# The Global Settlement Problem for U.S. Digital Businesses

## **The Problem: Global Settlement Delays for US Businesses**

A U.S.-based digital business can acquire customers globally in minutes—but accessing the revenue they generate can take days or even weeks.

When a customer in India or the Philippines pays a U.S. merchant, the payment must travel through multiple layers of local gateways, correspondent banks, card networks, and FX intermediaries. While the payment authorization may appear instant, **actual settlement to the merchant’s account is not**.

Today, most U.S. digital businesses rely on platforms like Stripe or PayPal for international collections. In these systems:

* Payments from India or the Philippines typically settle in **T+2 to T+5 days**
* Funds are pooled, delayed, and netted across jurisdictions
* FX conversion happens at opaque spreads
* Merchants carry the working-capital burden of delayed settlement

For high-growth businesses, this delay is not just an inconvenience—it directly impacts cash flow, forecasting, and the ability to reinvest in growth.

In emerging markets, the problem is structural, not operational.

#### **Why Emerging Market Payments Are Slower**

Countries like India and the Philippines operate on **asynchronous fiat clearing systems**. Local payment methods, banking rails, and regulatory processes are fragmented and batch-based. Cross-border settlement relies heavily on correspondent banking, which was never designed for real-time commerce.

As a result:

* Settlement speed is governed by the **slowest rail in the chain**
* U.S. merchants are forced to wait, regardless of customer demand
* Pre-funding and trapped capital become necessary to scale

No amount of frontend UX improvement fixes this.

## **Credible's Solution: Real-Time Settlement for US Businesses**

Credible solves this by **decoupling settlement speed from fiat clearing timelines**.

Instead of waiting for local fiat systems in India or the Philippines to complete settlement, Credible advances liquidity at the moment of payment using its **PayFi (payment financing) layer**, backed by stablecoins.

#### **How It Works**

1. A customer in India or the Philippines pays using local payment methods.
2. Credible, operating its own **payment gateway and aggregator**, orchestrates the transaction across local rails.
3. Credible immediately advances stablecoin liquidity to the U.S. merchant, delivering **T+0 (real-time) settlement**.
4. The underlying fiat ↔ stablecoin conversion continues to settle asynchronously in the background.

From the merchant’s perspective, settlement is instant—even though fiat clearing may take days.

#### **What Changes for U.S. Digital Businesses**

With Credible:

* A payment from India or the Philippines settles **in real time**, not T+5
* No pre-funding or trapped capital is required
* Cash flow becomes predictable and continuous
* Growth is no longer constrained by settlement delays

Credible transforms international pay-ins from delayed receivables into **immediate working capital**.

## **The Same Model Powers Real-Time Pay-Outs**

The same challenge exists in reverse.

U.S. neobanks and fintechs sending remittances to India or the Philippines face:

* Slow bank settlement
* High FX costs
* Inconsistent payout timelines

Credible enables **T+0 payouts** by advancing local fiat upfront, while stablecoin-to-fiat settlement clears asynchronously in the background.

Recipients receive funds instantly—regardless of local banking delays.

> Global payments don’t need faster banks.\
> They need **better coordination of capital timing**.

By combining **stablecoin-based PayFi financing** with a **native payment gateway and aggregator**, Credible delivers real-time settlement for cross-border payments—solving a problem legacy payment platforms were never designed to address.
