Tagged: cross-border payments

EBA CLEARING, SWIFT, The Clearing House to Offer Pilot Service for Faster Cross-Border Payments

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EBA CLEARING, SWIFT and The Clearing House (TCH) announced that they intend to introduce a pilot service for “immediate” cross-border (IXB) payments “with the support of banks from both sides of the Atlantic.” The pilot service “is scheduled to begin by the end of this… Read More

CellPoint Digital Teams Up with MTC Game to Support Payment Options for Gaming Platforms

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CellPoint Digital, which claims to be a leading international provider of digital commerce and payment solutions, recently announced a partnership with global e-commerce platform for video gamers, MTC Game. An international retailer, MTC Game provides “an online platform for digital codes and services to gamers.”… Read More

Form3 Introduces a Cross Border Offering with Goldman Sachs Transaction Banking

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Form3 clients are now able to “gain access to FX payments in 124 currencies across 163 countries.” Goldman Sachs Transaction Banking (TxB) and Form3, the Cloud-native payment technology provider, announced “a new solution that delivers FX and payments capabilities to Form3’s banking clients.” Form3’s platform… Read More

Arf Introduces Transactional Stablecoin-powered Working Capital Credit Line for MSBs

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Arf, which claims to be the first compliant cross-border payment network running on stablecoins, has announced the upcoming launch of its product, Arf Credit. Arf Credit will offer “an instant working capital credit line for MSBs worldwide.: Traditionally, when a money service business (MSB) wants… Read More

Rewire to Offer Financial Services to Lebara UK Clients

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Rewire, which claims to be the first digital financial services platform for migrant workers, has entered a partnership agreement with value SIM provider Lebara. The collaboration should give Rewire access to Lebara’s UK client base, the opportunity to fast-track its growth in the United Kingdom… Read More

International Payments, Crypto-Assets, DeFi, Climate Change Now Key Priorities for Financial Stability Board

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The Financial Stability Board (FSB) has released its work program for 2022. Priority areas of work and new initiatives, “including key deliverables to the G20 Indonesian Presidency,” are as follows: Supporting international cooperation and coordination on current financial stability issues. Against the backdrop of the… Read More

London based Fintech Currencycloud Introduces Weekend FX, Offering Best FX Rates 24/7

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Currencycloud, the Fintech firm that is focused on simplifying business in a multi-currency world, has introduced Weekend FX, offering customers with the ability to provide competitive FX rates 24/7, “even after the markets close on a Friday evening.” As noted by Currencycloud: “Gone are the… Read More

Airwallex Teams Up with Plum to Support its Stock Investing Feature

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Airwallex, an international Fintech platform, recently announced its partnership with investing app, Plum, in order to support its cross-border payments and FX requirements. Airwallex was selected as Plum’s international payments and FX partner “to support the launch of Plum’s new stock investing feature that will… Read More

Wise Teams Up with Tencent Financial Technology to Streamline Global Money Transfers to China via Weixin

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Wise clients across the globe will now have the option to conduct quick, seamless and cost-effective global fund transfers to Weixin users residing in China from 11 different currencies, including SGD, USD and GBP. Wise (LON:WISE), the international tech firm focused on creating the best… Read More

Cross-Border QR Payment Linkage Launched by Bank Indonesia and Bank Negara Malaysia

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Bank Indonesia (BI) and Bank Negara Malaysia (BNM) announced on January 27, 2022 that they’ve launched a cross-border QR payment linkage. It will “enable instant, secure and efficient cross-border payments between Indonesia and Malaysia.” Via this linkage, consumers in both nations will be able to… Read More

London based Fintech PayAlly Awarded EMI License by the FCA

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Established back in 2017 by Rafal Andzejevski and Maxim Ivanchenko, London-headquartered payments Fintech PayAlly has reportedly acquired an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). Supporting the Authorized Payment Institution license currently held by the Fintech company, this new permit… Read More

Cross-Border Payments Fintech Routefusion Secures $10.5M from Canvas Ventures, Silverton Partners, Others

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Routefusion, which claims to offer the most “comprehensive” Fintech solution for unlocking global expansion, has announced their $10.5 million seed “prime” funding round co-led by Canvas Ventures and Silverton Partners along with contributions from other investors. Other parties in Routefusion’s investment round reportedly include: Haymaker… Read More

Ripple, through its Payments Network RippleNet, Serves as Viable Alternative Offering Efficient Global Transfers

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The term “gray market” might conjure up images of “nefarious” actors exchanging cash in “shadowy alleys,” the team at American Fintech Ripple writes in a blog post. In reality, however, gray markets have become an “unfortunate necessity” for those entities that may lack the financial… Read More

Remittance Payments Expected to Grow Almost 5% in 2022, Paysend Reports

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The team at Paysend notes that “remittance” is defined (according to Merriam Webster) as a transmittal of money to a distant place such as another country. As noted in an update from Paysend, this transmission of money may be done via traditional money management methods like… Read More

Global Fintech Azimo Explains How to Receive Payments in Colombia by Completing Certain Legal Requirements

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Azimo, a firm that claims to enable faster, cheaper global money transfers, has explained that Abono Automático (or automatic deposit) is a legal requirement that Bancolombia customers have to “enable before receiving Colombian pesos (COP) from overseas.” After that, users may deposit COP directly into… Read More

Digital Payments Fintech Remitly Explains How to Send Money to Thailand

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Remitly, a payments company that leverages digital channels, including mobile phones, to send money internationally, has explained how you can send funds securely to Thailand. Remitly writes in a blog post that if you’re looking for a safe way to send funds to Thailand, then… Read More

E-Commerce: Airwallex Offers Global Accounts, Affordable Online Payments, Borderless Cards

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Airwallex notes that the world of e-commerce is “changing rapidly.” As consumers continue to drift away from the high street into the “outstretched arms” of digital commerce marketers, brands are “upping their game.” Airwallex writes in a report that we should no longer just show… Read More

Cloud enabled Currencycloud Platform Enables Real-Time FX and Payments As Remittances Market Continues to Expand

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Ned Barker, who has considerable experience in the payments sector, notes in a blog post published by UK-based cross-border payments Fintech CurrencyCloud that remittances are one of the “single most powerful financial forces in existence today, with workers sending hundreds of billions of dollars to their… Read More

Global Payments Fintech Chipper Cash Is Planning to Grow its Professional Team in 2022, After Successful UK, US Expansion

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Ham Serunjogi, Co-Founder & CEO at Chipper Cash, a venture-capital-backed Fintech firm that creates software to enable free and instant peer-to-peer cross-border payments, and solutions for businesses to handle online and in-store payments, notes that when him and Maijid and started Chipper Cash in 2018,… Read More

Cross-Border Payments Fintech WorldRemit Shares Ways to Send Funds to Consumers Without a Bank Account

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The team at WorldRemit, a UK-based digital cross-border payments firm, has shared ways to send money to people who don’t have a bank account. WorldRemit writes in a blog post that for many of us, having a bank account is “an everyday thing.” And yet,… Read More

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