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The payment giants approach covers wallet enablement, card issuance, acceptance, and settlement options to support the everyday use of stablecoins alongside traditional money. The post Mastercard Advances Stablecoin Use for Consumer Payments, Merchant Settlements appeared first on Fintech Singapore.
OCBC Bank and Ant International have announced a strategic partnership aimed at streamlining cross-border fund settlements using tokenised deposits and leveraging advanced encryption and AI. The collaboration will prioritise enabling real-time payments between Singapore and Malaysia, 24/7, via Ant International’s Whale platform.
OCBC China will also act as XTransfer’s global account manager, working closely with the banks subsidiaries to support cross-border settlements and facilitate business growth. The post XTransfer, OCBC Team Up to Provide Enhanced Financial Services for SMEs appeared first on Fintech Singapore.
Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally. Let’s dive in. Our SOE works the same way.
Founded in 2021, Partior utilizes blockchain technology to transform clearing and settlement, and redefine the way value moves globally. Partior’s platform is live with prominent currencies, such as USD, EUR and SGD, and is used by major banks and firms, including DBS, JP Morgan, Standard Chartered, Siemens and iFAST Financial.
Deutsche Bank’s additional investment reinforces Partior’s plans to scale its operations globally and enhance cross-border capabilities as well as develop functions like Intraday FX swaps and Just-in-Time multi-bank payments.
Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. Look for processors with: Multi-currency support : To allow customers to pay in their preferred currency.
Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda.
Under Project Guardian, an international collaboration of industry and regulators that explores the use of fund and asset tokenisation, the Monetary Authority of Singapore has conducted over 15 industry trials in six currencies across multiple financial products.
Finzly’s Fedwire solution provides instant settlement, real-time visibility, and complete automation for Fedwire payments. Banks benefit from not only faster settlements, streamlined payments, and automation of key tasks, but also from the ability to seamlessly support multiple cores.
Standard Chartered today announced the launch of SC PrismFX, its cross-currency Transactional foreign exchange (FX) solutions suite. Additionally, clients can benefit from automated FX payments with faster multi-destination delivery, Auto FX Conversion solution, and seamless integration with minimal operating process changes and set-up costs.
Leading global fintech Airwallex today announced that it now enables businesses to receive and hold funds in Israeli Shekels (ILS) through its Global Accounts and multi-currency wallet. ” The post Airwallex Enables Businesses to Collect and Hold Funds in Israeli Shekels appeared first on FF News | Fintech Finance.
Nium, a global payments 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 global payments by cutting settlement times, lowering costs, and improving transparency.
Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.
In particular, its DBS Globesend solution for cross-border payments spans 132 currencies and 190 countries. Nium operates a payout network that supports 100 currencies and which spans more than 220 markets, 100 of which in real-time. DBS Bank is also a participating bank in PayNow, Singapores consumer real-time payments service.
This makes QNB the first bank in Qatar to use KDP’s blockchain deposits accounts for 24/7 settlement of their corporate flows, facilitating and automating on-demand multi-currency cross-border payments. The post Kinexys by J.P. We’ve successfully piloted U.S.
In line with G20’s commitment to lower cross-border payment costs via technology innovation, Platform Tech developed a world-leading Time-Series Transformer AI FX Model to help multi-national merchants in airline, e-commerce and other sectors to improve treasury management efficiency and reduce cost.
Currency risk management and alternative banking specialist Argentex announced French fintech Numeral as its strategic payment technology partner. Currency risk management and alternative banking specialist Argentex has chosen Numeral as its strategic payment technology provider.
Buna’s Real-Time Gross Settlement service, with its extended operating hours, and Instant Payments System’s 24/7 availability offer a unique advantage for direct participants. The post Mastercard Joins Forces With Buna to Tackle Cross Border Payments Challenges in MENA appeared first on The Fintech Times.
This market includes a range of services and technologies that facilitate the acceptance, authorization, and settlement of payments across various channels, including online, in-store, and mobile. Acquirers also handle transaction settlement and ensure funds are deposited into the merchant’s account.
Partior, a fintech known for its global unified ledger based interbank rails for real-time clearing and settlement, has announced the first close of an over US$60 million Series B funding round led by Peak XV Partners, with participation from Valor Capital Group and Jump Trading Group as new investors. Existing shareholders J.P.
Numeral , a Mambu company and leading payment technology provider for financial institutions, and Argentex Group PLC, a London-headquartered currency risk management and alternative banking specialist, today announced that Argentex has selected Numeral as its strategic payment technology provider to transform its payments and FX infrastructure.
Cybercriminals are exploiting payout systems with increasing sophistication, using malware, fake identities, and AI-driven phishing attacks to target funds from survey remuneration, loyalty cash-out, incentive programs, commission earnings, and class action settlements.
Merchants will also benefit from fast payment processing, with next-day settlements (T+1) for most methods and instant settlements in select markets. The post Paymob Partners With Woo to Help MENA Merchants Securely Scale appeared first on The Fintech Times.
Ant International will be able to use the digital form factor to achieve instant, multi-currency treasury and liquidity management on DBS’ permissioned blockchain for their entities across multiple markets. The solution is one of the industry applications tested under Project Guardian.
Southeast Asias rapid digital growth is creating major opportunities for high-growth enterprises, but when it comes to managing cross-border payments, many businesses are still held back by fragmented infrastructure, currency complexities, and inefficient payment processing systems. Q1: Ershad, congratulations on the new role.
This includes QR code payment settlements and multi-currency transaction capabilities, providing businesses with more secure and streamlined international payment options. The collaboration integrates BNY’s payment infrastructure with FOMO Pay’s offerings.
Ozean , a blockchain for Real-World Assets (RWA) yield launched by Clearpool , is joining forces with First Digital , a Hong Kong-based group offering global multi-asset custodial, trust, payments and stablecoin solutions, as part of WakeMaker, Ozean’s accelerator programme.
It says that each market presents distinct challenges, including varying payment methods, currencies and regulatory frameworks. The post Antom Supports Booking.com by Integrating Payment Options Across Key Markets in Asia appeared first on The Fintech Times.
Airwallex, a global payments and financial platform, has formed a multi-year collaboration with the McLaren Formula 1 team. Previously constrained to a single currency account based in the UK, McLaren faced challenges like high foreign exchange fees, slow transaction times, and additional charges. billion annually.
Vincent Chok , CEO at First Digital “2025 is undoubtedly going to be a breakout year for stablecoin adoption, with businesses increasingly looking for solutions that address regional challenges like cross-border payment friction and currency volatility,” explained Vincent Chok , CEO at First Digital.
Cross-Border and International Transactions For small businesses looking to expand internationally with cross-border payments , payment processing comes with additional challenges and costs: Currency Conversion Fees Banks and payment processors typically charge 1-3% to convert foreign currencies.
Buna’s Real-Time Gross Settlement service, with its extended operating hours, and Instant Payments System’s 24/7 availability offer a unique advantage for direct participants. The post Mastercard Joins Buna, the Arab Regional Payment System appeared first on FF News | Fintech Finance.
This digital platform allows Ant International to manage multi-currency treasury operations instantly across various markets using DBS’ permissioned blockchain. Ant International is also involved in Project Guardian, focusing on real-time multi-currency clearing and settlement across over 40 currencies.
As part of its continued expansion, Nium’s partnership with Partior enhances its ability to facilitate frictionless global transactions and unlock new services such as intra-day FX swaps, cross-currency repos, programmable enterprise liquidity management, and multi-bank payments for financial institutions.
Through this partnership with Mangopay, Paybyrd will be able to offer multi-currencysettlement and bulk payouts, fuelled by Mangopay’s flexible virtual IBAN, global payouts and FX solution. Mangopay specialises in providing modular, embeddable payment and fintech infrastructure that powers leading platforms worldwide.
The new services allow for 24/7 real-time settlement of payments and utilise smart contracts to increase security and transparency. Featured image credit: Edited from Freepik The post DBS Drives Innovation with Blockchain Services for Institutions appeared first on Fintech Singapore.
Best for : Platforms requiring multi-product financial offerings. Zoho Subscriptions A flexible subscription billing solution with integrated invoicing, dunning management, and multi-currency support. Managing payments and FX is mission-critical for businesses operating across borders or handling multi-currency revenue streams.
With access to real-time FX pricing , multi-currency virtual wallets , and on-the-ground collection and payout capabilities in 40+ African currencies , IPT Africa is uniquely positioned to solve the challenges many Canadian businesses face when transacting with Africa.
Airwallex , the multi-currency accounts and payments provider, has expanded its footprint to New Zealand, with plans to tailor its products to the needs of local businesses and offer enhanced support to startups. As Airwallex enters New Zealand for the first time, it is not shy about its ambitions for the region.
It is powered by Wise’s powerful infrastructure, connecting directly to five payment systems, and working with 90+ banking partners around the world to enable cross-border payments in 40+ currencies across 160+ countries1.
B2C2 , a company specialising in institutional liquidity for digital assets, is adding OpenPayd ’s embedded finance capabilities to its global instant settlement network. B2C2 clients will also benefit from onboarding onto OpenPayd, access to multi-currency accounts, and the ability to instantly send or receive third-party payments.
As businesses expand internationally, they encounter challenges such as high currency conversion costs, foreign exchange risks, and the complexity of managing multiple bank accounts. The fast onboarding and instant settlements mean we can focus more on running our business rather than worrying about payments delays. The post payabl.
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