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He emphasized the country’s successful implementation of the PromptPay system and QR code standards, which have significantly broadened access to digitalpayments while prioritizing security. The post Thai Governor Highlights Data, Cross-BorderPayment Initiatives at SFF 2024 appeared first on Fintech Singapore.
Global payments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-borderpayment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets.
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.
Ant International has joined Swift ‘s “Network Interoperability Reference Implementation” programme, a pre-pilot initiative designed to improve cross-borderpayment experiences.
Singapore-based digitalpayments firm dtcpay has integrated its platform with Mastercard Move. The tie-up opens access to more than 49 payment corridors for transfers originating in Singapore. This gives customers access to the card network’s global money-movement infrastructure starting this month.
UPI is revolutionising cross-borderpayments, expanding Indias digitalpayment 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 digitalpayments landscape.
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 digitalpayment network.
Mesta , a fintech platform reshaping global payment networks 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.
By leveraging innovative stablecoin technology, theyre leapfrogging outdated infrastructure to create a seamless, efficient, and inclusive cross-borderpayment system that reshapes how Africans connect with the global economy. We couldn’t be more excited to support their journey! In 2023, Africa received an estimated $90.2
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 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.
Deutsche Bank and Ant International have announced their strategic partnership to provide more comprehensive payment solutions for businesses of all sizes in Europe and Asia, by combining their expertise and leveraging Ant International’s proprietary tokenisation and AI-based FX technology.
Centiglobe , a leading fintech company specializing in cross-borderpayment infrastructure solutions, today announces a new collaboration with Mastercard Move – Mastercard’s portfolio of global money movement solutions. Unlike traditional cross-borderpayment models, Centiglobe does not charge per transaction.
Through its new expansion plans, Runa will enable its business customers to sendinstant, domestic and cross-border payouts to consumer recipients in India, dramatically reducing the traditional barriers of cost and complexity. With the Indian market growing by 15.3
dLocal , the leading cross-borderpayment platform specializing in emerging markets, today announced its partnership with Juspay , a leading payments orchestration and infrastructure provider powering global enterprises and banks.
KCB and Bank of Kigali customers will now be able to send and receive cross-borderpayments using PAPSS. The service is fully operational and accessible via the banks mobile applications and branch networks, enabling seamless transactions across African borders. This service is fast, affordable, and reliable.
International payments app Zing, and global digitalpayments provider, Checkout.com , today announced a partnership to support the launch of a new suite of alternative payment methods integrated into Zing’s app.
From Jakarta to Singapore, mobile wallet providers have built one-stop shops for payments, enabled by high smartphone penetration combined with limited innovation from traditional institutions, creating the perfect conditions for digitalpayment solutions to flourish.
Banks, digital wallets and remittance businesses will now have an easier time sending money to Uzbekistan as Paysend , the digitalpayment network extends its cross-borderpayment facilities. Enterprise clients For enterprise clients, integration is frictionless through Paysends single Payout to Cards API.
Subsequently, Thai tourists will be able to use UnionPay QR codes for payments within China. The agreement, formalised through a signing ceremony attended by financial sector officials from both nations, seeks to streamline digitalpayment for travelers between China and Thailand.
Over three million migrant workers living in Malaysia will now be able to remit funds to their home countries in local currencies in near real-time, following a new partnership between Instapay Technologies , the digitalpayment platform, and payment juggernaut, Mastercard.
This update for real-time cross-borderpayments makes it easier for people, especially migrant workers and students, to send and receive money between the two countries safely and easily. The post NPCI International Expands UPI-PayNow Linkage to Drive Cross-Border Remittances appeared first on FF News | Fintech Finance.
How PSD3 and PSR will shape trends in EU financial services Cross-borderpayment regulations and harmonization in the EU ESG in focus. How blockchain technology is shaping cross-borderpayments. 10 % discount with promocode: Partner Video highlights from Baltic Payment Forum 2024.
Emerging trends such as cross-borderpayment systems and open banking initiatives are breaking down traditional barriers, fostering greater connectivity and efficiency in Asias financial landscape. In Southeast Asia, digitalpayment transactions are projected to exceed US$1 trillion by 2025. billion in 2022 to 96.2
“AFAQ” is set to transform how users engage with digitalpayments. Weyay Bank, through the new AFAQ service, not only does meet the evolving needs of its customers, but it also shapes the future of cross-borderpayments within the GCC.
Deutsche Bank and Ant International have entered a strategic partnership aimed at enhancing cross-borderpayment services for businesses of all sizes in Europe and Asia. The agreement combines Deutsche Bank’s global network with Ant International’s digitalpayment technologies.
With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digitalpayment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance. billion user accounts.
PayPal , a global digitalpayments and commerce platform, today announced a strategic partnership with TerraPay , a leading global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. According to Mordor Intelligence, the MENA digitalpayments market is estimated at $251.34
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-borderpayments smoothly and efficiently. Fraud Prevention and Security Cross-border transactions have higher fraud risks than domestic payments.
In March 2025, Qatar National Bank (QNB) began leveraging Kinexys DigitalPayments (KDP) as its blockchain payment system for USD corporate flows. Through the relationship, QNB can address the complex challenges in the industry for commercial settlements, such as cross-borderpayments and liquidity funding needs.
With APIs, ISO 20022 messaging, and global collaborations, real-time payments are transforming the way companies operate across borders. Waiting days or weeks for international payments to clear used to be the norm. Cross-border transactions were traditionally slow, costly, and opaque.
Payall Payment Systems , the world’s first provider of end-to-end infrastructure that enables financial institutions to offer institutional-grade, safe, fast, low-cost, transparent and inclusive cross-borderpayments for B2X, P2X and G2X use-cases, has selected Ventura Capital to lead their Growth Round raise.
. “For Visa, this is an opportunity to deliver innovations that enhance payment experiences across Asia Pacific with greater flexibility, security, and convenience. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”
Deus X Pay , a regulated stablecoin payment provider, announced the launch of NeXus , enabling instantaneous transfers at zero cost across the Deus X Pay ecosystem. NeXus addresses the challenge of inter- and intra-company transfers, overcoming major pain points, particularly in cross-border transactions.
Cross-BorderPayment Solutions Fintech companies like Payoneer and Flutterwave enable SMEs to handle cross-borderpayments efficiently. For businesses in emerging markets, cross-borderpayment solutions open new growth opportunities by facilitating trade with global customers and suppliers.
Maya, a Filipino financial services and digitalpayments company, has partnered with Fexco to introduce Dynamic Currency Conversion (DCC) across its network of 112,000 in-store terminals. Announced at the Singapore Fintech Festival , this initiative comes at a time when tourism in the Philippines is rebounding, with over 5.4
Adoption Rate : Cryptocurrency payment usage remains niche but is growing, with over 420 million crypto wallet users worldwide in 2023. Cross-Border Appeal : Cryptocurrency payments are especially advantageous for cross-border transactions, with lower fees than traditional international bank transfers.
These services aim to support businesses of all sizes, particularly small and micro-sized enterprises (SMEs), in their digital transformation and financial inclusion efforts. Alipay+, Ant Internationals cross-borderpayment platform, connects over 90 million merchants in 66 markets to 1.6
In 2024, Pakistan’s retail payments saw remarkable growth, with transaction volumes rising from 4.7 The widespread use of digital wallets has helped drive the major shift towards ecommerce, with approximately 87% of digitalpayments made through wallets, compared to 78% in 2023 – while only 13% were through payment cards.
The year saw nearly universal adoption of cashless payments and milestones in cross-borderpayment linkage initiatives, notably through Project Nexus. Crossborderpayments and digital advances in Singapore Singapore has made advancements in digitalpayments and emerging challenges in cross-border interoperability.
In Cambodia, booming adoption of digitalpayments is driving a surge in e-commerce activity, with QR code payments and more broadly the Bakong real-time payment system gaining significant traction, according to a new report by Profitence, a corporate finance firm-based in Cambodia. million transactions in 2023, up 28.7%
Africas digitalpayments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digitalpayments economy is expected to reach $1.5 Mastercard remains committed to driving Africas digital growth through investment, innovation, and partnerships.
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?
Despite these advancements, many firms still rely on outdated payment systems and technologies that cant meet the market’s growing demands. As the world shifts to faster, more efficient digitalpayment methods, the question remains: Are your payment systems ready? The result?
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