Multiple payment use cases are being explored by banks to address payment inefficiencies, reduce processing costs, introduce new products and services, and expand into new markets.
Blockchain technology is being probed for its application to payments and transaction banking.
Key Takeaway
- Lower friction costs are seen as the main benefit utilizing distributed ledger technology (DLT)
- Intrabank cross-border payments is the preferred use with DLT-enabled solutions
- Bankers are very bullish on the potential use in trade finance
Read, Distributed Ledger Technology in Payments and Transaction Banking to learn more.