Tagged: cross-border payments

July 24, 2021 @ 7:30 pm By Omar Faridi  |  

Banking Circle, the Payments Bank for the digital economy, has chosen SIA, an established European hi-tech firm in payment services and infrastructures, controlled by CDP Equity, in order to introduce its instant payments service in Europe “connecting to the TARGET Instant Payment Settlement (TIPS) service… Read More

July 24, 2021 @ 6:49 pm By Omar Faridi  |  

Cross-border payments Fintech Thunes revealed earlier this week that it acquired Limonetik, a European Payment Methods Platform. The latest acquisition by Thunes should complement the Fintech firm’s existing cross-border payments solutions by enabling companies or businesses to get paid in 70 different countries, using more… Read More

July 21, 2021 @ 2:38 am By Omar Faridi  |  

As embedded finance continues to transform the financial services sector, Currencycloud questions how banks will shape that future. The cross-border payments Fintech notes that this is the question “on the minds of industry insiders — and with the rise of embedded finance, it’s never been… Read More

July 18, 2021 @ 11:33 am By Omar Faridi  |  

Kristo Käärmann, Co-founder and CEO of Wise (previously dba TransferWise), which aims to make money work without borders, notes that they’re building the world’s most international account. 1/ @Wise Q2 Mission Update is here. Our team is 2,600 people now. How much progress did we… Read More

July 14, 2021 @ 2:38 am By Omar Faridi  |  

Thunes, a global payments network, has teamed up with ABA Bank so that they can enable Cambodians overseas to send funds back home “quicker and cheaper from around the world.” As noted in a release shared with CI: “Previously, customers making international money transfers to… Read More

July 11, 2021 @ 3:37 pm By Omar Faridi  |  

Asheesh Birla, GM – RippleNet at American Fintech Ripple, which is currently involved in a lawsuit from the US Securities and Exchange Commission (SEC), recently published a blog post, titled, “Evolving RippleNet for a Tokenized Future.” Birla writes that cryptocurrency and blockchain or DLT are… Read More

July 9, 2021 @ 12:24 am By Omar Faridi  |  

Full-service payment service provider (PSP) of local digital payment solutions, Paymaster24, has reportedly chosen Banking Circle in order to improve its existing service proposition for merchants. Importantly, the collaboration with Banking Circle should assist Paymaster24 with speeding up payments while offering additional currencies to its… Read More

June 29, 2021 @ 11:51 pm By Omar Faridi  |  

Crown Agents Bank Ltd confirms that it has been chosen as a new banking partner by Cambridge Global Payments, a FLEETCOR firm and a provider of integrated cross-border payments and currency risk management services. Through the partnership with Crown Agents Bank, Cambridge will be able… Read More

June 29, 2021 @ 10:13 pm By Omar Faridi  |  

Siam Commercial Bank (BKK: SCB), which is Thailand’s first and oldest banking institution, and Thunes, an established international payments firm, revealed on Tuesday (June 29, 2021) that they have teamed up to allow individual customers and businesses overseas to send money to Thailand. The cross-border… Read More

June 23, 2021 @ 11:51 pm By Omar Faridi  |  

Neobanking platform Yapeal has started offering cross-border money transfers to its clients through Fintech Wise (formerly Transferwise and now pursuing listing on the LSE). Through the partnership, Yapeal will work with Wise to make cross-border transactions fast, simple, and cheap for their app’s users. Wise,… Read More

June 20, 2021 @ 4:01 pm By Omar Faridi  |  

Bank Negara Malaysia (BNM) and the Bank of Thailand (BoT) recently revealed that they’ve introduced a cross-border QR payment linkage between the two countries. Under this linkage, both consumers and merchants residing in Malaysia and Thailand can make and receive instant, cross-border QR code payments…. Read More

June 19, 2021 @ 2:33 pm By Omar Faridi  |  

SendSpend, the remittance and wallet app, reveals that it has acquired the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). The company will now be able to issue digital money and offer cross-border remittance services from its UK head offices. SendSpend… Read More

June 18, 2021 @ 8:32 am By Omar Faridi  |  

UK’s Paysend, the card-to-card pioneer and global payments platform, has introduced Paysend 4.0, which is described as a new digital money app designed to manage all payments requirements from a single location. As noted in the announcement, the latest version offers global transfers, a multicurrency… Read More

June 14, 2021 @ 11:05 pm By Omar Faridi  |  

Roxe, a global payment network, revealed on Friday (June 11, 2021) that it has officially launched  the Roxe Payment Protocol (RPP), which is described as an open, decentralized and peer-to-peer payments protocol developed to offer wholesale foreign exchange rates to individuals, payment firms, banking institutions… Read More

June 14, 2021 @ 8:30 am By Omar Faridi  |  

The Swiss National Bank, the Banque de France and the BIS Innovation Hub and a private sector consortium being led by Accenture will be carrying out a pilot program by using wholesale central bank digital currencies (CBDCs) for settling cross-border transfers. The private sector consortium… Read More

June 8, 2021 @ 7:32 am By Omar Faridi  |  

Bottlepay, an international payments app provider, has introduced its services across Europe, enabling clients to perform instant, cost-effective cross-border transactions with Euros and Bitcoin (BTC). The Bottlepay app leverages the Lightning Network (LN), a layer-2 Bitcoin payments scalability solution, in order to conduct faster transfers…. Read More

June 7, 2021 @ 8:15 am By Omar Faridi  |  

PayAlly, a fully integrated payments ecosystem for small businesses, is reportedly using Banking Circle solutions to enhance its multi-currency B2B cross-border payments platform. Through the partnership, PayAlly will be able access a wider range of payment channels via the Banking Circle super-correspondent banking network. This… Read More

June 1, 2021 @ 10:20 pm By Omar Faridi  |  

UK-based Fintech firm Wise (formerly doing business as TransferWise) has introduced remittance services in India, as the company looks to expand its operations globally with a new office in Mumbai. This move by London-headquartered Wise has come after the company began supporting Google Pay users… Read More

May 26, 2021 @ 8:24 am By Omar Faridi  |  

UK’s Paysend, the card-to-card pioneer and global payments platform, has finalized a $125 million Series B round that was led by One Peak, along with contributions from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing investors including Silicon Valley-based Plug and Play. The capital… Read More

May 19, 2021 @ 7:47 am By Omar Faridi  |  

Swiss banking software firm Temenos has revealed that cross-border payments Fintech Wise (previously doing business as TransferWise) has now gone live on Temenos Marketplace. The Temenos Marketplace  reportedly includes more than 50 curated Fintech services, helping  Temenos’ customers to innovate and differentiate their product lines…. Read More