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FXC Intelligence, a data platform specializing in the cross-borderpayment and e-commerce sectors, has released its annual selection of the world’s most promising cross-borderpayments companies in 2024. One of Singapore’s entries is Partior. Another company from Singapore featured on the list is Tazapay.
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 global payments. The company is currently valued at US$5.5 billion, according to CB Insights.
Aspire has partnered with fintech infrastructure provider Episode Six to introduce a multi-currency corporate card for small and medium-sized businesses (SMBs) in Singapore and Hong Kong. The new card is aimed at helping Aspires 50,000 SMB customers manage cross-borderpayments more efficiently.
Waza , a B2B payment provider for emerging market businesses, has announced the launch of Lync, its new multi-currency account platform that combines market-leading foreign exchange (FX) liquidity solutions with a cutting-edge banking experience to power a new age of global trade for emerging market businesses incorporated in the US, UK or EU.
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-borderpayments smoothly and efficiently. As global online shopping grows rapidly, consumers expect seamless payment experiences. Canadian merchants selling in the U.S.
Langbridge joined from Currencycloud where she played a key role in transforming the company from a UK-centric startup into a global cross-borderpayments company. Prior to joining Wise Platform, Sandhofer built out the European Commercial function at Nium and held senior roles at Payoneer and UniCredit.
Spendesk , the leading spend management and procurement platform for mid-market companies, today announces its partnership with Wise Platform , Wise’s global payments 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.
YouTrip, a Singapore-based multi-currency digital wallet, has launched a new service enabling users to send money internationally. The feature allows transfers in local currencies to more than 40 countries via bank transfers and instant payment methods like DuitNow, GCash, and UPI in select countries.
Global technology company Wise has launched in Mexico as part of its growth plans in the Americas, following an earlier expansion in Brazil, and its goal of enhancing crossborderpayments. The new service is designed for Mexican nationals who need to send money abroad, enabling a simple method for international money transfers.
Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-borderpayments market. The cross-borderpayment was completed using the Central Bank of the UAE’s (CBUAE) mBridge platform and marks a significant step forward in the internationalpayments market.
Airwallex , a leading global payments 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. McLaren Racing now has the flexibility to pay each global vendor in their local currency while reducing transfer times.
Over the past year Wise Platform , Wise’s global payments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint.
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.
Payoneer has quietly built one of the most robust and widely used financial platforms for cross-borderpayments. Founded in 2005, the company now serves over five million users in more than 190 countries, facilitating transactions in over 150 currencies. Its an embedded , multi-rail solution for global digital commerce.
Global bank Standard Chartered unveiled this week that it has teamed up with cross-borderpayments fintech Wise (formerly TransferWise). The bank has selected Wise Platform , Wise’s global payments infrastructure for banks, to power internationalpayments for SC Remit , Standard Chartered’s cross-borderpayment service.
International businesses face significant challenges when managing payments across borders. In addition to navigating multi-country operations and handling diverse currencies for payments and receipts, they must also address foreign exchange (FX) riskor exchange rate risk. process inefficiencies).
AstroPays multicurrency wallet is aiming to redefine cross-borderpayments with real-time conversion at the best rates eliminating hidden fees, long waits, and outdated banking barriers.
Millions of people across Latin America remote workers, business owners, and travelers need a better way to move money across borders. AstroPays multicurrency wallet is redefining cross-borderpayments with real-time conversion at the best rates eliminating hidden fees, long waits, and outdated banking barriers.
The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. This type of partnership is part of our DNA at Western Union Business Solutions," he said in the release. "We
Cross-Border and International Transactions For small businesses looking to expand internationally with cross-borderpayments , payment processing comes with additional challenges and costs: Currency Conversion Fees Banks and payment processors typically charge 1-3% to convert foreign currencies.
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. Can any risks be mitigated pro-actively?
Wise Platform provides banks, financial institutions and global enterprises around the world with the capabilities, technology and network to enable fast, secure and cost-effective internationalpayments for their customers.
This collaboration aims to optimize payment capabilities for Tech Mahindra’s innovative crowdsourcing platform, Populii, and revolutionize the way businesses engage with the global crowdsourcing industry and manage financial transactions. The pandemic has reshaped the talent landscape, blurring traditional job boundaries.
Those numbers allow payments to be routed to regular bank accounts, but with platforms such as on offer by Monneo give online enterprises a single access point to obtain IBANs on offer from a collection of European banks. Discussing flexibility, she said businesses can get access, through virtual IBAN, to many payment types.
Treezor Enables card issuance, bank accounts, payment processing, and lending via a unified API layer. Best for : Platforms requiring multi-product financial offerings. Best for : Fintechs needing access to UK payments rails like FPS, BACS, and CHAPS. Best for : Startups and enterprises already using Stripe for payments.
One pivotal tool that facilitates this global reach is the international merchant account. These accounts, tailored for cross-border transactions , enable businesses to accept payments in various currencies and broaden their customer base globally.
As the subscription model becomes increasingly prevalent across industries, payment processors are focused on enhancing the flexibility and reliability of their recurring payment solutions, ensuring they can meet the evolving needs of businesses and consumers alike.
Worldline partners with BOCHK Internationalpayment services company Worldline has forged a partnership with the Bank of China (Hong Kong), also known as BOCHK. The technology supports Mastercard’s multi-currency card, and provides an infrastructure that accelerates time-to-market and deployment of new products and services.
“As the year has progressed, we are starting to see the shoots of recovery, and growing interest in forward-currency contracts acts as a leading indicator of the level of international trade on the horizon,” he recently told PYMNTS. Beyond Payments Initiation. Open banking and PSD2 initiatives in the U.K.
The Visa partnership offers users secure, cross-borderpayments in multiple currencies while taking advantage of Airwallex’s competitive foreign exchange rates. Starting now, Australian Airwallex users can distribute virtual payment cards in multiple currencies to pay suppliers instantly. .
IFX Payments’ performance comes against a backdrop of a large growth in internationalpayments and a surge in demand for solutions to manage them, such as its flagship ibanq platform. This record financial year is a testament to the hard work and dedication of the IFX Payments team.
Currencycloud, the experts in simplifying business in a multi-currency world, has partnered with BriskPe , the Mumbai-based cross-borderpayments Fintech, to expand BriskPe’s customers’ payment options.
Indeed, as recent PYMNTS research has shown , many countries around the world are rolling out instant payment schemes that bring speed and convenience to payments made within their own borders. Cross-BorderPayments. That might include insurance or multi-currency travel cards.
Under the agreement, Visa’s customers and banking and FinTech partners will have the option to use Currencycloud’s cloud-based payments platform to provide in-demand services, including multi-currency wallets and real-time notifications on foreign exchange transactions.
The partnership with Currencycloud enables multifi to enhance its service by providing its SMB clients with an efficient international foreign exchange payment solution where they can payout locally to more than 180 countries. They now have a convenient and cost-effective way to pay their international suppliers.”
World First is launching a cross-borderpayments platform for SMEs. company said Tuesday (May 9) that it is rolling out its World Account solution, an internationalpayments platform for B2B payments developed for smaller businesses. The platform supports outbound and inbound payments, the announcement said.
Multi-currency account provider Centtrip is introducing a way for corporates to make and receive faster cross-borderpayments. based company, which provides global payments, foreign exchange (FX) and banking services, announced its real-time payments solution on Wednesday (April 18).
The payments industry is undergoing a profound transformation, driven by technological advancements and shifting market dynamics. With real-time global payment networks spanning hundreds of currencies and numerous countries, the sector is poised for significant changes. Forrester’s Jacob Morgan and I agree on this one.
It provides cash management products such as a multi-currency wallet, virtual accounts and cross-borderpayments, among others. There are inefficiencies when it comes to making internationalpayments here in Indonesia.”.
On the whole, small firms are less likely to use currency management tools. However, solutions like hedging and options aren’t the only tools available for companies to manage cross-borderpayment risks. “Others offer types of payment platforms like the Ripples and IBMs of this world.”
Toronto’s Remitr , which works in business payments, has launched a new solution for setting up internationalpayments in a quicker, more efficient manner, according to a press release. Using Remitr’s Global Business Accounts (GBA), small- to medium-sized businesses (SMBs) in Canada can access unique accounts in U.S.
Meanwhile, from eCommerce to financial services, to healthcare and education, new payment solutions are introducing a series of disruptions to the cross-borderpayment space. Swedish eCommerce payment provider Klarna recently expanded into 10 global markets, including the U.S. and the U.K.,
The final day of Money20/20 Europe 2024 boasted a number of funding-focused discussions, as well as insights into Zing – HSBC’s multi-currency app and debit card. This allowed us to craft an offensive play in the internationalpayments, payments market.”
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