Tagged: Cross-Border Transactions

October 1, 2026 @ 7:43 am By Omar Faridi  |  

Small and mid-sized firms that sell or buy across borders are preparing to change how they move money. A Mastercard (NYSE: MA) study produced with Bain & Company finds that 91 percent of internationally active SMEs expect to leave their current cross-border payment provider within… Read More

August 12, 2026 @ 8:11 am By Omar Faridi  |  

Members of the BRICS grouping are examining ways to interconnect their national fast payment platforms and central bank digital currencies (CBDCs). The aim is to lower the high costs and lengthy delays that currently characterize many international money transfers, according to recent comments from India’s… Read More

June 16, 2026 @ 11:59 pm By Omar Faridi  |  

mBridge, a China-supported initiative aimed at transforming international financial transactions is poised to enter its commercial phase. The project, centered on a blockchain-enabled platform for settling payments across borders using digital currencies issued by central banks, promises faster, cheaper, and more direct exchanges that could… Read More

June 10, 2026 @ 5:08 pm By Omar Faridi  |  

Backbase has formed a strategic alliance with Mastercard (NYSE:MA). The partnership integrates Mastercard’s advanced global money movement solutions—known collectively as Mastercard Move—directly into Backbase’s AI-powered Banking Operating System. This development now aims to help banks worldwide roll out faster, more efficient international payment services with minimal… Read More

June 2, 2026 @ 2:12 am By Omar Faridi  |  

Global financial messaging network SWIFT has rolled out a comprehensive new payments scheme tailored specifically for consumer and small business transactions. This initiative, developed in close collaboration with leading banks worldwide, aims to deliver improved levels of speed, overall cost transparency, predictability, and reliability to… Read More

April 23, 2026 @ 7:34 am By Omar Faridi  |  

Juniper Research has released a timely complimentary whitepaper that spotlights a pivotal shift in the payments sector. Titled Payment Rails Without Borders: The Rise of Stablecoins, the latest research report by analyst Jawad Jahan examines how these digital assets are evolving from niche tools into… Read More

April 22, 2026 @ 8:17 am By Omar Faridi  |  

Thunes has introduced real-time payment capabilities directly into New Zealand, marking a significant step forward in its expansion across the Asia-Pacific region. Members of the company’s Direct Global Network can now execute instant transfers to local bank accounts, delivering faster and more transparent options for… Read More

April 8, 2026 @ 7:34 pm By Omar Faridi  |  

UK-headquartered money transfer Fintech firm Paysend has reportedly acquired $25 million in follow-on investments from Claret Capital Partners. Established back in 2017, Paysend currently serves over 12 million customers and enables cross-border transactions in over 170 countries. Claret had first invested in the Fintech firm… Read More

March 18, 2026 @ 10:20 am By Omar Faridi  |  

Singapore-based payment infrastructure provider Thunes has announced a groundbreaking development that promises to transform cross-border transactions. The company now enables financial institutions to execute immediate payouts to stablecoin wallets by leveraging their established SWIFT connections, eliminating the need for any new technical setups. This latest… Read More

March 10, 2026 @ 1:54 am By Omar Faridi  |  

A whitepaper from Juniper Research sheds light on the accelerating overhaul of global cross-border payment systems. Titled, The Transformation of Cross-Border Payment Infrastructure, the report explores how traditional networks, innovative fintechs, and emerging technologies are reshaping international money movement for businesses, consumers, and financial institutions…. Read More

February 12, 2026 @ 10:35 am By Omar Faridi  |  

Ripple Labs has submitted a detailed response to the U.S. Federal Reserve‘s request for input on a new payment account prototype. This initiative, outlined in Docket OP-1877, aims to enhance the efficiency and security of the nation’s financial infrastructure by allowing select non-bank entities, such… Read More

January 23, 2026 @ 2:35 am By Omar Faridi  |  

Thunes has teamed up with UnionPay International to introduce a streamlined system for sending money directly to mainland China. This collaboration enhances the efficiency of international transfers, making them quicker, more dependable, and clearer for users worldwide. By establishing a direct link between Thunes’ extensive… Read More

December 1, 2025 @ 6:00 pm By Omar Faridi  |  

Ripple, a financial technology company providing crypto solutions for businesses, announced that the Monetary Authority of Singapore (MAS) has approved an “expanded scope” of payment activities for the Major Payment Institution (MPI) license held by its Singapore subsidiary, Ripple Markets APAC Pte. Ltd. (RMA). With… Read More

October 2, 2025 @ 9:08 am By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments, today announced the launch of Global Collections for banks, a solution designed to allow banks to offer local currency receivables to their customers in multiple countries. Nium’s Global Collections is a white-label solution that “enables banks to… Read More

September 20, 2025 @ 12:12 pm By Omar Faridi  |  

Bivial, a Zurich-based financial technology company, has unveiled its latest update: instant 24/7 Swiss Franc (CHF) payments. Announced this month, this service aims to transform how businesses and individuals handle cross-border transactions in one of the world’s most stable currencies. As global trade accelerates and… Read More

September 9, 2025 @ 8:47 am By Omar Faridi  |  

Wise (LON:WISE), the global technology company building what it thinks is the best way to move and manage the world’s money, announced an expansion of its North American office hub in Austin. The company will aim to increase its current office space “by 200% to… Read More

August 4, 2025 @ 11:30 am By Omar Faridi  |  

London-based fintech startup Due has announced the launch of its cutting-edge Stablecoin Payments API, alongside an extension of its seed funding round to $7.3 million. Founded in 2022 by Revolut alumni, Due aims to dismantle the inefficiencies of traditional cross-border payments by leveraging blockchain technology… Read More

July 24, 2025 @ 8:12 am By Omar Faridi  |  

Airwallex, a global payments and financial platform for businesses, announced it has secured a Payment Service License in Israel. This milestone marks a step forward in Airwallex’s global expansion and underscores the company’s commitment to regulatory compliance and customer trust. With this license, Airwallex is… Read More

June 25, 2025 @ 12:47 pm By Omar Faridi  |  

In a step toward enhancing global financial operations, Remitly, a digital remittance provider, has launched its International Business Payments service, announced on June 18, 2025. This new offering expands Remitly’s portfolio beyond consumer remittances, catering specifically to businesses, freelancers, and sole proprietors seeking fast, reliable,… Read More

June 23, 2025 @ 5:08 pm By Omar Faridi  |  

The global economic landscape is undergoing significant shifts, with Asia’s export markets and the transformation of cross-border payments taking center stage. Recent insights from Citigroup highlight two critical developments: the potential for an export payback in Asia and the ongoing migration to the ISO 20022… Read More