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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.
Standard Chartered announced a new partnership with Wise Platform to improve speed and lower costs for its internationalpayments service, SC Remit. Wise Platform’s infrastructure includes over 65 licences and six direct connections to domestic payment systems including the latest one with Philippines’ InstaPay.
Lili , the financial platform designed for small business owners, today announced the launch of international wire payments in 27 countries, empowering small business owners to grow beyond borders. According to FXC Intelligence, the cross-border payments industry reached a market size of $190.1
In a significant move to strengthen its retail cross-border payments offering, leading global bank Standard Chartered and Wise Platform, Wise’s global payments infrastructure for banks, have announced a partnership, to power faster and cheaper internationalpayments for the bank’s cross-border payment service, SC Remit.
To offer businesses seamless, efficient and cost-effective cross-border transactions, Cross River Bank , a tech infrastructure provider that offers embedded financial solutions has announced the launch of its new InternationalPayments solution.
Cross River Bank , a technology infrastructure provider, has launched its internationalpayment solution, processing transactions with the business finance platform Aion.
Zempler Bank , a digital bank serving start-ups and microbusinesses, has today announced the launch of its new Outbound InternationalPayments service in partnership with Wise Platform to meet growing customer appetite for overseas expansion. To succeed globally, they need financial services that truly support them and their ambitions.
Spendesk , the leading spend management and procurement platform for mid-market companies, today announces its partnership with Wise Platform , Wise’s global payments infrastructure for banks and enterprises, to provide internationalpayments.
The National Bank of Cambodia (NBC) today marked the official integration of the Bakong Tourists app with Visa , expanding digital payment options for international visitors. Chea Serey, brought together about 300 participants, including representatives from government ministries, internationalpayment firms, and private companies.
HitPay , a payments solution provider for businesses, has partnered with NPCI InternationalPayments 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.
Morgan Stanley has partnered with Wise Platform to enhance its cross-border payment capabilities for corporate and institutional clients. The collaboration makes Morgan Stanley the first investment bank to offer foreign exchange international settlements through Wises infrastructure.
FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. One of Singapore’s entries is Partior. million Series A funding round led by Sequoia Capital Southeast Asia.
Wise, a global online money transfer service, has partnered with Nubank, a Brazilian digital bank that serves over 100 million users , to streamline internationalpayments for Nubank’s premium segment, Ultravioleta. Nubank Ultravioleta clients can now make fast, low-cost internationalpayments directly from the Nubank platform.
Global technology company Wise has launched in Mexico as part of its growth plans in the Americas, following an earlier expansion in Brazil, and its goal of enhancing cross border payments. The new service is designed for Mexican nationals who need to send money abroad, enabling a simple method for international money transfers.
Indian digital payments company PhonePe has announced the appointment of Ritesh Pai as the new CEO of its InternationalPayments 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.
PCBB and Finzly , two leading innovators in the financial payments industry, have formed a strategic partnership to deliver enhanced internationalpayment services to Finzly’s customers. The post PCBB and Finzly Partnership Boosts InternationalPayment Services appeared first on FF News | Fintech Finance.
Finseta , a leading internationalpayments and foreign exchange (FX) business, has announced the launch of their new Confirmation of Payee (CoP) service powered by tell.money. This enhanced service is designed to upgrade payment security, reduce the risk of fraud, and ensure the accuracy of transactions.
Wise, the global technology company building the best way to move and manage the world’s money has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus.
StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has partnered with Ant International and superapp Grab to launch a new blockchain-based cross-border payment system. Ant International, which operates Alipay+, connects over 1.6
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
USI Money today announced its collaboration with Visa , a global leader in digital payments, to implement Visa Direct. Through this partnership, USI Money strengthens its role as a leading payment service provider, addressing the diverse needs of its clients by offering an extensive range of payout options.
The partnership will enable Zempler Bank to launch a new Outbound InternationalPayments service that will allow its customers to make internationalpayments in both USD and EUR. Money movement innovator Wise Platform has partnered with UK-based digital bank Zempler Bank.
A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-border payment system. This marks the initiative’s transition from a Bank for International Settlements (BIS) experimental project, started in 2021, into practical implementation.
Ripple announced it has added its US dollar-backed stablecoin, RLUSD, to its Ripple Payments platform to support enterprise cross-border transactions using the digital asset. Ripple said the stablecoin is aimed at improving the speed and reducing the cost of internationalpayments processed through its network.
Trust Bank , a leading private commercial bank in Bangladesh and TerraPay , a global money movement company have partnered to offer an innovative payment solution for all students in Bangladesh. Traditionally, these students and their families relied on cumbersome and costly payment transactions.
Alipay + has partnered with global merchants to launch exclusive Chinese New Year campaigns, offering promotions for its payment partner users in anticipation of the seasonal travel surge. Alipay+ now supports over 35 international wallet and bank payment partners, connecting 1.6
Computop , the leading German payment service provider, known for connecting large retail companies to internationalpayment methods, is entering a new business area with payment processing for acquirers. This process is known as acquiring processing, and it is already used for credit card payments.
FXellence , a provider of fast, simple, and secure international business payments, has announced the launch of its new cross-border payment platform for businesses, FXellence InternationalPayments, powered by Currencycloud , a Visa Direct offering.
Bitso Business the B2B arm of Bitso that provides the infrastructure for the future of cross-border payments releases its 2024 results. The global cross-border payments market, currently valued at $44 trillion, is projected to reach $65 trillion by 2030. Digital remittances in LAC are also expanding rapidly at 23% annually.
Internationalpayments app Zing, and global digital payments provider, Checkout.com , today announced a partnership to support the launch of a new suite of alternative payment methods integrated into Zing’s app. This new partnership further enables Zing’s members to enjoy a worry-free global money experience.
RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important?
Wise announced plans to open a new operational hub in Hyderabad, India, and has launched a new service for Indian businesses and freelancers to receive internationalpayments.
Boost Payment Solutions , a global leader in B2B payments, today announced a partnership with internationalpayment pioneer TransferMate that is designed to address the growing demand for cross-border payments. based BINs to expand the reach of those programs into cross-border payments.
In a significant milestone for the fintech industry, Paysend , the UK-based global payments platform, has announced reaching 10 million consumer customers worldwide. As the largest global digital network with over 25 billion endpoints, our mission is to simplify internationalpayments for everyone.
With demand for faster, more secure internationalpayments growing, CurrencyFair has selected tell.money to support its open banking integration, ensuring customers benefit from a smoother, more efficient way to send money across borders.
International businesses face significant challenges when managing payments across borders. In addition to navigating multi-country operations and handling diverse currencies for payments and receipts, they must also address foreign exchange (FX) riskor exchange rate risk. exchange rate volatility) and internal issues (e.g.,
Ebury , the global financial technology firm that empowers small- and medium-sized businesses to trade and grow internationally, is pleased to announce it has entered into an agreement to acquire ArcaPay , a Lithuanian-based specialist provider of B2B cross-border payment solutions.
The initiative showcases how regulatory requirements can be embedded directly into cross-border payment processes, aligning with G20 priorities to make these transactions faster and more cost-effective. We are optimistic about the potential of these early results to enhance cross border payments.”
The first is a new strategic partnership with Wise Platform , Wise’s market-leading global infrastructure for banks and enterprises, to further enhance Qonto’s cross-border payment capabilities. Faster payments: Over 60% of Wise’s transfers are settled instantly (in 20 seconds or less) and 95% are completed in under one day.
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 global payments. Released on May 08, the 2025 Cross-Border Payments 100 recognizes industry leaders across the sector.
BR-DGE has announced the latest global alternative payment method (APM) supported on its platform, through a strategic partnership with AstroPay , the global digital wallet service. Individuals and businesses can receive and withdraw internationalpayments from global clients and platforms with ease, eliminating common transaction hurdles.
Citi (NYSE: C) and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai ’s TourCard. The TourCard aims to provide international travelers a straightforward, cost-efficient and more streamlined Chinese yuan renminbi (CNY) payment journey while traveling in China.
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