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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-timepayments to 15 billion Mastercard, Visa, and UnionPay cards worldwide. said Floris de Kort, CEO of Thunes. said Chloe Mayenobe, President and COO of Thunes.
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.
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.
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.
As real-timepayments take off, set to make up one in three transactions worldwide by 2030, a new whitepaper from RS2, a globalpayments technology provider, warns the industry is falling behind where it matters most: fee settlement.
Emerging trends such as cross-borderpayment systems and open banking initiatives are breaking down traditional barriers, fostering greater connectivity and efficiency in Asias financial landscape. In Southeast Asia, digital payment transactions are projected to exceed US$1 trillion by 2025. billion in 2022 to 96.2
. “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.”
By leveraging the new regulatory approvals, Thunes gains the ability to contract directly with American businesses for real-timecross-borderpayments, via its Direct Global Network, connecting to over 7 billion mobile wallets and bank accounts as well as 15 billion cards in over 130 countries and 80 currencies.
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?
Transcard has successfully launched its first Canadian customer, Xodus Travel Services , leveraging the innovative SMART Suite for payment orchestration and adopting an enhanced digital payment experience. The Canadian expansion includes local payment rails and supports Canadian French across solutions.
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.
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?
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.
Legacy systems are increasingly unreliable, expensive to maintain, and resistant to modern payment innovations. Enhance cross-borderpayments by integrating an always-on solution directly and locally with regional and globalpayment networks, ensuring compliance with constantly evolving regulatory standards.
The rise of Real-TimePayments (RTP) However, that dominance is no longer guaranteed. A quiet revolution is underway, and it’s being led by Real-TimePayments (RTP) - systems that enable the instant transfer of funds between bank accounts, 24/7, with settlement occurring within seconds. I don’t believe so.
The payments landscape is evolving with digital assets, real-time transactions, and new regulationsbusinesses must adapt to stay efficient and compliant. The payments industry is undergoing a profound transformation. These innovations offer businesses and consumers a way to move money faster, cheaper, and more securely.
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. per cent increase compared to January 2024.
billion Nium is a globalpayments platform that makes cross-border money transfers easier for businesses and financial institutions. Using real-timepayment technology, Nium helps companies speed up international transactions, simplify operations, and scale. Nium Valuation: $1.4 Coda Valuation: $2.5
Smart Transact by HSBC equips businesses with the core capabilities they require to grow abroad including a current account, domestic and cross-borderpayment capabilities. Looking to give them as much support as possible, HSBC, the UK bank, has launched a new solution: Smart Transact. It also equips them with HSBCnet.
More information on the Zūm Rails x Western Union Canada partnership With the overall rise of real-timepayments and other digital experiences, clients and users have become accustomed to sending and receiving money in a fast and secure manner.
Businesses can manage their transactions through a simplified, streamlined and flexible payments service delivered through a single platform, and access a comprehensive suite of HSBC services which provide the core capabilities they require to grow internationally – a current account, domestic and crossborderpayment capability and HSBCnet.
Dima Kats, CEO and founder of Clear Junction, a provider of cross-borderpayments for regulated financial institutions, sees it as a predictable step in line with the UKs National Payments Vision (NPV), which had already signalled major regulatory restructuring. The UK has long positioned itself as a fintech powerhouse.
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.
The shift will allow banks around the world to communicate, share data and operate by the same rules for cross-borderpayments, said Elias Ghanem, the global head of consulting firm Capgemini’s Research Institute for Financial Services. Mainly, it could mean delays for some payments, he said. Regional U.S.
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-timepayments to recipients in Canada.
Nium, a globalpayments infrastructure provider, announced that financial institutions can now connect to its real-timepayments network 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.
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.
Nium , the leading global infrastructure for real-timecross-borderpayments, today announced a partnership with Ecobank Transnational Incorporated., Ecobank is a critical financial partner in sub-Saharan Africa.
Nium , the global leader in real-timecross-borderpayments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. Nium has been present in the region dating back to 2017.
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.
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?
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 realtime via RippleNet , the firms noted, providing a boost to corporate payees’ cash flows.
In addition, Emirates NBD is looking to serve as a participating bank for major foreign currencies, in a move that bolsters its client offerings to provide real-timepayments. The post Emirates NBD Takes the Lead in Redefining Cross-BorderPayments in Partnership with Partior appeared first on FF News | Fintech Finance.
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.
The globalpayments ecosystem’s path to faster and real-timepayments ubiquity is an evolution, not a revolution. That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same.
Conduit , a leading cross-borderpayments platform powered by stablecoins, announced today it closed a $36 million Series A funding round. To date, Conduit has saved clients over 60,000 hours in settlement times and generated fee savings worth over $55 million. .
After tests with several banks that established Swift's ability to connect its GlobalPayments Initiative faster payments rail to domestic networks, the financial and messaging standards organization is activating the service in the U.K.
As the need for speed increases worldwide, banks and other financial players are adapting payments to work smarter — not harder. As transaction times grow tighter and cover more distance, several companies are looking to add solutions for cross-borderpayments that still satisfy regulatory requirements.
Goldman Sachs’ capabilities for cross-borderpayments and tech-savvy achievements that simplify payments as reasons why SAP is also getting something out of the deal. In addition, the deal will allow better reconciliation of payments with the matching invoices. The Ariba Network has more than 4.6
Nium, the leading global infrastructure for real-timecross-borderpayments, today announced the launch of Nium Verify , a real-time bank account verification solution for businesses and individual accounts, available across 50 markets.
Mastercard launched Move Commercial Payments , a real-timecross-borderpayments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. with Lloyds Banking Group and UBS.
Through the partnership, banks can use Partior’s network to access Nium’s globalpayments infrastructure without needing additional API integration, offering seamless real-time transactions. The company’s global infrastructure for real-timecross-borderpayments supports 100 currencies across 220+ markets. .
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