AbbeyCross, a platform aimed at enhancing connectivity and
access in global FX payments, has announced Wise Platform as its latest payment
partner. Wise Platform, part of Wise, offers global payments infrastructure to
banks and enterprises.

Wise Platform supports international payments through its
technology and network. It connects directly to five payment systems and
collaborates with over 90 banking partners worldwide. This infrastructure
facilitates cross-border payments in over 40 currencies across 160 countries.

Wise Platform Joins AbbeyCross

Wise Platform processes approximately 60% of transfers
instantly, within 20 seconds or less, and at a low cost. With the new
partnership with AbbeyCross, Wise Platform will provide AbbeyCross users with
faster and more transparent FX payment rates. This includes enhanced rates for
emerging markets and an improved settlement process.

Wise Platform Joins AbbeyCross ABX Platform To Bring Greater Connectivity To Global FX Payments https://t.co/v4I3oh2NRe

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ABX Platform Offers Multi-Provider Access

The ABX Platform, provided by AbbeyCross, offers clients
access to multiple FX payment providers through a single integration. This
setup delivers a variety of competitive services and transparent FX rates,
contrasting with the limited options of the current bilateral connectivity
model.

AbbeyCross aims to enhance the FX payments market by
reducing technical barriers, addressing compliance and continuity risks, and
providing greater price transparency in a fragmented industry.

This article was written by Tareq Sikder at www.financemagnates.com.

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