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Failed cross-border payments are adding to banks’ costs, with 34% of financial institutions reporting bank c — payments market news thumbnail
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Failed cross-border payments are adding to banks’ costs, with 34% of financial institutions reporting bank c

LinkedIn · Asian Banking & FinanceRead original

Failed cross-border payments are adding to banks’ costs, with 34% of financial institutions reporting bank charges on 12% to 25% of failed transactions. Meanwhile, 59% said 4% to 8% of payments needed extra checks or repairs.