Wire · operational-macro
FedNow Opens Door to Cross-Border Instant Payments
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Fusion42 · 25 September 2026 · Fusion42 review
The Federal Reserve announced that its FedNow instant payment system will soon support cross-border transactions, allowing U.S. banks and credit unions to send or receive instant payments involving foreign parties using correspondent banks for the overseas leg. This marks the first global step for FedNow beyond its domestic launch in 2023, with testing underway and regulatory changes proposed to enable intermediaries other than Federal Reserve Banks to handle payments.
This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it between 24 Sep 2026 and 25 Sep 2026.
◆ ◆ The Wire takeaway
You face a new opportunity as US banks gain cross-border instant payment abilities through FedNow. Start lining up potential international customers now before competitors capture the early adopters and correspondent relationships become critical.
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3 sources · first reported 24 Sep 2026 · latest 25 Sep 2026
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