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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
Morgan Stanley has partnered with Wise Platform to enhance its cross-borderpayment capabilities for corporate and institutional clients. The collaboration makes Morgan Stanley the first investment bank to offer foreign exchange international settlements through Wises infrastructure.
Standard Chartered announced a new partnership with Wise Platform to improve speed and lower costs for its internationalpayments service, SC Remit. Wise Platform’s infrastructure includes over 65 licences and six direct connections to domestic payment systems including the latest one with Philippines’ InstaPay.
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 internationalpayments for the bank’s cross-borderpayment service, SC Remit.
In a significant milestone for the fintech industry, Paysend , the UK-based globalpayments platform, has announced reaching 10 million consumer customers worldwide. As the largest global digital network with over 25 billion endpoints, our mission is to simplify internationalpayments for everyone.
As the creators of Nigeria’s largest price discovery engine, Naira Rates , Juicyway facilitates remittances and provides access to FX through various payment channels. It offers multicurrency accounts and access to a liquidity pool for local and internationalpayments at competitive rates.
Boost Payment Solutions , a global leader in B2B payments, today announced a partnership with internationalpayment 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.
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-borderpayments smoothly and efficiently. Multiple payment options : As mentioned, localizing payment options builds customer trust and satisfaction.
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.
A consortium of central banks has formally established Nexus GlobalPayments (NGP) in Singapore to manage a new multilateral cross-borderpayment system. This marks the initiative’s transition from a Bank for International Settlements (BIS) experimental project, started in 2021, into practical implementation.
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 internationalpayment firm, TransferMate.
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.
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 InternationalPayments solution.
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.
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.”
The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the internationalpayment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-borderpayments.
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 internationalpayments from BNY’s customers may now be paid in as little as 60 seconds1 regardless of who they bank with.
Spendesk , the leading spend management and procurement platform for mid-market companies, today announces its partnership with Wise Platform , Wise’s globalpayments infrastructure for banks and enterprises, to provide internationalpayments.
The Interledger Foundation , an organization building and advocating for an open, interoperable payment network, and Chimoney , a fintech company providing multi-currency wallets and infrastructure for cross-borderpayments, today announced their work to power cross-borderpayments between more than 130 countries worldwide.
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.
Nium , the leading global infrastructure for real-time cross-borderpayments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-borderpayments across 35 African markets for more than 32 million customers.
By integrating our SWIFT BIC code, FV Bank is able to receive deposits through an extensive network of over 11,000 financial institutions across more than 200 countries, significantly expanding its internationalcross-borderpayments capabilities. “While many U.S. “While many U.S.
By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time internationalpayments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.
It may seem that cross-borderpayments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. These shortcomings make the cross-borderpayment industry ripe for disruption and innovation.
Airwallex , a leading globalpayments and financial platform for modern businesses, today revealed how its global financial technology has improved McLaren Racing’s financial operations throughout the 2024 Formula 1 season.
Cross-borderpayments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-borderpayment systems faster, more seamless and interoperable.
The world doesn’t lack for stories about cross-borderpayments gone wrong. In some examples, by the time the money went through all the byzantine steps that have historically made up the cross-borderpayments process, only about $4 worth of spendable value actually arrived.
Following a new partnership between Centiglobe , the cross-borderpayment infrastructure solutions provider, and Mastercard Move , Mastercard s portfolio of global money movement solutions, customers using Centiglobe’s blockchain-based payments platform will now be able to use Mastercard Move through a single integration.
Key insights from the PAY360 2025 survey on current challenges and opportunities in the payments sector. It highlights how industry leaders are prioritising AI, cross-borderpayments, and digital currencies while grappling with regulatory, technological, and customer demands. Why is it important? What’s next?
This first-of-its-kind initiative, its an alternative to the traditional payment system, reshaping how Bangladeshi students pay tuition fees and manage living expenses while studying abroad. Trust Bank and TerraPay are paving the way for a more connected, efficient, and transparent financial future for Bangladeshi students and their families.
According to the latest Smarter Payments Tracker , globalpayment usage is at an all-time high. international transactions per capita every year, up from 0.5 So, why do cross-borderpayments present so many challenges? payment systems will have to become more international in scope.
Over the past year Wise Platform , Wise’s globalpayments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint.
The culmination of their experiences and approaches towards managing internationalpayments has resulted in AFEX’s first annual State of InternationalPayments report, which provides insight into how businesses are overcoming the barriers and rising to the challenges of cross-borderpayments.
Cross-borderpayments remain costly and complex, but innovations in FX, APIs, and stablecoins are unlocking faster, smarter global money movement. In today’s hyperconnected world, managing cross-borderpayments remains surprisingly complex, inefficient, and costly.
Zug, Switzerland, April 8th, 2025, FinanceWire Bivial AG , a leading Financial Institution, has announced yet another expansion of its internationalpayment capabilities with the launch of dedicated CZK (Czech Koruna) and SGD (Singapore Dollar) Accounts. More information at bivial.ch. About Bivial AG.
Earthport , a globalpayments company, announced Thursday it has been named by BNP Paribas to provide Automated Clearing House (ACH) cross-borderpayment services. With the partnership, BNP Paribas will gain access to Earthport’s payments network, offering lower costs and transparent internationalpayments. “
The significance of cross-borderpayments has never been greater. The global economy is increasingly interconnected, and remittances play a crucial role in the financial well-being of millions worldwide. Yet, despite the rise of instant domestic payments, cross-border transactions remain slow, costly, and inefficient.
PNC Treasury Management joined the Ripple cross-borderpayments network that uses blockchain to facilitate global transactions. Payments sent from across borders can be received in real time via RippleNet , the firms noted, providing a boost to corporate payees’ cash flows.
SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-borderpayments market in Spain, have adopted SWIFT globalpayments innovation or gpi. SWIFT gpi enables banks to conduct end-to-end tracking of the cross-borderpayment.
Thunes, a globalpayment services provider, has expanded its internationalpayment infrastructure into Taiwan enabling real-time financial transactions in both new Taiwan dollars and US dollars. The move enables more efficient and direct payment processes to major Taiwanese banks for both individual and business accounts.
Global bank Standard Chartered unveiled this week that it has teamed up with cross-borderpayments fintech Wise (formerly TransferWise). “We chose to partner with Wise Platform due to their extensive currency coverage and stellar cross-borderpayments experience they are known for.
Individual jurisdictions around the globe are pressing for both faster and more efficient cross-borderpayments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,
This collaboration will bring digital payment solutions and data capabilities to help MSB enhance efficiency and offer the best payment service experience to customers by bringing down costs and reducing transaction times. Along with the pace of digitization, the demand for real-time globalpayments is becoming increasingly urgent.
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