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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
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.
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.
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?
. “For Visa, this is an opportunity to deliver innovations that enhance payment experiences across Asia Pacific with greater flexibility, security, and convenience. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”
That small payment set the tone for what the company has aimed to do ever since: build globalpayments infrastructure that treats every transaction like it matters. Our purpose is to simplify global money movement for all. This purpose is rooted in facilitating inclusion and interoperability.
This integration connects local payment rails (such as Brazil’s PIX) directly to global USDC liquidity, facilitating faster, cheaper, and more transparent cross-borderpayments without the need for banks to build new infrastructure from scratch 1 2 4 6.
A key feature on its way to mobile wallets is support for card networks and domestic bank transfer networks alongside international cross-borderpayment rails.
Thunes has won the Thunes Best Payment Solution Award at the 2025 Asian Banking & Finance Fintech Awards, making its name as a great place to make payments across borders. This award shows how Thunes is becoming more important in building a globalpayment system that is seamless, scalable, and efficient.
Modernizing Cross-Border Settlement Before CIPS, RMB cross-borderpayments relied on clearing banks, correspondent banking, and Non-Resident Account (NRA) models—often resulting in delays and inefficiencies. What are your thoughts on the future of cross-borderpayments?
By adopting a modular, API-first approach, banks can: Reduce staff, hosting and operating costs by launching a low-code, fully extensible loans, cards, payments, and core banking solution on the most appropriate and cost-efficient hosting platform. This can be on-prem, or hosted in any private or public cloud.
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.
Payments Report 2024 As the globalpayments 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.
Circle has launched the Circle Payments Network (CPN) to modernize the $190 trillion cross-borderpayments market with blockchain-based, near-instant settlement. CPN enables financial institutions to securely exchange payment instructions and settle transactions using USDC on public blockchains. per transaction.
billion Nium is a globalpayments platform that makes cross-border money transfers easier for businesses and financial institutions. Using real-time payment technology, Nium helps companies speed up international transactions, simplify operations, and scale. Nium Valuation: $1.4 Airwallex Valuation : $5.5
Joining Borderless.xyzs global stablecoin network reinforces our commitment to interoperability and efficiency. This collaboration is a major step toward simplifying complex payment flows for companies operating between Mexico and the world.
. “Fintechs are building banking layers focused on consumer experience and are innovating to meet the demands for 24/7 access to financial services, including lending, investing, and cross-borderpayments. “Financial inclusion is essentially the core offering of digital banking. .” billion in 2024 to 5.8
The programmability of value-added financial services will enable new business models and enhance the efficiency and transparency of cross-borderpayments. Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries.
The company’s platform supports embedded financial services, including account provisioning, FX, and domestic and cross-borderpayments. The addition of stablecoin on- and off-ramps is expected to expand the platform’s interoperability between fiat and digital currencies.
Scaling stablecoins will fundamentally be about utility to consumers and businesses, and interoperability between the existing financial system” and stablecoins, Lambert said.
The best fintech tools for payments and FX enable faster, cheaper, and smarter money movement, backed by powerful APIs and modern dashboards. Here are the top platforms reshaping how businesses manage payments and foreign currency flows: 38. Best for : Platforms building cross-borderpayment functionality into their services.
Global market developments Mathieu Limousi , chief marketing officer at Thunes “The findings in Thunes 2025 Mobile Wallet report reflect a profound transformation in the globalpayments landscape,” explained Mathieu Limousi , chief marketing officer at Thunes. “With mobile wallet users expected to reach 5.8
These measures can help create a more favourable environment for investment and competition in the payments sector. Cross-borderinteroperability : Enabling UK stablecoins to integrate with international payments frameworks.
Better real-time payouts in Canada By collaborating with the Canadian pay-by-bank provider, TerraPay’s network of money transfer operations can facilitate improved real-time payments to recipients in Canada.
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.
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.”
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.
TerraPay, a global money movement company, and PYMNTS, a global leader in payments and fintech insights, have released a detailed report on the future of cross-borderpayments. The report highlights how interoperability and B2B adoption will play a crucial role in the industrys next phase of growth.
The Interledger Foundation , an organization building and advocating for an open, interoperablepayment 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.
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.
Conduit , a leading cross-borderpayments platform powered by stablecoins, announced today it closed a $36 million Series A funding round. “Traditional cross-borderpayment systems do not meet the demands of modern businesses.
According to the latest Smarter Payments Tracker , globalpayment usage is at an all-time high. So, why do cross-borderpayments present so many challenges? payment systems will have to become more international in scope. Revenues are forecast to hit $2 trillion by 2020, according to McKinsey.
According to the new Simplifying Cross-BorderPayments Playbook , there are five key criteria that an ideal cross-borderpayment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-BorderPayments Are Made. So, what’s the problem? What’s Changing?
Such experiences require paymentsinteroperability, which can be a significant challenge due to changing technologies and regulations. Many initiatives are currently underway around the globe to push such efforts along, meaning interoperability may not be as far off as once thought. What is paymentsinteroperability?
TerraPay , a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions.
We live in a time where open networks and software platforms have enabled interoperability of communications, media sharing, content and information discovery. They want speed, low costs, security, openness, global reach — these are the same kinds of things that other internet protocols have brought,” he said.
” Cross-BorderPayments in the Crosshairs. One of the areas of corporate finance experiencing the biggest exposure to these disruptors is globalpayments. “If you look at cross-borderpayments, at the highest level they are the settlement engine for a rapidly globalizing economy,” said Kohli.
The globalpayments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their globalpayment activity is able to keep up with the pace of doing business. Progress in Tackling Cross-BorderPayments Friction.
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.
Financial service providers are operating in a globalpayments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards. In the public sector, corporates and government entities are also collaborating in pursuit of interoperability.
Through this cutting-edge offering, Thunes now connects Members of its proprietary Network to 15 billion cards globally, including Mastercard, Visa, and UnionPay, making cross-borderpayments faster, more efficient, and more accessible than ever before.
When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Having discussed the myths , hype and usage of buy now pay later (BNPL), we now turn our focus to cross-borderpayments.
Globalpayments revenues are at an all-time high, and experts predict that they could even climb to be a $2 trillion industry by 2020. Cross-borderpayment revenues currently account for approximately $200 billion, a significant slice of the payments pie. Developments From Around The Smarter Payments World.
From concept to pilot to corporate payment game changer. Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-borderpayments and remove the complexities tied to legacy systems. Umar Farooq , CEO of J.P. Liink, J.P.
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