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Waza , a B2B payment provider for emerging market businesses, has announced the launch of Lync, its new multi-currency account platform that combines market-leading foreign exchange (FX) liquidity solutions with a cutting-edge banking experience to power a new age of global trade for emerging market businesses incorporated in the US, UK or EU.
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention.
Spendesk , the leading spend management and procurement platform for mid-market companies, today announces its partnership with Wise Platform , Wise’s globalpayments infrastructure for banks and enterprises, to provide internationalpayments.
Wise Platform , Wises globalpayments infrastructure for banks, financial institutions and larger enterprises, today announced the appointment of Lauren Langbridge as Commercial Director for North America, and Manuel Sandhofer as its new General Manager for Europe, Middle East and Brazil.
FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual Cross-Border Payments 100 list, highlighting the 100 most influential players in globalpayments. Released on May 08, the 2025 Cross-Border Payments 100 recognizes industry leaders across the sector.
Over the past year Wise Platform , Wise’s globalpayments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint.
The hidden cost of cross-Border Inefficiency Businesses lose an estimated 18bn annually to inefficient forex processes and cross-border payment fees roughly the GDP of a small country being sacrificed at the altar of outdated payment infrastructure. Media agencies struggle with time-sensitive global campaigns held up in payment limbo.
Sokin was founded in 2019 with a simple vision to remove the borders, barriers, and burdens associated with internationalpayments. Today it enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform.
The launch of the new BVNK wallet will create a solution to this friction by providing users with direct access to blockchains and local and internationalpayment schemes, all within a single solution. BVNK will hold on to or exchange balances and deal with third-party payments through its multi-rail access, all in a single product.
Individuals and businesses leveraging theAstroPay multicurrency wallet can receive and withdraw internationalpayments from global clients and platforms with ease, eliminating common transaction hurdles.
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the launch of Wirecard and Ctrip ’s multi-currency Visa cards for customers in China. The card will support currencies from Australia, Japan and the U.S., In addition, U.K.
Cross-Border and International Transactions For small businesses looking to expand internationally with cross-border payments , payment processing comes with additional challenges and costs: Currency Conversion Fees Banks and payment processors typically charge 1-3% to convert foreign currencies.
Globalpayments firm Airwallex has introduced its payment acceptance services in the United States, enabling U.S.-based based merchants to accept both domestic and internationalpayments. entities to provide a localised payment experience to their customers in the U.S.,
Sokin was founded with a simple vision to remove the borders, barriers, and burdens associated with internationalpayments. Today it enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform.
The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. Currently, the Isabel 6 platform serves 70,000 professional clients.
Key features to look for in an eCommerce payment solution include security and fraud protection, payment method variety, integration capabilities, chargeback protection and dispute resolution, and globalpayment support. Also, prioritize localized and region-specific payment methods.
The Interledger Foundation , an organization building and advocating for an open, interoperable payment network, and Chimoney , a fintech company providing multi-currency wallets and infrastructure for cross-border payments, today announced their work to power cross-border payments between more than 130 countries worldwide.
AbbeyCros s, the platform focused on improving connectivity and access in global FX payments announced today that Wise Platform , Wise’s globalpayments infrastructure for banks and global enterprises, has joined the ABX Platform as its newest payment partner.
Treezor Enables card issuance, bank accounts, payment processing, and lending via a unified API layer. Best for : Platforms requiring multi-product financial offerings. Best for : Fintechs needing access to UK payments rails like FPS, BACS, and CHAPS. Best for : Startups and enterprises already using Stripe for payments.
Appointments Globalpayments platform Ecommpay has appointed Chris Wilson as its new chief financial officer. Australia-founded globalpayments platform Airwallex has appointed Andrew Balint as VP, marketing, APAC (ex-China).Balint Balint has held senior roles at Afterpay, amaysim, Ola and Optus.
Concerns over internationalpayments are putting many UK businesses off using overseas suppliers or selling to other markets, according to a new HSBC UK survey. The survey of more than 1,000 financial decision-makers reveals 43% are discouraged from doing business internationally because of uncertainty over hidden payment costs.
PXP , the omnichannel globalpayment platform and innovative industry disruptor, today announced the results of an exclusive survey. The survey revealed that Gen Z overwhelmingly prefers instant, digital-first payment methods, with traditional banking options falling dramatically out of favour.
IFX Payments’ performance comes against a backdrop of a large growth in internationalpayments and a surge in demand for solutions to manage them, such as its flagship ibanq platform. This record financial year is a testament to the hard work and dedication of the IFX Payments team.
Airwallex , a leading globalpayments and financial platform for modern businesses, today revealed how its global financial technology has improved McLaren Racing’s financial operations throughout the 2024 Formula 1 season. For payout transactions, 90% arrive within hours, and 65% arrive instantly. “At
New Importance of Cross Border Payments The pandemic underscored the importance of global reach for businesses, leading to a surge in demand for cross-border payment solutions. Cross-Border E-commerce Growth : Cross-border e-commerce grew by 21% in 2020, according to a report by the International Post Corporation (IPC).
There are signs that the wheels are beginning to churn once again, however, and though not every industry will recover at the same pace, there is evidence that global trade is once again on the rise. Yet as cross border trade picks back up, the foreign exchange and globalpayments needs of businesses will intensify.
This incurs high FX costs when used to spend with US or international vendors. Looking to free firms from this problem, Airwallex , the globalpayments and financial platform, has introduced a new virtual card to make easy payments across the world. This includes the addition of Apple Pay and Google Pay.
Airwallex (Singapore) Founded in 2015 in Australia, Airwallex is a leading global financial platform for modern businesses, offering solutions to manage everything from payments, treasury, and spend management to embedded finance. It also comes a payment card which allows users to spend their crypto directly in fiat currency.
Airwallex , a leading globalpayments and financial platform for modern businesses, today introduced the Airwallex Borderless Visa ® Card in Canada. The virtual card is issued by Peoples Trust Company, part of Peoples Group, and enables Canadian businesses to easily make payments around the world, everywhere Visa is accepted.
Aspire Aspire illustration, Source: Aspire Aspire is the all-in-one finance platform for modern businesses globally, helping over 50,000 companies save time and money with internationalpayments, expense management, payable management, and receivable management solutions.
The bank has selected Wise Platform , Wise’s globalpayments infrastructure for banks, to power internationalpayments for SC Remit , Standard Chartered’s cross-border payment service. Users will be able to send money in 21 currencies– including USD, CAD, EUR, GBP, SGD, HKD, and JPY. .
It provides advanced features like multi-entity support, global tax compliance, and supplier onboarding but has a higher price tag and longer implementation times. The platform enables companies to manage their entire payables process, from invoice capture and approval to payment execution and reconciliation.
It allows for incoming and outgoing transactions across SWIFT multi-currency for internationalpayments; SEPA Euro within the Euro zone; GBP Faster Payments and CHAPS in the U.K.; and FX Payments in 134 currencies.
Under the agreement, Visa’s customers and banking and FinTech partners will have the option to use Currencycloud’s cloud-based payments platform to provide in-demand services, including multi-currency wallets and real-time notifications on foreign exchange transactions.
Toronto’s Remitr , which works in business payments, has launched a new solution for setting up internationalpayments in a quicker, more efficient manner, according to a press release. Using Remitr’s Global Business Accounts (GBA), small- to medium-sized businesses (SMBs) in Canada can access unique accounts in U.S.
Travelopedia Ltd, a trusted name in the travel industry for over 12 years, has transformed its payment processing capabilities through a strategic partnership with inclusive globalpayments platform, Ecommpay. The post Ecommpay Streamlines Payments for Travelopedia appeared first on FF News | Fintech Finance.
Tipalti, the global payables automation platform, announced on Monday (Feb. 25) the launch of Multi-FX, a new offering that improves upon the global payables process for finance teams. For some companies, that means operating several accounts in different currencies.
Mimo , the platform simplifying globalpayments, cash flow, and financial management for SMBs and accountants, has raised £15.5M (€18M) of new investment. Mimo’s tools allow for trading SMBs and finance professionals to pay suppliers with a click, access working capital, and get paid faster by customers, in any currency.
Cloud-based finance software Bill.com can now facilitate internationalpayments in 106 currencies and 137 countries, the company announced in a press release on Wednesday, Sept. We use Bill.com for all our internationalpayments to vendors overseas.
Multi-currency account provider Centtrip is introducing a way for corporates to make and receive faster cross-border payments. based company, which provides globalpayments, foreign exchange (FX) and banking services, announced its real-time payments solution on Wednesday (April 18).
The payments industry is undergoing a profound transformation, driven by technological advancements and shifting market dynamics. With real-time globalpayment networks spanning hundreds of currencies and numerous countries, the sector is poised for significant changes. Forrester’s Jacob Morgan and I agree on this one.
They streamline and simplify international transactions by consolidating multiple layers of connections, contracts, KYC processes, and infrastructure into a unified interface, offering businesses efficient access to top globalpayments providers in a ‘plug and play’ fashion.”
It provides cash management products such as a multi-currency wallet, virtual accounts and cross-border payments, among others. There are inefficiencies when it comes to making internationalpayments here in Indonesia.”.
One pivotal tool that facilitates this global reach is the international merchant account. These accounts, tailored for cross-border transactions , enable businesses to accept payments in various currencies and broaden their customer base globally.
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