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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. Another company from Singapore featured on the list is Tazapay.
Global paymentsnetwork Thunes has announced a collaboration with Circle , the issuer of regulated stablecoins USDC and EURC. This partnership aims to enhance stablecoin liquidity management in cross-borderpayments. said Jeremy Allaire, Co-founder and CEO of Circle.
Mesta , a fintech platform reshaping global paymentnetworks 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 global payments and trade.
Thunes, a global payments 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.
This achievement underscores Paysend’s remarkable growth and solidifies its position in the cross-borderpayments market, which is projected to reach USD$ 60 trillion by 2030. This advancement reinforces Paysend’s position as a leader in payment technology and as the worlds largest digital paymentnetwork.
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.
Circle Internet Group announced the launch of its Circle PaymentsNetwork (CPN), a new system designed to connect financial institutions for cross-borderpayments using regulated stablecoins. The post Circle Launches Stablecoin PaymentsNetwork for Cross-Border Settlements appeared first on Fintech Singapore.
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?
Traditional payment systems, designed for human transactions, are no longer sufficient to support the lightning-fast, microscopic transactions required by AI agents. Introducing the AIsa PaymentNetwork AIsa combines the speed of the Lightning Network with the stability of multi-asset stablecoins to deliver an AI-native payment solution.
Boost Payment Solutions , a global leader in B2B payments, today announced a partnership with international payment pioneer TransferMate that is designed to address the growing demand for cross-borderpayments. based BINs to expand the reach of those programs into cross-borderpayments.
The Clearing Houses Real-Time Paymentsnetwork is ready for cross-borderpayments from a technical perspective but is waiting for U.S. adoption of the network to grow to initiate the service.
There is a growing demand for cross-borderpayments across the globe. Looking to meet this demand, B2B payments organisation, Boost Payment Solutions has partnered with international payment firm, TransferMate.
Market Size Value of cross-borderpayments is estimated to reach a minimum $ 250 trillion by 2027. Global non-cash commercial payments will grow at a CAGR of 11.3% 60% of corporate banks agree that cross-border real-time payments infrastructure brings a revenue opportunity.
Money20/20 , the global fintech show, is gearing up to return to Asia from 22 to 24 April 2025, with plans to spotlight cross-borderpayments. During this year’s show, Money20/20 plans to focus on Asias innovations, emerging paymentnetworks, and regulatory leadership that shape the payment ecosystem in the region.
Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time paymentsnetwork using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-borderpayments faster and more affordable.
This service, which has been in development since 2023 through a collaboration between the National Payment Corporation of Vietnam and the Lao National PaymentNetwork Company Limited, is already operational for Vietnamese customers in Laos.
This new feature enables PSPs, Banks, Marketplaces, FX Brokers and Freelancer/Contractor EOR Payroll Platforms to unlock $400 billion in liquidity trapped in cross-borderpayment processing. This means there is, on average, $400 billion trapped in 2-3 days’ cross-borderpayment cycles at any given time.
This new feature enables PSPs, banks, marketplaces, FX brokers and freelancer/contractor EOR payroll platforms to unlock $400 billion in liquidity trapped in cross-borderpayment processing. This means that, on average, $400 billion is trapped in 2-3 days’ worth of cross-borderpayment cycles at any given time.
This collaboration makes Nium the first fintech payment service provider to join the Partior network, unlocking new capabilities such as programmable enterprise liquidity management and Just-in-Time multi-bank payments for financial institutions.
In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-borderpayments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.
Cambridge Global Payments , a FLEETCOR company working on cross-borderpayments, has partnered with enterprise blockchain solution Ripple on a cross-borderpayment solution for B2B customers, according to a press release. This isn't Ripple's first foray into cross-borderpayments.
The programmability of value-added financial services will enable new business models and enhance the efficiency and transparency of cross-borderpayments. Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries.
The initiative, which began in late 2022, aims to make cross-borderpayments faster, more affordable, transparent, and inclusive, leveraging technologies like QR code-based and fast payment modalities to improve payment connectivity across the region.
The replacement RTGS system, slated for readiness in August 2024, makes support for ISO 20022 a prerequisite for all international payments from the SWIFT deadline. The shift in crossborderpayments is the first step in what will become a broader adoption of the ISO 20022 standard in the payments environment as a whole.
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.
(StoneX; NASDAQ: SNEX) and Bamboo Payment Systems (Bamboo) announce that StoneX Payments, a division of StoneX, and Bamboo have entered into a strategic partnership to expand cross-borderpayment offerings and coverage for global merchants. The partnership includes an undisclosed investment by StoneX.
NITMX is also actively working with other Chinese payment providers to further enhance cross-borderpayment capabilities. Expanding our QR Code paymentnetwork globally remains a key priority for us, and this initiative strengthens our commitment to providing seamless payment experiences.”
Nium , the leading global infrastructure for real-time cross-borderpayments, today announced the launch of the Diners Club International Card for its travel customers. This milestone makes Nium one of the first global card issuers in the travel space to offer cards across the four major schemes.
Banks, digital wallets and remittance businesses will now have an easier time sending money to Uzbekistan as Paysend , the digital paymentnetwork extends its cross-borderpayment facilities. Enterprise clients For enterprise clients, integration is frictionless through Paysends single Payout to Cards API.
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today jointly announced the incorporation of Singapore PaymentsNetwork (SPaN), which will administer and govern Singapore’s national payment schemes [1].
FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-borderpayment firm Associated Foreign Exchange (AFEX) to help boost its own paymentsnetwork, a press release says.
Thunes , a global money movement innovator, has now enabled hundreds of merchants in Paris to accept cross-borderpayments from 15 international e-wallets and mobile partners via Alipay+. Thunes offers Pay and Accept cross-borderpayment capabilities in over 130 countries and more than 80 currencies.
Circle has launched the Circle PaymentsNetwork (CPN) to modernize the $190 trillion cross-borderpayments market with blockchain-based, near-instant settlement. CPN enables financial institutions to securely exchange payment instructions and settle transactions using USDC on public blockchains.
MoneyGram , a leading global paymentsnetwork for consumers, businesses and communities, today announced a new partnership with Plaid , the data network powering the fintech tools millions of people rely on to lead a healthier financial life.
With TerraPay’s extensive global network spanning 7.5 Moreover, TerraPay’s global infrastructure aligns with Fabrick’s mission to support Open Finance across different domains, including cross-borderpayments. billion bank accounts, 12 billion cards and 2.4
The move enables more efficient and direct payment processes to major Taiwanese banks for both individual and business accounts. The strategic expansion is part of Thunes’ broader efforts to provide advanced payment solutions that ensure high transaction success rates and cost efficiencies globally. .
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.
Cross-borderpayment firm XTransfer and OCBC Bank have announced a partnership to provide small and medium-sized enterprises (SMEs) with enhanced financial services for international trade. The collaboration focuses on payment processing, foreign exchange, risk management, and wealth management solutions tailored to SMEs.
This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-borderpayments. With payment failures costing the global economy an estimated US$118.5 Designed for businesses and individuals, Nium Verify allows instant confirmation of bank account details before transactions.
The Interledger Foundation , an organization building and advocating for an open, interoperable paymentnetwork, 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.
Today, Citi and Mastercard announced a collaboration to offer cross-borderpayments to Mastercard debit cards in 14 receiving markets [1] worldwide, with plans for further expansion. Mastercard is one of the largest paymentnetworks, with over 3.4 domestic transfers.
Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-borderpayments, payment accounts, and e-money services. Find out how Currencycloud can help you build your payments infrastructure by speaking to one of their experts today.
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.
Despite this growth, African SMEs engaged in foreign trade face numerous challenges related to cross-borderpayments and fund collections. The partnership between XTransfer and Ecobank Group will foster collaboration between both parties to provide comprehensive cross-borderpayment solutions for African SMEs foreign trade.
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