Fintech Finance

JANUARY 8, 2025

1 B2B Cross-Border Trade Payment Platform , was granted the Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS). This significant milestone strengthens XTransfer’s leading position in the B2B cross-border payments industry.

Authorization 105

Authorization Cross-Border Cross-Border Payments Regulatory Compliance 105

Fintech News

JUNE 12, 2024

Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. The G20 Roadmap for Enhancing Cross-border Payments of the Financial Stability Board (FSB) also lists them as a key priority for enhancing such payments.

Cross-Border Payments 122

Cross-Border Payments Cross-Border Interoperability Payments 122

Fintech News

MARCH 23, 2025

BC Payments, a Singapore-based subsidiary of Luxembourg-licensed bank Banking Circle , has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. Banking Circle is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.

Cross-Border Payments 75

Cross-Border Payments Cross-Border Multi-Currency Payments 75

Fintech News

NOVEMBER 20, 2024

Cross-border payment firm XTransfer is leveraging its success in China to fuel an ambitious global expansion plan. Bill Deng “In Singapore, we have received in-principle approval for a major payment institution (MPI) license, and we will have the full license soon. XTransfer was founded to address these gaps.

Cross-Border Payments 131

Cross-Border Payments Cross-Border B2B Due Diligence 131

Fintech Finance

JANUARY 31, 2025

AstroPay , a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted Payment Institution (PI) license issued by the Central Bank of Brazil. The companys streamlined approach to cross-border payments delivers substantial savings for users.

Payments Institute 59

Payments Institute Cross-Border Continuity Cross-Border Payments 59

Fintech News

JUNE 11, 2024

Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. These have since gone live and new features like payment, and foreign currency exchange are currently in the works.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Payment APIs and Integration Payments 117

The Fintech Times

JANUARY 10, 2025

dLocal , a payment platform connecting merchants to emerging markets born out of Uruguay, has secured the UK Authorised Payment Institution (API) licence from the Financial Conduct Authority (FCA). With the licence, dLocal can now offer a comprehensive suite of regulated payment solutions to UK-based merchants.

Payments Institute 59

Payments Institute Security Alternative Payment Methods Cross-Border Payments 59

Fintech News

FEBRUARY 7, 2024

With a highly skilled international workforce, long-established support for innovation and a well-developed reputation as a global finance hub, cross-border payments in Singapore have the makings of a global hub. These figures emphasize the high focus on cross-border payments in the domestic payment market.

Cross-Border Payments 109

Cross-Border Payments Cross-Border Payments B2B 109

Fintech Finance

NOVEMBER 4, 2024

Wise, the global technology company building the best way to move and manage the world’s money has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus.

Instant Payments 98

Instant Payments Settlement Accounts Cross-Border Payments 98

The Fintech Times

MARCH 6, 2024

Currencycloud, a Visa solution, is granted preliminary approval for a major payment licence from the Monetary Authority of Singapore (MAS). Rohit Narang , managing director of APAC, Currencycloud said: “The IPA for a Major Payment Institution Licence is testament to the strength of the Currencycloud brand.

Cross-Border Payments 97

Cross-Border Payments Cross-Border Facilitators Multi-Currency 97

The Payments Association

MARCH 19, 2024

TerraPay, a company specialising in global cross-border payments, has recently been granted a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). This development is part of […] Read more

Payments Institute 88

Payments Institute Authorization Cross-Border Payments Cross-Border 88

The Payments Association

JANUARY 13, 2025

Decoding the FCA's safeguarding reforms: Practical steps for payments and E-money firms January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance.

Compliance 88

Compliance Audit Legal Reconciliation 88

Finovate

JANUARY 17, 2025

Belvo and JP Morgan Partner to Enhance Recurring Payments in Mexico A strategic collaboration between Latin American open finance platform Belvo and J.P. Morgan Payments aims to automate and streamline the management of recurring payments via direct debit. Morgan Payments said. “This alliance with J.P.

Cross-Border 64

Cross-Border Cross-Border Payments Payments Acquirers 64

The Fintech Times

DECEMBER 3, 2024

dtcpay , the licensed payment service provider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) payment services.

Stablecoins 69

Stablecoins Cross-Border Payments Cross-Border Cryptocurrency 69

Fintech Finance

AUGUST 12, 2024

Nium , the global leader in real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. Nium has been present in the region dating back to 2017.

Real Time Payments 98

Real Time Payments Cross-Border Payments Cross-Border Central Bank 98

Fintech Finance

JUNE 3, 2025

TerraPay , a global leader in digital cross-border payments, today announced that it has been granted a Class B license by Bank Negara Malaysia (BNM). This will enable partners to scale their cross-border offerings with confidence, while ensuring compliance with Malaysias regulatory standards.

Cross-Border Payments 52

Cross-Border Payments Cross-Border APACS Financial Inclusion 52

Fintech Finance

MARCH 20, 2025

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 international payments.

International Payments 59

International Payments Cross-Border Multi-Currency Cross-Border Payments 59

The Fintech Times

FEBRUARY 8, 2025

Tuma Ventures Limited, the payments company regulated by the Financial Conduct Authority (FCA), has now secured approval as a licensed Payment System Provider (PSP) from the Bank of Tanzania. It says these solutions aim to advance financial inclusion and foster economic development.

Security 59

Security Cross-Border Financial Inclusion Cross-Border Payments 59

Fintech News

MARCH 5, 2024

Currencycloud, a provider of B2B embedded cross-border solutions, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The post Currencycloud Gets In-Principle Approval for Payments License From MAS appeared first on Fintech Singapore.

Cross-Border 109

Cross-Border Cross-Border Payments APACS Payments Institute 109

Fintech Finance

OCTOBER 21, 2024

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-Border 98

Cross-Border Global Payments Cross-Border Payments Multi-Currency 98

Fintech News

APRIL 7, 2024

Payments infrastructure company TerraPay has been awarded a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). This expansion is aimed at meeting the increasing demands for efficient and transparent payment solutions in the region and beyond.

Cross-Border Payments 109

Cross-Border Payments Cross-Border Payments Authorization 109

Fintech News

DECEMBER 13, 2023

Singaporean payment institution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-border payment efficiency between Asia and the Middle East and North Africa (MENA) region. ” said Michael Chan, CEO of Zand.

Cross-Border Payments 130

Cross-Border Payments Cross-Border Central Bank Gateways 130

Finovate

OCTOBER 18, 2024

Emerge’s technology simplifies expense tracking, enables the creation of debit cards — including an unlimited number of virtual cards — and allows users to make and receive payments with a New Zealand business banking account backed by ANZ. PXP Financial teamed up with Latin American payments platform Kushki.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Advisors Payments 59

Fintech News

APRIL 10, 2024

Canadian payments firm Nuvei Corporation has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. It also provides another validation of our steadfast commitment to optimising the payment experience for businesses and consumers throughout this critically important region.”

Cross-Border 117

Cross-Border Security APACS Alternative Payment Methods 117

Fintech Review

OCTOBER 7, 2024

Unlocking Global Cross-Border Payment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Stablecoins Financial Inclusion 52

Finovate

JANUARY 10, 2025

The company will leverage the new capital to help accelerate the expansion of unified payment access in Asia. ” Founded in 2021, NomuPay offers state-of-the-art, unified payment solutions to help businesses scale in high-growth regions in Europe, Asia, and the Middle East. ’s FCA.

Innovation 64

Innovation Cross-Border Payments Payments Cross-Border 64

Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). XREX Pay will accommodate transactions in Singapore Dollar (SGD) and U.S.

Cross-Border 113

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 113

Fintech Finance

JANUARY 15, 2025

Airwallex announced several milestones in its global expansion strategy: securing a payment institution 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.

Cross-Border 97

Cross-Border Cross-Border Payments Payments Institute B2B 97

Fintech News

FEBRUARY 19, 2024

The conversation delved into the transformation journey of Currencycloud into Visa Cross-Border Solutions , a foreign exchange and cross-border payments solution within Visa, and how it addresses the challenges of cross-border payments in today’s fintech landscape.

Cross-Border 117

Cross-Border Cross-Border Payments Multi-Currency Payment APIs and Integration 117

Fintech News

APRIL 22, 2024

Singapore-based fintech startup Qashier has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval positions Qashier to provide merchant acquisition services along with domestic and cross-border money transfer capabilities.

Cross-Border 109

Cross-Border Cross-Border Payments Payments Payments Institute 109

Finextra

JANUARY 8, 2025

Latin American cross-border payments platform dLocal is expanding in the UK after securing an authorised payment institution licence from the FCA.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Payments Institute Payments 69

Fintech News

MAY 21, 2024

Alchemy Pay, a provider of fiat-crypto payment solutions, is preparing to launch its Web 3.0 Inspired by Ripple’s cross-border payment model, the Web 3.0 digital bank addresses significant challenges in managing cross-border payments and fiat-crypto transactions. digital bank.

Web 3.0 109

Web 3.0 Cross-Border Payments Cross-Border Alternative Payment Methods 109

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms).

Rules 88

Rules Payments Institute Authorization Reconciliation 88

Fintech Finance

APRIL 24, 2024

Singapore-based fintech startup Qashier announced today that the company has been awarded in-principle approval by the Monetary Authority of Singapore (MAS) for a major payment institution licence to offer merchant acquisition services, and domestic and cross-border money transfer services.

Payments Institute 52

Payments Institute Cross-Border Cross-Border Payments Payments 52

Fintech News

AUGUST 12, 2024

Global payments company Nium is enhancing its presence in Latin America, with a focus on expanding its operations in Brazil. The company has recently applied for a Payment Institution License in Brazil, which will allow it to offer payment services, including managing funds in BRL and facilitating real-time payments through the Pix system.

Cross-Border 109

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 109

Fintech Finance

NOVEMBER 27, 2024

BlindPay platform has found a significant opportunity to empower Web3 companies and encourage those in Web2 to easily evolve, thanks to its API interface that enables connections and supports cross border payments by using the technology of Bitso Business —Bitso’s B2B unit that provides the infrastructure for the future of cross-border payments—.

Cross-Border 96

Cross-Border Cross-Border Payments Technology B2B 96

Finovate

MARCH 7, 2024

Currencycloud was offered In-Principle Approval to serve as a Major Payment Institution license holder in Singapore. based company to process intra-Asia and east-to-west payments more quickly, efficiently, and seamlessly. ” Founded in 2012, Currencycloud facilitates cross-border, multi-currency transactions.

Multi-Currency 97

Multi-Currency Cross-Border APACS Cross-Border Payments 97