Payments and Clearing
Cross-Border Payments:
The Future of Money Knows No Borders
Sending money across borders should not be slow, expensive, or complicated. We are in the process of changing that. Our cross-border Payments solution can help financial institutions send and receive money instantly, securely, and at low cost, just like a local payment. It has been designed for banks and non-banks looking to grow, connect, and make payments easier across the region.
What Sets Us Apart:
Move Money Across Borders Quickly and Affordably
Sybrin makes cross-border payments fast, low-cost, and easy to use; backed by market understanding and best practices. Our solution is built for banks and authorised non-bank providers, helping you grow faster across regions.
Expert Support:
Sybrin can guide institutions step-by-step into the cross-border ecosystem. Our team makes it easy to connect and go live, opening access to new markets and customers.
Built for the Future:
Sybrin’s cross-border system follows ISO 20022 messaging standards — making your payments compliant, secure and ready for any global integration.
Focused on Inclusion:
Sybrin believes in financial access for all and its platform can support high volumes of small transactions, which can help underserved communities and boosting regional growth.
Trusted Experience:
With years of success in complex payment systems, the Sybrin team knows how to tailor solutions to different environments; ensuring cross-border operations run smoothly.
Features that Serve,
Benefits you Deserve
Send and receive money across African borders in real time with lower fees and higher transparency. Whether a bank or a licensed payment service provider, Sybrin’s cross-border solution helps connect with more markets, more efficiently.
Features
Instant Transfers with real-time clearing and deferred settlement to keep liquidity flowing.
Designed for both financial institutions and authorised non-bank providers like MNOs and fintechs.
Built on ISO 20022 for smoother integration, richer data, and better interoperability across systems.
Protected by end-to-end encryption and strict access controls for safe, compliant transactions.
Protected by end-to-end encryption and strict access controls for safe, compliant transactions.
Open-loop architecture enables easy connections with partners across countries and platforms.
Access enriched reporting for compliance, customer insights, and smarter decisions.
Optimised for high-volume, low-cost transactions to reach new and underserved markets.
Business Benefits
Expand into new regions and remittance corridors.
Automate processes to cut costs and reduce overheads.
Ensure transparency and auditability to stay compliant.
Deliver faster, more reliable services to boost customer loyalty.
Bridging Borders: Effortless and Affordable Payments
The future of cross-border payments is here: instant, affordable, and secure. Our solution is the gateway to seamless financial connectivity, empowering expansion, reducing costs, and leading the way in a truly interconnected world.
FAQs
What is the difference between domestic and cross-border payments?
Domestic payments are processed within a single country’s payment infrastructure and currency. Cross-border payments move funds between different countries and often involve multiple currencies, payment networks, regulatory requirements, and financial institutions.
How do cross-border payments work?
Cross-border payments happen when a sender in one country sends money to a recipient in another. If the sender’s bank does not have a direct relationship with the receiver’s bank, the money travels through correspondent banks and often also involve currency conversion.
Why are cross-border payments slow and expensive?
Traditional cross-border payments often involve multiple banks, intermediaries, clearing systems, and currency conversions, each adding processing time, fees, and operational complexity. Differences in regulations, payment standards, and operating hours across countries can further delay transactions. Modern cross-border payment solutions address these challenges through real-time processing, standardised messaging such as ISO 20022, direct connectivity, and automated workflows, enabling faster, more transparent, and cost-effective international payments.
How does ISO 20022 support cross-border payments?
ISO 20022 standardises payment messages across financial institutions, improving interoperability, richer payment data, and straight-through processing. This helps simplify international payment processing while supporting better compliance, transparency, and operational efficiency.
What are the benefits of modernising cross-border payments?
Modernising cross-border payments helps financial institutions improve processing speed, reduce operational complexity, enhance transparency, support evolving regulations, and introduce new payment services. Modern platforms also simplify integration with existing banking systems and payment networks.
Can Sybrin help organisations participate in new cross-border payment schemes?
Yes, subject to scheme requirements. Sybrin has the orchestration and integration capability to support regional or cross-border payment schemes where specifications, connectivity and participant rules are available. It supports configurable integrations, interface translation, ISO 20022, proprietary domestic formats, ACH/RTGS/SWIFT interfaces and alternative payment platforms. Scheme-specific readiness must be confirmed through discovery, including message formats, settlement and regulatory rules, participant models and certification requirements.
What is Sybrin's TCIB capability?
Sybrin’s TCIB Integration Service provides an integration layer between Sybrin’s core framework and the PayInc (previously BankservAfrica) TCIB scheme or a direct bridge between a registered participant and TCIB. It supports sending and receiving payments, returns and account verification checks.
What payment messages does TCIB use?
For TCIB payment send methods, the service expects ISO 20022 PACS008 messages. Payment returns use PACS004 messages.
Does Sybrin support both synchronous and asynchronous TCIB processing?
Yes. Sybrin supports synchronous and asynchronous TCIB processing. In asynchronous processing, the payment can be queued and processed by the Payment Processor with callbacks to the participant if configured.
How does Sybrin handle TCIB acknowledgements and responses?
Yes. The TCIB service includes status request capabilities using unique identifiers so participants can track payment outcomes and correlate responses.