RTGS.global and Flash Payments Announce Strategic Partnership to Enhance Global Payment Networks

RTGS.global, the next generation settlement company revolutionising cross border payments, has today announced a groundbreaking partnership with digital payments specialist Flash Payments that will optimise the speed, security and cost of international money transfers. Through the partnership, Flash Payments can expand its global reach while offering enhanced speed, security and cost-effectiveness to its clients when transferring funds internationally. By leveraging RTGS.global's cutting-edge atomic settlement technology, Flash Payments can now provide its customers with real-time, 24/7/365 cross-border transactions, eliminating the challenges posed by time zone differences and traditional banking hours. Established in 2016, Flash Payments has been at the forefront of the digital payments industry in Australia, focusing on payments using blockchain technology. The company has since evolved into a comprehensive digital payments specialist, offering both domestic and international payments solutions. As RTGS.global’s first antipodean partnership, this collaboration with Flash Payments unlocks a gateway to expand in the region. It also offers Flash Payments an opportunity to build on its existing network, opening doors to a larger pool of banks and financial institutions globally. Partnering with Flash Payments to bring real-time settlement capabilities to Australia is a significant step forward in our mission to modernise the global financial system and enhance the efficiency of cross-border transactions," comments Jarrad Hubble, CEO of RTGS.global. "As an Australian myself, I’m only too aware of the challenges that Australia’s unique geographic location and time zone differences have historically posed when it comes to cross-border payments with the rest of the world. However, through our cutting-edge technology and this groundbreaking collaboration, we are eliminating these barriers and enabling 24/7/365 settlements." Hubble continues: "Moreover, with the move to T+1 settlement cycle changes globally, our partnership becomes even more crucial. By leveraging our atomic settlement technology, we can help financial institutions in Australia and beyond seamlessly adapt to these changes, ensuring faster and more efficient cross-border transactions. This collaboration with Flash Payments not only strengthens our presence in the region but also marks a significant step forward in our journey to create a globally interconnected, real-time settlement network." Nicolas Steiger, COO of Flash Payments added: “We are excited to partner with RTGS.global to open up new institutional markets for our business, and to provide our services to new global bank partners we wouldn’t necessarily have access to.” Steiger added, “Flash Payments has been at the forefront of payments innovation in Australia, also being the first provider of international payments via blockchain in this market. In RTGS.global’s solution we see a new and innovative rail for fast and cost effective international payment settlement, and as such,  we were keen to provide a core component for that offering in this market”. RTGS.global’s partnership with Flash Payments further demonstrates the unique benefits of its unique atomic settlement solution for MTOs and PSPs, which are increasingly looking to expand their reach internationally to support the growing digital economy.