A Strategic Partnership To Enhance Cross-border Payments

A partnership to improve cross-border payments. 

Banking giants JPMorgan and DBS, with the help of Singapore state investor Temasek has formed an alliance to power up cross-border payments.

Named “Partior“, the new company aims to give frictionless payments service for trades and foreign exchange settlements using blockchain technology.

Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore, said:

“The launch of Partior is a global watershed moment for digital currencies, marking a move from pilots and experimentations towards commercialisation and live adoption”.

With this new collaboration, cross-border payments around the world with 24/7 access is inevitable.

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