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FXC Intelligence, a data platform specializing in the cross-borderpayment and e-commerce sectors, has released its annual Cross-BorderPayments 100 list, highlighting the 100 most influential players in globalpayments. The company is currently valued at US$5.5
Globalpayments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-borderpayment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets.
Globalpayments network Thunes has announced a collaboration with Circle , the issuer of regulated stablecoins USDC and EURC. This partnership aims to enhance stablecoin liquidity management in cross-borderpayments. said Jeremy Allaire, Co-founder and CEO of Circle.
Morgan Stanley has partnered with Wise Platform to enhance its cross-borderpayment capabilities for corporate and institutional clients. Wise Platform, the globalpayments infrastructure for banks, enables financial institutions to offer international payments using Wises network.
Mesta , a fintech platform reshaping globalpayment networks with hybrid fiat and stablecoin payment rails, unveiled its cross-borderpayment platform. It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in globalpayments and trade.
Thunes, a globalpayments company, has launched a new Pay-to-Card solution that allows its members to send real-time payments to 15 billion Mastercard, Visa, and UnionPay cards worldwide. said Floris de Kort, CEO of Thunes. said Chloe Mayenobe, President and COO of Thunes.
In a significant milestone for the fintech industry, Paysend , the UK-based globalpayments platform, has announced reaching 10 million consumer customers worldwide. The post Paysend Celebrates 10 Million Consumer Customers Milestone: Simplifying Cross-BorderPayments for Everyone appeared first on FF News | Fintech Finance.
UPI is revolutionising cross-borderpayments, expanding Indias digital payment influence through global integration, regulatory reforms, and strategic partnerships. The introduction of the unified payments interface (UPI) in 2016 marked a transformative shift in India’s digital payments landscape.
Our growth in a short period of time reflects the underlying demand for better globalpayments. By leveraging innovative stablecoin technology, theyre leapfrogging outdated infrastructure to create a seamless, efficient, and inclusive cross-borderpayment system that reshapes how Africans connect with the global economy.
Boost Payment Solutions , a global leader in B2B payments, today announced a partnership with international payment pioneer TransferMate that is designed to address the growing demand for cross-borderpayments. based BINs to expand the reach of those programs into cross-borderpayments.
Morgan Stanley is teaming up with Wise to bring faster and smoother cross-borderpayments to its corporate clients, making it the first investment bank to integrate Wises globalpayments platform.
MoneyGram , a leading globalpayments network for consumers, businesses and communities, today announced a new partnership with Plaid , the data network powering the fintech tools millions of people rely on to lead a healthier financial life.
A consortium of central banks has formally established Nexus GlobalPayments (NGP) in Singapore to manage a new multilateral cross-borderpayment system. NGP, incorporated as a non-profit company limited by guarantee, will oversee the operationalisation of the Nexus scheme.
There is a growing demand for cross-borderpayments across the globe. Looking to meet this demand, B2B payments organisation, Boost Payment Solutions has partnered with international payment firm, TransferMate.
Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT ’s latest service to speed effortless globalcross-borderpayments for small- and medium-sized business (SMBs) and consumer markets. “We Oracle and SWIFT share a history of collaboration.
Nium, a globalpayments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-borderpayments faster and more affordable.
In a significant move to strengthen its retail cross-borderpayments offering, leading global bank Standard Chartered and Wise Platform, Wise’s globalpayments infrastructure for banks, have announced a partnership, to power faster and cheaper international payments for the bank’s cross-borderpayment service, SC Remit.
Nium, a globalpayments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. The partnership allows financial institutions to connect with Nium for faster, more transparent cross-borderpayments.
Centiglobe , a leading fintech company specializing in cross-borderpayment infrastructure solutions, today announces a new collaboration with Mastercard Move – Mastercard’s portfolio of global money movement solutions. Unlike traditional cross-borderpayment models, Centiglobe does not charge per transaction.
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.
Thunes, a globalpayments company specialising in cross-border transactions, has expanded its Direct Global Network to Taiwan. This expansion offers a real-time alternative to traditional cross-borderpayment systems for transfers to bank accounts in Taiwan.
Wise Platform’s infrastructure includes over 65 licences and six direct connections to domestic payment systems including the latest one with Philippines’ InstaPay. It can reportedly complete 63% of cross-borderpayments in under 20 seconds, enabling Standard Chartered to offer a seamless experience.
Financial crime compliance innovator ThetaRay announced a strategic partnership with cross-borderpayments platform Spayce. Cognitive AI financial crime compliance company ThetaRay is working with cross-borderpayments platform Spayce to bring enhanced security and fraud fighting ability to payments.
Thunes, a globalpayments company specialising in cross-border transactions, has integrated Hyperwallet, a PayPal service, into its Direct Global Network. This collaboration leverages Thunes ‘ global network, which connects to over 7 billion bank accounts and mobile wallets worldwide.
LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-borderpayments. The service is also available via API, allowing businesses to integrate it into existing workflows.
Banking software provider Temenos and globalpayments leader Visa have announced a collaboration to simplify and streamline cross-borderpayments for banks and their customers. Ultimately, this will enable banks’ customers to benefit from fast, secure, and efficient cross-borderpayments.”
This burgeoning sector, characterised by its complexity and diversity, demands payment solutions that are efficient and adaptable to the nuanced dynamics of cross-border trade. Amidst the APAC region’s rapid economic ascent and the explosion of digital commerce, cross-borderpayment practices have noticed an evolution.
The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-borderpayments.
(StoneX; NASDAQ: SNEX) and Bamboo Payment Systems (Bamboo) announce that StoneX Payments, a division of StoneX, and Bamboo have entered into a strategic partnership to expand cross-borderpayment offerings and coverage for global merchants. The partnership includes an undisclosed investment by StoneX.
Cross-borderpayment firm XTransfer is leveraging its success in China to fuel an ambitious global expansion plan. A focus on Southeast Asia Founded in 2017 and headquartered in Shanghai, XTransfer is a business-to-business (B2B) cross-borderpayment specialist.
Tuum , a next-generation core banking provider, is pleased to announce the appointment of David Abbott as Vice President, Payments Business Unit and Strategic Accounts. His experience across cards, digital wallets, and cross-borderpayments makes him uniquely positioned to drive Tuum’s growth in the payments space.
Cross-borderpayment firm XTransfer and OCBC Bank have announced a partnership to provide small and medium-sized enterprises (SMEs) with enhanced financial services for international trade. The collaboration focuses on payment processing, foreign exchange, risk management, and wealth management solutions tailored to SMEs.
Through a new cross-borderpayments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon ( BNY ), Australian businesses and individuals who receive international payments from BNY’s customers may now be paid in as little as 60 seconds1 regardless of who they bank with.
Thunes , a global money movement innovator, has now enabled hundreds of merchants in Paris to accept cross-borderpayments from 15 international e-wallets and mobile partners via Alipay+. Thunes offers Pay and Accept cross-borderpayment capabilities in over 130 countries and more than 80 currencies.
Globalpayments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-borderpayments.
Globalpayments company Nium has announced a new partnership with Artajasa, a prominent Indonesian payment infrastructure provider. Featured image credit: Edited from Freepik The post Nium Partners with Artajasa to Enhance Cross-BorderPayments in Indonesia appeared first on Fintech Singapore.
Globalpayments company Nium has expanded its local funding and collection services to over 40 countries and 15 currencies, with more to come. This breadth makes Nium the go-to choice for businesses looking to expand their global reach.” ” said Alex Johnson, Chief Payments Officer at Nium.
Wise Platform , Wises globalpayments infrastructure for banks, financial institutions and larger enterprises, today announced the appointment of Lauren Langbridge as Commercial Director for North America, and Manuel Sandhofer as its new General Manager for Europe, Middle East and Brazil.
Despite this growth, African SMEs engaged in foreign trade face numerous challenges related to cross-borderpayments and fund collections. The partnership between XTransfer and Ecobank Group will foster collaboration between both parties to provide comprehensive cross-borderpayment solutions for African SMEs foreign trade.
FXC Intelligence, a data platform specializing in the cross-borderpayment and e-commerce sectors, has released its annual selection of the world’s top cross-borderpayment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide.
The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-borderpayments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).
Viably , a leader in innovative financial solutions for ecommerce, today announced a partnership with Airwallex , a leading globalpayments and financial platform for modern businesses. The Viably Global Account has transformed how we handle our business finances,” said Al Perel, owner of ecommerce seller 2SeeLife.
Globalpayments firm Airwallex has partnered with Woo, an open-source ecommerce platform on WordPress, to offer a new payment option for the latter’s merchants. This partnership aims to simplify cross-border commerce for global merchants without the high foreign exchange conversion fees.
This collaboration leverages Bank Alfalah’s extensive infrastructure to amplify Jingle Pay’s impact on cross-borderpayments and digital banking, advancing its ambitious vision for the MENAP region. The partnership will create synergies in cross-borderpayments strengthened by shareholder MoneyGram.
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