Remove Cross-Border Remove Cross-Border Payments Remove Financial Inclusion
article thumbnail

Cross-Border Payments in Numbers: Global Corporations Lost $120 Billion in Transaction Fees

Fintech Finance

The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally.

article thumbnail

Xoom Enables Partners to Use PayPal USD for Faster Cross-Border Payments

Fintech News

PayPal has announced that its disbursement partners can now use PayPal USD (PYUSD) to settle cross-border money transfers via Xoom, its digital remittance platform. Cebuana Lhuillier in the Philippines and Yellow Card in Africa will be the first Xoom partners to integrate PYUSD, enhancing financial inclusion in these regions.

Insiders

Sign Up for our Newsletter

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

article thumbnail

13 APAC-Born Companies Recognized Among Top Global Cross-Border Payment Leaders of 2025

Fintech News

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual Cross-Border Payments 100 list, highlighting the 100 most influential players in global payments. The company is currently valued at US$5.5 billion, according to CB Insights.

article thumbnail

OnAfrIQ Partners with PAPSS to Launch Cross‑Border Payment Services in Ghana

Fintech Finance

Onafriq , in collaboration with the Pan-African Payment and Settlement System (PAPSS), announced the launch of a new cross-border payment service that will initially pilot outbound transactions in Ghana. African borders are starting to matter less; this is Onafriq’s goal.”

article thumbnail

Optimising Cross-Border Payments Globally: Shaping the Economy of Tomorrow

Fintech News

Cross-border payments are the fundamental infrastructure that facilitates the flow of money within an increasingly interconnected global economy, underpinning commerce between individuals, businesses, and governments worldwide. Similarly, South Korea’s instant RTGS-based systems facilitate secure, fast settlements.

article thumbnail

Cross-border payments and UPI revolution in India

The Payments Association

UPI is revolutionising cross-border payments, 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.

article thumbnail

Mastercard Move and Cairo Amman Bank Join Forces to Enable Convenient and Secure Cross-Border Payments in Jordan

Fintech Finance

The collaboration will advance financial inclusion and contribute to an even more accessible digital economy by facilitating the movement of funds from Jordan to 37 countries. We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions. billion in 2022.