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This continued expansion is a step towards Nium’s commitment to revolutionizing the global payments landscape in this strategic region. BS2 leverages Nium’s Global FX product to reduce FX costs and enable real-time payouts between Brazil and key trading corridors like China and the UAE.
Wise , the fintech focused on money transfer, has been granted direct access to the Philippines’ real-timepayment system, InstaPay, enabling it to enhance the cross-border payment experience for around 13 million of its customers.
Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-timepayment settlements. It said the brand update reflects its growing function as an infrastructure layer for institutional money movement.
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-timepayment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus.
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 paymentinstitution in theU.K. Tennessee-based Transcard is bringing its payment orchestration capabilities north of the border this week.
The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved PayRetailers , the payments processor in Latin America and Africa, to acquire Transfeera , a fintech focused on payment solutions for businesses.
Having obtained the PSP licence, Tuma Ventures is able to offer a comprehensive suite of financial services in Tanzania, including real-timepayment processing for merchants, mobile wallet solutions, and float management for other fintechs.
Global payments company Nium is enhancing its presence in Latin America, with a focus on expanding its operations in Brazil. The company has recently applied for a PaymentInstitution License in Brazil, which will allow it to offer payment services, including managing funds in BRL and facilitating real-timepayments through the Pix system.
” Founded in Singapore in 2021, Finmo’s all-in-one platform offers real-timepayment capabilities, cash flow visibility, foreign exchange (FX) risk management, compliance automation, and liquidity optimisation. Finmo holds a Major PaymentInstitution (MPI) licence from the Singaporean authorities.
Nium , the global real-time cross-border payments provider, is looking to strengthen its presence in Latin America by applying for new payment licenses, joining fintech associations, growing its team, and signing new customers.
At Finovate, the big news was that FICO Falcon X delivers AI and machine learning technology in dramatically new ways, helping to prevent new forms of fraud and financial crime growing rapidly along two vectors: Real-timepayments, including many offerings from fintechs in person-to-person (P2P) and business-to-business (B2B) categories.
2025s View of 2035, which provides a data-driven forecast for the evolution of cross-border payments in Europe, drawing on proprietary data and interviews with over 50 fintech leaders. The report highlights key priorities for the industry, including reducing transaction costs, expanding real-timepayments and integrating digital wallets.
APAC has solidified its position as the leader in global real-timepayments, processing nearly 70% of the worlds 266 billion transactions in 2023. What makes APAC unique is its blend of diverse regulatory frameworks and a multitude of exotic currencies, creating a dynamic payments environment.
Real-timepayments have allowed consumers and businesses to experience how beneficial, fast, and easy payments can be, changing their expectations of cross border money movement. In addition, companies can expect decreased customer churn ratesas much as 60% 5and increased reliability and security of payments.
Its platform offers real-timepayments, multi-currency account management, automated hedging, and competitive FX rates. Finmo secured a Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore in August 2023. ” said Ganesh Rengaswamy, Co-Founder and Managing Partner at Quona.
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