Tagged: Cross-Border Transactions

Cross-Border Payments: International Remittance Capability Introduced by DailyPay

DailyPay, a worktech company, is expanding globally in more ways than one. DailyPay stated that it now focused on broadening the reach of its platform by adding a new feature: International Remittances. The International Remittances feature will enable DailyPay users to send funds at the… Read More

Global Fintech Nium Launches Real-Time Bank Account Verification Solution

Nium, the global infrastructure for real-time cross-border payments,  announced the launch of Nium Verify, a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Designed to empower businesses with instant verification of beneficiary bank account details, Nium Verify aims to… Read More

Payments Fintech Nium Enables Financial Institutions to Connect to Real-Time Payment Network via Swift

Nium, the infrastructure for real-time cross-border payments, has recently announced that financial institutions are now able to leverage the Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network. This connection provides a cost-effective solution for financial institutions to connect… Read More

Global Payments Fintech Wise Reportedly Gains Direct Access to Japan’s Payment Clearing Network

UK-headquartered Fintech Wise (LSE:WISE) has reportedly gained direct access to Japan’s payment clearing network. As first reported by Reuters, Wise is said to have become the first foreign company to receive approval for direct access to Japan’s bank payment clearing network (know as Zengin). Wise has… Read More

TeleMoney, the International Remittance Unit of Arab National Bank, Joins Thunes Direct Global Network

Thunes, the Smart Superhighway for money movement around the world, announces a strategic alliance with TeleMoney, the International Remittance arm of Arab National Bank (ANB). This collaboration marks a significant milestone, “as TeleMoney’s membership in the Thunes Direct Global Network underscores the growing trust that… Read More

TerraPay Establishes Council with Digital Wallets to Enable Cross-Border Payments Interoperability

TerraPay, a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions. Together, these operators serve millions of wallet users, “spanning regions… Read More

Global Fintech Wise Plans to Sign Up More Clients in India, Will Focus on Acquiring Larger Share of Remittances Market

Wise Payments Ltd. intends to begin signing up new clients in India for global remittances following a pause. This will be done to potentially acquire a larger share of a market that’s reportedly grown to $32 billion. The London-headquartered Fintech has stopped taking additional clients… Read More

UK’s Atlantic Money Announces Launch of Web Platform

Atlantic Money, which claims to be the world’s first money transfer service with a fixed fee and real rates, announced the launch of its web platform. The new robust desktop experience caters “to Atlantic Money’s over 10,000 customers who transfer significantly higher volumes than typical… Read More

Fintech Airwallex Expands Payment Acceptance to the US

Airwallex, a global payments and financial platform for modern businesses, today announced the U.S. launch of its payment acceptance solution. U.S.-based merchants can use the service “to accept payments from domestic and international customers.” Additionally, foreign merchants with U.S. entities can “provide a localized payment… Read More

Claire Huddleston from Clear Junction Explains How Digitization and Remittances Can Boost Economic Development

In the face of a highly fragmented financial services landscape and varying levels of maturity across its markets, Claire Huddleston, Sales and Marketing Director at Clear Junction, explains how digitization and remittances can drive Africa’s continuing economic development. Huddleston also talks about the key economic… Read More

Norlantic Capital Introduces Cross-Border Platform to Provide Investors Diversified Access to US Middle Market

Norlantic Capital, a cross-border private markets firm, was established specifically to provide next-gen private equity investors—European and U.S. high-net-worth individuals, wealth managers, and family offices—diversified access to one of the most dynamic, diversified, and “fast-growing” markets in the world. The firm claims that it offers… Read More

Efficient Cross-Border Payment Services have Potential to Improve Lives by Enabling Economic Growth – Report

Faster, cheaper, and more transparent cross-border payment services have “the potential to improve many lives by supporting economic growth, international trade, global development, and financial inclusion.” This, according to an update shared by the International Monetary Fund (IMF). The Group of Twenty has prioritized such… Read More

Cross-Border Payments Represent One-Sixth of All Transaction Values Globally, Estimated to Increase to $250T+ in Value by 2027 – Report

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

UK Fintech Wise Reports Increase in Profits As High Interest Rates Boost Earnings

Wise plc (LSE:WISE) has posted unaudited interim results for the six months ended September 30, 2023. Wise is a leading Fintech based in the UK but providing services globally. In the first six months of this year, Wise says that it continued “to make progress… Read More

Malaysia’s Maybank Expands Cross-Border Services to China, Enhances ASEAN Financial Integration

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

Fintech Ripple Streamlines Payments Experience to Enable Enterprise Crypto Adoption

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

Cross-Border Payments Report: Consumers Continue to Seek Streamlined Remittances Experiences

Mastercard’s (NYSE: MA) new borderless payments report reveals consumers globally are setting up side hustles and considering working or living abroad, prompting the acceleration of cross-border payments. Small businesses are also increasingly “reliant on international payment networks with three in five sourcing more suppliers internationally… Read More

Visa, Currencycloud Introduce New Cross-Border Payments Solution

Visa Inc. (NYSE: V) and Currencycloud, the firm simplifying business in a multi-currency world, announces Visa Cross-Border Solutions, formerly known as Visa Treasury as a Service, delivering cross-border money movement solutions for banks, Fintechs, FX brokers, corporates, and other payment institutions. Visa Cross-Border Solutions reportedly… Read More

Corpay Cross-Border Introduces Payments GPS for Live Payment Tracking

Corpay, a FLEETCOR (NYSE: FLT) brand and global leader in business payments, is proud to announce that Corpay’s Cross-Border business has launched Payments GPS, a proprietary tracking technology that allows clients and partners to monitor payments in real time. Leveraging various technologies, “including SWIFT GPI… Read More

Financial Services for SMEs: WorldFirst’s 1688 Global Sourcing Integration Sees Steady Adoption

WorldFirst, a “one-stop” global payment and financial services platform for SMEs engaged in cross-border trade, reported that international SME buyers have increasingly “adopted the WorldFirst Cross-border Pay solution for 1688, one of China’s top wholesale marketplaces, as SMEs worldwide seek cost-effective sourcing options to stay… Read More

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