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

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. OPAL, a neobank startup, has been steadily growing in the financial hub of Singapore since its inception in 2019.

Cross-Border Payments 117

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

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.

Cross-Border Payments 131

Cross-Border Payments Cross-Border B2B Due Diligence 131

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 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

The Fintech Times

FEBRUARY 2, 2025

It has been a busy few days for the Central Bank of Brazil as it announces another company has acquired a payment institution (PI) licence. With its new PI licence, AstroPay will deliver secure, compliant, and user-friendly cross-border payment solutions.

Payments Institute 64

Payments Institute Acquirers Cross-Border Cross-Border Payments 64

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

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

Fintech News

FEBRUARY 19, 2024

In a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-Border Solutions, powered by Currencycloud, shared insights into the acquisition of Currencycloud by Visa, shedding light on the evolution of their collaboration and the impact it has had on global money movement.

Cross-Border 117

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

OCTOBER 21, 2024

Rising Demand for Correspondent Services Wise Platform’s Correspondent Services, launched at Sibos last year in collaboration with Swift , allows partners to send and receive international payments instantly.

Cross-Border 98

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

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

Fintech Finance

NOVEMBER 4, 2024

With over 65 licenses globally and now six direct connections to domestic payment systems, this infrastructure enables over 63% of all Wise transactions to be completed instantly (under 20 seconds), with an average fee of 0.62%.

Instant Payments 98

Instant Payments Settlement Accounts Cross-Border Payments 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). Malaysia stands as one of the largest cross-border remittance and trade corridors in the Asia-Pacific region.

Cross-Border Payments 52

Cross-Border Payments Cross-Border APACS Financial Inclusion 52

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

The Fintech Times

FEBRUARY 8, 2025

Having obtained the PSP licence, Tuma Ventures is able to offer a comprehensive suite of financial services in Tanzania, including real-time payment processing for merchants, mobile wallet solutions, and float management for other fintechs. 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 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

The Fintech Times

DECEMBER 3, 2024

Another benefit of putting all of its resources into stablecoins is that dtcpay can ensure scaleable payments internationally without the high fees and delays often associated with traditional cross-border payments. The future of payments dtcpay has also announced a collaboration with Singapore’s NETS SGQR+ initiative.

Stablecoins 69

Stablecoins Cross-Border Payments Cross-Border Cryptocurrency 69

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 Finance

MARCH 20, 2025

This strategic partnership introduces international payments capabilities to Spendesk’s platform, allowing customers based in the European Economic Area and the United Kingdom to make cross-border transactions quickly, securely and at low-cost in 30 currencies, supporting invoice payments and expense reimbursements.

International Payments 59

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

Finovate

OCTOBER 18, 2024

“At Ebury, we embrace the complexity and risk of daily cross-border payments that enable business growth, in a way that traditional banks do not, or cannot,” Ebury Managing Director for APAC, Rick Roache said. Romania’s national mobile payment system, RoPay, went live this week.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Advisors Payments 59

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

JANUARY 17, 2025

Airwallex Acquires MexPago as Part of Latin American Expansion Speaking of acquisitions in Mexican fintech and financial services, global financial platform Airwallex has finalized its acquisition of Mexico-based payment service provider MexPago, a licensed Institution of Electronic Payment Funds (IFPE).

Cross-Border 64

Cross-Border Cross-Border Payments Payments Acquirers 64

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 company plans to launch new services in the coming months, further streamlining international money transfer offerings.

Cross-Border 109

Cross-Border Cross-Border Payments APACS Payments Institute 109

Fintech News

MAY 21, 2024

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. Recently, Alchemy Pay invested in LaPay UK Ltd, securing an Authorised Payment Institution license regulated by the FCA.

Web 3.0 109

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

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).

Cross-Border 113

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

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 News

APRIL 10, 2024

Canadian payments firm Nuvei Corporation has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. It follows the company’s introduction of direct card acquiring capabilities in Australia and its ongoing expansion in China.

Cross-Border 117

Cross-Border Security APACS Alternative Payment Methods 117

Fintech Finance

NOVEMBER 27, 2024

In 2023, the total market volume of cross-border transactions in the world was 190.1 Moving money between countries has become an everyday task for businesses that want to expand and are constantly looking for solutions that allow them to connect with other markets and send funds in an easy, quick and cost-effective way.

Cross-Border 96

Cross-Border Cross-Border Payments Technology B2B 96

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

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). Featured image credit: Edited from Freepik The post TerraPay Gets MAS Green Light for Payment License appeared first on Fintech Singapore.

Cross-Border 109

Cross-Border Cross-Border Payments Payments Authorization 109

The Payments Association

JANUARY 13, 2025

Statutory trusts, while beneficial for legal clarity, may prolong insolvency proceedings and introduce additional legal complexities, especially for cross-border operations. This inflexibility could hinder their ability to offer competitive, innovative solutions, such as multi-currency wallets or cross-border payment services.

Compliance 88

Compliance Audit Legal Reconciliation 88

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

Finovate

MARCH 7, 2024

Currencycloud was offered In-Principle Approval to serve as a Major Payment Institution license holder in Singapore. “The IPA for a Major Payment Institution License is testament to the strength of the Currencycloud brand,” said Currencycloud Managing Director of APAC Rohit Narang.

Multi-Currency 97

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

The Fintech Times

AUGUST 13, 2024

Nium , the global real-time cross-border payments provider, is looking to strengthen its presence in Latin America by applying for new payment licenses, joining fintech associations, growing its team, and signing new customers.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Real Time Payments Correspondent Bank 69

Finovate

JANUARY 10, 2025

Latin America and the Caribbean Latin American payments service processor Kuady introduced its new physical prepaid Mastercard for users in Peru after launching a virtual version in September. Latin American cross-border payments platform dLocal secured an authorized payment institution license from the U.K.’s

Innovation 64

Innovation Cross-Border Payments Payments Cross-Border 64

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