Tagged: Cross-Border Transactions

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

Philippines based I-Remit, Ripple to Leverage On-Demand Liquidity for Treasury Management

Ripple, the provider of enterprise blockchain and crypto solutions, announced that I-Remit, the largest non-bank remittance service provider in the Philippines, will “expand its use of Ripple’s On-Demand Liquidity (ODL) solution to improve its cross-border treasury flows.” As a partner of Ripple since 2018, I-Remit… 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

CIBC to Offer No-Fee Same-Day Cash Pick Up Abroad with Assistance from MoneyGram

To help clients save time, increase convenience and remove barriers to sending and receiving funds abroad, CIBC announced the expansion of its Global Money Transfer (GMT) service “to include cash pick up through MoneyGram, a global leader in the evolution of digital P2P payments, enabling… Read More

Fintech Ripple Introduces Crypto-powered Enterprise Payments in Brazil

Ripple, the provider of enterprise blockchain and cryptocurrency solutions, announced the launch of RippleNet’s On-Demand Liquidity (ODL) in Brazil with Travelex Bank, “the first bank in Latin America to utilize ODL.” Travelex is the first bank registered and “approved by the Central Bank of Brazil… Read More

Thailand’s National ITMX, NETS Enhance Cross-Border QR Payments

Network for Electronic Transfers (NETS), which is Singapore’s payment services group, and National ITMX, Thailand’s inter-bank payment infrastructure and central data processing system, recently confirmed the expansion of their cross-border QR payment partnership. This collaboration will aim to support inbound and outbound international payments between… Read More

Everest Teams Up with Bitso to Support Cross-Border Payments

Bitso, the cryptocurrency platform in Latin America with over 5 million users, and Everest, the “first” licensed crypto custodian offering stablecoins, announced their partnership to provide Everest users “with the ability to receive cross-border transactions from the US, Europe, and Singapore into Mexico.” The Mexico-US… Read More

Binance Pay, Bolt Global Implement Web3 Social Experience in Bolt+

Binance Pay, a contactless, borderless, and secure user-to-user cryptocurrency payment feature by Binance, announced its partnership with Bolt Global, a technology company that builds platforms and services “for the next generation of the internet.” The partnership will “allow Binance users from over 150 countries to… Read More

Nova Poshta Teams Up with Clear Junction to Support Cross-Border Payments

Clear Junction has recently announced it is providing a range of cross-border payments services to NovaPay, the payment arm of one of the “major” retail logistics brands in Ukraine. The Nova Poshta group is a postal and courier company that “provides express delivery services for… Read More

Fintech Ripple and FINCI Introduce Benefits of On-Demand Liquidity to Lithuania

Ripple, which claims to be the “leader” in enterprise blockchain and crypto solutions, announced a partnership with FINCI, the Lithuanian online international money transfer provider, “to deliver instant and cost-effective retail remittances and business to business (B2B) payments via RippleNet’s On-Demand Liquidity (ODL), which leverages… Read More

Fintech Rapyd Introduces Virtual Accounts, a Payments Solution Unlocking Cross-Border Commerce

Rapyd, an international Fintech-as-a-service platform, announced the launch of Virtual Accounts, a vital product “empowering businesses to expand globally while supporting local payments.” This new product offering enables organizations anywhere “to securely and reliably accept local bank transfers across over 40 countries in more than… Read More

EBA CLEARING, SWIFT, The Clearing House to Offer Pilot Service for Faster Cross-Border Payments

EBA CLEARING, SWIFT and The Clearing House (TCH) announced that they intend to introduce a pilot service for “immediate” cross-border (IXB) payments “with the support of banks from both sides of the Atlantic.” The pilot service “is scheduled to begin by the end of this… Read More

Fintech EBANX Partners with VTEX to Support Cross-border Payments in Latin America

EBANX, a payments Fintech with an international presence, and VTEX, a digital commerce platform for large firms and retailers, has announced a partnership aimed at “broadening cross-border payments for Brazilian e-commerce companies in Latin America.” Via this collaboration, Brazilian firms will be able to enjoy… Read More

Arf Introduces Transactional Stablecoin-powered Working Capital Credit Line for MSBs

Arf, which claims to be the first compliant cross-border payment network running on stablecoins, has announced the upcoming launch of its product, Arf Credit. Arf Credit will offer “an instant working capital credit line for MSBs worldwide.: Traditionally, when a money service business (MSB) wants… Read More

Rewire to Offer Financial Services to Lebara UK Clients

Rewire, which claims to be the first digital financial services platform for migrant workers, has entered a partnership agreement with value SIM provider Lebara. The collaboration should give Rewire access to Lebara’s UK client base, the opportunity to fast-track its growth in the United Kingdom… Read More

Airwallex Teams Up with Plum to Support its Stock Investing Feature

Airwallex, an international Fintech platform, recently announced its partnership with investing app, Plum, in order to support its cross-border payments and FX requirements. Airwallex was selected as Plum’s international payments and FX partner “to support the launch of Plum’s new stock investing feature that will… Read More

Banking Circle Whitepaper Examines Opportunities, Challenges for Cross-Border Trade

In their latest white paper, ‘Payments without barriers: Focus on Denmark’, the team at Banking Circle has looked into the opportunities and challenges for cross-border trade in the country. Although slow settlement times and high costs are a barrier for firms wanting to trade in… Read More

Wise Teams Up with Tencent Financial Technology to Streamline Global Money Transfers to China via Weixin

Wise clients across the globe will now have the option to conduct quick, seamless and cost-effective global fund transfers to Weixin users residing in China from 11 different currencies, including SGD, USD and GBP. Wise (LON:WISE), the international tech firm focused on creating the best… Read More

London based Fintech PayAlly Awarded EMI License by the FCA

Established back in 2017 by Rafal Andzejevski and Maxim Ivanchenko, London-headquartered payments Fintech PayAlly has reportedly acquired an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). Supporting the Authorized Payment Institution license currently held by the Fintech company, this new permit… Read More

Ripple, through its Payments Network RippleNet, Serves as Viable Alternative Offering Efficient Global Transfers

The term “gray market” might conjure up images of “nefarious” actors exchanging cash in “shadowy alleys,” the team at American Fintech Ripple writes in a blog post. In reality, however, gray markets have become an “unfortunate necessity” for those entities that may lack the financial… Read More

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