Remove Cross-Border Payments Remove Wire Transfer Remove Wires
article thumbnail

HSBC Bolsters Cross-Border Payment Capabilities in Partnership With Dandelion

The Fintech Times

Following its collaboration with Dandelion, HSBC now offers fee-free transfers to over 100 destinations in more than 60 currencies, providing a seamless, real-time payment experience that bypasses the traditional correspondent banking model. Reliance on multiple intermediaries often led to high costs and longer processing times.

article thumbnail

Thunes Launches New Global Business Payments Service

Fintech News

Businesses can also process US dollar wire transfers to more than 170 countries and make payments in over 30 currencies, including USD, EUR, and CNY. This includes major markets such as Brazil, Canada, Mainland China, Hong Kong, India, Mexico, Singapore, the UK, and across Europe.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

MariBank Launches MariBank Overseas Transfers: Supporting SME Cross Border Payments

The Fintech Times

MariBank is currently offering zero transfer fees on a promotional basis for all currencies and destinations with competitive exchange rates. The digital bank also delivers a solution for sending Chinese Yuan (CNY) to Mainland China via Alipay , UnionPay , and wire transfers.

article thumbnail

Lili Launches International Payments

Fintech Finance

Lili , the financial platform designed for small business owners, today announced the launch of international wire payments in 27 countries, empowering small business owners to grow beyond borders. According to FXC Intelligence, the cross-border payments industry reached a market size of $190.1

article thumbnail

2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

While still niche, these options could play a larger role in cross-border payments, with stablecoins providing a more stable digital currency alternative. Cryptocurrencies and Stablecoins : Cryptocurrencies and stablecoins are expected to see greater adoption as transaction fees decrease and regulatory clarity improves.

article thumbnail

UniCredit Teams up With Wise to Integrate Foreign-Currency Payments Into Mobile Banking App

The Fintech Times

Pan-European commercial bank UniCredit has joined forces with global cross-border payments company Wise to launch a new international payment service for Italian retail customers. Through its new service, UniCredit is enabling fast and simple international transfers from euros into several foreign currencies.

article thumbnail

The Top Payment Methods For Small Businesses

Stax

An ACH transfer is an electronic movement of funds from one bank account to another via the ACH (automated clearing house) network, while a wire transfer uses a secure network like SWIFT (Society for Worldwide Interbank Financial Telecommunication) or Fedwire (Federal Reserve Wire Network) to initiate the movement of funds.