The delay sits in the correspondent chain, not in the payment. Taking the chain out of the middle is what removes the wait.
Understanding where the time and the money go is the only way to judge whether a different rail helps you, or just moves the problem.
The exchange rate margin, usually larger than the visible fee and rarely itemised.
Each correspondent bank in the chain may deduct its own charge, which is why the amount received rarely matches the amount sent.
Money in transit is money you cannot use, and at volume that working capital cost is real.
Chasing payments, matching remittance advice and reconciling at month end is a salaried cost that never appears on an invoice.
None of this is anyone behaving badly. It is what happens when a payment has to cross institutions that were never designed as a single system.
| Stage | Correspondent banking | Stablecoin settlement |
|---|---|---|
| The middle | Multiple institutions, each adding delay and cost | One transfer, settling instantly within the platform once funds are available |
| Cost driver | Distance, currency corridor and the number of hops | The network, largely independent of distance |
| Hours | Business hours, in every jurisdiction in the chain | The network does not close |
| Visibility | Request it and wait | Balances and activity visible in real time |
| The fiat ends | Bank rails | Still bank rails, through a linked IBAN |
That last row is the one most vendor pages leave out. The entrance and the exit are still ordinary banking. What changes is the long middle, and how much that is worth to you depends on how much of your current delay sits there.
The platform runs on a stablecoin settlement layer. Fiat is not held inside it. It moves in and out through a linked IBAN, and converts on the way through.
Most of the operational risk in cross-border payments comes from paying the wrong party, or taking money from a source you cannot account for. NGPES makes both a deliberate step.
Here is what each leg takes.
| Leg | Timing |
|---|---|
| Stablecoin transfer | Settles instantly within the platform, once funds have been received and are available. |
| Stablecoin to fiat conversion | Instant. |
| Fiat arriving at the recipient | Depends on the destination currency, the geography and the external banking rails involved. NGPES does not control this leg. |
| Fiat top-up | Depends on the inbound transfer reaching your linked IBAN. |
The digital asset layer is instant once liquidity is available, and the fiat legs at either end move at the speed of the banks involved. That is a large improvement on a correspondent banking chain, and it is not the same as end-to-end instant.
This is what the platform supports today.
| Position today | |
|---|---|
| Stablecoins | Selected MiCA-compliant stablecoins only. Assets outside that set are not held on the platform. |
| Non-compliant assets | Funds arriving in an asset that is not MiCA-compliant can be converted into a MiCA-compliant one, as a case-by-case exception, not a standing service. |
| Fiat | Moves in and out through the linked IBAN via on-ramp and off-ramp. Fiat balances are not held on the platform. |
| Swap | Between supported MiCA-compliant stablecoins only. |
| External accounts | You can register your own external bank accounts and wallet addresses. They are verified before use, and only for flows involving the same organisation. |
| Team management | Announced as coming soon. Not available yet. |
If a particular asset, currency or corridor matters to your business, ask us before you build around it.
Where NGPES is authorised today.
NGPES is based in France and the platform supports selected MiCA-compliant stablecoins only, by design. Services will become available only upon obtaining the relevant CASP and EMI authorisations.
What NGPES states today.
| What NGPES states | |
|---|---|
| Reach | Funds move across 150+ countries via SEPA, SWIFT and local rails. |
| Stablecoin settlement | T+0. |
| Fiat settlement | T+1. |
| Processing | 24/7/365, with no end-of-day batch. Everything is processed in real time. |
| Conversion | Instant conversion between fiat, in USD, EUR and GBP, and stablecoins. |
| Exchange | 24/7 fiat to stablecoin exchange, with OTC support. |
For a per-country arrival time, a fee, or the supported asset and network list, talk to the team.
Because the payment is passed between correspondent banks, each with its own compliance checks, cut-off times and operating hours. The money is queueing at each handover, not travelling slowly.
More than the quoted fee. There is the exchange rate spread, deductions taken by intermediary banks, the working capital tied up while funds are in transit, and the staff time spent chasing and reconciling.
They replace the chain of intermediaries in the middle with a single transfer that settles instantly within the platform once funds are available, at a cost driven by the network rather than by distance.
No. Make a Payment converts your balance to fiat and pays their bank account over traditional rails, so nothing changes for them.
No, and anyone claiming so is overselling. The stablecoin leg is instant once funds are available. The fiat legs at either end move at the speed of the banks involved.
NGPES is France-based, holds Payment Institution status, and has EMI and CASP authorisations in progress. The platform supports selected MiCA-compliant stablecoins only.
One transaction history covering the fiat and stablecoin legs, visible in real time and exportable to CSV or Excel, instead of joining bank statements to exchange exports by hand.
Bring two or three real corridors and we will walk through them with you.
NGPES, Next Generation Payment EcoSystem, is a B2B payment infrastructure that enables businesses to send, receive, hold and move money efficiently across borders. Both fiat currencies and regulated stablecoins are integrated, for faster settlements, lower costs, and enhanced transparency. NGPES is based at 35 avenue de Friedland, 75008 Paris, and was ranked 83 in the Finance Innovation Fintech100 2025.
Interested in our solution? Talk to our team, or email sales@ngpes.com.
.avif)
.avif)
