Standard Chartered has entered into a collaboration with Dandelion, an Euronet Worldwide company, to enhance real-time cross-border payments.

The partnership is anticipated to expand the bank’s services, offering clients and users more destination currencies and access points, including both account and digital wallet endpoints.

Dandelion’s secure and efficient payment infrastructure will facilitate last-mile delivery through domestic ACH, instant payment systems, and direct digital wallets. This alliance aims to address increasing demands for global cross-border payments while supplementing traditional bank account transfers.

By integrating Standard Chartered’s PrismFX with Dandelion’s network, clients can achieve more streamlined foreign exchange (FX) payments across various markets and endpoints.

MORE INFORMATION ON THE STANDARD CHARTERED X DANDILEION PARTNERSHIP

The partnership is expected to highlight Standard Chartered’s commitment to advancing cross-border payment solutions. Both companies will work towards creating a secure, efficient international payments and FX experience that offers speed, cost efficiency, and transparency.

Additionally, the collaboration follows an extended partnership between Standard Chartered and Visa through the integration of Visa Direct for improved low-value global disbursements. This move enabled the bank to direct payments efficiently to beneficiary accounts via local ACH or instant payment systems, optimizing transaction success and reducing costs.

In early 2023, Ant International and Standard Chartered, with support from Swift’s infrastructure, initiated live production trials for a bank-to-wallet solution using ISO 20022. Through Alipay+, the first transactions were completed between a user account of a Standard Chartered Bank and an e-wallet.