Tagged: cross-border payments

June 28, 2020 @ 7:25 pm By Omar Faridi  |  

UK-based Fintech TransferWise says its partnership with digital bank N26 continues to grow, with the money transfer service now helping the challenger’s customers to send funds to even more countries, including Brazil, Mexico, Singapore, the Philippines, among others. As mentioned on the Fintech firm’s website:… Read More

June 26, 2020 @ 12:15 am By Omar Faridi  |  

Fintech firms based in India and the United Arab Emirates (UAE) plan to continue working cooperatively in order to address key socio-economic changes and challenges resulting from the global COVID-19 outbreak. India and UAE’s financial hub Dubai aim to stay on top of major changes… Read More

June 25, 2020 @ 11:45 pm By Omar Faridi  |  

Ezra, a project that leverages its partner network to support global aid initiatives through Fintech and other emerging technologies, is planning to work cooperatively with mobile operators, NGOs, and various foundations and organizations in order to enable greater financial inclusion through digital platforms. Allan Green,… Read More

June 21, 2020 @ 6:28 pm By Omar Faridi  |  

Asian Fintech firm BigPay announced on June 19, 2020, that it has added Australia and Vietnam to its global remittance service, and will be adding China soon. The company added Bangladesh and India in January of this year. BigPay’s management noted that they’re committed to… Read More

June 21, 2020 @ 3:35 pm By Omar Faridi  |  

The global stablecoins markets recently surpassed the $11 billion mark. Many blockchain and crypto firms are beginning to realize the potential of stablecoins in facilitating many different types of transactions including cross-border or remittance payments. Tether (USDT), the blockchain-powered platform that powers the world’s largest… Read More

June 18, 2020 @ 8:05 am By Omar Faridi  |  

Nick Catino, head of policy and campaigns (Americas) at Fintech firm TranserWise, recently discussed how the remittance rule affects the company’s pricing model. The Consumer Financial Protection Bureau, an agency of the US government responsible for consumer protection in the financial sector, has published the… Read More

May 30, 2020 @ 10:34 pm By Omar Faridi  |  

UK-based Fintech TransferWise recently allowed users to set up direct debits in Australian dollars (AUD), in order to settle bills and pay for subscriptions across Australia – which can now be done directly from users’ TransferWise accounts. As confirmed by the money transfer service provider,… Read More

May 28, 2020 @ 9:35 pm By Omar Faridi  |  

More than $30 billion worth of transactions a year are carried out via the US-Mexico remittance corridor, which is notably one of the world’s largest cross-border payments channels. The rise in the adoption of Bitcoin (BTC) and other cryptocurrencies has allowed some users to perform… Read More

May 17, 2020 @ 11:49 pm By Omar Faridi  |  

Ripple company partner and investor, SBI Holdings, is planning to integrate the Fintech firm’s technology, in order to process transactions via ATMs throughout Japan. SBI’s management noted in its recent financial report that it will integrate the Ripple technology-based settlements solution, MoneyTap, with ATMs operated… Read More

May 13, 2020 @ 8:37 am By Omar Faridi  |  

UK-based Fintech TransferWise recently revealed that customers can now send money instantly to several developing economies in Asia including Pakistan, Thailand, and Sri Lanka. The TransferWise team noted: “In the past, if you were sending money to Thailand (THB), Pakistan (PKR), or Sri Lanka (LKR)… Read More

May 1, 2020 @ 8:30 am By Omar Faridi  |  

American Fintech Ripple’s On-Demand Liquidity (ODL) payments network has reportedly managed to triple its transaction volumes during Q1 2020. San Francisco-based Ripple’s XRP Markets Report confirms that the dollar value transacted using the company’s ODL service grew by over 294%, which may be a positive… Read More

April 28, 2020 @ 11:52 pm By Omar Faridi  |  

SadaPay, an Islamabad-based Fintech firm, has reportedly been given in-principle approval by the State Bank of Pakistan, or SBP (the nation’s central bank). for an electronic money institution (EMI) license. SadaPay confirmed that the approval will allow it to provide certain financial services through its… Read More

April 25, 2020 @ 6:58 pm By Omar Faridi  |  

Fintech TransferWise, a London-based online money transfer service founded in 2011, has been offering debit cards to its customers at no extra cost. The company supports hundreds of currency routes across the globe, including GBP, USD, EUR, AUD, and CAD. However, TransferWise recently noted: “From… Read More

April 24, 2020 @ 8:49 am By Omar Faridi  |  

Fintech firm Currencycloud has introduced a new API that offers SWIFT GPI tracking of international payments. Previously, the only entities providing cross-border transaction tracking services were banking institutions. Currencycloud aims to enter this market, and plans to make payment tracking as straightforward as tracking packages…. Read More

April 21, 2020 @ 1:35 am By Omar Faridi  |  

Singapore-based remittance firm TranSwap is reportedly holding discussions to secure $5-10 million in capital. Benjamin Wong, co-founder and CEO at TranSwap, confirmed that the cross-border payments company is planning to close its investment round “quite soon”. As reported by e27, the Fintech firm has acquired… Read More

April 17, 2020 @ 7:50 am By Omar Faridi  |  

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, has officially introduced PagoFX, its international payments application for UK customers. Last month, Santander had revealed that it was in the final stages of developing its cross-border… Read More

April 15, 2020 @ 7:22 pm By Omar Faridi  |  

Rewire, an international banking service provider for migrant workers, recently revealed that it’s making updates to its platform, following the Coronavirus (COVID-19) outbreak. Rewire, which is focused on developing a virtual bank for the migrant workforce, is now offering free digital and physical Mastercards and… Read More

April 14, 2020 @ 7:26 am By Omar Faridi  |  

UK-based Fintech firm STICPAY has launched a prepaid STIC card for its digital wallet solution. The new payment option will allow users to make withdrawals and spend their funds through the STIC card. The Fintech firm noted that all STIC cards have a base currency,… Read More

April 13, 2020 @ 7:30 pm By Omar Faridi  |  

Kristo Käärmann, co-founder and CEO at London-based TransferWise, a privately-held Fintech firm that allows individuals and businesses to send money abroad at affordable and transparent rates, revealed that 25% of the cross-border transfers facilitated by the firm are now instant. Earlier this month, the TransferWise… Read More

April 11, 2020 @ 6:53 pm By Omar Faridi  |  

Azimo, an online funds transfer service provider, has teamed up with Thailand’s Siam Commercial Bank (SCB), the nation’s oldest financial institution, in order to introduce an instant international payments gateway from Europe to the Asian country. As mentioned in an announcement made on April 9,… Read More