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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. These have since gone live and new features like payment, and foreign currency exchange are currently in the works.
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.
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.
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.
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.
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.
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.
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.
TerraPay , a global leader in digital cross-borderpayments, today announced that it has been granted a Class B license by Bank Negara Malaysia (BNM). This will enable partners to scale their cross-border offerings with confidence, while ensuring compliance with Malaysias regulatory standards.
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.
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.
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.
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-BorderPayment Processing.
It empowers a lot of the global businesses to grow beyond borders. 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. Making payments, it’s very expensive and inefficient.
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.
Nium , the global leader in real-time cross-borderpayments, today announced the expansion of its partnership with Thredd , a leading global payments processor, to issue virtual cards in the Asia Pacific (APAC) region. The expansion comes as global B2B travel transaction volumes are projected to reach $1.7
Currencycloud has teamed up with BriskPe , the Mumbai-based cross-borderpayments 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.
Currencycloud, the experts in simplifying business in a multi-currency world, has partnered with BriskPe , the Mumbai-based cross-borderpayments Fintech, to expand BriskPe’s customers’ payment options.
Fintech-as-a-service provider Soft Space and JCB International Co, the international operations subsidiary of JCB Co Ltd, have jointly introduced Malaysia’s inaugural JCB payment gateway. Mansor Abd Rahman, CEO of senangPay, described the integration as a “significant milestone” for its merchants.
Unlimit , the global fintech company, announced today a global partnership with VTEX (NYSE: VTEX), the composable and complete commerce platform for premier brands and retailers to further succeed with integrated global and agile payment service solutions. Merchants in the UK, U.S.
These companies include NFTgo, a NFT data aggregator; Call Levels, a real-time financial monitoring and notifications app; Coinpip, a cryptocurrency payment provider; InvestaX, a tokenization software-as-a-service (SaaS) platform; and Wallex, a payment and cash management solution for businesses.
JCB), announced the launch of the first ever JCB payment gateway in Malaysia. Leveraging JCB’s robust global network and Soft Space’s technical expertise, the JCB payment gateway aligns with the global shift towards diversified digital transactions, meeting the market’s demand for secure, innovative payment options.
The partnership is focused on enhancing cross-borderpayment services for e-commerce merchants in APAC. Shoplazza merchants will be able to leverage Unlimit’s portfolio of payment methods and payment infrastructure to expand their customer bases worldwide and improve customer retention.
Another session that caught our eye on the Vision stage included ‘Connecting for Change: MUFG’s Strategy for Fintech Integration’, a presentation and discussion with Masakazu Osawa , managing executive officer and chief executive, APAC at MUFG Bank, which outlined how MUFG identifies and collaborates with promising startups.
Appointments myPOS, a provider of payments, accounts and card solutions for small merchants and sole traders, has appointed Mario Shiliashki as CEO. Nium, the real-time cross-borderpayments company, has expanded its partnership with Thredd , the payments processor, to issue virtual cards in the APAC region.
based payments platform PaySend is mostly focused on the consumer payments market, the company does service business customers by enabling users to move funds from one card to another across more than 60 countries. At present, Flinks provides an API to connect banks and FinTech companies, and facilitate data sharing.
“With these integrated systems already gaining traction in the U.S., The bank will use Salt Edge’s Payment Initiation solution to enable its customers to make instant loan repayments instead of relying on traditional online banking methods. we’re excited to extend these proven strategies to Canada.”
The Asia-Pacific (APAC) region boasts one of the fastest-growing fintech industries globally, home to several leading players and the highest levels of fintech adoption worldwide. In 2024, financial regulators ramped up efforts to introduce supportive frameworks aimed at fostering fintech innovation and adoption.
In this week’s Finovate Global interview, I talk with Lewis Ide , Vice President for 10x Banking , about the opportunities in high-growth markets in APAC and Africa. He has a 13-year career in financial services technology with leadership roles in payments, financial infrastructure, and AML platforms.
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