Tagged: cross-border payments

Cross-Border Payments Provider CurrencyFair to Merge with Assembly Payments after Standard Chartered Investment

CurrencyFair, a cross-border payments solution provider, and Assembly Payments, whose platform aims to fully automate complex payment workflows, recently revealed that they’ve merged operations as part of a strategic investment from Standard Chartered (which is subject to shareholder approval and regulatory clearance). As noted by… Read More

Real-Time Account Payout Features Now Supported by Pakistan’s Faysal Bank via Western Union Partnership

Western Union, a leading provider of cross-border, cross-currency money transfer services, is teaming up with Pakistan’s Faysal Bank in order to improve its real-time bank account transaction network. Receivers of global money transfers in Pakistan can take advantage of Western Union’s real-time account payout feature… Read More

Digital Payments Provider Settle Group Partners With Currencycloud to provide Exchange & Cross-Border Payments for Invoice Financing/Factoring For Customers Across Europe

Settle Group, a European mobile payments provider, announced on Tuesday it has partnered with Currencycloud, a provider of B2B embedded cross-border solutions, to add foreign exchange and cross-border payments for its invoice financing and factoring customers across Europe. Settle Group revealed that the partnership will… Read More

New QR Payments Solution Introduced by Bangkok Bank for Transactions between Thailand and Vietnam

Bangkok Bank, one the largest commercial banks in Thailand, has introduced an international QR payments solution that will run between Thailand and Vietnam. The solution is reportedly being deployed with assistance from the Bank of Thailand (BOT) and State Bank of Vietnam (SBV). Bangkok Bank… Read More

Blockchain or DLT based Stellar Network Is Reportedly Settling Transfers for $0.0001 / TX

Ada Vaughan, who focuses on Ecosystem and Marketing Strategy at the Stellar Development Foundation (SDF), notes that in an “increasingly cashless” and global economy, the separations between the different financial systems may lead to friction when you’re operating an international business. If you carry out… Read More

Digital Payments in Middle East Markets like Oman Continue to Rise as Consumers Engage with E-Commerce Platforms

Dr. Saeeda Jaffar, Board Member, Managing Director and Head of Middle East at Alvarez & Marsal, notes that research performed by Checkout.com at the end of last year suggested that digital commerce and the digital payment sectors in the Middle East region were “set for… Read More

Binance Explains why Consumers Should Use Cryptocurrencies for Settling Cross-Border Transactions

Digital asset exchange Binance, which is being investigated by CFTC for a possible violation of US rules, recently explained why people should consider using cryptocurrencies when making cross-border payments. Binance notes in a blog post that traditional borderless transactions can be “cumbersome” with each transfer… Read More

James Teodorini from Currencycloud Reveals how Salary Finance Services are Improving Financial Wellbeing of Workers

Currencycloud, a cross-border payment platform, notes that a lot has changed since March 2020, when the financial markets crashed (after awareness about COVID became more widespread). The COVID crisis has led to the largest global upheaval since the past few decades. It has touched the… Read More

Cross-border Fintech Wise Talks IBAN Discrimination on World Consumer Rights Day, Other Fintechs Join Wise to Address Challenges

This World Consumer Rights Day, which took place on March 15, 2021, Fintech firm Wise (previous TransferWise) talked about what they consider to be IBAN “discrimination.” This World Consumer Rights Day, let’s talk about IBAN discrimination. IBAN discrimination is against the law – and has… Read More

Fortu Wealth Joins Forces with Currencycloud For Cross-Border Payments

  Fortu Wealth, a UK-based fintech that provides an all-in-one personal finance platform for high-net-worth individuals and a B2B banking-as-a-service (BaaS) solution for private banks and wealth managers, announced on Monday it has formed a new partnership with Currencycloud, a provider of B2B embedded cross-border… Read More

Moving Money in 2021 Should be Like Sending an E-mail – Instant, According to Nick Catino from Cross-Border Payments Fintech Wise

Nick Catino, who is responsible for Policy, Campaigns, and Regulatory Strategy at Wise (formerly TransferWise), notes that payments are the part of finance that consumers experience “most on a day-to-day basis.” Catino also mentioned that there are certain important initiatives that will help “ensure the… Read More

MoneyGram to Stop Using Ripple’s XRP based Fund Transfer Service due to “Uncertainty” Surrounding Ongoing Litigation with SEC

MoneyGram International, Inc. (NASDAQ: MGI), a major cross-border P2P payments and money transfers service, has confirmed that it will no longer be using American Fintech Ripple Labs’ XRP-powered liquidity product. MoneyGram stated that it decided to stop using the technology due to the “uncertainty” surrounding… Read More

Southeast Asian Blockchain Startup Lightnet Partners MoneyGram to Provide Comprehensive Money Transfer Services

Blockchain startup Lightnet has teamed up with MoneyGram, a leading provider of cross-border peer to peer payments and money transfer services. MoneyGram will be integrating Lightnet’s technology with its fund transfer services so that customers can access a wide range of payout services across the… Read More

Cross-Border Payments Fintech Tranglo Continues to Expand Operations Globally to Support Local Businesses

Malaysia-based Tranglo, a cross-border payment firm, has established four new payment channels that are connected to financial networks in Brazil, Ghana, Nigeria, and Uganda. The payment corridors mark the Fintech firm’s first entry into Sub Saharan Africa and Latin American (LatAm) regions. Tranglo’s management stated… Read More

Hong Kong Financial Services Sector to Work on Regtech, Trade Financing, Payments, Robo-Advisory Products with New Initiatives

The Financial Services and the Treasury Bureau (FSTB) in Hong Kong had announced last month that the Fintech Proof-of-Concept Subsidy Scheme (PoC Scheme) will be opening for applications from February 26, 2021. According to a release, the PoC Scheme has been introduced to encourage traditional… Read More

Singapore based Remittance Firm TranSwap to Move into UK Markets with Plans to Establish R&D Centre in Edinburgh

Singapore-based remittance firm TranSwap has reportedly decided to make a move into the United Kingdom with plans to establish an Edinburgh research and development (R&D) center that will employ over 50 professionals. Currently operating in Hong Kong, Indonesia and Malaysia, TranSwap’s management noted that the… Read More

Ripple’s RippleNet Cloud Product Reportedly Offers Highest Standard in Safety, Security, Privacy, Is Now SOC 2 Certified

Fintech firm Ripple notes that in May 2020, McKinsey had identified that consumer and enterprise digital adoption had “matured five years, in a matter of eight weeks.” For financial institutions, digital technologies — such as Cloud-enabled models — provide the flexibility and scalability needed to… Read More

SPACs: US Fintech Payoneer Set to Go Public via a Special Purpose Acquisition Company led by Bancorp’s Betsy Cohen

Nearly 300 SPACs are currently seeking deals with $90 billion in available cash. Fintech firm Payoneer is also planning to go public through a SPAC that will reportedly be led by Bancorp founder Betsy Cohen. Payoneer’s management noted that they intend to merge with a… Read More

U.S. Fintech Routefusion Secures $3.6 Million Through Seed Investment Round Led By Silverton Partners

Routefusion, a U.S.-based fintech focused on providing the easiest and fastest way for tech companies to embed cross-border payments in their applications, announced on Tuesday it raised $3.6 million through its seed investment round, which was led by Silverton Partners with participation from Initialized Capital, NextWorld Capital and William… Read More

Fintech Firms are Disrupting Corporate Banking in Major Ways According to Cross-Border Payment Platform Currencycloud

The team at Currencycloud, a cross-border payment platform, notes that there are several different ways that Fintech companies are “disrupting” corporate banking. Currencycloud explains that in today’s interconnected society, we “expect the world to be at our fingertips.” Apps allow us to easily conduct business… Read More

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