The Fintech Times

JANUARY 12, 2025

Bank Alfalah , a commercial bank in Pakistan with a network of over 1,000 branches, has acquired a stake in Jingle Pay , a UAE-born fintech specialising in cross-border money transfers licensed by the Dubai Financial Services Authority (DFSA). per cent equity in the fintech firm.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Acquirers Multi-Currency 59

Fintech Review

NOVEMBER 20, 2024

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. Let’s dive in.

Cross-Border 115

Cross-Border Cross-Border Payments Multi-Currency FinTech 115

The Fintech Times

NOVEMBER 4, 2024

The Monetary Authority of Singapore (MAS) has unveiled four new plans to help advance tokenisation in financial services in the region. Phase two – foundational infrastructure MAS also plans to develop an ecosystem of market infrastructures to facilitate seamless cross-border transactions.

Authorization 83

Authorization CBDC Multi-Currency Settlement 83

Fintech News

OCTOBER 29, 2024

Crypto exchange Gemini has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Gemini to provide cross-border money transfer and digital payment token services in Singapore.

APACS 122

APACS Cross-Border Regulatory Compliance Payments 122

The Fintech Times

FEBRUARY 26, 2024

With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market. However, CBDCs will not be the silver bullet to developing and accelerating cross-border payments. “There are some fundamental risks inherent in using CBDCs.

Cross-Border Payments 145

Cross-Border Payments Cross-Border Digital Currency Central Bank 145

The Payments Association

JUNE 3, 2025

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.

Cross-Border Payments 125

Cross-Border Payments Cross-Border SWIFT Fed 125

NFCW

DECEMBER 19, 2023

Chinese visitors will soon be able to use digital yuan for “tourist spending” in Singapore as part of a pilot to test the use of China’s central bank digital currency (CBDC) for cross-border payments. China and Singapore to launch cross-border digital yuan pilot was written by Tom Phillips and published by NFCW.

Cross-Border 125

Cross-Border Cross-Border Payments CBDC Digital Currency 125

Fintech News

DECEMBER 6, 2023

Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This could lead to more secure, convenient, and cost-effective cross-border payments and remittances.

Cross-Border Payments 141

Cross-Border Payments Cross-Border CBDC Payments 141

Fintech News

AUGUST 7, 2024

Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong has reiterated the Monetary Authority of Singapore’s (MAS) ongoing efforts to combat cross-border payments scams. The post MAS Reiterates Robust Controls on Cross-Border Payments to Combat Scams appeared first on Fintech Singapore.

Cross-Border Payments 109

Cross-Border Payments Cross-Border Scams Transaction Limits 109

Fintech News

FEBRUARY 19, 2024

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.

Cross-Border 117

Cross-Border Cross-Border Payments Multi-Currency Payment APIs and Integration 117

Fintech News

SEPTEMBER 10, 2024

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. Public-private collaborations also play a critical role in developing and promoting cross-border payments.

Cross-Border Payments 109

Cross-Border Payments Cross-Border APACS Interoperability 109

Fintech News

DECEMBER 10, 2023

The central banks of Vietnam and Cambodia officially launched a cross-border QR payment linkage between the two neighbours on December 3, 2023, at a launching ceremony in Cambodia’s Siem Reap province. The event was attended by officials from both the SBV and NBC, along with representatives from local Cambodian authorities and media.

Cross-Border 120

Cross-Border Cross-Border Payments Central Bank Payments 120

Fintech News

JULY 3, 2024

The ambitious initiative is targeting to transform cross-border payments 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. How Does Project Nexus Work?

Cross-Border Payments 117

Cross-Border Payments Cross-Border Instant Payments Central Bank 117

Fintech News

OCTOBER 17, 2024

Project Aperta aims to address this by creating a prototype of a multilateral cross-border interoperability network, which will allow licensed third-party providers, including banks and fintechs, to exchange data securely across jurisdictions. These differing standards hinder cross-border data flow.

Cross-Border 117

Cross-Border Finance Security Interoperability 117

Fintech News

JUNE 11, 2024

Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, 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.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Payment APIs and Integration Payments 117

Fintech Finance

DECEMBER 9, 2024

We are committed to advance inclusive growth through AI-powered innovation and collaboration on cross-border travel, trade, commerce and inclusive finance. Among Ant International’s notable progresses in 2024 so far: Alipay+: Ant Internationals cross-border mobile payment and digitalisation technology solutions.

Embedded Finance 98

Embedded Finance Cross-Border AI Cross-Border Settlement 98

Fintech News

JANUARY 26, 2025

Emerging trends such as cross-border payment systems and open banking initiatives are breaking down traditional barriers, fostering greater connectivity and efficiency in Asias financial landscape. This was enabled via the Hong Kong Monetary Authority’s Interbank Account Data Sharing (IADS) initiative. billion by 2027.

Payments Trends 127

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 127

Fintech News

NOVEMBER 4, 2024

Razer Gold has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This approval positions Razer Gold to offer regulated payment services, including account issuance, domestic and cross-border money transfers, merchant acquisition, and e-money issuance.

Cross-Border 113

Cross-Border Payments Payments Institute On-Demand 113

Fintech News

NOVEMBER 18, 2024

These changes come after OKX secured a Major Payment Institution license from the Monetary Authority of Singapore in September. The license enables OKX to provide digital payment token and cross-border money transfer services within the country.

Cross-Border 117

Cross-Border Verification Payments Institute Participant 117

Fintech News

NOVEMBER 11, 2024

The Deutsche Bundesbank has become a member of Project Guardian , a global initiative led by the Monetary Authority of Singapore (MAS) that explores the use of asset tokenisation in financial markets.

Central Bank 128

Central Bank Distributed Ledger Technology (DLT) Interoperability Cross-Border 128

Fintech News

JANUARY 12, 2025

Reap, a Hong Kong-based payment technology provider, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The companys APIs enable businesses to embed financial services into their products, from issuing Visa cards to facilitating cross-border transactions.

Cross-Border 109

Cross-Border Payments Compliance Payments Institute 109

Fintech Finance

APRIL 8, 2025

PayFuture Group , a rapidly growing payment provider specialising in emerging markets, has secured an Electronic Money Institution ( EMI ) license by the Malta Financial Services Authority (MFSA) under the entity PayFuture FS MT Ltd. PayFuture ).

Cross-Border 89

Cross-Border Alternative Payment Methods Cross-Border Payments IBAN 89

Fintech Finance

JANUARY 8, 2025

dLocal , the leading payment platform connecting global merchants to emerging markets, has announced that it has been granted the Authorised Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom.

Payments Institute 123

Payments Institute Regulatory Compliance Alternative Payment Methods Compliance 123

The Payments Association

OCTOBER 24, 2024

Cross-border payments are transforming rapidly with evolving regulations and technological advancements. Addressing regulatory compliance Businesses, including EMD Agents, face a challenge in cross-border transactions: complying with anti-money laundering (AML) and know-your-customer (KYC) regulations.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Regulatory Compliance Fraud Detection 88

Fintech News

MAY 7, 2024

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s top cross-border payment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide.

Cross-Border Payments 113

Cross-Border Payments Cross-Border Payment APIs and Integration APACS 113

The Fintech Times

FEBRUARY 5, 2024

Within the research , Juniper Research found instant payments will revolutionise B2B payments by enabling cheaper and more secure cross-border trade. They will reach 42 per cent of all cross-border payments by 2028, at $16trillion; up from just 17 per cent in 2024, at $5trillion.

Cross-Border Payments 119

Cross-Border Payments Cross-Border ISO 20022 Research 119

Fintech News

MARCH 23, 2025

BC Payments, a Singapore-based subsidiary of Luxembourg-licensed bank Banking Circle , has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. Banking Circle is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.

Cross-Border Payments 75

Cross-Border Payments Cross-Border Multi-Currency Payments 75

The Fintech Times

APRIL 8, 2025

PayFuture Group , aUK-based payment provider specialising in emerging markets, has secured an Electronic Money Institution (EMI) licence from the Malta Financial Services Authority (MFSA). The post PayFuture Secures EMI Licence From MFSA and Sets Sights on Simplifying Cross-Border Transactions appeared first on The Fintech Times.

Cross-Border 45

Cross-Border Transactions Security Alternative Payment Methods 45

Fintech News

APRIL 2, 2025

A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-border payment system. The founding members are the Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore (MAS), and the Bank of Thailand.

Global Payments 105

Global Payments Cross-Border Payments Central Bank Cross-Border 105

Fintech Finance

MARCH 24, 2025

(BC Payments Singapore) has received the In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). We are encouraged by the trust placed in us by our potential clients, and we look forward to empowering them with fast and efficient cross-border payments solutions.”

Payments Institute 89

Payments Institute Cross-Border Payments Cross-Border Security 89

Fintech News

NOVEMBER 14, 2024

Organized by the Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA), the award highlights outstanding contributions to the financial technology industry. Thank you to the entire Singapore Fintech Association team and the Monetary Authority of Singapore for the fantastic event and work you do!

FinTech 113

FinTech AI Cross-Border Authorization 113

The Fintech Times

NOVEMBER 6, 2024

” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

Fintech News

FEBRUARY 11, 2025

The Monetary Authority of Singapore ( MAS ) and the Association of Banks in Singapore ( ABS ) have announced plans to establish a new entity to oversee Singapores national payment schemes.

Cross-Border Payments 92

Cross-Border Payments Cross-Border Payments Authorization 92

Fintech News

JANUARY 9, 2025

Distributing transaction validation responsibilities across network nodes reduced reliance on central authorities, enhancing resilience and operational efficiency. Corda leveraged a notary system for transaction validation, while Hyperledger Besu used a proof-of-authority consensus mechanism to ensure robust processing.

Distributed Ledger Technology (DLT) 127

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 127

Fintech News

MARCH 12, 2024

has been accorded in-principle approval for a Major Payment Institution License by the Monetary Authority of Singapore (MAS). This approval will permit OKX to engage in the provision of digital payment token (DPT) and cross-border money transfer services in Singapore, in compliance with the Payment Services Act 2019.

Cross-Border 117

Cross-Border Regulatory Compliance Best Practices Cryptocurrency 117

The Payments Association

JUNE 2, 2025

Founded in the UK in 2017, Paysend has evolved from a cross-border money transfer startup into a leading global fintech company with a clear mission: to simplify money transfer for all by building the worlds largest open, instant digital payments network.

Cross-Border 88

Cross-Border Payment Networks Cross-Border Payments Innovation 88