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Moreover, Pix offers lower fees compared to traditional payment methods, with no risk of chargebacks, helping merchants reduce operating costs. In 2025, PagBrasil received authorisation from the Central Bank of Brazil to operate as a paymentinstitution (PI) in the electronic money issuer category.
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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.
The conversation delved into the transformation journey of Currencycloud into Visa Cross-Border Solutions , a foreign exchange and cross-borderpayments solution within Visa, and how it addresses the challenges of cross-borderpayments in today’s fintech landscape.
TerraPay , a global leader in digital cross-borderpayments, today announced that it has been granted a Class B license by Bank Negara Malaysia (BNM). This milestone further strengthens TerraPays global regulatory footprint and underscores its mission to simplify global payments for everyone, everywhere.
trillion in cross-borderpayments, the APAC region is poised to benefit significantly from the surge in cross-border money movement. In addition, systems should be optimised for high-volume and low-value payments that often characterise todays cross-borderpayments.
Cloud-based and modular architectures simplify integration, enhance innovation, and reduce complexity, empowering paymentinstitutions to stay competitive in an evolving landscape. For instance, the UK and Europe, despite having long-established real-time payment systems, still face challenges in realising their full potential.
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