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

The Fintech Times

JULY 10, 2025

With competitive FX rates, multi-currency wallets, and a strong focus on compliance, Airwallex gives us the confidence to bring this product to market at scale. Regulated across multiple jurisdictions, including by the UK’s Financial Conduct Authority , it enables payouts in over 150 countries and more than 46 currencies.

Multi-Currency

Fintech Finance

MAY 20, 2025

As the Financial Conduct Authority (FCA) prepares to take over full responsibility for regulating UK payments, new research from Equals Money reveals that combating fraud and tackling widespread delays are top priorities for higher-risk players in the industry. ” says Campbell. ” says Campbell. ” says Campbell.

Risk

Fintech Finance

MARCH 6, 2025

Platforms can embed Airwallex APIs to offer seamless, multi-currency tools, including payment acceptance, global payouts, branded creator cards and an advanced tax solution to embed data collection and filing for tax reporting.

Embedded Finance

Fintech Finance

JULY 8, 2025

With competitive FX rates, multi-currency wallets, and a strong focus on compliance, Airwallex gives us the confidence to bring this product to market at scale. Businesses can also receive payments using local bank details in 12 countries and over 20 currencies.

Multi-Currency

Clearly Payments

NOVEMBER 6, 2024

This market includes a range of services and technologies that facilitate the acceptance, authorization, and settlement of payments across various channels, including online, in-store, and mobile. They also set interchange fees that cover transaction costs and risks.

Process

Stax

APRIL 3, 2025

It works in tandem with the customers bank or credit card provider to verify and authorize the transaction. It forwards the customers payment details to the issuing bank, gets transaction authorization, and collects the funds on behalf of the eCommerce business. If you accept international payments, select supported currencies.

Payment Solutions

Fintech Finance

DECEMBER 9, 2024

Antoms card processing volume grew over 10 times from that of previous year, while delivering top notch authorization rates to its global enterprise merchants. Antom continues to strengthen its payment processing capabilities across all payment channels.

Embedded Finance

The Payments Association

JANUARY 13, 2025

The Financial Conduct Authority (FCA) recently outlined significant changes to the safeguarding regime for payments and e-money firms in its consultation paper CP24/20. Firms operating in multiple currencies or across differing time zones may face trouble in ensuring funds are instantly deposited into safeguarding accounts.

Compliance

The Fintech Times

JULY 4, 2025

Project Guardian, run by the Monetary Authority of Singapore , is a global collaboration between policymakers and key industry players to enhance liquidity and efficiency of financial markets through asset tokenisation.

Interoperability

Stax

NOVEMBER 14, 2024

In this context, they accept the funds from the sale once a card is authorized and deposit them into the business’ bank account. The terminal then contacts the credit card processing company for authorization. Step 3: The card is authorized. Typically, card transactions are authorized in less than a minute.

Credit Cards

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

Stax

MARCH 11, 2025

The customer will input the required payment information on the page and then click Pay to authorize the transaction. Payment authorization The issuing bank will do a quick check to ensure everything is in orderwhich is usually an automated process. However, credit and debit cards are more convenient.

Online Payment Processing

Finextra

JUNE 14, 2025

From Card Network to Multi-Rail Payments Mastercard’s core business model has long been that of a network orchestrator – connecting banks, merchants, and consumers to enable electronic payments. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Visa

Payments Dive

JUNE 30, 2025

Editors picks Spencer Platt/Getty Images via Getty Images Zelle, big banks challenge senators on scam reimbursements Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing. Please select at least one newsletter.

Card Services

Clearly Payments

FEBRUARY 10, 2025

The Issuing Bank The customers bank, called the issuing bank , which authorizes or declines transactions. To manage these challenges, businesses can work with global payment processors that offer localized payment methods, multi-currency accounts, and advanced fraud prevention tools.

Small Business

Finextra

JULY 27, 2025

Large corporates built bespoke treasury systems to manage multi-bank transfers, FX conversion and reconciliation. Programmability & Conditionality: Early pilots embed smart contract triggers, e.g., escrow release only after invoice approval, integrating payment logic directly into the currency token.

CBDC

Finextra

JULY 22, 2025

How payments are settled—that is, the currency in which funds are ultimately received—has profound implications for liquidity management, risk exposure, and treasury operations. Your organization likely has settlement bank accounts in a few major currencies and automatically converts everything to them.

Settlement

The Fintech Times

NOVEMBER 6, 2024

As part of its continued expansion, Nium’s partnership with Partior enhances its ability to facilitate frictionless global transactions and unlock new services such as intra-day FX swaps, cross-currency repos, programmable enterprise liquidity management, and multi-bank payments for financial institutions.

Product

The Fintech Times

JANUARY 17, 2025

.” As small and medium-sized businesses increasingly turn to non-banking cost-efficient payment solutions, Guavapay aims to provide solutions that meet the evolving needs of global businesses with real-time, affordable fund transfer, multi-currency accounts and advanced payment APIs.

Innovation

Stax

JANUARY 28, 2025

Click to Pay is based upon global EMV Secure Remote Commerce (SRC) standards, which include security measures like tokenization , multi-factor authentication , and 3D Secure protocols. Multi-factor authentication Click to Pay is designed with 2FA (Two-factor authentication) from the ground up. It is also built to be super secure.

Payment APIs and Integration

Finovate

JANUARY 10, 2025

The expansion into Canada comes a month after Transcard earned authorization from the U.K. Financial Conduct Authority (FCA) to serve as a payment institution in theU.K. Transcard supports international payments across multiple currencies and languages, including Canadian French.

Multi-Currency

My Payment Savvy

JUNE 16, 2025

Authorization Response is Sent Back The bank’s approval or denial flows back through the card network and processor to the gateway. A successful authorization reserves the funds but does not transfer them yet. Businesses selling internationally need gateways supporting multiple currencies. This decision is returned instantly.

Payment Gateways

Finextra

JULY 8, 2025

Home Announcements Payments Dext and Airwallex introduce cross-border payment routing and accounting for SMEs External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

Cross-Border Payments

PayPal

JULY 17, 2025

Individuals or entities with direct redemption access via PayPal, Paxos or authorized partners are guaranteed to convert PYUSD 1:1 for US dollars. Paxos is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. San Jose, Calif., dollar per token. dollar deposits, U.S.

PayPal

Finextra

JUNE 28, 2025

Today, many fintechs and even banks are racing to offer cheaper, easier cross-border payments – yet traditional banks remain Wise’s primary competitors, still handling the majority of cross-currency transactions. External This content is provided by an external author without editing by Finextra.

Cross-Border

Fintech Finance

JULY 3, 2025

This expansion is core to Worldpay’s strategy for enabling global merchants to serve local consumers with preferred payment types, accelerating commerce through improved authorization rates, robust fraud protection, and efficient settlements.

Alternative Payment Methods

Stax

JULY 21, 2025

Mastercard also takes a fee during different steps of the payment process, such as when the issuer authorizes a transaction or when funds settle in an account. Visa’s Flexible Credential , piloted in Japan, lets users switch between funding sources and is being explored for business applications and multi-currency payments.

Visa

Finextra

JUNE 30, 2025

In a world increasingly run by AI’s, programmable stablecoins are the natural currency and could become the financial fuel behind an AI-driven economy. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Stablecoins

The Payments Association

JANUARY 13, 2025

The introduction of the Digital Assets Bill and the Financial Conduct Authority (FCA)s ongoing efforts to regulate cryptoassets demonstrates the regulator’s intentions to further define just how digital assets are governed and traded.

Legal

Finextra

JUNE 26, 2025

Stablecoins can eliminate foreign exchange and multi-currency conversion fees, either by allowing merchants to receive funds in their local currency without extra charges or by enabling them to hold USDC directly. External This content is provided by an external author without editing by Finextra.

Stablecoins

The Payments Association

JULY 18, 2025

Globally, preparations for central bank digital currencies and evolving open finance frameworks signal longer-term structural change. cloud services, data analytics platforms, and digital infrastructure providers), placing them under the supervision of European financial authorities for the first time.

Regulations

EBizCharge

APRIL 22, 2025

Role-based access controls should be established within Salesforce to ensure only authorized users can view or manage payment data, reducing the risk of internal breaches. Its also important to regularly audit user permissions and activity logs to detect any unauthorized access or unusual behavior.

Payment APIs and Integration

Payments Dive

JULY 16, 2025

Editors picks Spencer Platt/Getty Images via Getty Images Zelle, big banks challenge senators on scam reimbursements Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing. Please select at least one newsletter.

Zelle

Fintech News

JULY 28, 2025

Airwallex has launched its investment product, Airwallex Yield , in Singapore following approval from the Monetary Authority of Singapore (MAS) for a Capital Markets Services (CMS) license. Airwallex Yield allows businesses in Singapore to earn competitive returns on surplus multi-currency funds by investing in money market funds.

Product

Fintech Review

MAY 14, 2025

The concept originated with the UKs Financial Conduct Authority (FCA) in 2016 and has since spread globally. PolicyPal in Singapore tested an AI-powered insurance platform under the Monetary Authority of Singapore (MAS) sandbox. These examples show how sandboxes help turn promising ideas into fully licensed, regulated businesses.

Innovation

Payments Dive

JULY 7, 2025

9, 2024 Spencer Platt/Getty Images via Getty Images Zelle, big banks challenge senators on scam reimbursements Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing. By Caitlin Mullen • Aug. By Patrick Cooley • July 25, 2024 Keep up with the story.

Tax Refunds