Australia and New Zealand Banking Group (ANZ) is rolling out an upgraded international money transfer service on its ANZ Plus platform, introducing faster transfers, in-app tracking, and enhanced fraud protection for retail and business customers.
The updated feature allows users to send money to more than 250 destinations, with near real-time transfers available in select corridors. The service also includes estimated delivery times and transaction updates within the app.
Faster transfers with added transparency
The new capability builds on ANZ’s existing cross-border payments offering, with a focus on speed and visibility. Customers will be able to view exchange rates, fees, and expected arrival times upfront, alongside real-time status tracking.
The bank has removed transfer fees for foreign currency payments from eligible accounts and eliminated correspondent fees for selected currencies and destinations, according to the announcement.
Advanced fraud monitoring is integrated through ANZ’s Falcon technology, alongside biometric authentication and scam alerts. The bank is positioning security as a key differentiator as digital payment risks continue to rise.
Focus on retail users and business payments
The service targets both individual customers and businesses making frequent overseas payments. Key corridors include New Zealand, India, the United Kingdom, and Pacific markets, reflecting strong demand from migrant remittance flows and cross-border business transactions.
Business clients using ANZ’s existing internet and phone banking channels will also see enhancements aimed at simplifying supplier payments and improving cash flow visibility.
One clear takeaway: banks are closing the gap with fintech players by embedding speed, pricing transparency, and tracking directly into their core banking apps—rather than relying on third-party services.
About ANZ: ANZ is an Australian multinational bank providing retail, commercial, and institutional banking services across Asia-Pacific markets.
Digital Trade Outlook’s View: ANZ Plus
Digital Trade Outlook Analysis
Real-time visibility and faster settlement are becoming baseline expectations in cross-border payments, especially for SMEs and migrant-driven flows. By integrating these capabilities into its own platform, ANZ is reducing reliance on fintech intermediaries and retaining control over payment relationships. This shift directly supports digital trade by improving liquidity timing and transaction confidence.
Related on Digital Trade Outlook
- NICE Actimize launches Insights Network to expose counterparty fraud risk in real time
- CommBank Deploys AI Agent to Detect Emerging Fraud Patterns in Real Time
- Modern Treasury partners with Sardine to embed real-time fraud detection in payments infrastructure