Finding the Right Payment Pathway: International Payments Launched by Cross River Bank

To offer businesses seamless, efficient and cost-effective cross-border transactions, Cross River Bank, a tech infrastructure provider that offers embedded financial solutions has announced the launch of its new International Payments solution. 

The new offering arrives as the demand for cross-border payments increases and is set to help the market reach its estimated forecast of $320trillion by 2032. Cross River’s International Payments platform is rail-agnostic, dynamically selecting the most relevant payment rails based on transaction size, currency, and corridor. This ensures businesses and consumers benefit from faster processing times so consumers receive their money when and where they need it.

Cross River’s solution offers businesses a range of payment pathways—from SWIFT for secure, standardised cross-border transactions to local bank rails optimised for domestic B2B and B2C transfers. The capability initially enables cross-border payments for fintechs and SMBs, B2B and B2C transfers, funding operating accounts and subsidiary payments back to parent companies.

This launch marks just the beginning of Cross River’s commitment to powering borderless finance. The bank will continue to invest in expanding supported use cases, countries, and currencies—enhancing the infrastructure to meet the evolving needs of fintech partners and enabling more businesses and consumers to move money globally with speed, security, and confidence.

Commenting on this, Luca Cosentino, head of product at Cross River, said: “Our goal is to simplify cross-border payments by removing technical barriers that limit global scalability. Our International Payments capability uses a flexible, rail-agnostic approach to enable fast, cost-effective, and secure transfers — whether through SWIFT or local bank rails.

“This milestone not only marks a significant advancement in our infrastructure but also sets the stage for future real-time global payment solutions that help our partners deliver seamless international experiences.”

Aion’s adoption of International Payments

An early adopter of Cross River’s International Payments is Aion, a modern business finance platform, designed to simplify financial management. Cross River and Aion have previously partnered to enable instant payments domestically via RTP and FedNow, as well as traditional methods such as ACH, same-day ACH and Wires.

Cross River also provides business banking accounts through Aion, including a High-Yield Business Account. Aion’s commercial-grade, all-in-one banking solution helps streamline business payments, now internationally with Cross River’s solution.

“SMBs are the backbone of the global economy, yet they’ve long faced high costs and delays when paying international suppliers or remote teams,” said Satish Palvai, founder and CEO at Aion. With Cross River’s International Payments, we’re leveling the playing field by giving growing businesses access to the same speed and efficiency once reserved only for large enterprises.”

With strict adherence to regulatory standards, Cross River’s International Payments platform integrates advanced anti-money laundering (AML) tools and compliance solutions. Fully routable subledgers and detailed customer records allow businesses to monitor transactions on a sub-entity level, ensuring security and reliability.