Tagged: Cross-Border Transactions

January 11, 2022 @ 12:59 am By Omar Faridi  |  

Azimo, a firm that claims to enable faster, cheaper global money transfers, has explained that Abono Automático (or automatic deposit) is a legal requirement that Bancolombia customers have to “enable before receiving Colombian pesos (COP) from overseas.” After that, users may deposit COP directly into… Read More

January 11, 2022 @ 12:37 am By Omar Faridi  |  

Remitly, a payments company that leverages digital channels, including mobile phones, to send money internationally, has explained how you can send funds securely to Thailand. Remitly writes in a blog post that if you’re looking for a safe way to send funds to Thailand, then… Read More

January 7, 2022 @ 10:40 am By Omar Faridi  |  

Ned Barker, who has considerable experience in the payments sector, notes in a blog post published by UK-based cross-border payments Fintech CurrencyCloud that remittances are one of the “single most powerful financial forces in existence today, with workers sending hundreds of billions of dollars to their… Read More

January 3, 2022 @ 5:01 am By Omar Faridi  |  

Ham Serunjogi, Co-Founder & CEO at Chipper Cash, a venture-capital-backed Fintech firm that creates software to enable free and instant peer-to-peer cross-border payments, and solutions for businesses to handle online and in-store payments, notes that when him and Maijid and started Chipper Cash in 2018,… Read More

January 2, 2022 @ 5:37 am By Omar Faridi  |  

The team at WorldRemit, a UK-based digital cross-border payments firm, has shared ways to send money to people who don’t have a bank account. WorldRemit writes in a blog post that for many of us, having a bank account is “an everyday thing.” And yet,… Read More

December 23, 2021 @ 8:15 am By Omar Faridi  |  

Visa (NYSE: V) announced it has finalized the acquisition of Currencycloud, an international platform that enables banking institutions and Fintech firms to offer various foreign exchange solutions for cross-border transactions. The acquisition will aim to empower Visa and Currencycloud customers and partners to offer a… Read More

December 6, 2021 @ 10:41 pm By Omar Faridi  |  

UniTeller, a global remittance payments processor with head offices in the US, has reportedly extended its remittance services to more clients residing in the Asia Pacific by teaming up with Malaysia’s cross-border payments Fintech Tranglo. UniTeller’s partnership with Tranglo will enable UniTeller to continue expanding… Read More

December 6, 2021 @ 9:25 pm By Omar Faridi  |  

B2B cross-border payment provider, Verto, has teamed up with payments bank, Banking Circle, in order to streamline global payments for its customers. Utilizing the Banking Circle Virtual IBAN solution, alongside access to Banking Circle’s domestic payment channels, Verto is “addressing the pain points of complicated… Read More

November 30, 2021 @ 8:07 pm By Omar Faridi  |  

London’s Clear Junction has announced that it’s offering solutions to Paynet which aim to support its vision for cross-border payments services from European markets into Moldova. Paynet is reportedly the first digital wallet platform operating in Moldova. It runs one of the most extensive payments… Read More

November 26, 2021 @ 2:06 pm By Omar Faridi  |  

Global payments and card issuance platform Nium and Japanese payments firm, Queen Bee Capital (QBC) have teamed up to improve international transfer offerings for corporate and individual QBC clients across Japan. Through this partnership, QBC will leverage Nium’s advanced pay-out capability to offer real-time, cost-efficient,… Read More

November 18, 2021 @ 2:49 pm By Omar Faridi  |  

As the demand for fast, highly secure, and seamless virtual payments solutions continues to rise, Mastercard (NYSE: MA) has teamed up with Home Remitt in order to support migrants residing in South Africa by safely sending funds in near real-time to their friends and family… Read More

November 14, 2021 @ 8:09 pm By Omar Faridi  |  

Bank Negara Malaysia (BNM) and Payments Network Malaysia (PayNet) will reportedly be taking part in Project Nexus by working cooperatively with various partners on a proof-of-concept (PoC) to enhance the cost and speed of performing international payments. Project Nexus will aim to look into the… Read More

November 7, 2021 @ 10:26 pm By Omar Faridi  |  

Hong Kong-based Currenxie, a cross-border payments platform, reveals that it has introduced a Visa card to offer businesses with a more convenient and secure way to  handle international  transactions. As mentioned in the announcement, the Currenxie Visa Business Card is presently available to the firm’s… Read More

November 4, 2021 @ 9:01 pm By Omar Faridi  |  

Saudi British Bank (SABB) has announced the launch of its Instant Cross-Border Transfer Service for the United States Corridor via the blockchain payment tech powered by Ripple. The launch of this service was confirmed during the fifth edition of “The Future Investment Initiative Institute” led… Read More

November 4, 2021 @ 7:56 am By Omar Faridi  |  

On November 3, 2021 (at 15:00 UTC), Stellar validators had reportedly voted to upgrade the network to Protocol 18, which adds Automated Market Maker (AMM) functionality to the Stellar protocol. As mentioned in an update shared with CI, this makes Stellar one of the earliest… Read More

October 21, 2021 @ 10:36 pm By Omar Faridi  |  

The team at Fintech firm Ripple is pleased to confirm that UAE-headquartered foreign exchange and worldwide money transfer firm, Al Ansari Exchange has joined RippleNet. Via RippleNet Cloud, which is Ripple’s international Cloud-powered financial network tech, Al Ansari Exchange will be connecting with major money… Read More

October 16, 2021 @ 6:46 pm By Omar Faridi  |  

Andrews Federal Credit Union and Fintech Wise have announced a digital remittance integration, which could save a lot of money for members of the Armed Forces – particularly  those residing overseas – directly via their current Andrews Federal banking dashboard. Scheduled to launch later in… Read More

October 10, 2021 @ 7:04 pm By Omar Faridi  |  

UniCredit and J.P. Morgan (NYSE: JPM) have teamed up for the SWIFT Go project – a transformative new service that “enables small businesses and consumers to send fast, highly secure, and competitively priced low-value cross-border payments anywhere in the world.” As mentioned in the announcement:… Read More

September 26, 2021 @ 6:38 pm By Omar Faridi  |  

Velmie, a Fintech and banking software service provider, has launched an FX and cross-border transfers module that is connected to providers like Currencycloud, Rapyd, and Nium. Velmie’s white-label platform is currently capable of supporting international payments and funds transfers with customized integration. Global payments and… Read More

August 9, 2021 @ 10:40 pm By Omar Faridi  |  

The Pakistan Software Houses Association had recommended to the State Bank of Pakistan (SBP) that IT firms should be permitted to use 20% of their export earnings to pay for foreign consultants, digital service providers, vendors (among other requirements) in order to conduct operations and… Read More