Cross-border payments provider Clear Junction has launched a multi-currency SWIFT service aimed at streamlining transactions for remittance companies across Latin America, Asia-Pacific, and EMEA. The new service targets a long-standing industry pain point: achieving faster and more cost-effective last-mile payouts in destination markets.
By enabling bulk payments through SWIFT’s correspondent banking network and connecting to domestic payment schemes such as SEPA, BACS, and the UK’s Faster Payments, Clear Junction can significantly shorten settlement times while lowering transaction costs. The new service expands Clear Junction’s global payments network and multi-currency capabilities, strengthening support for regulated financial institutions and remittance providers in key Asian fintech hubs like Singapore and Hong Kong.
Bridging fiat and stablecoin rails
The launch comes as demand for faster, more reliable payout options increases, particularly in Asia-Europe corridors, where remittance volumes reached $207billion in South Asia and $88billion in East Asia and the Pacific in 2024.
Clear Junction’s solution is built to simplify cross-border disbursements, reduce operational overheads, and meet regulatory requirements across multiple jurisdictions. Through a single API integration, clients can offer faster, more efficient cross-border transfers between Asia and Europe, all in full compliance with local and international regulations.
Crucially, the platform also provides compliant stablecoin payout capabilities, giving clients a secure bridge between fiat and blockchain-based settlement.
Nina Papazyan, chief product and banking relationships officer at Clear Junction, highlighted the combined value proposition: “Remittance firms need reach, speed and cost control. With our multicurrency SWIFT connectivity combined with stablecoin payout services, we provide a unified pathway for faster settlement across fiat and blockchain rails. This reduces time to funds and unit costs, helping licensed institutions launch and scale without the usual delays and overhead”.
Unified access and global compliance
The latest expansion adds SWIFT clearing across 11 currencies, enabling financial institutions to reach more markets and support multi-currency remittance flows at scale. By partnering with Clear Junction, clients gain fast, compliant access to essential infrastructure, including accounts, virtual IBANs, payment networks, FX, and digital asset services, allowing them to reduce time to market and enter new corridors.
Clear Junction Group includes several regulated entities across the UK and Canada, offering both payment and crypto-asset services. The company continues to build enterprise-grade infrastructure for regulated FIs globally that bridges the gap between traditional finance and digital assets.
