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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.
The e-wallets in APAC adoption are surging, transforming how millions manage their financial transactions. According to The State of Digital Retail Payments in Asia Pacific 2024 by Forrester , high-growth economies like Indonesia and Malaysia are leading the shift, with consumers increasingly favouring digital payments.
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.
Leading global digital payments company, Checkout.com , today announced its expansion into Japan supported by new direct acquiring capabilities. To lead this expansion, Checkout.com has appointed Noriko Sasaki as Country Manager for Japan.
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.
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.
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.
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.
In a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-BorderSolutions, 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.
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.
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.
Corpay, Inc.* , (NYSE: CPAY), a global leader in corporate payments, is pleased to announce the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. link] ; a full listing of the companies that are part of Corpay Cross-Border is available here: [link].
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.
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.
By partnering with Finmo, Tribe Payments will combine its issuer and acquirer processing platform with Finmos treasury and financial management system, which is licensed to move and manage money across 180 countries. Its a hugely exciting moment for both companies.”
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). Malaysia stands as one of the largest cross-border remittance and trade corridors in the Asia-Pacific region.
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.
In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation in the Asia Pacific (APAC). Digital transformation in APAC This digital acceleration suggests a future where AI and automation streamline operations and unlock new avenues for innovation and growth.
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.
XTransfer , China’s top B2B cross-border trade payment platform, and EBANX , the leading payment platform connecting global companies with customers in Latin America, Africa, and Asia, announced a strategic partnership aimed at streamlining B2B trade payments in Latin America.
Canadian payments firm Nuvei Corporation has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. Nuvei’s payments platform enables businesses to streamline operating expenses for businesses, enhance payment conversion rates, reduce risks, and improve overall customer payment experiences.
Mumbai-based fintech company BriskPe has tied up with Currencycloud , a provider of B2B embedded cross-bordersolutions, to expand its customers’ payment options. The collaboration is aimed at providing Indian businesses with competitive foreign exchange rates and more efficient payment processes.
The agreement allows FOMO Pay to streamline USD payments by leveraging BNY’s direct clearing capabilities, global reach, and expertise to improve the speed and efficiency of cross-border transactions. The collaboration integrates BNY’s payment infrastructure with FOMO Pay’s offerings.
1 B2B Cross-Border Trade Payment Platform, is excited to announce a strategic partnership with TerraPay , a leading global money movement company. This partnership will be instrumental in boosting cross-border trade while significantly broadening the spectrum of payment methods available to SMEs.
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.
Leading payment technology firm, Tribe Payments , has announced a strategic partnership with global Treasury Operating System (TOS), Finmo , to deliver integrated, end-to-end payment and treasury services to banking and fintech clients across key growth markets – notably Asia -Pacific (APAC) and Europe.
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.
This new license enables Nuvei to operate three types of payments services in Singapore, including domestic money transfer, cross-border money transfer, and merchant acquisition services. Through this strategic partnership with Mastercard, Nuvei can now enable businesses to process rapid cross-border payouts to over 1.5
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.
Over 500,000 bank POS terminals will support cross-border mobile payments via Alipay+, including Unifree Duty Free at Istanbul Airport. XTransfer , the Chinese B2B cross-border trade payment platform, and OCBC, a financial services group in Southeast Asia, have also formed a partnership.
China’s B2B cross-border trade payment platform, XTransfer , is strategically partnering with EBANX , the payment platform connecting global companies with customers in Latin America, Africa, and Asia, to streamline B2B trade payments in Latin America (LatAm).
Singapore-based fintech firm Lightnet has entered a global partnership with B2B global payments infrastructure-as-a-service provider TransferMate with the aim to enhance cross-border remittance and paymentsolutions. We aim to enhance our customer experience and remove transaction barriers.
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.
This partnership is a testament to how forward-thinking banks like CIMB can lead in a digital-first economy in Malaysia and across ASEAN,” said Leslie Choo, Senior Vice President, Managing Director – APAC, ACI Worldwide.
“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.
In the dynamic landscape of the Asian payments industry, a palpable shift is underway – one characterised by the rapid adoption of digital paymentsolutions. As we navigate the complexities of 2024, it becomes increasingly evident that traditional payment methods are gradually giving way to more digital alternatives.
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. billion in fees in 2022 alone.
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