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Former TerraPay Exec Ritesh Pai to Lead PhonePe’s International Payments

Fintech News

Indian digital payments company PhonePe has announced the appointment of Ritesh Pai as the new CEO of its International Payments division. In his previous role at TerraPay, Pai served as President of Products and Solutions, where he played a key role in the global implementation of payment products and solutions.

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Lightnet and TransferMate to Enhance International Payments for Businesses

Fintech News

TransferMate, part of CluneTech, operates an extensive payments network supporting transactions in over 200 countries and 140 currencies. The partnership with Lightnet is expected to expand the reach and efficiency of international payments for businesses.

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Mashreq partners with NPCI International Payments and PhonePe

The Paypers

Mashreq has partnered with NPCI International Payments in order to integrate PhonePe with NEOPAY and improve financial connectivity between the UAE and India.

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Hidden Costs, Complexity of International Payments Threaten Small Business Expansion, New Research Reveals

Fintech Finance

The complexity and cost of international payments, alongside macroeconomic pressures, are cited as key barriers thwarting these businesses’ global ambitions. Costly, Complex International Payments Blocking International Expansion International payments are ultimately causing SMBs the biggest headache when it comes to going global.

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UK Banks Urged to Act Now Ahead of New Cross-Border Payments Legislation ISO 20022 to Prevent Exclusion from International Payment Networks

Fintech Finance

The Bank of England has provided a strong commitment to the international programme through the development of its new Real Time Gross Settlement System (RTGS) which sits at the heart of the UK’s national payments infrastructure. The UK is increasingly falling behind the world order in this space, with the inability of Pay.UK

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International payment concerns stop SMEs from expanding overseas

Neopay

New research shows that concerns around international payments are a leading barrier stopping UK small and medium enterprises (SMEs) from exporting overseas. This made payments the third most commonly cited answer. Another 43% cited the cost of making and receiving payments as being a key barrier.

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International payment concerns stop SMEs from expanding overseas

Fintech Finance

Currencycloud , the experts at simplifying business in a multi-currency world, have released new research showing that concerns around international payments are a leading barrier stopping UK small and medium enterprises (SMEs) from exporting overseas. This made payments the third most commonly cited answer.