This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
With over 65 licenses globally and now six direct connections to domestic payment systems, this infrastructure enables over 63% of all Wise transactions to be completed instantly (under 20 seconds), with an average fee of 0.62%.
It has been a busy few days for the Central Bank of Brazil as it announces another company has acquired a paymentinstitution (PI) licence. With its new PI licence, AstroPay will deliver secure, compliant, and user-friendly cross-borderpayment solutions.
AstroPay , a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted PaymentInstitution (PI) license issued by the Central Bank of Brazil. The companys streamlined approach to cross-borderpayments delivers substantial savings for users.
This also builds upon Spendesk’s recent announcements of the launch of Spendesk Financial Services , Spendesk’s regulated paymentinstitution, and its pioneering Procure-to-Pay solution. Instantpayments: Leveraging Wise’s global payment infrastructure for quicker international transfers.
Wipay Another International Pix partner is Wipay, a Spanish company specialising in payment technology, which has announced the arrival of the Pix InstantPayment System in Europe. Moreover, Pix offers lower fees compared to traditional payment methods, with no risk of chargebacks, helping merchants reduce operating costs.
It offers practical, high-level analysis of what’s live, what’s coming into force, and what’s under active consultation, covering fraud liability, stablecoin oversight, instantpayments, digital operational resilience, and future developments such as the digital pound and digital euro. Implement real-time fraud and sanctions screening.
Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-borderpayment systems. The G20 Roadmap for Enhancing Cross-borderPayments of the Financial Stability Board (FSB) also lists them as a key priority for enhancing such payments.
Airwallex announced several milestones in its global expansion strategy: securing a paymentinstitution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder.
Rising Demand for Correspondent Services Wise Platform’s Correspondent Services, launched at Sibos last year in collaboration with Swift , allows partners to send and receive international payments instantly. We’re constantly improving our infrastructure to offer speed, convenience, and transparency at a scale unmatched in the industry.
Higlobe , a payment solution provider for global businesses and remote professionals, has joined forces Triple-A , the digital currency paymentinstitution, to better support remote workers in the Philippines by providing instant, free payment transfers from the United States.
Wise , the fintech focused on money transfer, has been granted direct access to the Philippines’ real-time payment system, InstaPay, enabling it to enhance the cross-borderpayment experience for around 13 million of its customers.
Looking to facilitate international businesses entry into the region, Airwallex acquired a paymentinstitution licence from the Banco Central do Brasil , and finalised the acquisition of MexPago , a Mexico-based payment service provider and an Institution of electronic payment funds (IFPE) licence-holder.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content