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Clear Junction , a global leader in cross-border payments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times’ prestigious ranking of Europe’s fastest-growing companies.
Through the new partnership, OpenPayd will support Ripple’s cross-border payments solution, Ripple Payments, with its global fiat infrastructure, including real-time payment rails, multi-currency accounts and virtual IBANs.
Sokin will enhance global payments at Excel, soon to be Europe’s largest fully integrated events venue, by streamlining cross-border transactions, increasing efficiencies and reducing costs. Financial technology specialist Sokin has today announced it has become the Official Global Payments Partner of Excel London.
Clear Junction , a global leader in cross-border payments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times’ prestigious ranking of Europe’s fastest-growing companies.
According to HM Treasury, the new classification reflects the sector’s increasing exposure to criminal exploitation, particularly through prepaid products, rapid onboarding, and cross-border digital capabilities. The decision has sparked debate across the payments industry.
Clear Junction , a global leader in cross-border payments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times prestigious ranking of Europes fastest-growing companies.
The integration will allow InSoil users to access features such as personal IBAN accounts, multi-currency settlements, and digital wallets. Moreover, the move aims to improve the efficiency of transaction processes and ensure compliance for both investors and agricultural borrowers.
Privat 3 Money introduces a multi-currency account in collaboration with ClearBank, enabling seamless transactions in EUR, USD, CHF, and CAD under a single IBAN. Key features include simplified international transactions, user-friendly FX solutions, and API-driven technology for enhanced control.
CurrencyWave , a Leeds-based cross-border payments firm, has launched a new multi-currency account to help remove borders from paying in foreign currencies for smaller firms, a report from Business Up North states. For example, if a U.S. workforce. In terms of U.S.
Today, Ripple , the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction , the global leader in cross-border payments solutions for regulated institutions. A host of new currencies are scheduled to be switched on for Ripple customers later this year.
In an interview with PYMNTS, Lilia Metodieva, managing director at Monneo , said virtual international bank account numbers (IBANs) can help firms gain scale internationally, and customize payments to serve the needs of their end customers. That is where digital banking and the virtual IBANs come in,” she said.
This milestone marks a significant step in the strategic expansion into the Middle East and will allow our clients to access local currency and payout. This expansion is in line with our vision to provide exceptional financial services and create value for our clients – international businesses with frequent cross-border payment flows.
Addressing the problems of high fees, slow transfers, and complex processes in global money movement, TransferGo’s multi-currency business accounts feature Griffin-powered GBP wallets to ensure customer funds are safeguarded.
Lithuania payments company SatchelPay is adding multi-currencycross-border payments functionality through a new partnership with multi-currencyIBAN account provider ONPEX (the Online Payment Exchange).
Cross-border payment and FX fintech firm Neo is celebrating profitability – as an increasing number of SMEs explore alternatives to banks to manage their international business needs. Neo has been able to help businesses through its multi-currency account.
Formerly known as Paytrix , Navro simplifies payouts and collections for international businesses and has introduced local accounts denominated in all major European and a number of international currencies. However, despite being designed as an international standard, IBANs are often only functional on a domestic basis.
Neo, the cross-border payments and FX fintech, has today announced that the firm is now profitable as an increasing number of SMEs explore alternatives to banks for managing their international business needs. Neo has been able to help these businesses through its multi-currency account.
Multi-currencyIBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. The companies noted that connecting IBANs to Wirexend accounts supports faster and easier reconciliation and security.
Travel payments optimization company Ixaris announced a new partnership with financial service infrastructure company Banking Circle to streamline cross-border payments for the travel industry. Virtual IBAN lets companies send and receive cross-border payments in real time at competitive rates, the companies said in their announcement.
Seamless Multi-Currency Transactions In collaboration with ClearBank, Privat 3 Money introduces a cutting-edge multi-currency account, supporting transactions in EUR, USD, CHD, and CAD, all under a single IBAN.
The pioneering fintech firm formerly known as Paytrix that simplifies payouts and collections for international businesses, Navro launches local accounts denominated in all major European and a number of international currencies. In other instances, differences in IBAN formats across countries can lead to unnecessary rejections.
Research from the Bank of England shows the value of cross-border payments is expected to be $250billion (£197billion) by 2027, a $100billion increase since 20171. Last August IFX acquired a licence to operate as a foreign money services business in Canada as it seeks to enhance its global footprint and win new clients.
(The Paypers) ONPEX , a provider of multi-currencyIBAN accounts, has partnered with SWIFT to offer its clients instant access to SWIFT’s global payments innovation (gpi).
Linking financial institutions and corporates with its Banking-as-a-Service platform, ONPEX enables FIs to deploy cloud-based account and payment technology to digitize operations and enhance their cross-border corporate payment offerings. Cloud Elements.
This includes managing foreign currency exchange rates and cross-border transactions, which often involve Value-Added Tax (VAT) or General Sales Tax (GST). Firstly, businesses should be mindful of the currency implications. Businesses must adeptly navigate these rates to avoid unnecessary spends or financial losses.
This latest development represents major progress in the bank’s mission to build a global payments platform with interoperability at its core and deliver instant, low-cost, scalable cross-border solutions across Europe. ” The CHF solution is live now, with full commercial rollout underway.
This is a step forward in Banking Circle’s mission to deliver instant, low-cost, scalable cross-border solutions across Europe. The addition of CHF means Banking Circle now provides direct access to local payment schemes and local account infrastructure for five of the 12 major currencies in Europe and the UK.
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