J.P. Morgan Payments: AI, Blockchain and APIs Make Cross-Border Payments as Simple as Domestic Transactions

PYMNTS.com December 5, 2023

It’s no surprise that businesses and consumers continue to seek alternatives to traditional, costly and time-consuming methods for international payments, driving a growing demand for faster, cheaper and more efficient cross-border payment solutions.

As their needs evolve, both consumers and corporates want their cross-border payment experience to mirror the same type of payment experience that they have in their domestic markets, J.P. Morgan Payments’ Naveen Mallela, managing director of Onyx Coin Systems, and Gayathri Vasudev, global head of cross-currency payments, told PYMNTS in a recent conversation.

They explained that rapidly advancing technologies, like artificial intelligence (AI), blockchain, and application programming interfaces (APIs), are poised to play a crucial role in enhancing cross-border payment flows to match the ease...

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