Tagged: cross-border payments

October 8, 2024 @ 8:39 am By Tony Zerucha  |  

This week, OwlTing Group, a global blockchain Fintech company, announced plans to implement Visa Direct solutions under a global agreement with Visa to provide real-time cross-border payments for individual and business customers. This agreement allows OwlTing to potentially reach more than 8.5 billion endpoints in… Read More

September 22, 2024 @ 9:16 am By Omar Faridi  |  

Swift and Wise  (LSE:WISE) says they will increase cross-border payment options for financial institutions and their customers, enabling payments sent via Swift to be completed over Wise with end-to-end transparency. Financial institutions seeking to innovate their offerings “will be able to route Swift payment messages… Read More

August 26, 2024 @ 10:29 pm By Omar Faridi  |  

Banking Circle, a fully licensed next-generation bank with central bank access, has entered a strategic partnership with Skydo, India’s cross-border payments platform for Micro, Small, and medium-sized Enterprises (MSMEs) and freelancers. The collaboration aims to support Indian businesses “operating globally by providing them with seamless, efficient and cost-effective… Read More

August 24, 2024 @ 7:33 am By Omar Faridi  |  

CBA and BNY announced that they are delivering near real-time cross-border payments. Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon (BNY), Australian businesses and individuals who “receive international payments from BNY’s customers may now… Read More

July 21, 2024 @ 6:56 pm By Michael Wong  |  

The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation in payment systems. This agreement was formalized during a visit to the UAE by Indonesian President Joko Widodo. The MoU, signed by Khaled… Read More

July 14, 2024 @ 12:22 pm By Omar Faridi  |  

Cross-border payments are becoming increasingly important to international economies. Around 63% of global consumers use international real-time payments (RTPs) services to send money to family and friends and 51% use them only to pay for goods and services, according to the 2024 Financial Services Consumer… Read More

June 6, 2024 @ 9:56 am By Omar Faridi  |  

Nium, the global enabler of real-time cross-border payments, announced it has raised US$50 million in a Series E funding round. The investment round was led by “a sovereign wealth fund in Southeast Asia and values the company at US$1.4 billion post-money.” The sovereign wealth fund… Read More

April 24, 2024 @ 11:25 pm By Omar Faridi  |  

To accelerate its growth in the United States and its presence in the fast-expanding online gaming market, Thunes, a global cross-border payments company, is proud to announce that it signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform. Tilia is licensed in… Read More

January 28, 2024 @ 9:17 pm By Omar Faridi  |  

NayaPay, a financial platform, has partnered with Alipay+, a cross-border digital payments and marketing platform operated by Ant International. The collaboration between NayaPay and Alipay+ is set “to make a significant impact by deploying QR codes compatible with both RAAST and Alipay+ payment partners, including… Read More

January 11, 2024 @ 12:16 am By Omar Faridi  |  

Thunes, the global B2B cross-border payment company, is pleased to announce key changes to its executive leadership team. To further accelerate its growth, Thunes reportedly “appoints Floris de Kort as its new CEO. Peter De Caluwe has been promoted to Deputy Chairman focusing on strategy,… Read More

January 3, 2024 @ 8:41 am By Omar Faridi  |  

Dwayne Gefferie, a strategist helping payments companies with scaling operations, has commented on why he thinks UK Fintech Wise (LSE:WISE) and Revolut need to take HSBC‘s new initiative seriously. According to Gefferie, if HSBC‘s announcement of their new venture Zing teaches us anything, it is… Read More

December 23, 2023 @ 1:24 pm By Omar Faridi  |  

Layer2 Financial, a BaaS and payments infrastructure technology, is announcing a strategic partnership with Evita, a B2B cross-border payments solution specializing in large transactions. This collaboration marks a significant milestone in “the financial technology landscape, leveraging the strengths of both entities to streamline and optimize… Read More

December 7, 2023 @ 10:31 pm By Omar Faridi  |  

Currencycloud, the firm focused on simplifying business in a multi-currency world, has partnered with BriskPe, the Mumbai-based cross-border payments Fintech, in order “to expand BriskPe’s customers’ payment options.” The partnership will open up international business opportunities “for its India-based micro, small and medium sized enterprise… Read More

November 21, 2023 @ 7:51 pm By Omar Faridi  |  

Cross-border payments are financial transactions where the accounts of the payor and payee are based in different countries, the Payments Canada team explains. Cross-border payments are typically “more complex than domestic payments as they involve different national legal and regulatory frameworks, more than one currency,… Read More

November 11, 2023 @ 6:22 pm By Omar Faridi  |  

Maybank announced the expansion of its cross-border QR Pay service to China, one of the first in the market for a Malaysian bank, amplifying Maybank’s existing cross-border payment capabilities and enhancing the ease and efficiency of financial transactions. This initiative aims to benefit over 8… Read More

November 10, 2023 @ 5:33 pm By Omar Faridi  |  

Ripple, the firm enabling enterprise blockchain and crypto solutions, debuted the evolution of its crypto-enabled cross-border payments solution, Ripple Payments, formerly known as RippleNet. Ripple Payments provides the enterprise-grade infrastructure “required for businesses to leverage blockchain easily for faster, cheaper, more efficient cross-border payments without… Read More

November 9, 2023 @ 10:46 pm By Omar Faridi  |  

Clear Junction, a firm focused n cross-border payments solutions for regulated institutions, has announced the launch of its new Confirmation of Payee (CoP) service. Available for clients receiving GBP payments in the UK, the new service “will boost the security of these transactions amid the… Read More

November 4, 2023 @ 2:46 pm By Michael Wong  |  

Hong Kong and Thailand aims to revolutionize the way travelers handle currency exchange with the launch of interoperable digital payment systems. From December 4, residents from both regions will be able to make transactions using their local digital payment platforms, thanks to a landmark agreement… Read More

November 4, 2023 @ 11:08 am By Omar Faridi  |  

BIGO, a global technology leader known for its innovative RTC (Real Time Communications) based products, announces its partnership with Checkout.com and Visa in order “to transform cross-border payouts for content creators in the United Kingdom, Italy, Germany, Switzerland and Austria.” BIGO TECHNOLOGY PTE. LTD. has… Read More

October 31, 2023 @ 5:28 am By Omar Faridi  |  

Thunes, the global B2B cross-border payments infrastructure company, has appointed Chloé Mayenobe as its new Chief Operating Officer. Mayenobe joins Thunes at a pivotal moment “as the company continues its strategic expansion following its successful Series C fundraising in July 2023.” A seasoned tech leader… Read More