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The partnership brings Airwallex’s global payments and financial operating capabilities into the Viably ecommerce financial platform, allowing businesses to simplify cross-border transactions and management of multiple currencies in a single account.
In this PREDICT 2025 interview, Gautam Pillai, Head of Fintech Research at investment bank Peel Hunt, looks at the bigger picture and takes into account how the payments industry is transforming alongside consumer trends.
With APIs, ISO 20022 messaging, and global collaborations, real-time payments are transforming the way companies operate across borders. Cross-border transactions were traditionally slow, costly, and opaque. Businesses can now enjoy instant fund transfers, better cash flow management, and improved transparency.
Community Your feed Latest expert opinions Groups Join the Community 23,479 Expert opinions 41,848 Total members 350 New members (last 30 days) 190 New opinions (last 30 days) 29,133 Total comments Join Sign in Stablecoin – CrossBorder Payment Driver?! Consumers enjoy the ability to make and receive instant payments.
New research suggests Swifts enhanced, network agnostic capability has the potential to cut the industrys operational and liquidity costs in this area by more than USD 600 million per year, and reduce the time to resolve a case by up to 80 percent. Financial institutions spend more than USD 1.6
Market Size Value of cross-border payments is estimated to reach a minimum $ 250 trillion by 2027. 60% of corporate banks agree that cross-border real-time payments infrastructure brings a revenue opportunity. 42% Global cross-border e-commerce is to reach USD 3.4
The Money Without Borders 2025: Diaspora Payment Trends report, which surveyed nearly 1,000 diaspora consumers across six European countries, reveals that remittances are becoming a routine financial responsibility, not a discretionary expense. The culprits? Poor exchange rates, hidden fees and sluggish transfers.
As cross-border transactions grow in Europe, the cloud-based financial crime management technology solutions provider, Nasdaq Verafin has revealed that these payment channels are opening up more passageways for fraud to take place, as $194.9billion was moved across borders in 2023; more than a quarter of the total fraud figure in 2023 ($750billion).
The new Mastercard SME Cross-Border Report highlights how small and medium-sized enterprises in Latin America face high costs, delays, and limited transparency in international payments. The research uncovers a need for structural redesign to boost SMEs’ inclusion and global competitiveness.
According to research from payments platform EBANX , the Peruvian e-commerce market is expected to reach $60billion by 2027, growing 20 per cent year-on-year. To ensure cross-border merchants are capitalising on this potential, EBANX has announced it will be integrated into Yape , Peru’s superapp.
James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. With more than 130 jurisdictions now researching or developing CBDCsranging from early-stage exploration to live deploymentsglobal momentum is steadily building.
Thunes, a global payments company specialising in cross-border transactions, has expanded its Direct Global Network to Taiwan. This expansion offers a real-time alternative to traditional cross-border payment systems for transfers to bank accounts in Taiwan. billion, a 4.4% increase from January 2024.
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-border payments, meeting the demands of the regions financial sector. per cent increase compared to January 2024. .” per cent increase compared to January 2024.
NYSE: CPAY), a global leader in corporate payments, is thrilled to announce that Corpays Cross-Border business has introduced Multi-Currency Accounts, enabling ever-growing businesses to expand their global footprints while enjoying hassle-free and seamless foreign currency management, in one single point of access. Corpay, Inc.
Home News Payments UniCredit taps Wise Platform for cross-border retail payments service Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Research on RS2 acquirer fee models shows that acquirers lose up to $3.65 per transaction on cross-border card payments. For more information on RS2, visit: [link] The post New RS2 Research Reveals Acquirers Lose $3.65M a Year to Outdated Fee Models appeared first on FF News | Fintech Finance.
Indonesia & Vietnam: Gig Workers & Cross-Border Freelancers With a booming gig economy and a young digital workforce, freelancers in Indonesia and Vietnam are increasingly receiving payments in stablecoins from overseas clients via platforms like Deel, Bitwage, or Metamask. This also protects earnings from BDT devaluation.
Blockchain and crypto The research findings indicate that blockchain has moved from the margins to real business applications in the UK. With 41 per cent of firms surveyed already using blockchain to manage cross-border payments, inventory or other business processes, its clear that digital asset infrastructure is maturing.
One of the challenges is the complexity and cost of cross-border banking. Based on a survey commissioned by Wise from international research firm Edgar, Dunn & Company (EDC), small businesses in the UK sent more than 485 billion overseas last year, with the amount expected to grow to nearly 530 billion in 2025.
A new report by Twimbit, a Singapore-based research and advisory firm, highlights the state of open finance in Southeast Asia, exploring the different factors such as regional integration, technological innovation, evolving business models, and API monetization that are fueling the growth of the sector.
The travel industry remains a target for organized fraud rings due to the significant transaction values and cross-border nature of the industry. Widely publicized data breaches have reduced consumer confidence and the industry needs to take proactive measures to rebuild trust.
This makes QNB the first bank in Qatar to use KDP’s blockchain deposits accounts for 24/7 settlement of their corporate flows, facilitating and automating on-demand multi-currency cross-border payments. Morgan and Bank ABC, and enabled cross-border commercial transactions to be executed between Bahrain and U.S.
The research examines how digital transformation and shifting customer expectations are transforming payment strategy into a key differentiator in customer experience and business growth. 86% of retailers already engage in cross-border transactions, showing that international commerce is now the norm, not the exception.
Home Announcements Payments Dext and Airwallex introduce cross-border payment routing and accounting for SMEs External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.
Following the passing of the GENIUS Act in the US, adoption of stablecoins could be set to surge, according to a new report from FXC Intelligence , the cross-border payments data and intelligence provider. In the report, FXC outlines growing investment interest in stablecoins.
Account to Account (A2A) payments Having gained global traction in recent years, A2A payment spend in the UK in 2024 has been over £79 billion ($102bn), according to Juniper Research. Cross-border payment options Cross-border transactions account for 12% of the UK’s total e-commerce, according to Analyzify.
Impact: While current usage is minimal, CBDC is expected to play a crucial role in future wholesale payments, cross-border transactions, and potentially in public service delivery, offering a more resilient and traceable payment method. Future Vision: Seamless, real-time, and cost-effective cross-border payments are a key focus.
Some cross-border marketplaces utilise virtual cards to pay vendors in multiple currencies, thereby automating the process and reducing the days required for reconciliation. Virtual card payments are projected to reach $175 billion by 2028 , according to Juniper Research, up from $36 billion in 2023.
At the same time, cards continue to hold their ground in cross-border payments and e-commerce, where their global acceptance, fraud protection, and established networks still offer clear advantages. The reality is that both systems - cards and RTP - are likely to coexist for the foreseeable future.
The year saw nearly universal adoption of cashless payments and milestones in cross-border payment linkage initiatives, notably through Project Nexus. Crossborder payments and digital advances in Singapore Singapore has made advancements in digital payments and emerging challenges in cross-border interoperability.
Integrating New Channels In A New World Of Payments Share 1 1 Related Company Mastercard Pay4You Channels /payments /wholesale banking Keywords cards Comments: (0) Sign in to comment Finextra Promoted [New Impact Study] Case Management: The Key to Revolutionising Cross-Border Payments Welcome to Finextra.
Whalet , a leading digital payment provider, has announced a strategic partnership with TerraPay , a global money movement company, to deliver seamless cross-border payout solutions worldwide. Research highlights a rising demand for scalable, multi-rail payment solutions that cater to diverse financial ecosystems.
Recent Datos Insights research indicates that 91% of surveyed financial institutions (FIs) are making significant or moderate investments in payment modernization. FinScan Payments is well equipped to support faster payments while effectively controlling risk across domestic and cross-border ecosystems.”
Tokenized Sustainability Credits: Corporates can settle parts of cross-border payments with on-chain carbon tokens or biodiversity credits, automating offset procurement during reconciliation. They can embed ESG tags in ISO 20022 MX messages to enable seamless cross-border sustainability tracking.
Surfin Meta said the new funding will support its expansion into additional markets and enhance its research and development efforts. The company says its competitive edge lies in building a scalable, cross-border technology platform and a transparent ecosystem of financial services tailored to local needs.
Choosing the right one can change how you operate, how fast you grow, and how well you serve your customers, especially if you plan to offer cross-border payments. Transparency in cross-border payments is also critical. They sound similar, but they serve different purposes. Make sure your wallet follows KYC and AML rules.
The e-book highlights the rise in cross-border spending, fuelled by a resurgence in tourism and the continued growth of eCommerce. By combining industry research, data, and proprietary insights, JCB, Worldpay, Nexi and Worldline have shared a comprehensive perspective on the European payments landscape. compared to 2023. [1]
Sunny Quek Sunny Quek, OCBC’s Head of Global Consumer Financial Services, said, “Our wider goal is to become the go-to app for cross-border transactions in Greater China, ASEAN and even globally. This will allow customers to send money to friends and family abroad or even make direct payments to small businesses overseas.
However, historically, those families in developing countries have not been able to experience the full fruits of the labour as cross-border payment firms have taken a big cut. Sending cross-border payments, for example, often comes with heavy processing costs and conversion fees.
Share Related Company Reserve Bank of Australia Channels /regulation & compliance /retail banking /payments Keywords cards Comments: (0) Sign in to comment Finextra Promoted [New Impact Study] Case Management: The Key to Revolutionising Cross-Border Payments Welcome to Finextra. Please read our Privacy Policy.
Designed for cross-border commerce and relying on an easy user enrollment process, Yape enables users to pay for purchases on international ecommerce websites using either their Yape wallet balance or a linked card. This is according to research from Payments and Commerce Market Intelligence (PCMI). billion by 2030.
The research reveals that 64% of merchants now view payment technology as a strategic growth driver rather than just an operational necessity. 49% of companies are exploring new payment methods like digital wallets, account-to-account payments, and BNPL to drive market penetration, particularly in cross-border commerce.
According to the official press release, Western will leverage its technological development and its deep history in the cross-border remittance industry. Following this announcement, the collaboration aims to support fast and efficient money movement between Canada and 200 countries and territories around the world.
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