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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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
Over three million migrant workers living in Malaysia will now be able to remit funds to their home countries in local currencies in near real-time, following a new partnership between Instapay Technologies , the digital payment platform, and payment juggernaut, Mastercard.
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.
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.
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). At the time, reports said a takeover could rake in $600 million for Western Union.
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.
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.
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.
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.
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 (..)
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.
In the wake of the pandemic, B2B payments have had to evolve. But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot.
Under Mastercard Cross-Border Services, commercial customers will be able to transfer money to any bank in China, reduce transaction costs, and get real-time exchange rates for the Chinese Yuan, the financial services company said.
.” For international companies looking to expand into Zambia, Flutterwave provides a reliable gateway to the market, enabling seamless local payments and supporting everything from consumer transactions to business-to-businesspayments.
Cross-borderpayments still present challenges , but the landscape is changing rapidly. . Swift recently announced that its gpi service can integrate with domestic real-time systems to facilitate rapid cross-border transactions. Traditionally, most cross-borderpayments are made through Swift.
This month’s Deep Dive explores the frictions currently afflicting the B2B cross-borderpayments and P2P remittances spaces, as well as the solutions being developed to accelerate transactions and reduce pain points. International B2B Payments Pains. The State of Global Remittances. Mexico transactions in 2018.
billion, and FLEETCOR has come to an arrangement to purchase cross-borderpayment company Associated Foreign Exchange (AFEX). Plus, Nacha has announced the introduction of cybersecurity and voice payment resources. The firm provides small businesses ranging from personal trainers to general contractors with policies.
Dare Okoudjou, the company’s CEO, recently told PYMNTS why small- and medium-sized businesses are particularly ripe to embrace mobile payments not only to accept funds from consumers but to send and receive payments between each other — even across border. Friction At The Border. ”
Network International (Network) , the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the introduction of new BusinessPayment Solutions for businesses, corporations, and travel industry companies in the UAE.
Visa’s new cross-borderpayments network now operates in 62 countries, with plans to be live in more than 100 countries by the end of next year. We’re democratizing access to modern, secure and compliant crossborderpayments rails,” Koenigsberg explained. A Different Approach To B2B Payments.
With the volume of business-to-businesspayments in the EEMEA region increasing rapidly, the need for digitization has never been greater. At Mastercard, we are doubling down on corporate solutions and enabling new digital payment solutions to better support the markets we serve.
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.
Product launches Thunes , the cross-borderpayment infrastructure provider, has launched a new ‘BusinessPayments’ offering, a new solution designed to transform cross-borderpayment experiences for its members.
Thunes has announced the introduction of Thunes BusinessPayments, a solution developed to optimise cross-borderpayments for members of the company’s Direct Global Network.
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.
Global businesspayments company FLEETCOR has announced it has signed a definitive agreement to acquire Associated Foreign Exchange (AFEX), a cross-borderpayment solutions provider.
The Association of Canadian Travel Agencies (ACTA) is collaborating with Western Union to make cross-borderpayments easier. ACTA represents the retail travel sector of Canada’s tourism industry and represents more than 80 percent of the travel business booked through a Canadian travel agency.
For entrepreneurs, the FinTech allows businesses to grow internationally by providing company incorporation services as well as multi-currency business accounts to facilitate cross-borderpayments and manage liquidity throughout the world. ” Easing Payments Friction.
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.
It’s part of the small business financial service industry’s approach toward a holistic ecosystem of products and services that “just work,” added McIntyre. As the industry makes progress toward that goal, Novo has more integrations planned in the areas of payments, payroll and cross-borderpayments.
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