crime control Advanced Banking Engagement: Market leading proposition Settlement: -Any currency in the world, both fiat and digital 24/7/365, -Settlement at any time -Does not require digital assets Eliminates risk -Full benefits regardless of the payment amount Pilot projects are underway worldwide. This Group is well known and respected by the regulatory community. Who does this Group WORK with? Already some Top Banks in the world. Contact: Eric.kombila@gmail.com Project Director Development Africa Group Representative

International Money Transfer Service Market Opportunities, Segmentation, Assessment and Competitive Strategies by 2033 https://lnkd.in/dMAawMvq The International Money Transfer Service Market is a rapidly expanding sector that allows individuals and businesses to send money across borders. With the rise of digital platforms and mobile banking, international money transfers have become faster, more secure, and accessible to a global audience. These services are essential for facilitating remittances, cross-border business transactions, and financial support for international students, expatriates, and more. Key Drivers: Globalization: Increasing international trade, travel, and migration drive demand for international money transfers, as individuals and businesses need to move funds across borders. Rise of Digital Solutions: The growth of fintech companies and mobile technologies has transformed the international money transfer market, making it easier and cheaper for users to send money globally. Remittances: Workers living abroad send money back to their home countries, particularly in developing economies. This is a key driver for the market, especially in regions like Latin America, Africa, and Southeast Asia. Increased Cross-Border E-commerce: The expansion of e-commerce has created a need for efficient cross-border payment solutions, further driving the market. Growing Mobile Penetration: The rising number of mobile users, particularly in developing countries, has opened new opportunities for mobile money transfer services. Market Trends: Digital-First Solutions: Increasingly, consumers prefer digital platforms over traditional bank transfers or cash remittance services due to lower fees, convenience, and faster processing times. Blockchain Technology: Blockchain and cryptocurrencies are gaining traction in the international money transfer market as they offer fast, secure, and low-cost solutions without intermediaries like banks. Cross-Border B2B Payments: The rise of international trade has led to a growing demand for B2B payment solutions, with fintech companies offering innovative platforms tailored for businesses. Regulatory Compliance: Governments are tightening regulations around international money transfers to combat fraud, money laundering, and terrorism financing, which has led to stricter KYC (Know Your Customer) and AML requirements. Partnerships with Local Banks and Telecom Companies: To expand their reach, international money transfer platforms are forming partnerships with local banks and mobile network operators, particularly in emerging markets. Get Free Exclusive PDF Sample Copy of This Research Report https://lnkd.in/e_taphrh Market Segmentations: Global International Money Transfer Service Market: By Company Western Union (WU) Ria Financi

International Money Transfer Service Market Opportunities, Segmentation, Assessment and Competitive Strategies by 2033 https://lnkd.in/dMAawMvq The International Money Transfer Service Market is a rapidly expanding sector that allows individuals and businesses to send money across borders. With the rise of digital platforms and mobile banking, international money transfers have become faster, more secure, and accessible to a global audience. These services are essential for facilitating remittances, cross-border business transactions, and financial support for international students, expatriates, and more. Key Drivers: Globalization: Increasing international trade, travel, and migration drive demand for international money transfers, as individuals and businesses need to move funds across borders. Rise of Digital Solutions: The growth of fintech companies and mobile technologies has transformed the international money transfer market, making it easier and cheaper for users to send money globally. Remittances: Workers living abroad send money back to their home countries, particularly in developing economies. This is a key driver for the market, especially in regions like Latin America, Africa, and Southeast Asia. Increased Cross-Border E-commerce: The expansion of e-commerce has created a need for efficient cross-border payment solutions, further driving the market. Growing Mobile Penetration: The rising number of mobile users, particularly in developing countries, has opened new opportunities for mobile money transfer services. Market Trends: Digital-First Solutions: Increasingly, consumers prefer digital platforms over traditional bank transfers or cash remittance services due to lower fees, convenience, and faster processing times. Blockchain Technology: Blockchain and cryptocurrencies are gaining traction in the international money transfer market as they offer fast, secure, and low-cost solutions without intermediaries like banks. Cross-Border B2B Payments: The rise of international trade has led to a growing demand for B2B payment solutions, with fintech companies offering innovative platforms tailored for businesses. Regulatory Compliance: Governments are tightening regulations around international money transfers to combat fraud, money laundering, and terrorism financing, which has led to stricter KYC (Know Your Customer) and AML requirements. Partnerships with Local Banks and Telecom Companies: To expand their reach, international money transfer platforms are forming partnerships with local banks and mobile network operators, particularly in emerging markets. Get Free Exclusive PDF Sample Copy of This Research Report https://lnkd.in/e_taphrh Market Segmentations: Global International Money Transfer Service Market: By Company Western Union (WU) Ria Financi

Understanding Bai-Murabaha in Islamic Banking: Key Features and Benefits Bai-Murabaha, derived from the Arabic words "Bai'un" (purchase and sale) and "Ribhun" (profit), is a fundamental concept in Islamic banking. This Shariah-compliant financing method allows banks to sell goods to clients at a cost-plus-agreed-profit basis. It ensures ethical and transparent transactions while adhering to the principles of Islamic law. Key Features: Profit is shared as per the agreement, with losses borne by the client. The payment can be made in installments over a typical duration of 1-2 years. Early repayment may qualify the client for a rebate. The bank must own and assume risk for the goods before selling them to the client. The price, once agreed upon, remains fixed without any connection to time (i.e., no interest or time-based profit). Benefits: Promotes ethical profit-sharing and risk-taking, aligning with Islamic values. Offers flexibility with installment-based payments and rebates for early adjustments. Ensures that both parties have clear terms and conditions, creating a transparent transaction. Bai-Murabaha provides businesses and individuals with a Shariah-compliant solution for purchasing goods while adhering to Islamic banking principles. This financing method continues to be a cornerstone in promoting ethical banking worldwide.

The overview of UOB (United Overseas Bank): United Overseas Bank, commonly known as UOB, is one of the largest banks in Southeast Asia and a major player in the Asian banking sector. Founded in 1935 as United Chinese Bank, UOB has grown from a small local bank in Singapore to a regional powerhouse with a presence in 19 countries and territories across Asia, Europe, and North America. UOB provides a comprehensive range of financial services, including personal financial services, private banking, commercial and corporate banking, investment banking, and treasury services. The bank is known for its strong focus on the Southeast Asian market, particularly in Singapore, Malaysia, Indonesia, Thailand, and Vietnam. One of UOB's key strengths is its conservative management approach and strong capital position, which has helped it navigate various economic cycles and crises. This prudent approach has earned UOB a reputation for stability and reliability in the banking sector. In recent years, UOB has been actively embracing digital transformation to enhance its services and reach. The bank has invested heavily in fintech innovations, developing digital banking platforms, and partnering with technology companies to improve customer experience and operational efficiency. UOB is also recognized for its commitment to supporting small and medium-sized enterprises (SMEs) across the region. The bank offers specialized services and programs designed to help SMEs grow and expand internationally, reflecting its roots as a bank founded to support local businesses. In the art world, UOB is known for its long-standing support of Southeast Asian art. The UOB Painting of the Year competition, launched in 1982, is one of the most prestigious art awards in the region, demonstrating the bank's commitment to cultural development. As it looks to the future, UOB is focusing on deepening its regional presence, particularly in Greater China and ASEAN countries. The bank aims to capitalize on the increasing economic integration and growing wealth in these regions while continuing to invest in digital capabilities to meet changing customer needs. UOB's growth story is closely tied to the economic development of Singapore and Southeast Asia, and it continues to play a significant role in facilitating trade, investment, and economic growth across the region.

IBAN, which stands for International Bank Account Number, is an internationally recognized system used to identify bank accounts when processing international transactions. Here are some key points about IBAN: 1. Format:The IBAN consists of a two-letter country code, followed by two check digits, and then a country-specific Basic Bank Account Number (BBAN), which may include the domestic bank account number and branch identifier. 2. Purpose: IBANs are used to facilitate international payments by providing a standardized format for bank account identification. They help ensure that payments are routed correctly and reduce the risk of errors in processing transactions. 3. Usage: IBANs are primarily used in Europe, the Middle East, and parts of Africa and Asia. Many countries in these regions have adopted IBAN as a standard practice for identifying bank accounts in international transactions. 4. Verification:The check digits in the IBAN are used to verify the accuracy of the account number. When processing a payment, the receiving bank can use the check digits to validate the IBAN and ensure that the account number is correct. 5. Benefits:IBANs help streamline international banking transactions by providing a standardized format for account identification. They also help reduce the risk of fraud and errors in processing payments. 6. Implementation: Different countries have implemented IBAN in different ways. Some countries use IBANs for all domestic and international payments, while others use them only for international transactions. Overall, IBANs play a crucial role in international banking by providing a standardized and reliable method for identifying bank accounts and processing cross-border payments.

XTransfer & Banking Circle Partner to Enhance Import/Export Payments - FinTech Magazine: Cross-border payments continue to be a dominant fintech trend, with speed, cost and transparency high on the agenda for SMEs looking for the right ...

The overview of Vietcombank: Vietcombank, formally known as the Joint Stock Commercial Bank for Foreign Trade of Vietnam, is one of the largest and most influential banks in Vietnam. Founded in 1963, it was initially established to handle foreign trade settlements and promote economic relations between Vietnam and other countries. Over the decades, Vietcombank has evolved from a specialized foreign trade bank into a universal bank, offering a comprehensive range of banking and financial services. These include retail banking, corporate banking, treasury services, and investment banking. The bank plays a crucial role in Vietnam's financial system and economic development. As a state-owned commercial bank, Vietcombank has been at the forefront of Vietnam's banking sector reforms. It was one of the first Vietnamese banks to be partially privatized, with its initial public offering in 2007. This move has helped improve its corporate governance and operational efficiency. Vietcombank has a strong presence throughout Vietnam, with an extensive network of branches and transaction offices. The bank has also been expanding its international operations, with presence in key financial centers such as New York, Singapore, and Hong Kong. In recent years, Vietcombank has been focusing on digital transformation to enhance its competitiveness and meet the changing needs of its customers. The bank has invested heavily in technology infrastructure and digital banking services, including mobile banking and electronic payment systems. Vietcombank is known for its conservative risk management approach, which has helped it maintain a strong financial position and weather economic challenges. The bank consistently ranks among the top Vietnamese banks in terms of asset quality, profitability, and capital adequacy. As Vietnam continues its rapid economic growth and integration into the global economy, Vietcombank is well-positioned to benefit from these trends. The bank aims to leverage its strong domestic position and growing international network to facilitate trade and investment flows between Vietnam and the rest of the world. Looking ahead, Vietcombank's strategy focuses on maintaining its leadership in corporate banking while expanding its retail banking operations. The bank also aims to strengthen its position in investment banking and capitalize on Vietnam's growing capital markets.Vietcombank

At LemVega International Bank, poised to operate under an International Financial Entity (IFE) license (pending approval), we are setting the stage to redefine global banking from our strategic base in Puerto Rico. By leveraging the local 4% corporate tax rate, we enhance financial outcomes for our depositors and investors, highlighting our commitment to maximizing returns and managing operational costs effectively. Our offerings include sophisticated trust and custodial services, dynamic investment management, and innovative credit and debt solutions, all supported by our ability to employ fractional leveraging up to 6x. These strategic financial tools are tailored to optimize investment potential and risk management, ensuring robust growth and stability for our diverse range of clients. Compliance with U.S. and international regulatory standards anchors our operations, securing a foundation of trust and reliability for all transactions and interactions. As we prepare to launch operations in over 100 countries, LemVega International Bank remains dedicated to innovation, security, and the success of our clients in the interconnected global economy. - Based in Puerto Rico, leveraging significant tax and regulatory advantages. - Benefits from a competitive 4% corporate tax rate. - Poised to operate in over 100 countries, facilitating international banking services. - Capable of fractional leveraging up to 6x, enhancing investment returns. - Offers trust, custodial services, investment management, and credit and debt solutions. - Adheres to stringent U.S. and international banking regulations. - Continuously innovates to meet the complex financial needs of a global clientele. - Prioritizes security and ethical practices in all aspects of operations. - Dedicated to providing tailored financial solutions that support client growth and stability. - Committed to setting new standards in international banking and finance. - Supported by an expert team including multiple legal, compliance, and tax directors, and a total of 35 dedicated team members. LemVega International Bank is not just expanding its reach; we are pioneering a future where banking is integrated, client-focused, and globally accessible, backed by a team of professionals committed to excellence.

The first-ever digital export collection bill transaction in India has been successfully completed by Federal Bank in collaboration with WaveBL Read complete article at below link 👇 #article #digital #export #trade #india #banking #finance #federalreserve #billing #transaction #digitalization