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Looking to bridge the world of fiat and digital currencies, Fipto , a blockchain-based payment infrastructure, is looking to make it easier for firms to integrate stablecoins and optimise existing global payment flows using blockchain. The firm is also a licensed Virtual Asset ServiceProvider (VASP) in Luxembourg.
Its platform covers payments in 173+ countries with local payment options in 70+ markets and offers global business accounts in 60+ currencies. Triple-A is another Singaporean company included in FXC Intelligence’s Global Most Promising Cross-Border Payments Companies 2024 list.
Paymentserviceproviders (PSPs) and e-money firms that demonstrate proactive compliance and robust safeguarding protocols position themselves as reliable and stable partners.
Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, today announces a partnership with payment solutions and servicesprovider Secupay to provide asylum seekers with payment cards, enabling them access to financial support from the German Government.
By holding these entities accountable, the SRF enhances consumer protection and provides clear avenues for victim recourse in cases of phishing-related losses. This inclusion acknowledges the increased risk of significant losses from e-wallets and mandates robust consumer protection controls.
PSD3 implementation schedule (2023-2026): What does this mean for banks and paymentserviceproviders? Extended liability for paymentinstitutions: With stricter fraud liability rules, banks, paymentserviceproviders, and electronic communication providers face greater accountability.
1 The Opinion provides supervisory guidance to EU national competent authorities (NCAs) on the application of PSD2 to CASPs and recommendations for longer-term legislative alignment under the upcoming third EU PaymentServices Directive (PSD3) and the accompanying EU PaymentServices Regulation (PSR).
dtcpay , the licensed paymentserviceprovider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) paymentservices.
What we have done at PagBrasil is to enable ways for Brazilian citizens, Brazilian tourists abroad, and foreign tourists travelling to Brazil to utilise Pix servicesproviding businesses and consumers with innovative and seamless means to leverage Pix inside and out of the country. What are you most excited about in 2025?
Lemonway , the pan-European paymentinstitution dedicated to marketplaces and crowdfunding platforms, announces the acquisition of PayGreen’s business, a French specialist in e-commerce payments. This acquisition fits perfectly with our trajectory and ambition to become a key payment player in Europe.
Also, with Lemonway being a paymentinstitution regulated by the ACPR, the company will serve as PayGreen’s PaymentServiceProvider (PSP), allowing the latter to enter the European market where Lemonway serves over 400 platforms in approximately 20 countries.
Plaid , a paymentinstitution regulated by the Financial Conduct Authority (FCA), has raised around $575million in a fundraise led by Franklin Templeton , alongside Fidelity Management and Research. Vistra , a business servicesprovider, has unveiled a new strategic business proposition, Vistra Fund Solutions.
FCA Safeguarding Reforms for PI/EMI (Interim Rules) The FCA is set to publish its finalised interim safeguarding rules for authorised paymentinstitutions (PIs) and electronic money institutions (EMIs) in mid-2025, following Consultation Paper CP24/20.
These two industries have a high demand for paymentservices, making it easier for new paymentinstitutions and e-money startups to gain a foothold in the market. Which means theres no language barrier to worry about. Malta is also an e-commerce and igaming hub.
Modulr , a leading digital paymentservicesprovider, is today announcing a significant new contract with His Majesty’s Revenue and Customs (HMRC) for the provision of Confirmation of Payee (CoP) services.
Following the receipt of a paymentinstitution license in Brazil and approval to close its acquisition of MexPago Airwallex invests in Latin America growth with Brazil and Mexico entries, a Mexico-based paymentserviceprovider, Airwallex is poised to launch services in Latin Americas two largest economies.
Airwallex Acquires MexPago as Part of Latin American Expansion Speaking of acquisitions in Mexican fintech and financial services, global financial platform Airwallex has finalized its acquisition of Mexico-based paymentserviceprovider MexPago, a licensed Institution of Electronic Payment Funds (IFPE).
With over two million POS devices, a significant portion now facilitating in-store contactless payments, and more than 90 million active online banking customers, Trkiye demonstrates robust digital financial infrastructure. Additionally, Dream Games represents Trkiyes prowess in the gametech sector.
The company’s uP Platform offers high-penetration alternative payment methods; real-time payout disbursements; and compliant, end-to-end marketplace funds management. Onchain finance solutions provider Tokeny has teamed up with El Salvador-based Digital Asset ServiceProvider Ditobanx. ’s FCA.
stablecoins for paymentsserviceproviders (PSPs)) and therefore have a better home in a larger platform.” This year, the economy was marked by volatility, resulting from geopolitical risks and political changes across the globe, says Stphane Dehaies , CEO of Spendesk Financial Services , a licensed paymentsinstitution.
This latest communication is particularly relevant to firms authorised under the PaymentServices Regulations 2017 (PSRs) and the Electronic Money Regulations 2011 (EMRs), including Electronic Money Institutions (EMIs), PaymentInstitutions (PIs), and Registered Account Information ServiceProviders (RAISPs).
his dual role, Bailey will oversee the commercial and regulatory functions of TrueLayer Ireland, which holds a European PaymentsInstitution licence and is regulated by the Central Bank of Ireland. He will also manage TrueLayers European operations.
Paris-based Qonto seeks banking license Financial management solution provider Qonto is looking to grow its lending, savings, and investment capabilities and has applied for a banking license from France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR) in an effort to make it happen.
The Money-Changing License will enable businesses to conduct money-changing services; the Standard PaymentInstitution License allows them to conduct multiple paymentservices below specified thresholds, and the Major PaymentInstitution License allows businesses to conduct multiple paymentservices without any transaction volume or float limits.
Singapore-based fintech startup Qashier announced today that the company has been awarded in-principle approval by the Monetary Authority of Singapore (MAS) for a major paymentinstitution licence to offer merchant acquisition services, and domestic and cross-border money transfer services.
The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing paymentserviceproviders’ value-added offerings and overall financial market efficiency.
Worldline (Euronext: WLN), a global leader in paymentservices, announces its wholly owned subsidiary, GCS APAC, has been granted Major PaymentInstitution license by the Monetary Authority of Singapore (MAS).
Singapore-headquartered paymentinstitution FOMO Pay has partnered with global financial servicesprovider BNY to enhance USD paymentservices for corporate clients.
FlexM, a fintech company known for its Fintech-as-a-Service (FaaS) platform, has received in-principle approval for a Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore (MAS). This development follows FlexM’s recent approval of a PaymentServiceProvider license from FINTRAC in Canada.
Airwallex announced several milestones in its global expansion strategy: securing a paymentinstitution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based paymentserviceprovider and an Institution of Electronic Payment Funds (IFPE) license-holder.
Geoswift, a provider of cross-border payment solutions between China and the rest of the world, announced Wednesday (Jan. unit, Geoswift UK, has received authorization as a paymentinstitution from the Financial Conduct Authority (FCA). 18) that its U.K.
Alchemy Pay, a global crypto paymentserviceprovider, has invested in UK-based fintech LaPay to expand its global Web 3.o o payment solutions. The financial details of the investment were not disclosed. UK, Hong Kong, Singapore, Australia, and South Korea.
With the acquisition, Ripple adds a limited purpose trust company regulated by the New York Department of Financial Services to its licenses. money transmitter licenses, a Major PaymentInstitution License from the Monetary Authority of Singapore , and a Virtual Asset ServiceProvider registration with the Central Bank of Ireland.
Elmore Insurance Brokers and RegTech Green Swan Compliance have teamed up on the development of an Authorised Push Payment (APP) Fraud Reimbursement Insurance product for qualifying UK banks, PaymentServiceProviders, E-Money Institutions, and Authorised PaymentsInstitutions.
Africhange, a global remittance servicesprovider, has launched its operations in the UK, offering more efficient, cost-effective and reliable solutions for individuals to send and receive money internationally.
.” This comprehensive blockchain-based payments offering sets a new standard for payment solutions in Latin America, demonstrating Nuvei’s commitment to deepening its footprint in a region with rapid eCommerce growth.
The updated assessment also identifies other high-risk sectors within the financial industry, including paymentinstitutions that provide cross-border money transfer services, such as remittance agents, and external asset managers. Consequently, Singapore is closely monitoring the sector.
A snapshot of Singapore’s crypto landscape According to the latest report by Triple-A, a licensed cryptocurrency paymentinstitution, Singapore boasts one of the highest cryptocurrency ownership rates globally. These services include the buying, selling, or facilitating the exchange of DPTs.
EBANX, a leading global PaymentServiceProvider (PSP) specializing in emerging markets, today announced that EBANX Pte. has been granted In-Principle Approval for a Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore (MAS).
Airwallex announced several milestones in its global expansion strategy: securing a paymentinstitution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based paymentserviceprovider and an Institution of Electronic Payment Funds (IFPE) license-holder.
Brazil-based fintech infrastructure provider Dock has announced the acquisition of BPP , a paymentinstitution regulated by the Central Bank of Brazil that specializes in Banking-as-a-Service (BaaS).
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