Tagged: cross-border payments

Girts Straujums: CEO at UK’s WeavePay Says Fintech Platforms Are Still Not Addressing All Customer Needs

We recently caught up with Girts Straujums, CEO of WeavePay, a UK-based payment platform that helps businesses go borderless. Girts Straujums talked about the issues facing Fintech platforms and how certain customer needs are still not being met. Straujums also shared the main reasons why… Read More

FV Bank Introduces Cross-Border FX Payments Service

FV Bank, the U.S. licensed global digital bank that offers a vertically-integrated suite of traditional and digital asset banking and custody services to Fintech and blockchain firms, has announced “the launch of their cross-border foreign exchange (FX) payments service for its U.S. and international account… Read More

Alipay+ to Provide Cash-Free Travel Experiences for Tourists in Chinese Mainland

Alipay+, a provider of global cross-border digital payment and marketing solutions, is striving to provide cash-free and mobile-friendly travel experiences for Asian tourists in the Chinese mainland “as it seeks to partner with more merchants and enable greater QR code connectivity.” Starting from January 8,… Read More

FLEETCOR Completes Cross-Border Payments Acquisition

FLEETCOR Technologies, Inc. (NYSE: FLT), a global business payments company, completed the acquisition of Global Reach Group, a UK-based cross-border payments provider. With the acquisition, FLEETCOR “increases its cross-border payments scale and strengthens its position as a leading non-bank B2B global cross-border payments provider.” Global… Read More

Cashfree Payments CEO Shares Insights on Digital Payments, BNPL, Other Fintech Trends

Akash Sinha, CEO & Co-Founder, Cashfree Payments has provided a brief evaluation of the year 2022 and the anticipated trends in 2023, with respect to fintech, digital payments, BaaS, among other sectors. Sinha noted: “India is in a strong position to become the global leader… Read More

NOW Money Selects ThetaRay AI Tech to Prevent Financial Crime

NOW Money, the GCC’s first mobile banking solution focused on financial inclusion, and ThetaRay, a provider of AI-powered transaction monitoring technology, announced a collaboration to implement ThetaRay’s cloud-based AML solution “to monitor cross-border payments and support in the prevention of financial crimes and money laundering… Read More

Fintech Boost’s Merchants in Malaysia May Accept Cross-Border Payments from Thailand

Boost, which claims to be the leading regional full-spectrum fintech arm of Axiata, and Payments Network Malaysia (PayNet), the national retail payments network infrastructure announced that Boost merchants in Malaysia can now “accept cross-border payments from Thailand tourists via its DuitNow QR.” This new feature… Read More

inCruises, Brightwell to Expand Cross-Border Payment Offerings

Brightwell, an Atlanta-based global payments technology company, announced that inCruises, an “exclusive” travel membership program serving 100 million partners worldwide that gives people expanded access to travel experiences, has integrated Brightwell’s ReadyRemit* platform, “powered by Brightwell’s international payment partners, to offer cross-border payments to its… Read More

AvidXchange Expands Capabilities with Launch of Cross-Border Payments

AvidXchange (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced the launch of cross-border payments (CBP). The embedded payment experience will be “available first to Oracle NetSuite customers and accessible in AvidXchange’s newly… Read More

Fintech Firm Thunes Launches Instant Payouts to 1B+ Weixin Users

Thunes, a global cross-border payments network, announced that it has partnered with Tencent Financial Technology, Tencent’s fintech arm, “becoming the first payment infrastructure partner connecting with it.” This collaboration will “allow members of Thunes‘ global network to send international payments to Weixin users, giving them… Read More

Brightwell, The Bancorp Bank, N.A., Mastercard Enable Fintechs to Integrate Remittances

Brightwell, an Atlanta-based global payments technology company, announced a new cross-border payments solution, Brightwell’s ReadyRemit, powered by The Bancorp Bank, N.A., and Mastercard’s Cross-Border Services. ReadyRemit allows fintechs, businesses and program managers “to increase revenue and loyalty by offering a user-friendly, cross-border payments solution that… Read More

Alipay+, a Provider of Cross-Border Payment Solutions, to Serve 100M Digital Wallet Users

Alipay+, a suite of cross-border payment and marketing solutions, has supported global online merchant partners “to serve over 100 million e-wallet users as they flock to take up the offers and benefits since the global Double 11 event kicked off on November 1.” The consumers… Read More

Cross-Border Payments: Fintech Enjaz Payment Services Partners with Thunes

Enjaz Payment Services Company, a Fintech company licensed by the Saudi Central Bank announced a partnership with Thunes, a global player focused on cross-border payments. This agreement will help customers in Saudi Arabia “to make instant international transfers globally to bank accounts and digital wallets… Read More

LianLian Global Acquires Stake In AI Enhanced Content Generator ContentBot

LianLian Global, a global cross-border payments service provider, has announced it has acquired a minority stake in ContentBot, an Artificial Intelligence (AI) content generator. Through this investment, LianLian Global will “offer the world’s most advanced AI writer to provide product launching services in 18 languages,… Read More

Alipay+ Teams Up with Merchants in Japan to Create Seamless Travel Experiences

Ant Group announced that Alipay+ has expanded its enablement of seamless travel experiences to Japan, where over 1 million local merchants are now “connected to global cross-border digital payments and marketing capabilities to better serve consumers across the world.” Universal Studios Japan is the latest… Read More

Financial Stability Board (FSB) Outlines Next Steps for Streamlining Cross-Border Transactions

The Financial Stability Board (FSB) recently published the priority themes for the next phase of work under the G20 Roadmap for Enhancing Cross-Border Payments, two years after the Roadmap was launched. The plan reportedly “includes the practical steps to be taken to strengthen external engagement… Read More

Visa, TD Are Streamlining Cross-Border Money Movement for Businesses

Visa Canada and TD Securities announced an innovative collaboration as TD becomes the first Canadian financial institution “to join Visa B2B Connect, a cross-border business-to-business (B2B) payments network, enabling account to account, international payments quickly, securely, and with predictability.” According to Visa (NYSE: V) research,… Read More

Buy2Sell B2B Platform, Mastercard Enable Cross-Border Payment Solutions in Vietnam

Buy2Sell, an e-commerce platform in Asia, has announced a new strategic partnership with Mastercard (NYSE: MA). The announcement is “the result of a longstanding relationship where Buy2Sell will enable multiple payment types to a variety of delivery channels via a single connection through Mastercard Cross-Border Services.”… Read More

Cross-Border Payment Group Zepz Reaches Profitability in H1 ’22

Zepz, the group making remittance payments fair, fast and affordable by powering global cross-border remittance brands WorldRemit and Sendwave, recently announced the 2021 financial results that will be “published in its upcoming Companies House Listing Annual Report as well as an H1 ‘22 performance update,… Read More

Cross Border Payments Still Costly and Slow, Remain Major Pain Point, Report Reveals

For businesses operating in different jurisdictions, the cost and delays associated with FX and cross-border payments “remain a major pain point,” according to an update from Banking Circle. Banking Circle‘s study into SME attitudes to banking services “revealed that 42% of respondents thought their bank’s… Read More

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