Fintech firms can bypass many of the costs and delays of traditional cross-border payments by matching transactions within their own networks. Instead of money physically crossing borders, domestic transfers are netted internally—bringing costs close to zero and allowing payments to settle almost instantly, Harvard Business School professor Wenxin Du explains. Watch Economics, Applied with Hoover Senior Fellow Steven J. Davis at the “related video” above. #WenxinDu #StevenJDavis #EconomicsApplied #HooverInstitution #HarvardBusinessSchool #FinTech #FinancialTechnology #DigitalPayments #CrossBorderPayments #InternationalPayments #PaymentSystems #PaymentInnovation #InstantPayments #RealTimePayments #GlobalPayments #DigitalFinance #FinancialInnovation #FutureOfFinance #FinancialServices #Banking #InternationalBanking #PaymentNetworks #TransactionCosts #TransactionSettlement #PaymentSettlement #Netting #FinancialInfrastructure #GlobalFinance #InternationalFinance #FinancialMarkets #FinancialCompetition #Economics #EconomicPolicy #HooverFellows #HooverPlus
The Hoover Institution, officially The Hoover Institution on War, Revolution, and Peace, is an American public policy think tank and research institution that promotes personal and economic liberty, free enterprise, and limited government.
