Bottomline Launches Global Pay Connect, Taps Chainlink for Onchain Bank Payments
RWA Signal Insight
InfrastructureBottomline, a major Swift service provider processing over $16 trillion in annual payments, has launched Global Pay Connect to bridge traditional banking infrastructure with blockchain networks. The platform enables more than 600 financial institutions to access onchain payment rails without the need for extensive system replatforming. By integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Chainlink Runtime Environment (CRE), the solution provides a unified, network-agnostic connection for diverse payment systems like Swift, SEPA, and CHAPS. This development addresses critical industry challenges, as 40% of CFOs identify outdated infrastructure as the primary barrier to adopting real-time payments. Beyond connectivity, the platform offers ISO 20022 transformation, payment data enrichment, and AI-enabled insights to improve operational intelligence. The collaboration marks a significant step in institutional adoption, allowing banks to support emerging models such as digital assets and tokenization. By simplifying complex cross-border payment workflows, the initiative positions Bottomline and Chainlink as key facilitators for the future of programmable finance.
Key points
- Bottomline processes $16 trillion annually and serves over 600 financial institutions.
- Global Pay Connect utilizes Chainlink CCIP to bridge traditional rails with blockchain networks.
- The platform supports ISO 20022 compliance and integrates major networks like Swift and SEPA.
- 40% of CFOs cite legacy infrastructure as the main hurdle to real-time payment adoption.
Background
Bottomline is a global provider of financial technology that specializes in payment, cash management, and digital banking solutions for corporations and financial institutions. Chainlink is a decentralized computing platform that provides the infrastructure, such as the Cross-Chain Interoperability Protocol (CCIP), necessary for different blockchains and traditional financial systems to communicate securely and transfer data or assets.