Sentences with phrase «global payments steering»

According to Ripple, its Global Payments Steering Group (GSPG) is where «leading banks are working with Ripple to reduce the time and cost of settlement, while also enabling new types of high - volume, low - value global transactions.»

«Banks like Bank of America Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and CIBC have joined Ripple's Global Payments Steering Group (GPSG) just to name a few.

Last September, the company launched the «Global Payments Steering Group», which is the first interbank blockchain group for global payments, and which will enable member banks to facilitate the creation and maintenance of payment - transaction rules with formalised standards for money transfers over the Ripple blockchain.