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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.
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.
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.
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. The implementation was planned for the progressive phasing in of new services, and the experience for the initial phase was smooth.
The ambitious initiative is targeting to transform cross-borderpayments in Southeast Asia (ASEAN) initially, before the broader Asia Pacific (APAC) region and, eventually, the world. Nexus is designed to standardise the way domestic payment systems connect with each other across borders.
Wise , an international payments service, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a cross-borderpayment aggregator, CNBC reported on Tuesday. It has established a full-stack office in Hyderabad, led by APAC Head of Engineering Smrithi Ravi.
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.
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. significant surge in import-export volume in 2023.
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.
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 a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-Border Solutions, powered by Currencycloud, shared insights into the acquisition of Currencycloud by Visa, shedding light on the evolution of their collaboration and the impact it has had on global money movement.
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.
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.
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.
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.
TerraPay , a global leader in digital cross-borderpayments, today announced that it has been granted a Class B license by Bank Negara Malaysia (BNM). Malaysia stands as one of the largest cross-border remittance and trade corridors in the Asia-Pacific region.
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.
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.
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.
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.
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.
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.
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.
B2B payments are undergoing a vast digital transformation, with solutions providers stepping up to offer more speedy options as companies look to expand internationally. Developments From Around The World Of Smarter Payments. Businesses are well aware of the boost that cross-border commerce can have on their bottom lines.
The programmability of value-added financial services will enable new business models and enhance the efficiency and transparency of 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
WorldFirst has also expanded one-business-day settlement capability to cover 90% of all World Account transactions, providing SMEs worldwide with speedy payments to increase turnover and save on costs. A recent analysis shows that it takes between five to ten days for payments to reach their destined account. In the U.K.
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.
“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.
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.
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