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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.
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. OPAL, a neobank startup, has been steadily growing in the financial hub of Singapore since its inception in 2019.
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.
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.
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.
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 license reinforces TerraPays commitment to building a seamless and compliant payments ecosystem across APAC.
To address this, stakeholders including NETS Group and Liquid Group are working on interoperable QR paymentsolutions that are designed to simplify processes for merchants, Chia said. On the international front, cross-borderpayments have presented a different set of challenges.
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.
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.
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.
SBPS will benefit from access to Nomupay’s single API and gateway-agnostic, single, back office platform, offering a range of payment options and scalability. “Nomupay offers a wide range of services in the payment field in Asia, and can meet flexible and diverse needs. Indian fintech Spense secured $1.85
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.
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-borderpaymentsolutions in more than 35 currencies.
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.
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.
1 B2B Cross-Border Trade Payment Platform, is excited to announce a strategic partnership with TerraPay , a leading global money movement company. This partnership underscores our commitment to providing innovative and reliable financial solutions that drive efficiency and inclusivity.
a paymentsolution provider in Thailand, has announced a new partnership with Wise Platform, which provides infrastructure for banks and financial services. The post Thailand’s T2P Taps Wise Platform to Offer Global Money Transfers for DeepPocket Users appeared first on Fintech Singapore.
LianLian Global has tapped Thredd to help it launch a virtual card program in the APAC market. Digital paymentsolutions 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.
The conversation delved into the transformation journey of Currencycloud into Visa Cross-BorderSolutions , a foreign exchange and cross-borderpaymentssolution within Visa, and how it addresses the challenges of cross-borderpayments in today’s fintech landscape.
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.
“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.
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-borderpaymentsolutions for Chinese e-commerce businesses operating in emerging markets.
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
Thunes hires former Worldpay exec as new CFO Singapore cross-borderpayments company Thunes has hired Sigrid Hulsebosch as its new CFO. Wise’s office space in Paya Lebar Quarter has been expanded to 23,000 square feet, making it its Asia Pacific (APAC) hub, where 450 employees work—more than double the number in 2022.
Kasikornbank, JP Morgan team up to improve cross-borderpayments Thailand’s Kasikornbank, in partnership with JP Morgan, introduced Project Carina, a new initiative aimed at accelerating cross-borderpayments, increasing transparency and cutting costs by leveraging blockchain technology.
Currencycloud has teamed up with BriskPe , the Mumbai-based cross-borderpayments fintech, to expand BriskPe’s customers’ payment options. “What’s more, Currencycloud’s enhanced scalability allows us to deliver value to our clients without compromising on service quality.”
With a strong presence in eight Asia Pacific markets, including Australia, New Zealand, Hong Kong, India, Indonesia, Japan, Singapore, and Malaysia, Wise is becoming known across the global cross-borderpayment landscape by offering transparent, fast, and cost-effective solutions.
Checkout.com , a leading global digital payments provider, today announced its partnership with HEYTEA, the originator and creator of new-style tea drinks and one of Asias fastest-growing beverage brands. The partnership has improved HEYTEAs customer experience and supported its global expansion by offering localized paymentssolutions.
Nium , the global leader in real-time cross-borderpayments, today announced it will sign a partnership Memorandum of Understanding (MOU) with Artajasa , one of Indonesia’s leading payment infrastructure companies.
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.
Nium, the global leader in real-time cross-borderpayments, announced today that HappyEasyGo , a leading online travel agency, has selected it for virtual card payments. Virtual cards, issued by Nium, will be the digital standard for payments to HappyEasyGo’s travel suppliers.
The discussion will cover key aspects such as the impact on cross-borderpayments, liquidity funding needs, and the broader implications for financial inclusion and the global movement of money. Morgan Payments, will discuss the impact of Banking-as-a-Service on the finance industry.
TerraPay , a global money movement company, has been granted a Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS) —a significant milestone solidifying TerraPay’s position as a cross-borderpayments powerhouse.
The movement to bring blockchain to cross-borderpayments proceeds apace. The retail paymentssolution is based on the Universal Payments Framework, and boosts the number of self-service options for Capitec as it expands its corporate banking efforts. “We
A champion of payment choice, Boku supports a global network of localized paymentsolutions, including Direct Carrier Billing (DCB), digital wallets, and account-to-account connections. Local Payment Methods (LPMs) have proliferated around the world over the past decade. Founded in 2008, Boku is headquartered in London.
Ebury , the fintech specialising in transactions for SMEs, has expanded its partnership with Nium , the real-time global payments company, to deliver a new global remittance service in Brazil. Currently, Nium’s payment network supports payouts in over 100 currencies to more than 190 countries, 100 of them in real-time.
The discussion will cover key aspects such as the impact on cross-borderpayments, liquidity funding needs, and the broader implications for financial inclusion and the global movement of money. Morgan Payments, will discuss the impact of Banking-as-a-Service on the finance industry.
The Payments division of StoneX ( StoneX Payments ) will supply NatWest with third-party delivery and international FX payment systems, allowing the bank’s corporate clients to transfer money to more nations with ease.
Nium , the leader in real-time cross-borderpayments, announced today that it is the first non-Japanese company to have secured a Type 1 Funds Transfer Service Provider (FTSP) license from the Japanese Financial Services Agency (JFSA). “We are very excited about Nium’s attainment of the Japan Type 1 license.
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