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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?
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
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 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.
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.
Global reach: supports multi-currency, multi-acquirer environments with intelligent crossborderpayment handling. AI-powered routing: this feature used global online businesses selects the most favourable acquirers, increasing conversion rates.
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.
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.
But the real story is in the infrastructure behind it: licensing, interoperability and a deep commitment to making cross-borderpayments work for everyone – not just the biggest players. TerraPay now connects over 155 countries and 3.7 billion digital wallets, working with major partners like Swift and M-Pesa.
Published July 25, 2025 Justin Bachman Senior Reporter post share post print email license Winxclub via Getty Images Bottomline Technologies sells businesspayments and digital banking services to banks, which in turn use them to offer corporate customers non-branded technology for online banking and cash-management services.
.” 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.
Corpay agrees $2.2bn Alpha Group takeover Corporate payments outfit Corpay has agreed to buy British peer Alpha Group for $2.2 Alpha provides B2B crossborder FX to corporations and investment funds in the UK and Europe, holding around $3 billion of deposits in over 7000 client accounts. billion in cash.
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.
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.
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.
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 platform also enhances corporate spend control through integrated card programmes and secure, single-use virtual cards**, helping reduce leakage and unlock potential cashback of up to 1%* on eligible payments.
Cross River Provides embedded payments, banking, and lending infrastructure for fintechs, with a strong compliance focus. Invoiced A cloud-based billing platform that automates invoicing, collections, payment plans, and account receivables management. Best for : Mid-sized businesses seeking to streamline receivables operations.
To resolve many of these challenges, Corpay Complete plans to unify accounts payable, expense management, and international payments into one intelligent platform, enabling UK businesses to save time and cut costs. “The timing couldn’t be more critical. .”
And this figure is set to grow, fueled by the fast adoption of digital payment methods in emerging markets. The ability to deliver a tested solution that caters to the needs of merchants and consumers in cross-border solutions is easier said than done. Payment providers have to apply rigorous testing procedures.
Small and medium-sized businesses (SMBs) face big challenges when it comes to global payments. Opportunities to reach new markets across borders and overseas have never been greater. The capital infusion came at the same time that LiquidTrust announced the launch of Micro Escrow , its instant escrow payment solution for SMBs.
Anna Moneymaker via Getty Images Payments companies ACI Worldwide, Bill and Corpay all announced this month that they would bring on new chief financial officers from other companies as the U.S. Cross-borderpayments company MoneyGram also hired a chief marketing officer this month, bringing on Lamia Pardo in that role.
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.”
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.
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.
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 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.
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.
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). “We feel confident about our operations and business.
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.”.
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?”
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.
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.
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.
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.
Money constantly flows across borders in the increasingly interconnected global economy, from workers overseas back to their families, and from buyers to their suppliers. Any complications cause major headaches, and international payments are often more involved and costly than those made domestically. International B2B Payments Pains.
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. FLEETCOR Buys AFEX To Boost Cross-BorderPayments.
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