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FXellence , a provider of fast, simple, and secure international businesspayments, has announced the launch of its new cross-borderpayment platform for businesses, FXellence International Payments, powered by Currencycloud , a Visa Direct offering.
We aim to address existing challenges in cross-borderpayments and seize opportunities through innovative solutions. Our partnership with Cairo Amman Bank will be instrumental in bringing convenient and secure cross-borderpayment solutions to Jordan. billion in 2023, an increase from USD4.91
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?
Global payments company Thunes has introduced ‘Thunes BusinessPayments’ , a new service aimed at helping enterprises, merchants, banks, and mobile wallet providers streamline international business transactions. The launch is targeted at members of Thunes’ Direct Global Network.
Rajnish Kumar, co-founder and CEO of Instapay Technologies Mastercard Move has a portfolio of money movement capabilities powering person-to-person and businesspayments to more than 180 countries worldwide in 150+ currencies.
FLEETCOR , which works in global businesspayments, announced that it had reached an agreement to acquire cross-borderpayment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says.
This capability allows these businesses to promptly pay their overseas suppliers free of charge, ensuring timely receipt of goods and cost savings to support their business growth. A recent analysis shows that it takes between five to ten days for payments to reach their destined account.
Geoswift, a Canada-based cross-borderpayment services provider, has announced the integration of Visa Direct into its international payments platform. Visa Direct enables fund transfers to over 140 countries and territories.
Nottingham Forest can confirm that UK headquartered payments company Sokin has been named as the Official Global BusinessPayments Partner. Sokin will manage FX and global payments for Nottingham Forest while also supporting e-commerce payment acceptance through the Clubs online store.
HSBC have launched a new crossborder e-commerce payment solution for banks worldwide, enabling their merchant business customers trading on e-commerce sites to seamlessly receive EUR and GBP payments via their local bank account.
Bottomline, a global leader in businesspayments, has been awarded Cross-BorderPayment Company of the Year: North America by International Banker. As a global businesspayments leader, Bottomline is honoured to serve 16 of the top 20 US banks with its products.
Tackling B2B payments friction is a journey, but when corporates take their transactions global, finding a remedy for cross-border B2B payments is a much more complicated process. ” Tackling B2B payments on a global scale calls for collaboration, McCarthy explained. So how do you accelerate that?”
Mastercard and the Bank of Shanghai announced businesses anywhere in the globe can now send payments to China more efficiently. Our Cross-Border Services will enable our global partners to deliver a more convenient, cost-effective and certain payment experience for people and businesses everywhere.”.
The first step for Waza was providing competitive foreign exchange (FX) and cross-borderpayments for businesses. Ultimately, Lync aims to give these businesses greater control over their payment operations and easier access to the global financial markets, with reduced need for intervention.
Visa, the world leader in digital payments, today announced a significant partnership with First Abu Dhabi Bank (FAB) , the largest bank in the United Arab Emirates, to expand the Visa B2B Connect network in the region. FAB’s market leadership and extensive network will be instrumental in driving the adoption of our platform across the UAE.”
As part of its mission to connect and power an inclusive digital economy, Mastercard has signed a strategic agreement with urpay to offer urpay consumers across the Kingdom greater access to an advanced selection of cross-borderpayment solutions. The portfolio includes Mastercard Cross-Border Services and Mastercard Send.
To offer businesses seamless, efficient and cost-effective cross-border transactions, Cross River Bank , a tech infrastructure provider that offers embedded financial solutions has announced the launch of its new International Payments solution.
Instapay Technologies and Mastercard, a global technology company in the payments industry, are enhancing international money transfer services for Instapay customers through Mastercard Move, a portfolio of money movement capabilities powering person-to-person and businesspayments to more than 180 countries worldwide in 150+ currencies.
The rise of contactless payments can also spur different approaches to B2B payments across verticals well-entrenched in using paper checks (such as plumbers, for example), especially as real-time payments take root and improvements accrue through automation data access and reconciliation.
Thunes , the FinTech startup which operates a global cross-borderpayments network for emerging economies, announced Tuesday (Sept. The cash will be used to hire more staff and expand its product offering, including businesspayments and collections from emerging markets.
This collaboration allows business leaders and financial teams to access sophisticated payments infrastructure while also avoiding cross-borderpayments fees, ensuring real-time currency conversion, improving cash flow, earning rebate revenue, and decreasing fraud.
FXellence, a provider of fast, simple, and secure international businesspayments, has announced the launch of its new cross-borderpayment platform for businesses, FXellence International Payments, powered by Currencycloud, a Visa Direct offering.
Payment Rails is making its official step into the cross-borderpayments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec. Artificial intelligence ensures regulatory compliance and fraud protection.
FleetCor Technologies, with broad operations in fleet cards and payroll solutions, has announced plans to purchase Cambridge Global Payments, which specializes in cross-borderbusiness-to-businesspayments, for $675 million.
Western Union (WU) is bridging small businesses (SMBs) and entrepreneurs in Puerto Rico to cross-borderpayment services, the financial institution (FI) said on Monday (March 11). “We feel confident about our operations and business.
The modern-day financial services landscape has a need for speed, and one of the slowest areas of the market can be seen in cross-borderpayments. Remittance and peer-to-peer payment technologies have accelerated transaction speeds for consumers tired of waiting days for money to move across borders.
Corporate payments technology firm Bill.com is rolling out a new platform designed to deploy artificial intelligence (AI) for automated workflows. Bill.com pointed to its own research, which found the payments platform saves SMB users an average of 5.5 It can also recognize bill approval routing and payment thresholds.
Western Union and FLEETCOR are nearing an agreement to sell WU’s businesspayments operations to the fleet payments firm, according to reports in PE Hub on Wednesday (Nov. Citing three unnamed sources, reports said Citi is advising on the deal, which could fetch $600 million for the B2B payments operations.
It will take years to fully complete the project, but Mastercard has announced the availability of real-time account-to-account corporate payments for U.S. firms through its Mastercard Track BusinessPayment Service (BPS), with plans to add cross-borderpayments next year.
Among other topics extensively reported, PYMNTS' latest Global B2B Payments Playbook , done in collaboration with Worldpay B2B Payments , zeroes in on international B2B payments friction, and how digital invoicing and payments are making it easier for B2B funds to crossborders.
And with the ability for even the smallest of businesses to step into an international market, and to both source and procure from business partners around the world, the expansion of cross-border B2B transaction volume is only slated to accelerate. However, he noted, global payments friction runs rampant.
Corpay , a FLEETCOR® (NYSE: FLT) brand and global leader in businesspayments, is pleased to announce that Corpay’s Cross-Borderbusiness has entered into an agreement with Cricket Ireland to become their Official Foreign Exchange (FX) Partner.
XTransfer , China’s top B2B cross-border trade payment platform, and EBANX , the leading payment platform connecting global companies with customers in Latin America, Africa, and Asia, announced a strategic partnership aimed at streamlining B2B trade payments in Latin America.
SAP Taulia , a global fintech leader of working capital solutions, has partnered with PayMate , a leading businesspayment solutions provider, to enhance payment flexibility for businesses in APAC and EMEA 1. “This collaboration aligns perfectly with our mission to simplify and optimise businesspayments globally.
Thunes, the Smart Superhighway to move money around the world, announces the launch of Thunes BusinessPayments, a next-generation solution designed to transform cross-borderpayment experiences for Members of Thunes Direct Global Network, including enterprises, merchants, as well as neo-banks, traditional banks and mobile wallets serving businesses (..)
Vincent Chok , CEO at First Digital “2025 is undoubtedly going to be a breakout year for stablecoin adoption, with businesses increasingly looking for solutions that address regional challenges like cross-borderpayment friction and currency volatility,” explained Vincent Chok , CEO at First Digital.
Big Data and software as a service (SaaS) once again caught the attention of venture capitalists in the B2B FinTech space this week, but it was cross-border B2B payments that landed the most money. Cross-BorderPayments. With a business model similar to that of Veem, Currencycloud, a U.K.-based
Corpay , a FLEETCOR® brand and global leader in businesspayments, is thrilled to announce the latest expansion of Corpay’s Cross-Borderbusiness with the opening of a new back-office support centre in Chennai, India.
With 2025 set to usher in accelerating digital transformation across the entire payment and merchant landscapes, PXP, in collaboration with leading polling firm Censuswide, surveyed 250 payment decision-makers at merchants and retailers across the UK and US in January 2025.
Businesspayments platform MODIFI has secured $15 million in funding. “As global commerce evolves, MODIFI is at the forefront, providing innovative solutions that empower businesses to scale and succeed across borders.” MODIFI made its Finovate debut at FinovateEurope 2020 in Berlin, Germany.
The Australia-headquartered global market leader in payment fraud prevention Eftsure today announced the acquisition of French fintech Sis ID. With this strategic tie-up, the two companies will become the world’s largest businesspayment protection platform.
Matching the payment mechanism to the project has been a thorn in the side of global procurement since the days of the spice trade. This is key to not only addressing a payments pain point in B2B transactions, but also to incentivizing adoption of the technology by adding value to data standardization. A World Of Opportunity.
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