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Nexus Global Payments Officially Launches, Marking Move to Operational Phase

Fintech News

A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-border payment system. Following the release of a blueprint in July 2024, the founding central banks are providing the initial capital to build and launch the platform.

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Crypto.com Gains Mastercard License to Launch Crypto Cards in Bahrain, GCC

Fintech News

The programme will leverage Crypto.com’s recently acquired Payment Service Provider license from the Central Bank of Bahrain. The initiative is part of Crypto.com’s efforts to expand its global card programme and offer users more ways to utilize digital assets for everyday transactions.

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Fourth Generation Payment Networks Crucial for Trillion-Dollar Digital Economy, Study Says

Fintech News

A new whitepaper titled The Future of Global Payments & Fourth Generation Payment Networks (4GPN) has been jointly released by the Thunderbird School of Global Management and fintech firm Wiseasy. Download The Future of Global Payments & Fourth Generation Payment Networks (4GPN) whitepaper here.

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Paysafe Expands Payment Options Business to Brazil

Fintech Finance

Paysafe (NYSE: PSFE), a global payments platform, today announced that it has received approval from the Central Bank of Brazil (BCB) for a payment institution (PI) license for the countrys launch of its regulated online sports-betting and gambling market.

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Back to the Future with Global Payments Trends

Finovate

Global payments have been gaining popularity in fintech over the past few months. There is increasing demand for faster, safer, and cheaper payment opportunities as cross-border trade activity escalates. That’s because, in many cases, banks may need to build new businesses to keep their existing customers.

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Payments trends report 2024

The Payments Association

Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.

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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

Initially developed by the BIS Innovation Hub, Project Nexus aims to link domestic instant payment systems (IPS) through a single multilateral gateway, replacing the current patchwork of costly and complex bilateral connections. What strategic benefits does Nexus offer APAC banks aiming to modernise their cross-border payment capabilities?