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FXC Intelligence, a data platform specializing in the cross-borderpayment and e-commerce sectors, has released its annual selection of the world’s most promising cross-borderpayments companies in 2024. One of Singapore’s entries is Partior. Another company from Singapore featured on the list is Tazapay.
Global payments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-borderpayment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets.
Cross-borderpayments are fraught with difficulties from long paper trails to complicated contracts/ Blockchain has emerged as a possible contender to streamline the process, however, but is it ready to tackle cross-borderpayments?
This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain technology. With this step, Xoom and its partners, like Cebuana Lhuillier and Yellow Card, will be able to leverage PayPal’s payment technologies and the blockchain to further enable seamless money transfers across borders.”
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.
Mesta , a fintech platform reshaping global payment networks with hybrid fiat and stablecoin payment rails, unveiled its cross-borderpayment platform. It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in global payments and trade.
Bitso Business the B2B arm of Bitso that provides the infrastructure for the future of cross-borderpayments releases its 2024 results. The global cross-borderpayments market, currently valued at $44 trillion, is projected to reach $65 trillion by 2030. trillion by 2030.
XWeave , a startup developing infrastructure for stablecoin-based cross-borderpayments, has raised US$3 million in seed funding. Since launching operations in December 2024, XWeave has enabled real-time payments between Singapore and the Philippines. said Milind Sanghavi, Founder and CEO of XWeave.
As the global demand for faster, more affordable, and increasingly transparent cross-borderpayments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. What is Project Nexus, and how does it address today’s cross-borderpayment challenges?
Market Size Value of cross-borderpayments is estimated to reach a minimum $ 250 trillion by 2027. Global non-cash commercial payments will grow at a CAGR of 11.3% 60% of corporate banks agree that cross-border real-time payments infrastructure brings a revenue opportunity.
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-borderpayment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-borderpayments.
StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has partnered with Ant International and superapp Grab to launch a new blockchain-based cross-borderpayment system. billion consumers through more than 30 payment partners globally, enabling seamless cross-borderpayment experiences.
The bank will collaborate with Ant International’s Embedded Finance unit on a series of global treasury management and cross-borderpayment innovations, including tokenised deposits, stablecoin, and its Time-Series Transformer (TST) FX Model.
Instead, the company is focusing on its wallet business and blockchain platform Base to drive blockchain adoption by enabling local developers to create solutions for baht and peso stablecoins. The company currently has no plans to directly enter Southeast Asian jurisdictions.
Centiglobe , a leading fintech company specializing in cross-borderpayment infrastructure solutions, today announces a new collaboration with Mastercard Move – Mastercard’s portfolio of global money movement solutions. Unlike traditional cross-borderpayment models, Centiglobe does not charge per transaction.
Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. The partnership allows financial institutions to connect with Nium for faster, more transparent cross-borderpayments.
The collaboration will prioritise enabling real-time payments between Singapore and Malaysia, 24/7, via Ant International’s Whale platform. This platform utilises blockchain technology, advanced encryption, and AI to enhance the speed, efficiency, and transparency of cross-border transactions.
Emirates NBD has entered a strategic agreement with Singapore-based blockchain platform Partior to improve its cross-borderpayment capabilities. The partnership will allow Emirates NBD to offer clients faster, around-the-clock payment processing through Partior’s blockchain-based platform for clearing and settlement.
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. UBS plans to further expand and develop its UBS Digital Cash offering.
Siam Commercial Bank ( SCB ), alongside its venture arm SCB 10X and Lightnet , has launched Thailand’s first cross-borderpayment system utilising stablecoins, according to CoinGape.
How PSD3 and PSR will shape trends in EU financial services Cross-borderpayment regulations and harmonization in the EU ESG in focus. How blockchain technology is shaping cross-borderpayments. 10 % discount with promocode: Partner Video highlights from Baltic Payment Forum 2024.
Cambridge Global Payments , a FLEETCOR company working on cross-borderpayments, has partnered with enterprise blockchain solution Ripple on a cross-borderpayment solution for B2B customers, according to a press release. This isn't Ripple's first foray into cross-borderpayments.
Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-borderpayments through blockchain technology, according to RYT9. Announced at Money20/20 Asia in Bangkok, the project integrates KASIKORNBANK’s Quarix blockchain with J.P. Thailand’s KASIKORNBANK , in partnership with J.P.
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. These diverse payment modalities symbolise businesses’ dynamic strategies to navigate the varied financial terrains across the Asia-Pacific region.
Ant International and BNP Paribas have entered a strategic partnership to enhance cross-borderpayment solutions for European merchants and consumers. BNP Paribas will sponsor WorldFirst’s integration into SEPA, allowing WorldFirst’s clients to access real-time payment schemes under SEPA and automate treasury payments.
The project aims to explore how tokenisation can improve wholesale cross-borderpayments. Featured image credit: Edited from Freepik The post BIS’ Project Agorá Opens to Private Sector for Tokenised Cross-BorderPayments appeared first on Fintech Singapore.
Clapper, a rapidly growing social media platform, announces its partnership with TruBit , the leading digital asset payment solutions platform in Latin America , to enable seamless US-LATAM cross-borderpayments. This is a win-win-win for TruBit, Clapper, and their current and future users. .”
Through the new partnership, OpenPayd will support Ripple’s cross-borderpayments solution, Ripple Payments, with its global fiat infrastructure, including real-time payment rails, multi-currency accounts and virtual IBANs.
This dual licensing enables the company to offer cross-borderpayment services that integrate traditional fiat currencies with blockchain-based stablecoin transfers.
Programmable Payments: Smart contract integration for automated transactions. Global Accessibility: Multi-chain compatibility for seamless cross-borderpayments. Support for DeFi activities, such as cross-DEX arbitrage and intelligent yield farming.
With firms spending roughly $120billion (S$154.2billion) on cross-border transaction fees, alternatives are being sought after. According to a new report from the Project Guardian FX industry group, implementing tokenised bank liabilities and shared ledgers in cross-borderpayments and FX is a viable solution.
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-borderpayments.
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.
MANSA , a leading decentralised finance (DeFi) platform specialising in cross-borderpayments and trade financing, has partnered with blockchainpayment platform Bitmama to improve cross-borderpayment accessibility across Africa.
Today, Ripple , the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction , the global leader in cross-borderpayments solutions for regulated institutions. A host of new currencies are scheduled to be switched on for Ripple customers later this year.
In March 2025, Qatar National Bank (QNB) began leveraging Kinexys Digital Payments (KDP) as its blockchainpayment system for USD corporate flows. Through the relationship, QNB can address the complex challenges in the industry for commercial settlements, such as cross-borderpayments and liquidity funding needs.
OwlTing Group (“Company”), a global blockchain fintech company, today announced plans to implement Visa Direct solutions under a global agreement with Visa, a world leader in digital payments to provide real-time cross-borderpayments for individual and business customers.
TerraPay, a global money movement company, and PYMNTS, a global leader in payments and fintech insights, have released a detailed report on the future of cross-borderpayments. financial institutions currently support wallet-based B2B payments, indicating vast untapped opportunities for growth.
The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-borderpayments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).
Deutsche Bank and Ant International have entered a strategic partnership aimed at enhancing cross-borderpayment services for businesses of all sizes in Europe and Asia. The agreement combines Deutsche Bank’s global network with Ant International’s digital payment technologies.
Ripple, a provider of enterprise blockchain and crypto solutions, has launched its stablecoin, Ripple USD (RLUSD) , on global exchanges today. Ripple aims to facilitate global adoption through partnerships with these and other market makers and payment providers, focusing on the Americas, Asia-Pacific, UK, and Middle East regions.
Private sector bank Axis becomes the first Indian financial institution to offer near-real-time, 24/7 programmable USD clearing for its commercial clients with JP Morgans digital assets unit Kinexys.
Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-borderpayments and remove the complexities tied to legacy systems. Morgan said it had established Onyx, a new business unit dedicated to blockchain and digital currencies.
. “For Visa, this is an opportunity to deliver innovations that enhance payment experiences across Asia Pacific with greater flexibility, security, and convenience. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”
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