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Globalpaymentsnetwork 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.
Mesta , a fintech platform reshaping globalpaymentnetworks 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.
In a significant milestone for the fintech industry, Paysend , the UK-based globalpayments platform, has announced reaching 10 million consumer customers worldwide. This advancement reinforces Paysend’s position as a leader in payment technology and as the worlds largest digital paymentnetwork.
Thunes, a globalpayments company specialising in cross-border transactions, has expanded its Direct GlobalNetwork to Taiwan. This expansion offers a real-time alternative to traditional cross-borderpayment systems for transfers to bank accounts in Taiwan.
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.
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.
MoneyGram , a leading globalpaymentsnetwork 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.
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.
Nium, a globalpayments infrastructure provider, announced that financial institutions can now connect to its real-time paymentsnetwork using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-borderpayments faster and more affordable.
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.
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.
Cambridge GlobalPayments , a FLEETCOR company working on cross-borderpayments, has partnered with enterprise blockchain solution Ripple on a cross-borderpayment solution for B2B customers, according to a press release. This isn't Ripple's first foray into cross-borderpayments.
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.
Circle has launched the Circle PaymentsNetwork (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.
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.
(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.
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.
By leveraging the new regulatory approvals, Thunes gains the ability to contract directly with American businesses for real-time cross-borderpayments, via its Direct GlobalNetwork, connecting to over 7 billion mobile wallets and bank accounts as well as 15 billion cards in over 130 countries and 80 currencies.
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.
Thunes, a globalpayment services provider, has expanded its international payment 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.
The company said the approval marks a step forward in its plans to expand cross-borderpayment services in the region to payment companies, banks and global marketplaces. The company plans to tap into its parent firms infrastructure for both direct and indirect access to global clearing systems.
The Interledger Foundation , an organization building and advocating for an open, interoperable paymentnetwork, 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.
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.
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.
OwlTing Group (“Company”), a global blockchain fintech company, today announced plans to implement Visa Direct solutions under a global agreement with Visa, a world leader in digital payments to provide real-time cross-borderpayments for individual and business customers.
Sam Coyne, CMO Europe at Currenxie, has spent a decade in Asia in B2B technology companies in a variety of sectors, and has held regional and global roles. Here, he provides insights on cost-effective cross-borderpayment strategies for businesses.
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.
Thunes , the FinTech startup which operates a globalcross-borderpaymentsnetwork for emerging economies, announced Tuesday (Sept. The cash will be used to hire more staff and expand its product offering, including business payments and collections from emerging markets.
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.
According to the latest Smarter Payments Tracker , globalpayment usage is at an all-time high. So, why do cross-borderpayments present so many challenges? Mastercard has instead purchased cross-border transaction providers to expand its paymentsnetworks and offer similar solutions.
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 paymentsnetwork, offering lower costs and transparent international payments. “
PNC Treasury Management joined the Ripple cross-borderpaymentsnetwork 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.
Founded in the UK in 2017, Paysend has evolved from a cross-border money transfer startup into a leading global fintech company with a clear mission: to simplify money transfer for all by building the worlds largest open, instant digital paymentsnetwork.
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?
With access to more than 95 per cent of the worlds banked population, Rajnish Kumar , co-founder and CEO of Instapay Technologies, commented: This collaboration enables us to leverage Mastercards vast globalpaymentnetwork and cross-border transfer expertise.
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.
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?
In this week’s look at payment rails innovation, PYMNTS finds a slew of new markets around the world adopting entirely new paymentnetworks that can support their demand for real-time transactions. UAE Taps Ripple For GlobalPayments. Qatar Embraces SWIFT gpi.
In today’s top news, B2B cross-borderpaymentsnetwork Thunes raised $60 million, and Klarna debuted a redesigned app for its U.K. B2B Cross-BorderPaymentsNetwork Thunes Raises $60M. Plus, Epic Games has again asked a California judge to reinstate Fortnite to Apple’s devices.
Visa, a digital paymentnetwork, has acquired Currencycloud , a cloud-based solution for cross-borderpayments. Visa: California-based Visa is a globalpayments technology firm that enables digital currency transactions across 200 countries for governments, businesses, and banks. Want the full post?
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.
Thunes , a global money movement innovator, today welcomes LianLian Global , a leading Chinese e-commerce cross-borderpayment service provider, to the Thunes GlobalNetwork. ” The post Thunes Powers LianLian Global’s New Payment Service appeared first on Fintech Finance.
Together, the two companies aim to empower customers with a wider range of fast, secure and cost-effective cross-borderpayment solutions. This partnership reflects our shared vision of empowering businesses and consumers worldwide with innovative payment solutions.”
Digital currencies could render the SWIFT globalpaymentsnetwork unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). SWIFT currently expedites cross-borderpayments for 11,000 banks across more than 200 countries.
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