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Thunes, a globalpayments company, has launched a new Pay-to-Card solution that allows its members to send real-time payments to 15 billion Mastercard, Visa, and UnionPay cards worldwide. This solution complements Thunes’ existing Pay-to-Wallet and Pay-to-Bank services. said Floris de Kort, CEO of Thunes.
UPI is revolutionising cross-border payments, expanding Indias digital payment influence through global integration, regulatory reforms, and strategic partnerships. The introduction of the unified payments interface (UPI) in 2016 marked a transformative shift in India’s digital payments landscape.
WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform globalpayments for businesses. We are committed to building a global, future-proof solution that addresses the complexities of modern payment systems.”
Source: Sumsub Key issues include weak risk assessments, delayed rollout of the Travel Rule, and a lack of interoperability among compliance tools. VASPs must act decisively by adopting robust, interoperable risk mitigation frameworks that meet global standards and enable secure cross-border data exchange.
Global market developments Mathieu Limousi , chief marketing officer at Thunes “The findings in Thunes 2025 Mobile Wallet report reflect a profound transformation in the globalpayments landscape,” explained Mathieu Limousi , chief marketing officer at Thunes. “With mobile wallet users expected to reach 5.8
Industry Impact The move is described as a “game-changer” for banks and fintechs seeking global operations with near-instant settlement and low costs. dollars, Matera’s clients can offer USDC as a balance option, enabling users to send, receive, and pay with USDC globally as easily as with local currency.
Primer , the unified infrastructure for globalpayments, today sets out its plans for 2025 growth and new markets across the EU, US and APAC as it approaches its fifth anniversary. Morgan Chase and globalpayments platform Airwallex.
In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. In the public sector, corporates and government entities are also collaborating in pursuit of interoperability.
As demand for real time, globalpayments grow, Rain is seeing strong momentum from partners looking to issue and use onchain cards and settle in stablecoins. As demand for real time, globalpayments grow, Rain is seeing strong momentum from partners looking to issue and use onchain cards and settle in stablecoins.
Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries.
.” Whalet specializes in supporting SMEs with comprehensive globalpayment solutions, including one-click store setup, global accounts, pay-ins, payouts, currency exchange, and card issuance. With payment licenses in Singapore , the U.S.,
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.
Simon Griffin, chief product officer at BVNK Simon Griffin , chief product officer at BVNK, said: Stablecoins are redefining how we transfer value around the world, enabling 24/7/365, accelerated globalpayments. Why stablecoins? Why stablecoins?
Initially developed by the BIS Innovation Hub, Project Nexus aims to link domestic instant payment systems (IPS) through a single multilateral gateway, replacing the current patchwork of costly and complex bilateral connections. What strategic benefits does Nexus offer APAC banks aiming to modernise their cross-border payment capabilities?
One of the areas of corporate finance experiencing the biggest exposure to these disruptors is globalpayments. With that preamble, I think it’s right to say cross-border payments have significantly changed over the last few years.” ” Yet there is progress to be made.
Nium, a globalpayments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. Partior’s platform addresses key inefficiencies in globalpayments by cutting settlement times, lowering costs, and improving transparency.
This enhanced connectivity allows users to move funds effortlessly across payment methods and national borders, streamlining transactions for individuals and businesses alike.
It aims to enable more efficient funds transfer via Purpose Bound Money (PBM) when inbound tourists use Alipay+ payment partner apps for payments at GrabPay merchants in Singapore. to broaden its merchant coverage network across Japan.
Rémi Maeno , Head of Energy, Mobility and Self-Service verticals at Worldline Merchant Services , commented: “The trends identified in this white paper clearly demonstrate the importance of agile payment solutions in public transportation’s future.
TerraPay , a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions.
The report highlights how interoperability and B2B adoption will play a crucial role in the industrys next phase of growth. As the industry continues to prioritise faster, more convenient payment methods, wallet adoption will be essential to keeping pace with demand. For more details, access the full report here: TerraPay Report
Such experiences require paymentsinteroperability, which can be a significant challenge due to changing technologies and regulations. Many initiatives are currently underway around the globe to push such efforts along, meaning interoperability may not be as far off as once thought. What is paymentsinteroperability?
The globalpayments scene is rapidly changing. As a result of needing to implement diverse payment methods, fraud prevention tools and authentication protocols, merchants are finding themselves facing high costs and at risk of not complying with the latest regulations. With an Apache 2.0
Transact365 , a UK-based globalpayments platform, powering merchants across the globe, has expanded further by growing its offering of solutions with its new Canadian FINTRAC MSB license. Founded in 2017, Transact365 offers a globalpayments solution platform for merchants across the world in leading industries.
This strategic alliance is specifically designed to streamline digital payments, tackling prevalent issues such as limited interoperability and elevated transaction costs. The post NayaPay, Alipay+ Boost GlobalPayments into Pakistan appeared first on Fintech Finance. billion consumer accounts, in addition to RAAST.
Enhance cross-border payments by integrating an always-on solution directly and locally with regional and globalpayment networks, ensuring compliance with constantly evolving regulatory standards. This can be on-prem, or hosted in any private or public cloud.
The CEO will be responsible for ensuring that Nexus delivers on its promise of reducing costs, increasing transparency, and improving accessibility in cross-border payments. Instead, a single connection enables interoperability across all participating nations. List of cross-border linkages that have gone live in Southeast Asia.
billion Nium is a globalpayments platform that makes cross-border money transfers easier for businesses and financial institutions. Using real-time payment technology, Nium helps companies speed up international transactions, simplify operations, and scale. Nium Valuation: $1.4 billion debt investment platform eDaili 1.90
Fidesmo is happy to announce that the company has officially signed an agreement and launched with Swatch , the renowned Swiss watchmaker, to become the globalpayment provider for SwatchPAY! The post Fidesmo Partners with Swatch as the Payment Platform for SwatchPAY! appeared first on FF News | Fintech Finance.
E-wallets are gaining significant traction in Singapore, with predictions indicating they will become the primary payment method by 2027. According to the 2024 GlobalPayments Report by payment processing company Worldpay, e-wallets are expected to handle over 50% of online spending in Singapore by 2027.
Joining Borderless.xyzs global stablecoin network reinforces our commitment to interoperability and efficiency. This collaboration is a major step toward simplifying complex payment flows for companies operating between Mexico and the world.
Globalpayments revenues are at an all-time high, and experts predict that they could even climb to be a $2 trillion industry by 2020. Cross-border payment revenues currently account for approximately $200 billion, a significant slice of the payments pie. Developments From Around The Smarter Payments World.
Banking software provider Temenos and globalpayments leader Visa have announced a collaboration to simplify and streamline cross-border payments for banks and their customers. Ultimately, this will enable banks’ customers to benefit from fast, secure, and efficient cross-border payments.”
The move comes as part of its offering to simplify reconciliation and enhance data standardisation for its globalpayments client base. ISO 20022 is the global messaging standard for financial messages, designed to enable interoperability between financial institutions and other market players.
As national payment infrastructures become more interoperable and networked on a regional, and soon global, scale, stablecoins may start to lose their perceived ‘indisputable’ advantages in the cross-border sector. Will the rug be pulled from under stablecoins by incumbent instant payment schemes?
With CPN, Circle is hoping to disrupt the $190 trillion cross-border market and bring stablecoins mainstream for cross-border payments. With the launch of CPN, Circle is positioning itself not just as a stablecoin issuer, but as a globalpayments infrastructure provider. “We are just getting started. .”
Jiaravanon, a prominent business leader and co-founder of AEON Thana Sinsap and Finansia Syrus, brings over 30 years of experience in Thailand’s financial sector and is also the principal owner of global media brand Fortune Magazine.
. “Our expansion comes at a crucial moment as APACs digital payment landscape undergoes rapid transformation and diversification,” explained Nakul Kothari , head of APAC and Middle East at Juspay. This expansion furthers our vision of making digital paymentsinteroperable and accessible for everyone on a global scale.”
The globalpayments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their globalpayment activity is able to keep up with the pace of doing business. The Community Approach to Ubiquity.
The Financial Technology Association (FTA) today announced that Banking Circle Group , a banking and payments leader for the new economy, has joined the association as its newest member. Companies like Banking Circle are powering banks and fintechs with seamless, interoperable solutions to transact across borders.” “We
Visa and the Dutch FinTech TerraPay said they plan to develop and deliver “payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances.”. “Interoperability is key to a digitally connected payments ecosystem.”.
The Interledger Foundation , an organization building and advocating for an open, interoperablepayment 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.
Payments Report 2024 As the globalpayments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.
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