Flash Payments has launched its highly anticipated lean high-performance foreign exchange transfer payment service that safely, efficiently and reliably provides users with a better customer experience compared to the opaque, siloed and inefficient banking networks. Built on a common global infrastructure and bringing new efficiencies to financial remittances, by enabling

Currently, cross-border payments go through the 600-year-old correspondent banking system, facilitated by SWIFT messages. This requires getting 6 players linked up – payer, payer’s bank, payer’s bank’s correspondent, beneficiary bank’s correspondent, beneficiary bank, oh - and beneficiary, of course. Cross-border payments are currently slow, expensive and opaque.