Same-Day Settlement Revolution: Asia’s Merchants Embrace Faster Payments
Asia’s e-commerce sellers now enjoy same-day payouts thanks to a new partnership between Huma Finance, Arf, Geoswift, and polyflow. Known for operating the PayFi Network, Huma Finance aims to streamline payments that conventional banks often delay.
In Asia, payment timelines can drag due to timezone differences and bank schedules. For example, a U.S. customer’s late payment might reach Asian sellers only by the next business day. “Traditional banking struggles to match the 24/7 nature of global commerce,” explained huma Finance Co-Founder Richard Liu. “PayFi bridges this gap.”
PayFi utilizes stablecoin liquidity and Arf’s settlement technology to expedite cross-border transactions. Once Geoswift processes the payment instructions,funds quickly land in merchant accounts.
“Our merchants demanded quicker settlements,and we responded,” said Geoswift and PolyFlow Co-Founder Raymond Qu. “This sets new standards for payment service providers across global marketplaces.”
This innovation atop Crypto networks illustrates vast potential but remains modest compared to all monetary exchanges. McKinsey reports that stablecoins currently handle less than 1% of daily transactions, totaling around $30 billion.
- Huma finance leads the PayFi project
- Arf and Geoswift ensure fast local currency conversion
- Same-day payouts boost Asia’s e-commerce ecosystem
