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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. One of Singapore’s entries is Partior. Another company from Singapore featured on the list is Tazapay.
Payment trends in Asia are changing how businesses and people transact from the digital-first economies of China and Singapore to the quickly changing markets of Indonesia and Vietnam. The shift toward digitised payments brings heightened concerns about cybersecurity, fraud, and regulatory compliance.
Up to 42% of shoppers in the US abandon their cart if their favorite payment method isnt available. Meanwhile, retailers that provide at least three of the most popular payment methods in any market increase their conversions by up to 30%. One way to do this is by offering credit card integrations. Need to integratepayments?
The new Borderless Banking offering is the next big Prometeo solution set to help firms make easier payments following Bank Account Validation offering announced in June 2024. The previous offering enabled LatAm businesses to connect with 100 per cent of US banks via one integration with a single provider and API.
In a significant move to strengthen its retail cross-borderpayments offering, leading global bank Standard Chartered and Wise Platform, Wise’s global payments infrastructure for banks, have announced a partnership, to power faster and cheaper international payments for the bank’s cross-borderpayment service, SC Remit.
Standard Chartered announced a new partnership with Wise Platform to improve speed and lower costs for its international payments service, SC Remit. Wise Platform’s infrastructure includes over 65 licences and six direct connections to domestic payment systems including the latest one with Philippines’ InstaPay.
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 payments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-borderpayments. ” said Alex Johnson, Chief Payments Officer at Nium.
LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-borderpayments. This helps businesses confirm supplier and customer payments and detect potential fraud risks.
Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly APIintegrations, making cross-borderpayments faster and more affordable.
Global payments company Thunes has introduced ‘Thunes Business Payments’ , a new service aimed at helping enterprises, merchants, banks, and mobile wallet providers streamline international business transactions. The launch is targeted at members of Thunes’ Direct Global Network.
Southeast Asia is on the brink of a rapid expansion in open banking, with financial institutions leveraging open banking to enhance customer experiences, and fintech companies utilizing application programming interfaces (APIs) to revolutionising payments, lending, and more.
With demand for faster, more secure international payments growing, CurrencyFair has selected tell.money to support its open banking integration, ensuring customers benefit from a smoother, more efficient way to send money across borders.
Legacy systems are increasingly unreliable, expensive to maintain, and resistant to modern payment innovations. Integration headaches: Open Banking, APIs, and AI-driven automation often require costly, unreliable workarounds. But as the financial landscape evolves, that mindset is in danger of proving very costly.
Banks, digital wallets and remittance businesses will now have an easier time sending money to Uzbekistan as Paysend , the digital payment network extends its cross-borderpayment facilities. This launch empowers fintechs to take full advantage of Paysend’s single API with existing coverage in 170+ countries.
Bamboo , a leading cross-borderpayments solution provider, has announced a strategic partnership with Coda , a trusted monetization platform for global publishers. For publishers, leveraging local payment methods is critical to enhancing user conversion rates in the region.
In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-borderpayments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.
Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-borderpayments, payment accounts, and e-money services. These have since gone live and new features like payment, and foreign currency exchange are currently in the works.
Banking software provider Temenos and global payments leader Visa have announced a collaboration to simplify and streamline cross-borderpayments for banks and their customers. Visa Direct facilitates real-time cross-border and domestic payments, reaching billions of endpoints in over 190 markets and 160 currencies.
There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border. Marrying Payments With Data.
Founded in 2016, Flutterwave has become a leader in African enterprise payments, processing over 890 million transactions valued at $34 billion to date. Key insights from our enterprise report Global expansion and market reach Nearly 50% of Flutterwave businesses received payments from new geographic locations, a 12% increase from 2023.
one of Europe’s leading financial services providers, reveals digital wallets and Open Banking as pivotal forces set to transform the payments landscape in 2025. The findings reflect an industry-wide shift toward faster, more adaptable payment methods that meet consumer expectations in an increasingly digital economy.
In the final quarter of 2024, Aleph , the technology-driven solutions provider enabling the growth of global digital marketing, announced the acquisition of LocalPayment , a fast-growing payment service provider (PSP) in Latin America (LatAm), to bring together local payment capabilities with digital advertising solutions.
This partnership will integrate Mastercard Move , a comprehensive suite of money transfer solutions, into Temenos Payments Hub. This will in turn provide the banks’ customers with fast, secure and efficient cross-borderpayments, making them the ultimate beneficiaries.”
Swift has announced a major upgrade aimed at improving the cross-borderpayment experience for corporate customers. The financial messaging network will extend ISO 20022 across the entire payment chain and provide banks with ready-to-use tracking services.
Global payments company Nium has expanded its local funding and collection services to over 40 countries and 15 currencies, with more to come. The expansion aims to simplify cross-border transactions, which are often challenging due to limited currency availability and cash flow management complexities.
The payments outlook 2025: Strategic priorities from industry leaders May 2 2025 by Payments Intelligence LinkedIn Email X WhatsApp Whats the article about? The strategic priorities for the payments industry in 2025, as discussed by senior payments leaders who attended a Payments Labs roundtable.
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.
The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS). How Does Project Nexus Work? trillion by 2025.
I see Guavapay is clearly positioned to lead the next-generation payment solutions, offering unparalleled speed, transparency and cost-effectiveness. Guavapay’s flagship products, MyGuava (B2C) and MyGuava Business (B2B) payment apps offer users to open accounts in over 20 currencies, including GBP, USD, and EUR.
Nium , the leading global infrastructure for real-time cross-borderpayments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-borderpayments across 35 African markets for more than 32 million customers.
The future of payments is digital, inclusive, and transformativedriving financial access, innovation, and global economic empowerment. As digital payment technologies evolve, they are revolutionising how transactions occur and breaking down barriers that have long excluded billions from the financial ecosystem.
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-borderpayment solutions to the region.
Datapro , a leading provider of core banking systems and digital solutions, recently collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions.
Ondo Finance announced today that it will be the first provider to bring real-world assets (RWA) to the Mastercard Multi-Token Network (MTN), a digital network connecting financial institutions with businesses to improve cross-borderpayment experiences.
Cashmallow has partnered with Rizal Commercial Banking Corporation (RCBC) , one of the Philippines’ leading banks, to enhance cross-border remittances and enable cardless ATM withdrawals for foreign travelers in the Philippines. You may also check out RCBCs ATM network to find out its different locations.
Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. Registration is now open until 15 January 2024. The competition is divided into two primary areas.
FXC Intelligence, a data platform specializing in the cross-borderpayment and e-commerce sectors, has released its annual selection of the world’s top cross-borderpayment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide.
Paysend has significantly expanded cross-border transfer opportunities for banks, digital wallets, and remittance businesses to Uzbekistan. The new launch unlocks instant payouts directly to Uzbekistans leading local card schemes, Humo and Uzcard, expanding Paysends existing support for Visa and Mastercard payments in the region.
Digital payments platform Payoneer is working to expand its services globally with the launch of its new Payoneer for Banks, which will aim to let more financial institutions aid businesses with cross-borderpayments, according to a Tuesday (Sept. 8) press release.
Banking Circle , a fully licensed next generation bank with central bank access, has entered a strategic partnership with Skydo, India’s leading cross-borderpayments platform for Micro, Small and Medium sized Enterprises (MSMEs) and freelancers.
D24 , a premier payments solutions provider, enabling companies to access over 27 countries via alternative payment methods (APMS) and single API card processing, today announces a strategic partnership with Yuno , the leading global payments orchestration platform. year-on-year), Argentina (17.0%) and Brazil (15.4%).
Digital payments are at the heart of this growth, offering consumers convenience, reliability, and efficiency. By 2025, SEAs internet economyencompassing e-commerce, food delivery, and financial services is expected to reach US$360 billion , driven by widespread adoption of digital wallets and flexible payment solutions.
TerraPay, a global money movement company, and PYMNTS, a global leader in payments and fintech insights, have released a detailed report on the future of cross-borderpayments. While digital wallets are rapidly growing in popularity, there are still key areas to address to ensure a seamless experience across borders.
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