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FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual Cross-Border Payments 100 list, highlighting the 100 most influential players in global payments. Released on May 08, the 2025 Cross-Border Payments 100 recognizes industry leaders across the sector.
Cashmallow has partnered with Rizal Commercial Banking Corporation (RCBC) , one of the Philippines’ leading banks, to enhance cross-border remittances and enable cardless ATM withdrawals for foreign travelers in the Philippines. You may also check out RCBCs ATM network to find out its different locations.
Nium , the leading global infrastructure for real-time cross-border payments, today announced the launch of the Diners Club International Card for its travel customers. million ATMs, as well as access to over 1,500 airport lounges and experiences worldwide.
This burgeoning sector, characterised by its complexity and diversity, demands payment solutions that are efficient and adaptable to the nuanced dynamics of cross-border trade. Amidst the APAC region’s rapid economic ascent and the explosion of digital commerce, cross-border payment practices have noticed an evolution.
Cross-pollination in financial services — leveraging payments across digital and physical channels — is an emerging trend, especially when it comes to cross-border transactions, and especially with remittances. MoneyGram has, over the past several months, picked up significant investment from other companies.
Nium , the global infrastructure provider for real-time cross-border payments, has launched a new card for travel customers in partnership with banking and payment services company, Diners Club International. million ATMs, as well as access to over 1,500 airport lounges and experiences worldwide.
Amid cross-border payments efforts, Ripple has gained some traction in recent days. We helped them send money home through 30,000 ATM machines. The bank is using xCurrent to help with real-time remittance payments between Japan and Thailand, with withdrawal at ATMs, avoiding cash retrieval with agents. People use cash.
Cross-Border Appeal : Cryptocurrency payments are especially advantageous for cross-border transactions, with lower fees than traditional international bank transfers. While still niche, these options could play a larger role in cross-border payments, with stablecoins providing a more stable digital currency alternative.
UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) will enhance their collaboration on cross-border QR code payment interoperability. The collaboration follows an earlier MOU, signed in August 2024, between the central banks of China and Vietnam to promote cross-border payment systems.
. “Over the past few years, we have evolved our foreign exchange solutions for tourists, offering currency exchange reservations directly through the app and withdrawal at our branches or 24-hour ATMs. People need to send money abroad, whether to make a payment or to send money to a child who is on an exchange program, for example. .
Payoneer has quietly built one of the most robust and widely used financial platforms for cross-border payments. Payoneer also monetises through prepaid Mastercard usage fees, ATM withdrawal charges, and currency conversion when users spend globally. These services are charged through custom contracts and volume-based pricing.
Jaywan will introduce debit and prepaid co-badged cards for everyday transactions, salary disbursements, and secure cross-border payments. Jaywan co-badge cards will provide international acceptance, and cardholders can use their cards abroad, ensuring that travel and cross-border payments remain seamless.
Wise, which promotes itself as a provider of affordable and fast cross-border payments with no hidden costs, was found to have misled US customers by suggesting they would incur lower ATM fees while also failing to properly disclose exchange rate details.
News came this week that as many as half of the ATMs that dot the country’s landscape may be shuttered by March of 2019. The estimate is courtesy of the Confederation of ATM Industry (CATMi), which focuses on the domestic ATM industry. million ATMs across India, per data from the Reserve Bank of India (RBI).
Cashmallow has partnered with Rizal Commercial Banking Corporation (RCBC), one of the Philippines leading banks, to enhance cross-border remittances and enable cardless ATM withdrawals for foreign travelers in the Philippines.
The collaboration aims to facilitate easier payments and ATM withdrawals for British and European tourists in Thailand. The partnership focuses on the implementation of QR code payment and ATM withdrawal services, leveraging Thailand’s PromptPay system.
CBDC for cross-border payments, programmable money, and DeFi Kazakhstan’s Digital Tenge project is pursuing several ambitious goals: intensifying cross-border trade, implementing innovative social and anti-corruption initiatives, and integrating digital assets issued by decentralised finance (DeFi) participants and those issued by the government.
Ria Money Transfer , a cross-border money transfer company, has been officially approved by the Department of Labour Peninsular Malaysia to disburse digital wage payments via the Ria Wallet. The Ria Wallet enables users to deposit funds, withdraw cash from ATMs, pay bills, and also facilitates domestic and international transfers.
To allow ATM operators and acquirers to use Dynamic Currency Conversion (DCC) around the world, Visa is growing its Visa/Plus ATM services and updating its rules. The changes will become effective in mid-April of next year, Vending Times reported.
Several credit unions, for example, recently formed partnerships designed to share resources, such as ATMs and physical branches. Both credit unions and banks recently gained access to a new set of tools designed to market access to multi-brand ATMs (MBAs). ATM solutions provider FCTI Inc.
The expanded limits are expected to provide more convenience and cost savings for Wise customers, particularly those involved in cross-border transactions for purposes such as overseas education, travel, and significant purchases like mortgages. In addition to these updates, Wise is also enhancing its security measures.
UnionPay International announced earlier in January that it rolled out the UPI Developer, which is a platform to create applications for cross-border payments. According to a report in Mobile Payments Today , the new platform is open and enables developers to create apps for cross-border mobile payments as well as other technologies.
Today: Apple Pay gets a boost from USAT's marketing; R3 looses banks; cross-border mobile money advances in Africa; Cardtronics wins a big cruise ATM contract. The information you need to start your day, including top headlines from PaymentsSource and around the Web.
Union Bank of India has made significant efforts to enhance accessibility and inclusivity for its disabled customers, including talking ATMs, debit cards with tactile markings, as well as multilingual screen readers. Progress in this area will streamline international transactions and reduce costs for consumers.
In fact, in 2016, only one-third of the population had access to a bank branch and less than half of the entire population had access to an ATM outside of Male. As the country has significant numbers of foreign tourists, coupled with Maldivians who work and study overseas, PayPal could prove helpful for cross-border transfers and payments.
Card skimming: Devices capture card information at ATMs or point-of-sale terminals, such as at gas pumps. Reduced Transaction Costs and Fees (including cross-border) Stablecoin transactions are significantly faster than traditional methods, often confirmed in seconds or minutes. Stablecoins vs. Fiat for E-commerce.
But then the question becomes whether bitcoin can cross the Rubicon to full-fledged currency. Crypto can also be converted to cash at the ATM. We’ve perhaps been moving beyond the speculation that marked the “Wild West” atmosphere of crypto trading just a few years ago, headed toward the use of bitcoin as a tool for investment returns.
Moniepoint , a Nigeria-based fintech offering an all-in-one banking, credit, and cross-border payment solution for African businesses and their customers, is on a mission to help businesses and individuals digitise their operations. As well as our business solutions, we now offer services to individual consumers.
In the 1980s and 1990s, ATMs, electronic trading platforms, and credit scoring systems began to take hold. It includes mobile wallets, QR code payments, real-time bank transfers, and cross-border remittances. Data privacy and cross-border standards are increasingly important. Consumer trust in banks plummeted.
COVID-19-related fraud took the form of impersonations of the Red Cross to solicit personal information or cryptocurrency payments, which claim to support victims but actually spy on users. CipherTrace researchers found that 74 percent of the bitcoin moved in exchange-to-exchange transactions was cross-border. On average, U.S.
Card skimming: Devices capture card information at ATMs or point-of-sale terminals, such as at gas pumps. Reduced Transaction Costs and Fees (including cross-border) Stablecoin transactions are significantly faster than traditional methods, often confirmed in seconds or minutes. Stablecoins vs. Fiat for E-commerce.
According to the Payment System Report, published by the People’s Bank of China, there has been a 25% reduction in ATMs over the past six years, highlighting the accelerating shift toward a cashless economy. Forbes further reports that mobile payments now account for over 85% of all transactions in China. .”
including merchant acquiring, merchant transaction processing, issuer processing and ATM network solutions business units. Stoddart succeeds David Yates, who is transitioning into a senior advisory role focused on real-time payments and national and cross-border payments strategies.
At the beginning of June 2025, the UK-based company announced its plans to launch its ATMs in Spain in the upcoming period, initially in Barcelona and Madrid, with Portugal to follow in 2026. The first Revolut ATMs were expected to be tested and available between 4 June and 8 June 2025 at the Primavera Sound festival in Barcelona.
Hong Kong has announced its first API exchange, which features more than 200 APIs on offer from 13 banks, geared toward cross-border payments. Among other activities, the platform helps buyers and sellers across countries work with cross-border payments. Among JETCO’s strategic investors is China UnionPay.
Thunes , the cross-border payment infrastructure provider, has launched a new QR Code Payments solution, enabling users of foreign mobile wallets and financial apps to make payments by scanning local merchant’s QR codes.
For example, a travel card programme could allow hotel and restaurant charges but block ATM withdrawals abroad. Innovation around cross-border issuing, instant settlement, loyalty APIs, embedded lending, and multi-currency wallets could drive the next growth phase.
10 seconds (or less) : That’s how long it will take for Standard Chartered to complete real-time cross-border payment for businesses with another major correspondent bank. But there were a lot of other big numbers flying out there this week, too. Luckily, the PYMNTS 11 is here to break it all down.
Cashmallow has teamed up with RCBC to improve cross-border remittances and facilitate cardless ATM withdrawals for foreign travellers in the Philippines.
83 percent of businesses made a cross-border payment in 2019 , new research from Tipalti conducted by Levvel Research found. Yet, analysts warn, as cross-border B2B payment volumes rise, so does the risk of fraud. 60 percent more ransomware attacks were recorded this year , new data from Kaspersky Labs found.
In Asia UnionPay’s card are accepted by more than 41 million merchants and 2 million ATMs throughout 170 countries, noted the Financial Times. The tie-up was fueled by regulatory requirements as well as market demand, and provides opportunities for cross-border payments, Cointelegraph reported.
Chinese consumers spend over $100 billion annually on cross-border eCommerce purchases, according to data from Frost and Sullivan. That $100 billion is itself but a small portion of China’s total cross-border transaction volume, which as of 2016, stood at $6.7 Creating New CrossBorder eCommerce Opportunities .
To nib the money laundering bud, and to better have a more accurate visibility on suspicious transactions, it is my belief that SAR checks (albeit performed) would most likely also be cross-referenced across the border. Take money from your PayPal and credit it to your ATM card.
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