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6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments

Fintech News

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. Another company from Singapore featured on the list is Tazapay.

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BIS Sets Out Roadmap for ISO 20022 Implementation in Cross-Border Payments

Fintech News

BIS aims to improve the efficiency of cross-border payments. They also provide impetus to industry-led efforts to create guidelines for faster cross-border payments. The CPMI views these guidelines as essential to making cross-border payments safer and more efficient.

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BIS CPMI Takes Further Steps to Promote ISO 20022 Harmonisation for Enhanced Cross-Border Payments

Fintech Finance

The BIS Committee on Payments and Market Infrastructures (CPMI) announced further steps to promote the adoption of its harmonised ISO 20022 data requirements for more efficient processing of cross-border payments. The data requirements were published in a report to the G20 in October 2023.

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Fintech specialist BAT VC invests in Payall to revolutionize cross-border payments solutions

The Payments Association

The investment will accelerate Payall’s mission to provide institutional-grade infrastructure enabling banks and financial institutions to offer safe, low-cost, and transparent cross-border payments. India is the world leader in remittances, receiving over $120 billion in 2023. percent from 2023.

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Bitso Business Surpasses $12 Billion in Transactions in 2024 and Unveils Study Revealing Stablecoins as the Leading Alternative for Cross-Border Payments

Fintech Finance

Bitso Business the B2B arm of Bitso that provides the infrastructure for the future of cross-border payments releases its 2024 results. The global cross-border payments market, currently valued at $44 trillion, is projected to reach $65 trillion by 2030. trillion by 2030.

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Juicyway Emerges From Stealth With $3m Pre-seed to Revolutionise Cross-border Payments for Africans

Fintech Finance

With remittance fees in Africa averaging 13% on $200 transfers in Q4 2023, there is a clear need for cost-effective solutions. This is achieved through significantly reduced transaction costs, enhanced accessibility to crucial financial services, and seamless cross-border transfer of value on the continent.

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Mastercard Move and Cairo Amman Bank Join Forces to Enable Convenient and Secure Cross-Border Payments in Jordan

Fintech Finance

We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions. Our partnership with Cairo Amman Bank will be instrumental in bringing convenient and secure cross-border payment solutions to Jordan. billion in 2023, an increase from USD4.91