This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Instant international payments via cell phone numbers shown to be possible under BIS project

By Phoebe Seers ( March 23, 2023, 09:17 GMT | Insight) -- The prospect of instantaneous and inexpensive cross-border payments is edging closer with the results of a successful test that has seen money sent internationally using only cell phone numbers. The Bank for International Settlements today revealed that it had been able to link up the domestic payments systems across three countries and that its next steps will expand the project to more regions.The prospect of instantaneous and inexpensive cross-border payments is edging closer with the results of a successful test that has seen money sent internationally using only cell phone numbers....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections