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Xoom Enables Partners to Use PayPal USD for Faster Cross-Border Payments

Fintech News

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.”

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Coinbase Sets Sights on Thai Baht and Philippine Peso Stablecoins

Fintech News

Coinbase, the global cryptocurrency platform, plans to introduce stablecoins pegged to the Thai baht and Philippine peso as part of its focus on Southeast Asia, according to a report by Nikkei Asia. The company currently has no plans to directly enter Southeast Asian jurisdictions.

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Empowering Financial Institutions: An Interview with the CEO of Almond FinTech

Fintech Review

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.

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Stablecoins to streamline Cross Border Payments

Finextra

Market Size Value of cross-border payments 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.

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Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments

The Fintech Times

. “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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Payments trends report 2024

The Payments Association

Furthermore, the report takes a forward-looking approach, incorporating forecasts for 2025 and exploring pivotal themes such as artificial intelligence in payments, the evolution of tokenisation and decentralised finance (DeFi), and the adoption of emerging technologies like blockchain, generative AI, and machine learning.

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Marqeta Research Finds Consumer Demand is Defining Smart Payments Adoption

The Fintech Times

Blockchain and crypto The research findings indicate that blockchain has moved from the margins to real business applications in the UK. With 41 per cent of firms surveyed already using blockchain to manage cross-border payments, inventory or other business processes, its clear that digital asset infrastructure is maturing.