A global trade group plans to bring digital assets into its core work and its plans for members.
IAMTN is the global trade group for the cross-border payments industry. Today it shared a plan to bring digital assets into its core work and its plans for members.
This shows how old-style finance and decentralised finance (DeFi) are coming together. As part of the plan, IAMTN has teamed up with the French fintech firm Next Generation NGPES.
This deal is a first in the industry. A global trade group is teaming up with a system built to link bank networks with digital finance on the blockchain.
By using NGPES’s payment tools, IAMTN aims to:
- Bring its own money tasks up to date
- Give more power to its members around the world
- Stay at the front of new ideas as finance changes fast
Unlocking the Potential of Stablecoin Adoption
A key part of this deal is that IAMTN can now take payments in stablecoins. This shift reflects the growing use of these coins worldwide. Growth is strongest in emerging markets, where many IAMTN members work.
Stablecoins offer real fixes for common problems in these markets, such as:
- Local money that loses value fast
- Little access to foreign money
- High fees to send money
IAMTN will use NGPES’s B2B payment platform, which runs on blockchain. This will make its own finances run more smoothly. It will also set a real example for its members. They include licensed money transfer firms, payment firms, and banks.
This move makes IAMTN a leader in digital finance. It also helps its members use stablecoins to pay faster and for less, with no borders. For context on this trend, see how central banks are looking at stablecoins for cross-border settlement.
A Tech Leap Toward Payments With No Borders
At the heart of the deal is Next Generation NGPES’s modern payment system. It runs on blockchain and cuts out the waste of old-style bank-to-bank transfers. It does this with regulated stablecoins and custodial wallets linked to an IBAN.
The process is simple but powerful:
- A sending company sends fiat currency.
- The money is turned into a regulated stablecoin inside NGPES’s secure wallet system.
- The recipient gets the funds instantly, either in fiat or stablecoins.
This removes borders and costly middlemen. It keeps fees as low as possible. Payments across borders arrive almost at once and with no fuss.
Frank Combay, Chief Business Officer of Next Generation NGPES, commented:
“We are proud to partner with an esteemed international association like IAMTN to help drive the adoption of cutting-edge financial solutions. By providing our premium NGPES payment platform, we’re enabling IAMTN to streamline its payment processes and embrace the future of finance.
Our blockchain-powered solution transforms cross-border transactions by removing inefficiencies associated with traditional intermediaries, delivering seamless, compliant, and instantaneous payments. As members of IAMTN ourselves, we look forward to setting a new standard for collaboration and innovation within the global payments industry.”
Making the IAMTN Network Stronger in the Digital Age
IAMTN was set up to promote safe, fast payments and to bring more people into the financial system. For IAMTN, this deal is a key milestone in how it is changing.
By adding DeFi tools, IAMTN boosts what it can do. It also stays useful in the digital age and keeps pace with what its members need.
Nikila Punnoose, Head of Global Network Expansion at IAMTN stated:
“This collaboration marks an important step in IAMTN’s journey to explore the implementation of decentralised finance and strengthen our focus on innovation. By partnering with Next Generation NGPES, a regulated and forward-thinking entity, we ensure that we remain aligned with the latest regulatory developments while safeguarding our members and fostering the adoption of transformative financial technologies.”
IAMTN has over 100 linked groups and people in its network. It sees stablecoin payments as a key step to draw new players from digital finance. At the same time, it plans to keep its lead in new ways to pay across borders. Large card networks are also moving this way, as our report on Visa’s stablecoin settlement shows.
About IAMTN
IAMTN is the leading global platform working to change cross-border payments and bring more people into the financial system.
The group brings together private firms with new ideas, regulators, lawmakers, and aid groups. Together they build tools that help millions of people, firms, and poorly served communities worldwide.
About Next Generation NGPES
NGPES is a payment system that runs on stablecoins regulated in the EU. It offers custodial wallets linked to an IBAN, built-in ways to move between euros and crypto, and smooth payments via SEPA and blockchain.
NGPES changes how money is reached, sent and controlled across borders. This lets firms use new payment features that bring clear value they can measure.
This is a press release / sponsored content. Read our Sponsored Content Policy. This article is not intended as financial advice. Educational purposes only.
