Tagged: cross-border payments

May 19, 2023 @ 10:12 am By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, has partnered with Tazapay, Singapore-based cross-border payments company to power their cross-border payments for Indian exporters. The partnership allows Tazapay “to settle all cross-border payments directly to Indian exporters’ local bank accounts in Rupees (INR) in one… Read More

May 13, 2023 @ 2:44 pm By Omar Faridi  |  

RTGS.global, which claims to be the next-gen settlement service delivering real-time cross-border payments and liquidity management, says it is “scaling up quickly in 2023 with very strong market acceptance.” In order to react to this rapid growth, RTGS.global is “strengthening its executive leadership team by… Read More

April 27, 2023 @ 12:35 pm By Omar Faridi  |  

Strike, which claims to be one of the world’s leading digital payments platforms built on Bitcoin’s Lightning Network, announced the expansion of “Send Globally” to Guatemala, bringing its cross-border payment service to Latin America. In 2022, Latin America and the Caribbean “received more than $140… Read More

April 19, 2023 @ 4:21 pm By Omar Faridi  |  

Brightwell, a payments technology company that builds financial products to send money securely anywhere in the world and one of the leaders at the forefront of innovative fintech solutions, announced that it has hired Robert Berris “as the company’s first Chief Innovation Officer.” Considered an… Read More

April 17, 2023 @ 8:32 am By Omar Faridi  |  

Thunes, a global cross-border payments company, has been granted a new Payments Institution license by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France, which will enable the company “to send payments worldwide on behalf of its French or EU customers and partners.”… Read More

April 3, 2023 @ 12:37 pm By Omar Faridi  |  

This final report – issued as part of the G20 cross-border payments program – focuses on facilitating increased adoption of payment versus payment (PvP) “to reduce foreign exchange (FX) settlement risk and improve cross-border payments.” It analyzes “the causes of non-PvP settlement, takes stock of… Read More

March 27, 2023 @ 9:11 am By Omar Faridi  |  

Finaro, the global cross-border payment provider and fully licensed bank, has announced its European Cloud Commerce deployment with payments technology company Mastercard, Nordic neobank and POS provider, Northmill, and full commerce enablement technology company, NMI. Following Mastercard’s launch in the U.S. in 2021, this partnership… Read More

March 22, 2023 @ 10:33 pm By Omar Faridi  |  

Arf, the Swiss-regulated global settlement banking platform, with support from the Stellar Development Foundation, is now offering what it claims is “the world’s first unsecured, short-term, USDC-based working capital financing solutions for licensed financial institutions.” Making cross-border payments faster, cheaper, and more transparent and inclusive… Read More

March 17, 2023 @ 8:56 am By Omar Faridi  |  

Cross-border payments platform CurrencyFair has announced a partnership with international payments company Thunes, who will support CurrencyFair to offer its money transfer services in 25 new currencies, including Mexican peso, which has now gone live. This represents “a growth in current markets of more than… Read More

March 5, 2023 @ 10:37 pm By Omar Faridi  |  

Modern Treasury, the operating system for the new era of payments, and Silicon Valley Bank, announced the availability of a new global payment solution, which will “allow mutual clients to send cross-border payments more efficiently, predictably, and at a lower cost by leveraging local payment… Read More

March 2, 2023 @ 7:17 pm By Omar Faridi  |  

Tazapay, a Singapore-based cross-border payments provider, has partnered with leading global real-time payments gateway Volt “to add open banking to its growing stack of payment offerings, as it accelerates its international growth plans across the UK and Europe. The partnership will enable Tazapay’s customers “to… Read More

March 2, 2023 @ 7:59 am By Omar Faridi  |  

Wise (LSE:WISE), the global technology company building the best way to move and manage money is rolling out a new look and feel. This comes as the company announced that it has “reached 16 million customers served worldwide, and revealed plans for further global expansion.”… Read More

February 12, 2023 @ 7:54 pm By Omar Faridi  |  

Tazapay, a fintech company specializing in cross-border payments, announced that it has raised $16.9 million in its Series A funding round. Sequoia Capital Southeast Asia led the investment round, “with EscapeVelocity (escp.vc), PayPal Alumni Fund, as well as renowned angel investor Gokul Rajaram joining as… Read More

January 26, 2023 @ 8:56 am By Omar Faridi  |  

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

January 24, 2023 @ 6:53 pm By Omar Faridi  |  

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

January 9, 2023 @ 8:31 am By Omar Faridi  |  

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

January 8, 2023 @ 4:54 pm By Omar Faridi  |  

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

December 28, 2022 @ 9:36 pm By Omar Faridi  |  

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

December 15, 2022 @ 11:48 pm By Omar Faridi  |  

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

December 11, 2022 @ 9:58 pm By Omar Faridi  |  

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