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A consortium of central banks has formally established Nexus GlobalPayments (NGP) in Singapore to manage a new multilateral cross-border payment system. This external serviceprovider will be responsible for the technical development and day-to-day running of the Nexus scheme.
There have also been recent incidents where financial servicesproviders have unexpectedly discontinued services for emerging market businesses, leading to substantial financial losses in the form of uncompleted transactions and disrupted trade flows.
Klarna , the AI-powered globalpayments network and shopping assistant has expanded their partnership with Worldpay , a global industry leading paymentservicesprovider, to enable thousands of new merchants to offer Klarna to their customers.
Payrails’ mission is clear: to help businesses scale paymentsglobally with maximum flexibility, reliability, and transparency, without having to rebuild their payment infrastructure from scratch at every stage of growth. The post Payrails Review: Orchestrating GlobalPayments appeared first on Fintech Review.
Akurateco , a globalpayment software provider with a strong presence in the MENA region, has joined forces with Dinero Pay , a rising PaymentServiceProvider (PSP) in Saudi Arabia, to drive innovation in the rapidly evolving mobile payments sector.
The programme will leverage Crypto.com’s recently acquired PaymentServiceProvider license from the Central Bank of Bahrain. The initiative is part of Crypto.com’s efforts to expand its global card programme and offer users more ways to utilize digital assets for everyday transactions.
PXP , a leading omnichannel globalpayment platform and innovative industry disruptor, have announced the appointment of Alex Apergis as its new Chief Revenue Officer to supercharge global growth. An ecosystem of connected products and services, providing everything a business needs, all accessible from a single platform.
Payhawk , the global spend management solution, today announced it has selected J.P. Morgan Payments , a globalpayments leader, to enhance its globalpaymentservices for enterprise customers in the UK. Payhawk will continue to work with J.P.
Klarna , the AI powered globalpayments network and shopping assistant, will soon be available on Google Pay. can choose Klarna’s interest-free payment options at checkout. Sebastian Siemiatkowski, CEO of Klarna, said , “We’re thrilled to bring our fair, flexible, and interest-free payment options directly to Google Pay users.
.” Keeping it simple Alex Berrai, deputy CEO, emerchantpay The main payment trends in 2024 will evolve around simplification, according to Alex Berrai, deputy CEO at globalpaymentserviceprovider emerchantpay. “Instead, they will opt for a more unified and streamlined payment experience.
The EUs Instant Payments regulations, taking effect in January 2025, will require all paymentserviceproviders in the bloc to offer 24/7 instant payments. By October 2025, Eurozone providers must conduct mandatory account name-IBAN checks for transactions.
When it comes to moving forward, what type of payment structure can customers count on from public transportation? Jed Danbury, vice president at Computop, a globalpaymentserviceprovider, shares his thoughts on how customers can benefit on transit
commercetools, the most versatile platform for enterprise commerce innovation, has introduced commercetools Payment Hub , a new destination that gives enterprises full control over their payment strategy–without the excessive fees charged by other commerce platforms that double as paymentproviders.
This capital will support NORBr’s expansion of omnichannel solutions, including advanced features for managing payment terminals, operational efficiency (payops), and compliance, strengthening its offerings to meet the fast-evolving needs of payment operators worldwide.
Globalpayment solutions provider Checkout.com , has entered a strategic partnership with noqodi , a payment gateway and financial serviceprovider, to elevate the payment experience for businesses and consumers in the UAE.
MiFinity , a leading globalpaymentservicesprovider, is delighted to announce the appointment of Linus McDonnell as the company’s new Chief Innovation Officer.
Through this partnership, USI Money strengthens its role as a leading paymentserviceprovider, addressing the diverse needs of its clients by offering an extensive range of payout options.
Klarna , the AI-powered globalpayment network and shopping assistant, is strengthening its partnership with Zalando , Europes leading online multi-brand fashion destination, by introducing Klarnas Pay in 3 option in Germany, Austria, the Netherlands, Poland, and Denmark.
This collaboration underscores the value NomuPays technology offers to globalpaymentserviceproviders, showcasing our commitment to driving innovation and supporting growth across diverse markets.
A new income tax survey from ACI Worldwide (NASDAQ: ACIW), an original innovator in globalpayments technology, developed in partnership with YouGov , shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.),
With this collaboration, Mastercard Move will be available to members of Centiglobe’s blockchain-based payments platform – regulated banks and paymentserviceproviders – through a single integration.
Inclusive globalpayments platform, Ecommpay , has been named a finalist in four categories at the 20 th annual awards organised by Retail Systems: Innovative Payment Solution of the Year, Payments System of the Year, Payments Innovation Award and Fraud Prevention Solution of the Year.
The new entity will be led by representatives from MAS and the financial services industry, with industry committees engaging banks, paymentserviceproviders, and business associations to support strategy development.
Looking to bridge the world of fiat and digital currencies, Fipto , a blockchain-based payment infrastructure, is looking to make it easier for firms to integrate stablecoins and optimise existing globalpayment flows using blockchain. The firm is also a licensed Virtual Asset ServiceProvider (VASP) in Luxembourg.
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. billion HashKey Group is a digital asset financial servicesprovider.
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.
As a result, many have passed legislation to implement the Travel Rule for virtual asset serviceproviders (VASPs). VASPs must act decisively by adopting robust, interoperable risk mitigation frameworks that meet global standards and enable secure cross-border data exchange.
Clear Junctions findings stem from a recent poll of 150 senior payment industry executives conducted during its MiCA Masterclass webinar hosted in collaboration with financial services compliance consultancy fscom. Attendees were asked the most significant challenges they were or are still encountering when looking to comply with MiCA.
Time is ticking With globalpayments giant Visa set to impose stricter global fraud thresholds by January 2026, which requires merchants to reduce fraud,Juniper says that it is ‘paramount’ that payment processors and merchants adopt network tokens. And this growth appears to already be well underway.
Following a new partnership between Centiglobe , the cross-border payment infrastructure solutions provider, and Mastercard Move , Mastercard s portfolio of global money movement solutions, customers using Centiglobe’s blockchain-based payments platform will now be able to use Mastercard Move through a single integration.
PXP , l eading omnichannel globalpayment platform, today announces a new strategic partnership with Xolvis , the digital solutions platform, to deliver innovative payment solutions for Xolvis customers across multiple markets.
Globalpayment juggernaut, Mastercard is expanding its presence in the UAE’s flexible payment and lending ecosystem as it partners with the shopping, payments and banking fintech, Tamara to launch a new virtual card.
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.
Globalpaymentserviceprovider and acquirer, emerchantpay , is expanding its global acquiring capabilities following a new partnership with Cybersource , a part of Visa Acceptance Solutions.
Also, with Lemonway being a payment institution regulated by the ACPR, the company will serve as PayGreen’s PaymentServiceProvider (PSP), allowing the latter to enter the European market where Lemonway serves over 400 platforms in approximately 20 countries.
Antom , a leading merchant payment and digitisation servicesprovider under Ant International, is tackling this complexity head-on. In Southeast Asia, Antom works closely with its subsidiary 2C2P, a full-suite globalpayments platform.
emerchantpay , a globalpaymentserviceprovider and acquirer, has joined forces with Cybersource , a part of Visa Acceptance Solutions to expand global acquiring reach and streamline tech integrations for merchants.
ACI Worldwide (NASDAQ:ACIW), an original innovator in globalpayments technology, has announced the extension of its fintech partnership ecosystem through an alliance with Banfico , a leading fintech specializing in regulatory technology, global account verification and Open Banking solutions.
Making it easier for paymentsservicesprovider, Checkout.com ‘s customers to send funds, a new partnership has been announced with payments juggernaut, Mastercard, building on an established collaboration.
It requires that all paymentserviceproviders within the bloc offer 24/7 instant payments starting January 2025. In addition, account name and IBAN account number checks will be mandatory from October 2025 for Eurozone paymentserviceproviders.
Achieving SOC 2 compliance affirms that FinMont ‘s globalpayment orchestration platform upholds the highest standards when it comes to every aspect of handling and processing any customer data. FinMont’s platform offers an end-to-end, omnichannel travel payment management solution.
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