Remove Cross-Border Remove Wire Transfer Remove Wires
article thumbnail

HSBC Bolsters Cross-Border Payment Capabilities in Partnership With Dandelion

The Fintech Times

In a move to make cross-border transfers more accessible and seamless for customers, HSBC Singapore has been working alongside money movement solutions provider, Dandelion. This enhancement tripled HSBC’s cross-border payment capabilities, adding 50 new destinations and 40 new currencies.

article thumbnail

Cut the Fat: The Real Cost of Cross-Border Payments

Finextra

Intermediary Bank Fees When you send a wire transfer internationally, it often doesnt go directly from your bank to the recipient’s. Not all transfers are equal. A $10,000 wire from your bank may lose $400–$600 in combined FX and SWIFT fees. Yet, most companies are paying far more than they realise.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MAS Fines Five Payment Firms S$960,000 Over AML/CFT Control Failures

Fintech News

Remsea received the largest fine of S$280,000 for breaches between August 2020 and August 2023, including failing to obtain customer residential addresses, check for beneficial ownership, verify representatives’ authority, and include required information in cross-border wire transfers.

AML
article thumbnail

Thunes Launches New Global Business Payments Service

Fintech News

Businesses can also process US dollar wire transfers to more than 170 countries and make payments in over 30 currencies, including USD, EUR, and CNY. This includes major markets such as Brazil, Canada, Mainland China, Hong Kong, India, Mexico, Singapore, the UK, and across Europe.

article thumbnail

Lili Launches International Payments

Fintech Finance

Lili , the financial platform designed for small business owners, today announced the launch of international wire payments in 27 countries, empowering small business owners to grow beyond borders. According to FXC Intelligence, the cross-border payments industry reached a market size of $190.1

article thumbnail

UniCredit taps Wise Platform for cross-border retail payments service

Finextra

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.

article thumbnail

MariBank Launches MariBank Overseas Transfers: Supporting SME Cross Border Payments

The Fintech Times

MariBank is currently offering zero transfer fees on a promotional basis for all currencies and destinations with competitive exchange rates. The digital bank also delivers a solution for sending Chinese Yuan (CNY) to Mainland China via Alipay , UnionPay , and wire transfers.