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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.
Cross-borderpayments are the fundamental infrastructure that facilitates the flow of money within an increasingly interconnected global economy, underpinning commerce between individuals, businesses, and governments worldwide. Similarly, South Korea’s instant RTGS-based systems facilitate secure, fast settlements.
Morgan Stanley has partnered with Wise Platform to enhance its cross-borderpayment capabilities for corporate and institutional clients. The collaboration makes Morgan Stanley the first investment bank to offer foreign exchange internationalsettlements through Wises infrastructure.
Bitso Business the B2B arm of Bitso that provides the infrastructure for the future of cross-borderpayments releases its 2024 results. The global cross-borderpayments market, currently valued at $44 trillion, is projected to reach $65 trillion by 2030. trillion by 2030.
As the creators of Nigeria’s largest price discovery engine, Naira Rates , Juicyway facilitates remittances and provides access to FX through various payment channels. It offers multicurrency accounts and access to a liquidity pool for local and internationalpayments at competitive rates.
The Bank for InternationalSettlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. We are optimistic about the potential of these early results to enhance crossborderpayments.”
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-borderpayments smoothly and efficiently. Multiple payment options : As mentioned, localizing payment options builds customer trust and satisfaction.
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?
Morgan Stanley is teaming up with Wise to bring faster and smoother cross-borderpayments to its corporate clients, making it the first investment bank to integrate Wises global payments platform.
Now, with Borderless Banking, firms can access local accounts to receive payments and automate collections, facilitate internationalpayment disbursement with real-time tracking, and optimise global treasury management by ensuring the visibility of balances in all accounts.
StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has partnered with Ant International and superapp Grab to launch a new blockchain-based cross-borderpayment system. Ant International, which operates Alipay+, connects over 1.6
Community Your feed Latest expert opinions Groups Join the Community 23,479 Expert opinions 41,848 Total members 350 New members (last 30 days) 190 New opinions (last 30 days) 29,133 Total comments Join Sign in Stablecoin – CrossBorderPayment Driver?! To cover modern payments needs this has not helped.
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%.
Our new corporate card solution makes it easier for teams to handle expenses while ensuring greater transparency and efficiency, while payment acceptance allows businesses to accept payments from customers around the globe with fast, flexible settlements and a seamless checkout experience. Were excited for whats ahead.
By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time internationalpayments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.
. “Our new corporate card solution makes it easier for teams to handle expenses while ensuring greater transparency and efficiency, while payment acceptance allows businesses to accept payments from customers around the globe with fast, flexible settlements and a seamless checkout experience.
The new Mastercard SME Cross-Border Report highlights how small and medium-sized enterprises in Latin America face high costs, delays, and limited transparency in internationalpayments. o Faster settlements, even same-day or real-time in more than 150 markets.
0 30 July 2025 Be the first to comment Hussam Kamel Payments Architect Icon Solutions Location London Followers 0 Opinions 3 Follow Unfollow Global payments infrastructures have undergone a gradual but fundamental shift over the past decade: Moving away from legacy formats to adopt ISO 20022, the now de facto global standard for financial messaging.
A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-borderpayment system. This marks the initiative’s transition from a Bank for InternationalSettlements (BIS) experimental project, started in 2021, into practical implementation.
Airwallex, a global financial platform, has launched operations in New Zealand, aiming to provide local businesses with improved cross-borderpayment solutions. The company has appointed Lowry Gladwell as Associate Director to lead its New Zealand expansion, marking its first local hire.
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?
With APIs, ISO 20022 messaging, and global collaborations, real-time payments are transforming the way companies operate across borders. Waiting days or weeks for internationalpayments to clear used to be the norm. Whether its B2B payments or gig economy payouts, RTP is the future of global money movement.
The report notes how stablecoins, supported by regulatory developments, are driving advancements in digital commerce and cross-border transactions. Their price stability, especially when fiat-backed, is proving vital for remittances, settlement processes, and even everyday payments.
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.
The licence will empower Ant International’s WorldFirst—an all-in-one digital cross-borderpayment and treasury account service for global businesses—to operate in Malaysia, adding to its 60+ global licences worldwide.
. “We are pleased to work with Belvo to offer our clients in the country access to a best-in-class direct debit solution, providing higher transaction success rates, new features such as partial debit payments, and more efficient settlements,” Francisco Molina Viamonte, Head of Mexico for J.P. Morgan Payments said.
The move allows institutions using Qualy to manage incoming and outgoing international transactions directly within the software, including payments from students and remittances to education agents. Free Headlines in your E-mail Every day we send out a free e-mail with the most important headlines of the last 24 hours.
They will need to co-exist with existing clearing and settlement processes and infrastructures, and this means interoperability is crucial. The DLT network provides a highly secure and reliable platform for the exchange of the digital currency as part of clearing and settlement. The transfer volume of stablecoins hit highs of $717.1
Payments & FX Management Let’s continue the top 100 fintech tools and platforms with payments and foreign exchange (FX) management. Managing payments and FX is mission-critical for businesses operating across borders or handling multi-currency revenue streams.
By integrating our SWIFT BIC code, FV Bank is able to receive deposits through an extensive network of over 11,000 financial institutions across more than 200 countries, significantly expanding its internationalcross-borderpayments capabilities. “While many U.S. “While many U.S.
More appointments Quantum Group, the fintech and security incubator, has appointed James Radford as the CEO of Volopa, its foreign exchange, internationalpayments and expense management company. MANSA, a global fintech in cross-borderpayments, has closed a $10million funding round.
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.
Yet specifically in today’s macroeconomic and geopolitical environment, financial institutions need to understand the internationalpayments needs of the forgotten middle. This webinar discusses why new market entrants are often better at serving their SME customers than traditional financial institutions.
The Bank of England has provided a strong commitment to the international programme through the development of its new Real Time Gross Settlement System (RTGS) which sits at the heart of the UK’s national payments infrastructure. The UK is increasingly falling behind the world order in this space, with the inability of Pay.UK
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 internationalpayments 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-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.
Bank of America (BofA) is introducing a cross-borderpayment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. 10) press release. and Ireland at SWIFT. . earlier this month.
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.
Cross-borderpayments are becoming increasingly important to international economies. The G20 roadmap for enhanced cross-borderpayments aims to improve the speed, access, transparency, and cost of internationalpayments by 2030.
international transactions per capita every year, up from 0.5 So, why do cross-borderpayments present so many challenges? Some payments providers are also leveraging blockchain and distributed ledger technology (DLT) to meet these needs, expediting the cross-borderpayment process.
SWIFT announced Sunday (October 21) successful test results of its new instant cross-borderpayments proof of concept, involving banks in China, Singapore, Thailand and Australia. These results demonstrate two important prerequisites necessary to realize an instant cross-borderpayment service.
Having reflected on what the top priority is for businesses looking to enter the cross-borderpayments space, we now turn our attention to the future, and how the sector will evolve in 2024. “Supporting this effort requires rich, structured data that is channelled through a common standard. .
MANSA , a global decentralized finance (DeFi) platform that provides liquidity to cross-borderpayment companies, today announced it has surpassed $3 million in transaction volume. MANSA’s rapid growth demonstrates the importance of accessible liquidity for payment providers globally. for corporations , for example.
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