Bottomline Launches Global Pay Connect, Taps Chainlink for Onchain Bank Payments
Bottomline, 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 This development addresses critical industry challenges, as 40% of CFOs identify outdated infrastructure as the primary barrier to adopting real-time payments.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.