This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
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.”
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.
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.
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.
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.
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.
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
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.
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.
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.
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).
Mollie aims to offer a hyper local experience tailored to the specific needs of Italian businesses Mollie offers a range of localised paymentsolutions tailored to the Italian market, including key payment methods such as Satispay and Bancomat Pay. Expanding into Italy represents a key step toward achieving that goal.’
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.
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.
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.
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.
Nium , the leading global infrastructure for real-time cross-borderpayments, is thrilled to announce a partnership with Bank Rakyat Indonesia (BRI) to provide Indonesian customers with real-time international money transfer capabilities.
“This agreement will initially cover 15 European countries, collectively representing over 382 million inhabitants (84% of the European Union population and Norway), enabling them to continue using their preferred digital paymentsolutions both locally and across Europe, and provide an approach for markets with no solution so far.
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.
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.
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.
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.
Given Taiwan’s prominent role in global trade and its economic growth, the expansion by Thunes aims to enhance the operational efficiency and security of cross-borderpayments, meeting the demands of the regions financial sector. per cent increase compared to January 2024.
With the acceleration of digital commerce, both users and companies are demanding faster payments, especially in sectors where payments are a challenge, such as sports betting and online gaming. This is made possible by operating with proprietary infrastructure and direct connections with banks, acquirers, and local payment systems.
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.”
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.
Skyee is a wholly owned subsidiary of Skyee Group a Chinese leading crossborderpaymentsolution provider in China, Europe, North America and North Asia. Skyees receipt of the IPA from MAS underscores its strong reputation as a responsible digital financial technology company.
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.
This license enables dLocal to offer a comprehensive suite of regulated paymentsolutions to UK-based merchants, including seamless pay-ins and payouts, cross-border transactions, and advanced fraud controls.
Banks and financial institutions from China will now be able to complete transactions across the Middle East and Africa (MEA) and Asia following new agreements between the People’s Bank of China ‘s Cross-Border Interbank Payment System (CIPS) and six players in the region.
Payset , a leading global payments platform, today announces the launch of its completely redesigned website — a critical step forward in delivering faster, simpler, and more intuitive cross-borderpaymentsolutions to businesses worldwide.
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.
PayPal , a global digital payments and commerce platform, today announced a strategic partnership with TerraPay , a leading global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. According to Mordor Intelligence, the MENA digital payments market is estimated at $251.34
Ant International and BNP Paribas have entered a strategic partnership to enhance cross-borderpaymentsolutions for European merchants and consumers. This collaboration aims to streamline cross-border transactions, making them more efficient and accessible for businesses and consumers.
dLocal, the leading cross-borderpayment platform connecting global merchants to emerging markets, has announced a strategic partnership with Panda Remit, a global remittance provider facilitating fast and cost-effective international money transfers.
(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.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content