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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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Thunes Expands Payment Network to Taiwan, Enhancing Cross-Border Transactions

The Fintech Times

Thunes, a global payment services provider, has expanded its international payment infrastructure into Taiwan enabling real-time financial transactions in both new Taiwan dollars and US dollars. The move enables more efficient and direct payment processes to major Taiwanese banks for both individual and business accounts.

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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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Singapore Businesses Can Now Accept UPI Payments via HitPay

Fintech News

HitPay , a payments solution provider for businesses, has partnered with NPCI International Payments Limited (NIPL) to integrate Indias Unified Payments Interface ( UPI ) into its platform, This move will enable Singapore merchants to accept UPI payments for both in-store and e-commerce transactions.

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Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account With BSP

Fintech Finance

Wise’s direct connection to InstaPay will enhance the cross-border payment experience for nearly 13 million Wise customers worldwide, and millions more users of some of the world’s largest banks and financial institutions, such as Bank Mandiri, who offer their customers international payments through Wise Platform.

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Paysend Celebrates 10 Million Consumer Customers Milestone: Simplifying Cross-Border Payments for Everyone

Fintech Finance

This achievement underscores Paysend’s remarkable growth and solidifies its position in the cross-border payments market, which is projected to reach USD$ 60 trillion by 2030. As the largest global digital network with over 25 billion endpoints, our mission is to simplify international payments for everyone.

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Nium Enables Financial Institutions to Connect to Its Real-Time Payments Network via Swift

Fintech Finance

Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network. For more information on how to connect to Nium via Swift, visit here.