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As the global demand for faster, more affordable, and increasingly transparent cross-border payments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. Eli Shoshani Eli Shoshani is Head of APAC at Bottomline , a leader in global business payments with extensive expertise in the region.
The outdated infrastructure, not only slows down innovation, but also has increased maintenance costs, often hard to scale due to local one time customisations, and hence inflexible when it comes to integrating new digital services of their own or from third party providers. Strategic planning and long-term vision are therefore essential.
Home News Regulation Payments fintech Navro acquires first US licence Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. It is now targeting Apac and the Middle East. Integrating New Channels In A New World Of Payments Welcome to Finextra.
Mastercard Cloud Edge, a cloud-based connectivity solution, created by payments giant Mastercard and cloud providers, including Amazon Web Services (AWS), will now enable Asia Pacific banks and fintechs to streamline the launch of payments tools as said financial institutions can now onboard onto Mastercard’s network up to four times faster.
Anthony Ginolin, IDEMIA Secure Transactions, Payment Services, Vice President of Growth, APAC Consumers demand for hyper-personalization goes beyond simply owning a metal card; its having the possibility to choose from multiple designs and options. IDEMIA has been issuing metal cards since 2015.
In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits.
Whether you are a B2B founder building a global marketplace, a CFO steering a SaaS scale-up, or a finance team tasked with managing complex payments, finding the best fintech tools is critical. This guide covers the top 100 fintech tools across key categories including banking APIs, billing, KYC/AML, FX, crypto tools, and open banking.
Nium, a major player in real-time cross-border payments, has announced an expansion of its partnership with Thredd , a global payments processor. The collaboration will focus on issuing virtual cards within the Asia Pacific (APAC) region, aimed at facilitating payments for travel intermediaries such as hotels and airlines.
APAC lawmakers appear to be using them as a guide in creating their own regulations, including in Dubai and South Korea. These systems enable FIs to generate greater insights into consumers’ banking and payment behaviors, Munyuki added, and that data can create more personalized or unique services to help them compete.
Its Agentic API layer will ensure that AI agents can access web services and data sources seamlessly, unlocking new opportunities for interaction and information retrieval. Rooted in the GCC, SemanticPay aims to scale globally, with its team currently having a presence in APAC and Europe.
Fiserv has acquired Australia-based PayFac Pinch Payments to strengthen its digital payments offerings and expand its merchant reach across the Asia Pacific region. Payments innovator Fiserv has acquired Australia-based payment facilitator (PayFac) Pinch Payments for an undisclosed amount.
DECTA , a leading provider of technical payment solutions, is excited to announce the launch of the DECTA Fintech Fast Track—a program designed to fast-track the journey of innovative fintech companies entering the card issuing and payment acquiring industry. Who Can Apply? ” said Nikita Melnikovs, Board Member at DECTA.
With 355 million gamers contributing to an expected US$14 billion market in 2024, LatAm is emerging as a major growth region for global gaming companies, presenting considerable opportunities for Asia-Pacific (APAC) firms, according to Eduardo de Abreu, Vice President of Product at EBANX, a leader in localized payment solutions.
Fintech funding in APAC recorded a significant decline in H1 2023, dropping from US$6.8 As the fintech sector continues to grow and evolve in APAC, organizers are hosting a number of large-scale events to showcase the region’s latest innovations and fastest-growing players. billion in H2 2022 to US$5.1 billion, the data show.
Mumbai-based fintech company BriskPe has tied up with Currencycloud , a provider of B2B embedded cross-border solutions, to expand its customers’ payment options. The collaboration is aimed at providing Indian businesses with competitive foreign exchange rates and more efficient payment processes.
Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. What’s more, Currencycloud’s platform is flexible, scalable, and integrates seamlessly with ours to enable a smooth and efficient user experience.
Nium , the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.
Jack Forestell, Visa’s Chief Product and Strategy Officer said , “Combining the strength of our global network with our leadership in payment innovation here in Asia Pacific, we are bringing new products and solutions that will transform commerce and deliver trust and security to AI-enabled payments across the region.”
Yuno , the world’s leading payment orchestrator, today announces the launch of Payout, a groundbreaking new feature designed to simplify the full spectrum of global payment work streams for merchants. For example, U.S.
From Disruption to Integration Circle, the issuer of USDC, has long positioned itself as the “compliant” stablecoin: fully reserved, dollar-backed, regulated in the U.S. Stablecoins are not just payment mechanisms. By becoming a public company, Circle has won trust from banks, payment processors, regulators, and asset managers.
These days, with the emergence of the cloud, open banking and application programming interfaces (APIs, the moniker “as-a-Service” applies to pretty much any business function that is now able to be outsourced to a third party. Technology brings the concept of flexible payments into reality. Flexibility Is Key.
To address this, stakeholders including NETS Group and Liquid Group are working on interoperable QR payment solutions that are designed to simplify processes for merchants, Chia said. On the international front, cross-border payments have presented a different set of challenges.
To that end, Vincent Caldeira, chief technologist for FSI in APAC for Red Hat told PYMNTS, FIs — especially incumbent FIs — are facing rapid changes in payments that demand they modernize payments processing, embedding new functionality along the way. The Need For Standardization In Cross-Border Payment Processing.
Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership expansion with Airwallex , a leading global payments and financial platform for modern businesses. That agility is crucial for supporting the company’s continuous, rapid international expansion.
FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s top cross-border payment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide.
In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s demands for seamless and integrated financial services. This entails moving beyond outdated legacy systems to embrace disruptive technologies such as coreless banking platforms, open APIs, Generative AI, and Machine Learning.
Money20/20 Asia made its debut in Bangkok on April 23, 2024, bringing together key players from across Asia’s financial landscape, including banks, payment providers, startups, retailers, fintech companies, and regulators. Additionally, they can access developer guides on API technology and security protocols.
Industry hires Guavapay, a provider of end-to-end payment solutions headquartered in London, UK, appoints Guy Noble as its new CEO for Guavapay UK. PayFuture , the payments technology platform connecting global businesses with emerging markets, has appointed Praful Morar as deputy CEO. This expands a relationship which began in 2014.
TerraPay , a global leader in digital cross-border payments, today announced that it has been granted a Class B license by Bank Negara Malaysia (BNM). It also empowers TerraPay to deepen its collaboration with local financial institutions and fintechs, offering them access to its robust, interoperable, and API-driven payment infrastructure.
Nium , the global leader in real-time cross-border payments, today announced the expansion of its partnership with Thredd , a leading global payments processor, to issue virtual cards in the Asia Pacific (APAC) region. Download Nium’s latest research on how virtual cards are transforming the travel payments landscape here.
The company replaces traditional B2B payment methods (e.g. Their system seamlessly integrates with clients’ existing infrastructure to automate the entire payout process, from invoice generation to payment execution. Thitsa Payment Portal is a web-based platform integrated with Mojaloop. ThitsaWorks Pte.
EAZY Financial Services ‘EazyPay’, a Bahraini financial institution specialising in point-of-sale (POS) and online payment gateway acquiring services, has teamed up with Tarabut , the MENA region’s regulated open banking platform. Balint has held senior roles at Afterpay, amaysim, Ola and Optus.
The conversation delved into the transformation journey of Currencycloud into Visa Cross-Border Solutions , a foreign exchange and cross-border payments solution within Visa, and how it addresses the challenges of cross-border payments in today’s fintech landscape.
Mastercard today announced that Asia Pacific banks and fintechs can onboard to its network up to four times faster and streamline the launch of payment tools via Mastercard Cloud Edge, its cloud-based connectivity solution, offered in collaboration with cloud providers, including Amazon Web Services (AWS), an Amazon.com, Inc.
In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.
We provide products from payments and collection, FX and payout all the way to embedded finance to allow or empower any businesses to operate the whole financial and payments stack on top of our platform. Companies such as TripAction and Niven utilize our infrastructure to power reimbursement products worldwide via our core API.
Banks in Asia-Pacific (APAC) are diversifying their offerings and embracing innovative digital strategies including super-app platforms, financial marketplaces and banking-as-a-service (BaaS) models. Indian bank and financial services company ICICI Bank is highlighted as one of the top BaaS providers in APAC.
The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS). How Does Project Nexus Work? trillion by 2025.
By combining Salt Edges Open Banking Compliance solution with Finastras core banking platforms, Fusion Essence and Fusion Equation, the duo empowers institutions to build the necessary architecture to meet end-to-end banking requirements and compliance through a single API. Cobhorn Drive, south Bristol.
These days, with the emergence of the cloud, open banking and application programming interfaces (APIs, the moniker “as-a-Service” applies to pretty much any business function that is now able to be outsourced to a third party. Technology brings the concept of flexible payments into reality. Flexibility is Key.
In the sixth annual compendium of 500 burgeoning companies across the Asia Pacific (APAC) by the Financial Times and Statista , technology enterprises constitute nearly a third of the 2024 roster, with 8% of the APAC’s fastest-growing entities being fintech companies.
The latest news from the Open Banking ether stems from around the world, including the Asia-Pacific (APAC) and the Middle East and North Africa (MENA) regions, as markets like Israel and South Korea take their first steps to develop and deploy Open Banking regulatory frameworks.
Currencycloud has teamed up with BriskPe , the Mumbai-based cross-border payments fintech, to expand BriskPe’s customers’ payment options. By integrating Currencycloud ‘s APIs, BriskPe gains the capability to utilise local account-based collections in strategic markets such as the UK, EU, Canada, and the US.
Singapore is home to a robust and thriving fintech industry that’s often regarded as one of the leading hubs in Asia-Pacific (APAC). Founded in 2012, Apidays is a leading series of worldwide conferences that aims to democratize and evangelize the opportunities of APIs for corporations.
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