Cross-border Payments


Cross-Border payments occur when the payee and the payer reside in different countries. Making cross-border payments has been a problematic area for a very long time, and it faces several challenges. There are numerous intermediaries involved. The present method may reduce the chances of fraud, but it is more expensive due to commissions. Moreover, the payment processing time is prolonged, as cross-border payments can take one to five days for successful transactions. Personal data privacy regulations are not clear and there is a lack of transparency. AUC sees this challenges and wishes to solve them with Blockchain!

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