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FXC Intelligence, a data platform specializing in the cross-borderpayment and e-commerce sectors, has released its annual Cross-BorderPayments 100 list, highlighting the 100 most influential players in global payments. The company is currently valued at US$5.5 billion, according to CB Insights.
The Challenge Cross-borderpayments are critical yet often costly and complex, especially for growing businesses expanding into Southeast Asia and South Asia. Geopolitical shifts have diversified supply chains, and real-time payments have become the preferred method for digital transactions in these regions.
A new report by Deloitte delves into the latest developments in the cross-borderpayment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. trillion in consumer spending across channels in 2023.
In the Asia-Pacific (APAC) region, the economic growth narrative is interwoven with technological innovation, propelling the B2B payments market into new realms of possibility. These diverse payment modalities symbolise businesses’ dynamic strategies to navigate the varied financial terrains across the Asia-Pacific region.
Money20/20 , the global fintech show, is gearing up to return to Asia from 22 to 24 April 2025, with plans to spotlight cross-borderpayments. During this year’s show, Money20/20 plans to focus on Asias innovations, emerging payment networks, and regulatory leadership that shape the payment ecosystem in the region.
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-borderpayments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.
Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-borderpayments, payment accounts, and e-money services. Find out how Currencycloud can help you build your payments infrastructure by speaking to one of their experts today.
Global payments company Nium has announced a new partnership with Artajasa, a prominent Indonesian payment infrastructure provider. Anupam PahujaN “Nium’s growth in APAC reflects our dedication to transforming the global financial landscape.
The partnership is focused on enhancing cross-borderpayment services for e-commerce merchants in APAC. Unlimit’s global payment portfolio consists of 1,000+ directly integrated payment methods and local acquiring licenses operating across 5 continents.
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?
FXC Intelligence, a data platform specializing in the cross-borderpayment and e-commerce sectors, has released its annual selection of the world’s top cross-borderpayment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide.
Global payments company Nium has appointed Alyssa-Jane Tan as its Director of Marketing for the Asia-Pacific (APAC) and Middle East & Africa (MEA) regions. and Audience Growth Manager at Google APAC, where she developed strategies for digital marketing and customer retention. Google, and ShopBack.
Nium , the leading global infrastructure for real-time cross-borderpayments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-borderpayments across 35 African markets for more than 32 million customers.
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. March 2023 marked the start of the migration with a coexistence period with MT messages.
With a highly skilled international workforce, long-established support for innovation and a well-developed reputation as a global finance hub, cross-borderpayments in Singapore have the makings of a global hub. These figures emphasize the high focus on cross-borderpayments in the domestic payment market.
Cross-borderpayments are now entrenched in the global economy, with 771 million people using them every year, according to payments giant Visa. As the remittance landscape evolves, so do consumers expectations of their payment providers.
Rohit Narang , managing director of APAC, Currencycloud said: “The IPA for a Major Payment Institution Licence is testament to the strength of the Currencycloud brand. The post Currencycloud Facilitates Seamless Cross-BorderPayments with Singapore MPI Licence appeared first on The Fintech Times.
Scarlett Sieber “We’re delighted that so many of the key regulators across the APAC region have chosen Money20/20 as the place to showcase how they’re fostering innovation and creating frameworks for growth in the region and across the world. The agenda also includes sessions on complex issues such as cross-borderpayments.
Nium, a major player in real-time cross-borderpayments, has announced an expansion of its partnership with Thredd , a global payments processor. APAC, in particular, is projected to reach a market size of US$480 billion due to rapid growth, according to a recent report by Thredd. trillion by 2027.
Yuno , the world’s leading payment orchestration platform, today announced the appointment of SheueChee Beh as its new Head of Partnerships for APAC. SheueChee is actively involved in community-based initiatives across the APAC region and is also a recipient of Money2020’s prestigious RiseUp leadership program.
Finally, the virtual payment is automatically reconciled against the invoice, eliminating the need to manually track receipts and invoices. This unlocks faster and more secure payments. This innovative collaboration empowers businesses to prioritise growth by fostering seamless connectivity across enterprises.
The fintech landscape in the Asia Pacific (APAC) region has been evolving at a remarkable pace, with start-ups and established companies redefining how financial services are delivered and consumed. Today, we will explore five top fintech trends in the APAC region for 2024, supported by statistics and insightful information.
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-borderpayments have presented a different set of challenges.
dLocal (NASDAQ: DLO), a leading cross-borderpayment platform for emerging markets, announces today an expanded relationship with PayPal to offer businesses access to payment processing and local payment methods in more than 40 new untapped emerging markets.
FinTech dLocal , which specializes in cross-borderpayments for emerging markets, has announced its expanded its payments network to include Indonesia, Ecuador and Bolivia. Payments infrastructure in LATAM, APAC, and MENA is fragmented and complex,” Sebastian Kanovich, CEO of dLocal, said in a press release.
For decades banks have been at the centre of the cross-borderpayments market and have gone largely unchallenged. In recent years, more and more players are emerging in this space, eyeing a piece of the US$ 156 trillion pie.
dLocal , the leading cross-borderpayment platform specializing in high-growth markets, today announced its strategic partnership with iTransfer , a prominent cross-borderpayments company with a significant presence in EMEA, Latin America, and APAC.
In turn, this will make the cross-borderpayments process not only more efficient but more cost-effective too. Specifically, those where infrastructure is not well-developed and ensuring compliance in payments can be challenging in a complex regulatory landscape.
Swift has today announced two AI-based experiments in collaboration with its member banks, to explore how the technology could assist in combatting cross-borderpayments fraud and save the industry billions in fraud-related costs.
By improving liquidity and accessibility, we are enabling faster, more transparent, efficient, and cost-effective on-chain cross-borderpayment flows. Jason Tay “The listing of XSGD on Bitstamp is a pivotal moment in our mission to bring StraitsX’s stablecoins to the global stage.
dLocal, the leading cross-borderpayment platform specializing in emerging markets, today announced a strategic partnership with MoneyGram, a leading global financial technology company that connects the world’s communities.
B2B payments are undergoing a vast digital transformation, with solutions providers stepping up to offer more speedy options as companies look to expand internationally. Corporations in the Asia-Pacific ( APAC ) region are particularly aware of these regulatory challenges. Navigating And Improving Cross-BorderPayments For SMBs.
Airwallex , the global payments and financial platform for growing businesses, is set to acquire CTIN Pay , a Vietnam-based Intermediary Payment Service (IPS). By addressing financial challenges in these markets, we empower local businesses to expand beyond borders.
Thredd , a leading global payments processor, announces the successful launch of LianLian Global’s virtual card program in the APAC market. LianLian Global is a leading cross-borderpayments company based in China. with their second U.S. client, Spendbase, due to go live in Q4 of this year.
Key topics addressed at Money20/20 Asia included AI, cross-borderpayments, open banking, digital assets, and Central Bank Digital Currencies (CBDCs). Morgan, which unveiled Project Carina , a blockchain-based initiative aimed at reducing cross-borderpayment times from 72 hours to just five minutes.
This partnership is set to facilitate international business opportunities for India’s micro, small, and medium-sized enterprises (MSMEs), offering access to a broad range of cross-borderpayment solutions in more than 35 currencies.
Unlocking Global Cross-BorderPayment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-borderpayments, providing a secure and efficient alternative to traditional financial systems.
Currencycloud , experts simplifying business in a multi-currency world, and Pyvio (Hong Kong), the fintech building ‘Glocal’ financial services infrastructure, have announced a partnership offering efficient and cost-effective cross-borderpayment solutions for Chinese e-commerce businesses operating in emerging markets.
Additionally, a collaboration with Mastercard Send now enables Nuvei to offer almost instant payout options to businesses in Singapore, facilitating rapid cross-borderpayments to billions of cardholders worldwide. The company that it will continue to invest in building its presence across APAC.
“At Ebury, we embrace the complexity and risk of daily cross-borderpayments that enable business growth, in a way that traditional banks do not, or cannot,” Ebury Managing Director for APAC, Rick Roache said. Romania’s national mobile payment system, RoPay, went live this week.
Together, Nium and Ebury will enable businesses to send or receive fast, reliable, and affordable cross-borderpayments to and from Brazil. Building on its global customer base and breadth of coverage across APAC, the U.S. Executive Director at Ebury Bank in Brazil.
The conversation delved into the transformation journey of Currencycloud into Visa Cross-Border Solutions , a foreign exchange and cross-borderpayments solution within Visa, and how it addresses the challenges of cross-borderpayments in today’s fintech landscape.
LianLian Global has tapped Thredd to help it launch a virtual card program in the APAC market. Digital payment solutions company Thredd announced a partnership with global payments company LianLian Global to help the Singapore-based company launch its virtual card program in the APAC market. having secured its second U.S.
This new alliance aims to revolutionise payment solutions for small and medium-sized enterprises (SMEs) engaged in international trade, providing them with secure, compliant, fast, and cost-effective cross-borderpayments and fund collection solutions.
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