Fintech News

APRIL 28, 2025

The payment giants approach covers wallet enablement, card issuance, acceptance, and settlement options to support the everyday use of stablecoins alongside traditional money. The post Mastercard Advances Stablecoin Use for Consumer Payments, Merchant Settlements appeared first on Fintech Singapore.

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Stablecoins Settlement Visa Consumer 120

The Payments Association

FEBRUARY 13, 2025

UPI is revolutionising cross-border payments, expanding Indias digital payment influence through global integration, regulatory reforms, and strategic partnerships. Indias cross-border payment transformation India is rapidly advancing in global payments through regulatory reforms, tech-driven initiatives, and strategic partnerships.

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Cross-Border Payments Cross-Border Interoperability Payments 88

Fintech News

MAY 5, 2025

XWeave , a startup developing infrastructure for stablecoin-based cross-border payments, has raised US$3 million in seed funding. The company is also in talks with regional fintechs and global merchant platforms to integrate real-time cross-border settlement into their products.

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Cross-Border Payments Cross-Border Stablecoins Cross-Border Settlement 100

Fintech Finance

NOVEMBER 1, 2024

The Challenge Cross-border payments are critical yet often costly and complex, especially for growing businesses expanding into Southeast Asia and South Asia. Traditional card payment schemes, with their high fees and slow settlement times, are inadequate for the fast-paced, dynamic markets of Southeast Asia and South Asia.

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Cross-Border Payments Cross-Border Real Time Payments APACS 98

Fintech Finance

DECEMBER 16, 2024

Juicyway addresses this need by leveraging stablecoin technology to enable fast, affordable global money transfers with 24/7 execution and settlement. This is achieved through significantly reduced transaction costs, enhanced accessibility to crucial financial services, and seamless cross-border transfer of value on the continent.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Stablecoins Payments 98

Fintech News

JANUARY 7, 2025

Cross-border payment 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-border payment solutions tailored to small and medium-sized enterprises (SMEs).

Cross-Border Payments 128

Cross-Border Payments Cross-Border Payments Settlement 128

Fintech Finance

MARCH 24, 2025

By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time international payments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.

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Cross-Border Cross-Border Payments B2B Settlement 64

Fintech News

DECEMBER 22, 2024

Cross-border payment firm XTransfer and OCBC Bank have announced a partnership to provide small and medium-sized enterprises (SMEs) with enhanced financial services for international trade. This initiative is expected to improve cross-border trade efficiency and expand financial services for XTransfers customer base.

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Cross-Border Settlement Cross-Border Multi-Currency Cross-Border Payments 125

Fintech Review

NOVEMBER 20, 2024

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. Let’s dive in.

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Cross-Border Payments Cross-Border Multi-Currency FinTech 115

The Fintech Times

NOVEMBER 8, 2024

The solution, dubbed UBS Digital Cash, aims to increase the transparency and security of cross-border payments with blockchain-based payments. Cross-border payments often lead to delayed settlements, creating a fragmented view of liquidity positions for companies.

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Cross-Border Cross-Border Payments Payment Solutions Blockchain 59

Fintech News

JUNE 1, 2025

Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-time payment settlements. It supports tokenised currency issuance, FX, and settlement across both public and private blockchain networks.

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Settlement Stablecoins Cross-Border Payment Gateways 74

The Fintech Times

DECEMBER 20, 2024

Morgan Stanley is teaming up with Wise to bring faster and smoother cross-border payments to its corporate clients, making it the first investment bank to integrate Wises global payments platform.

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Cross-Border Payments Cross-Border Cross-Border Settlement Settlement 59

Fintech News

MAY 26, 2025

Southeast Asias rapid digital growth is creating major opportunities for high-growth enterprises, but when it comes to managing cross-border payments, many businesses are still held back by fragmented infrastructure, currency complexities, and inefficient payment processing systems.

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Cross-Border Payments Cross-Border Multi-Currency Payments 74

The Fintech Times

NOVEMBER 6, 2024

Businesses and consumers paying into and out of the Middle East and North Africa (MENA) region will benefit from faster, cheaper and more transparent cross-border payments through a public-private collaboration between Mastercard and the Arab Regional Payment System, Buna.

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Cross-Border Payments Cross-Border Visa Multi-Currency 59

The Fintech Times

MARCH 12, 2025

Ximena Aleman, co-founder and co-CEO of Prometeo Legacy cross-border banking solutions have historically struggled to integrate between financial infrastructures, creating significant challenges for businesses to access new markets, said Ximena Aleman , co-founder and co-CEO of Prometeo.

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Cross-Border Payments Cross-Border Payment APIs and Integration Account Validation 64

Fintech News

NOVEMBER 3, 2024

The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs).

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Cross-Border Cross-Border Payments Central Bank Settlement 123

Fintech Finance

JANUARY 8, 2025

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-border payments industry.

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Authorization Cross-Border Cross-Border Payments Regulatory Compliance 105

Fintech News

NOVEMBER 5, 2024

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-border payment system. billion consumers through more than 30 payment partners globally, enabling seamless cross-border payment experiences.

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Stablecoins Cross-Border Payments Cross-Border Blockchain 109

Finextra

OCTOBER 22, 2024

Europe's Target Settlement system is to join Project Nexus, a Bank for International Settlements initiative to connect domestic real-time networks across borders.

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Settlement Cross-Border Instant Payments Payments 136

Fintech News

OCTOBER 23, 2024

Emirates NBD has entered a strategic agreement with Singapore-based blockchain platform Partior to improve its cross-border payment capabilities. The partnership will allow Emirates NBD to offer clients faster, around-the-clock payment processing through Partior’s blockchain-based platform for clearing and settlement.

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Cross-Border Payments Cross-Border Settlement Real Time Payments 134

Fintech News

NOVEMBER 5, 2024

Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. The partnership allows financial institutions to connect with Nium for faster, more transparent cross-border payments.

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Cross-Border Payments Cross-Border Multi-Currency Real Time Payments 130

Fintech News

NOVEMBER 27, 2024

Deutsche Bank’s additional investment reinforces Partior’s plans to scale its operations globally and enhance cross-border capabilities as well as develop functions like Intraday FX swaps and Just-in-Time multi-bank payments. Established in 2021 and backed by DBS Bank, J.P.

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Fintech News

MAY 15, 2024

Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement. The project aims to explore how tokenisation can improve wholesale cross-border payments.

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Cross-Border Payments Cross-Border Federal Reserve Central Bank 145

Fintech News

OCTOBER 20, 2024

This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable. By utilising Swift MT and ISO 20022 messaging formats, Nium enables seamless connectivity for banks, facilitating quicker settlements and enhanced transparency.

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Cross-Border Payments Cross-Border SWIFT ISO 20022 137

The Fintech Times

FEBRUARY 26, 2024

With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market. However, CBDCs will not be the silver bullet to developing and accelerating cross-border payments. “There are some fundamental risks inherent in using CBDCs.

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Cross-Border Payments Cross-Border Digital Currency Central Bank 145

Fintech Finance

JULY 12, 2024

Cross-border payments are becoming increasingly important to international economies. The G20 roadmap for enhanced cross-border payments aims to improve the speed, access, transparency, and cost of international payments by 2030.

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Cross-Border Real Time Payments Cross-Border Payments Cross-Border Settlement 140

The Fintech Times

JANUARY 8, 2025

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. This enables uninterrupted fund circulation throughout the trade process.

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Cross-Border Payments Cross-Border Payment Solutions Security 59

Fintech Finance

NOVEMBER 4, 2024

Wise’s direct connection to InstaPay will enhance the cross-border payment experience for nearly 13 million Wise customers worldwide, and millions more users of some of the world’s largest banks and financial institutions, such as Bank Mandiri, who offer their customers international payments through Wise Platform.

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Instant Payments Settlement Accounts Cross-Border Payments 98

Fintech News

AUGUST 13, 2024

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-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.

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Cross-Border Payments Cross-Border Payments Instant Payments 127

Fintech News

JUNE 12, 2024

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.

Cross-Border Payments 122

Cross-Border Payments Cross-Border Interoperability Payments 122

The Payments Association

JUNE 3, 2025

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. Das added that improved liquidity due to streamlined settlement processes will reduce the need for intermediary currencies and lower the transaction costs.

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CBDC Cross-Border Central Bank Cross-Border Payments 88

Fintech News

JUNE 4, 2024

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).

Cross-Border Payments 107

Cross-Border Payments Cross-Border CBDC Settlement 107

Fintech Finance

NOVEMBER 7, 2024

Africhange , a leading cross-border remittance service provider, announced today that its Nigerian subsidiary, Currenzo , has secured the International Money Transfer Operator [IMTO] licence from the Central Bank of Nigeria [CBN]. It also has a reliable settlement partner in Nigeria, ensuring secure processing for local transactions.

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Cross-Border Security Facilitators Transactions 105

The Fintech Times

MARCH 7, 2025

Kenyan bank KCB Group and the Rwanda-based Bank of Kigali have joined the Pan-African Payment and Settlement System (PAPSS), which was launched by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat.

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Settlement Correspondent Bank Cross-Border Correspondent 59

Fintech News

APRIL 28, 2025

NBC has selected ACLEDA Bank and Sathapana Bank as the sponsoring banks in Cambodia, while PJA has appointed NETSTARS as the payment and settlement operator in Japan.

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Cross-Border Payments Settlement Agreements 119

Fintech Finance

DECEMBER 9, 2024

We are committed to advance inclusive growth through AI-powered innovation and collaboration on cross-border travel, trade, commerce and inclusive finance. Among Ant International’s notable progresses in 2024 so far: Alipay+: Ant Internationals cross-border mobile payment and digitalisation technology solutions.

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Embedded Finance Cross-Border AI Finance 98

Fintech News

JULY 3, 2024

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.

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Cross-Border Payments Cross-Border Instant Payments Central Bank 117