Corridor playbooks for cross-border payment teams
How to fund and pay out in the corridors remittance and stablecoin payment companies run most: local rails and cut-offs, who pays out, FX constraints and what makes each corridor hard to prefund.
USD to MXN (Mexico)Senders fund the corridor in US dollars over Fedwire or ACH on US business days, and payout partners deliver pesos to ba...USD to BRL (Brazil)Dollars sent from the US are converted into reais through an institution authorised by the Banco Central do Brasil to op...USD to COP (Colombia)Dollars from the US must be received and converted by a Colombian foreign exchange market intermediary (a bank, SICSFE, ...USD to PHP (Philippines)US dollar remittances are converted into pesos by BSP-authorised banks, whose interbank USD/PHP spot trades settle the n...USD to INR (India)Dollars from the US reach Indian beneficiaries mainly through the Rupee Drawing Arrangement, in which overseas exchange ...USD to NGN (Nigeria)US providers fund the corridor in dollars over Fedwire, ACH or the instant rails, and a CBN-licensed IMTO sells those do...GBP to NGN (Nigeria)UK providers collect and fund sterling over Faster Payments (24/7) or CHAPS, and a CBN-licensed IMTO converts at the pre...CAD to NGN (Nigeria)Canadian providers collect by Interac e-Transfer or AFT and move funding over Lynx on business days, and a CBN-licensed ...GBP to KES (Kenya)UK providers fund sterling over Faster Payments or CHAPS, convert to shillings through a Kenyan commercial bank at a mar...USD to GHS (Ghana)US providers send dollars to a Ghanaian universal bank's nostro account, where the settlement bank converts them the sam...
Know where all your money is.
Polynopsis gives cross-border payment teams one live position across every bank, payout partner, exchange and wallet, including money in flight, and warns before a corridor runs dry.