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6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments

Fintech News

The company operates a blockchain-based unified ledger for payments, enabling real-time clearing and settlement for instant liquidity and transparency, and overcoming challenges commonly associated with sequential processing in legacy payment systems, including settlement delays, limited transaction transparency and high operating costs.

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Banking Circle’s BC Payments Gets In-Principle Nod for Payment License

Fintech News

BC Payments, a Singapore-based subsidiary of Luxembourg-licensed bank Banking Circle , has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. Banking Circle is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.

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Spendesk Partners With Wise Platform to Bring International Payments Capabilities to 5,000+ Mid-Market Companies

Fintech Finance

This strategic partnership introduces international payments capabilities to Spendesk’s platform, allowing customers based in the European Economic Area and the United Kingdom to make cross-border transactions quickly, securely and at low-cost in 30 currencies, supporting invoice payments and expense reimbursements.

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Finovate Global Ireland: Investing in Payments and Partnerships

Finovate

The company aggregates local payment methods into a single, consistent API; and offers treasury and reconciliation tools that provide real-time visibility, automated fund flows, and multi-currency management. Swedish Pay-by-Bank solutions company Zimpler earned certified Payment Institution (PI) status in Brazil.

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Singapore Offers Visa’s Currencycloud In-Principle Approval for MPI License

Finovate

Currencycloud was offered In-Principle Approval to serve as a Major Payment Institution license holder in Singapore. The MPI license will also impact Singapore-based businesses, which will be able to leverage Currencycloud to help their customers make conversions and payouts in their own time zones and local currencies.

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FOMO Pay and BNY to Streamline USD Payment Services for Corporate Clients

Fintech News

Singapore-headquartered payment institution FOMO Pay has partnered with global financial services provider BNY to enhance USD payment services for corporate clients. The collaboration integrates BNY’s payment infrastructure with FOMO Pay’s offerings.

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Transcard Brings its Payment Orchestration Capabilities to Canada

Finovate

Transcard has partnered with Xodus Travel Services to enhance digital payment experiences with its SMART Suite platform. Financial Conduct Authority (FCA) to serve as a payment institution in theU.K. Tennessee-based Transcard is bringing its payment orchestration capabilities north of the border this week.