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XTransfer, a B2B cross-borderpayment platform, made its debut at the Singapore Fintech Festival (SFF) 2024 as a Gold Sponsor. The company aims to expand its presence in Southeast Asia, offering secure and efficient paymentsolutions to SMEs in the region. ” said Bill Deng, Founder and CEO of XTransfer.
The current cross-borderpayment 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.
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.
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. The company is currently valued at US$5.5 billion, according to CB Insights.
BAT-VC , a leading venture capital firm specializing in fintech and cross-border innovations, has announced a strategic growth investment in Payall Payment Systems. It comes as U.S./India India remittances and trade continue to grow. I’m thrilled and grateful to have Aditya, Ravi and Manish as resources actively helping us grow.”
Onafriq , in collaboration with the Pan-African Payment and Settlement System (PAPSS), announced the launch of a new cross-borderpayment service that will initially pilot outbound transactions in Ghana. African borders are starting to matter less; this is Onafriq’s goal.”
Ripple announced it has added its US dollar-backed stablecoin, RLUSD, to its Ripple Payments platform to support enterprise cross-border transactions using the digital asset. Ripple said the stablecoin is aimed at improving the speed and reducing the cost of international payments processed through its network.
FXellence , a provider of fast, simple, and secure international business payments, has announced the launch of its new cross-borderpayment platform for businesses, FXellence International Payments, powered by Currencycloud , a Visa Direct offering.
Morgan Stanley has partnered with Wise Platform to enhance its cross-borderpayment capabilities for corporate and institutional clients. Wise Platform, the global payments infrastructure for banks, enables financial institutions to offer international payments using Wises network.
We aim to address existing challenges in cross-borderpayments and seize opportunities through innovative solutions. Our partnership with Cairo Amman Bank will be instrumental in bringing convenient and secure cross-borderpaymentsolutions to Jordan. billion in 2023, an increase from USD4.91
1 B2B cross-border trade payment platform, and BNP Paribas , the European Union’s leading bank, have signed a landmark Memorandum of Understanding (MOU) to roll out comprehensive cross-border financial services during Money20/20 Europe in Amsterdam. XTransfer , the world’s leading and China’s No.1
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.
The Challenge Cross-borderpayments are critical yet often costly and complex, especially for growing businesses expanding into Southeast Asia and South Asia. Geopolitical shifts have diversified supply chains, and real-time payments have become the preferred method for digital transactions in these regions.
TransferTo , a Singapore-based global technology group, and Ecobank Group the leading pan-African financial institution, announce a landmark Memorandum of Understanding (MOU), laying the groundwork to transform financial access and cross-borderpaymentsolutions across Africa.
There is a growing demand for cross-borderpayments across the globe. Looking to meet this demand, B2B payments organisation, Boost PaymentSolutions has partnered with international payment firm, TransferMate. Leavitt , founder and CEO of Boost PaymentSolutions.
Boost PaymentSolutions , 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.
Cross-borderpayment firm XTransfer has received the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The company, founded in 2017, specialises in cross-borderpaymentsolutions tailored to small and medium-sized enterprises (SMEs).
But behind this momentum lies a persistent operational challenge: cross-borderpayments. For fintechs and merchants expanding across APAC, payments are no longer a backend utility — they’re a strategic lever impacting scalability, conversion rates, and customer satisfaction. What is Payment Orchestration?
Tranglo, a leading cross-borderpayment hub, has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia. Tranglo tackles this with its efficient and cost-efficient solutions, making cross-borderpayments simpler and more affordable.
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based paymentsolution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. UBS plans to further expand and develop its UBS Digital Cash offering.
Deutsche Bank and Ant International have announced their strategic partnership to provide more comprehensive paymentsolutions 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.
The Monetary Authority of Singapore (MAS) has grantedChina-based B2B cross-border trade payment platform, XTransfer , a Major Payment Institution (MPI) licence, enabling it to provide a range of money transfer services in the region.
Deutsche Bank and Ant International have partnered to provide integrated, cross-borderpaymentsolutions for businesses in Europe and Asia, combining their expertise, tokenization, and AI-based foreign exchange (FX) technology.
Southeast Asias rapid digital growth is creating major opportunities for high-growth enterprises, but when it comes to managing cross-borderpayments, many businesses are still held back by fragmented infrastructure, currency complexities, and inefficient payment processing systems.
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-borderpayments industry.
Economic, regulatory, and technological insights for enhanced cross-bordersolutions amidst economic uncertainty. Cross-borderpayments have become integral to the global financial ecosystem, driven by the expansion of international business operations.
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-borderpayment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-borderpayments.
Clapper, a rapidly growing social media platform, announces its partnership with TruBit , the leading digital asset paymentsolutions platform in Latin America , to enable seamless US-LATAM cross-borderpayments. On top of that, the new partnership is a game-changer for creators like me who rely on monetization.
The Pay-to-Card solution provides Thunes’ members with a streamlined, efficient option for cross-borderpayments, connecting them to a broad range of financial ecosystems through a single connection. said Floris de Kort, CEO of Thunes. said Chloe Mayenobe, President and COO of Thunes.
StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has partnered with Ant International and superapp Grab to launch a new blockchain-based cross-borderpayment system. billion consumers through more than 30 payment partners globally, enabling seamless cross-borderpayment experiences.
myTU , an AI-native, cloud-first digital bank, today announced the successful onboarding of Visa Direct and Mastercard Cross-Border Services into its payments infrastructure. The launch strengthens myTU’s position as a leading provider of fast, reliable cross-borderpaymentsolutions.
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-borderpaymentsolutions for African SMEs foreign trade.
(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.
Challenges such as high transaction costs and opaque exchange rates have been prevalent in Africa over the last few years, meaning that establishing strong cross-borderpayment avenues has been tough. African borders are starting to matter less; this is Onafriq ‘s goal.”
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 payment networks, and regulatory leadership that shape the payment ecosystem in the region.
The cross-borderpayment platform has grown into a fully developed financial infrastructure with a robust acquiring solution—complete with a new name, logo, and color palette. It also provides a scalable solution for managing financial flows across borders. Maayan’s rebrand: what has changed?
Thai regulators approved the first cross-borderpaymentsolution using stablecoins in October, while the Philippine central bank launched a peso stablecoin pilot earlier this year. Pollak emphasized that stablecoins aim to modernize legacy financial systems rather than replace national currencies.
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-borderpayment hub, Tranglo , has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia as it continues to aim to boost financial inclusion by providing efficient, affordable cross-borderpaymentsolutions to the region.
In his previous roles, Abbott was instrumental in launching next-generation payments platforms, overseeing strategic partnerships, and growing business units to meet the evolving needs of digital banking and payment ecosystems.
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 digital payment technologies.
HitPay , a paymentssolution provider for businesses, has partnered with NPCI International Payments Limited (NIPL) to integrate Indias Unified Payments Interface ( UPI ) into its platform, This move will enable Singapore merchants to accept UPI payments for both in-store and e-commerce transactions.
Thunes has won the Thunes Best PaymentSolution Award at the 2025 Asian Banking & Finance Fintech Awards, making its name as a great place to make payments across borders. This award shows how Thunes is becoming more important in building a global payment system that is seamless, scalable, and efficient.
Introducing the AIsa Payment Network AIsa combines the speed of the Lightning Network with the stability of multi-asset stablecoins to deliver an AI-native paymentsolution. Programmable Payments: Smart contract integration for automated transactions. Ultra-Low Cost: Support for microtransactions with negligible fees.
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