Remove Cross-Border Remove Interoperability Remove Payments Institute
article thumbnail

Em Conversa: Evolving Pix in Brazil and Beyond With PagBrasil

The Fintech Times

The rapid adoption of Pix as the leading payment method in Brazil, along with continued e-commerce growth, is driving the demand for innovative digital payment solutions. Moreover, Pix offers lower fees compared to traditional payment methods, with no risk of chargebacks, helping merchants reduce operating costs.

article thumbnail

Payments regulation roadmap: Q3 2025​

The Payments Association

FCA Safeguarding Reforms for PI/EMI (Interim Rules) The FCA is set to publish its finalised interim safeguarding rules for authorised payment institutions (PIs) and electronic money institutions (EMIs) in mid-2025, following Consultation Paper CP24/20. to 1.15% (debit) and 0.3%

article thumbnail

Unpacking 3 Key Concepts From G20’s Enhanced Cross Border Payments Plan

Fintech News

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.

article thumbnail

Simplifying Global Money Movement with Visa Cross-Border Solutions

Fintech News

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.

article thumbnail

TerraPay Secures Class B License from Bank Negara Malaysia to Strengthen Cross-Border Payments in APAC

Fintech Finance

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.

article thumbnail

CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

Fintech Finance

The solution is compliant with Instant Payment Regulation, supporting payment institutions to match the normative requirements.

Payee 98
article thumbnail

StraitsX Secures MAS Licenses for Stablecoin Issuance, Crypto Payments

Fintech News

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has received Major Payment Institution (MPI) licenses from the Monetary Authority of Singapore (MAS). and StraitsX Payment Services Pte. These licenses enable StraitsX to provide various digital payment token services.