RTGS.Global Adds AMINA Bank To Its Cross-Border Payments Network
The companies said US dollar and British pound accounts are planned for a later phase. AMINA is the first bank on the network to offer both fiat banking and digital asset services, according to the announcement.
Clients hold accounts directly with AMINAEligible businesses that complete AMINA's onboarding will hold accounts directly in their own business name. They will be able to manage those accounts through RTGS alongside their other banking relationships.
The initial rollout is aimed at payment service providers, money transfer operators and other eligible firms that need to work across fiat and digital assets. It combines local payment infrastructure and wallets in the same place, capabilities that businesses often obtain from separate providers.
Initial rollout and possible FX expansionFelipe Hillard, chief commercial officer at RTGS, said the arrangement gives clients more options for moving money across currencies. AMINA chief product officer Myles Harrison said joining the network gives the bank a direct route to businesses looking for both traditional and digital asset banking.
AMINA, based in Zug, is licensed by the Swiss Financial Market Supervisory Authority, FINMA. The companies said they intend to explore further collaboration, including possible participation by AMINA as an FX pricing provider on the platform. That possibility is separate from the initial launch.
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