Tagged: international payments

Network International Launches Tap on Phone Technology in the MENA Region

Around 500,000 new merchants across the MENA region will soon be able to take advantage of seamless and convenient virtual payment acceptance via Network International’s Tap on Phone tech, which enables smartphones to serve as payment terminals. The project represents a key milestone between Mastercard… Read More

Virtual Banking: Philippines based Netbank Introduces Netizen Mobile Banking App in Beta Mode

The Netizen Mobile Banking App by Netbank is reportedly scheduled to launch its Beta Release Testing Program during the fourth week of January 2022 which will provide participants an opportunity to experience the platform’s banking services and features. As mentioned in a release shared with… Read More

Moneycorp Americas Expands its In-Country Payment Capabilities

Moneycorp Americas, a provider of international payments and FX risk management solutions, has reportedly expanded its in-country payment capabilities by providing access to alternative payment channels in the APAC area, LatAm, as well as other world regions. As mentioned in a release, this fortified infrastructure… Read More

Cross-Border Payments Fintech Routefusion Secures $10.5M from Canvas Ventures, Silverton Partners, Others

Routefusion, which claims to offer the most “comprehensive” Fintech solution for unlocking global expansion, has announced their $10.5 million seed “prime” funding round co-led by Canvas Ventures and Silverton Partners along with contributions from other investors. Other parties in Routefusion’s investment round reportedly include: Haymaker… 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

European Lender Mintos Says it Has Removed Cautionary Measures for Firms in Kazakhstan Following Unrest

European lender Mintos writes in an extensive update that the Internet connections in Kazakhstan has now been restored, and the restrictions on international payments “were lifted.” The team at Mintos also mentioned that they’ve received proof of payment from all their lending firms from Kazakhstan…. Read More

Remittance Payments Expected to Grow Almost 5% in 2022, Paysend Reports

The team at Paysend notes that “remittance” is defined (according to Merriam Webster) as a transmittal of money to a distant place such as another country. As noted in an update from Paysend, this transmission of money may be done via traditional money management methods like… Read More

Global Fintech Azimo Explains How to Receive Payments in Colombia by Completing Certain Legal Requirements

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

Digital Payments Fintech Remitly Explains How to Send Money to Thailand

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

Cloud enabled Currencycloud Platform Enables Real-Time FX and Payments As Remittances Market Continues to Expand

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

Fintech Wise Explains Why their Payment Options Might Be Better than Other Service Providers

If you’ve sent or received a payment from a friend or family member, you might have used either Zelle or Venmo to complete the transaction. These Fintech payment services enable consumers to send and receive local personal payments easily, with simply an email address or… Read More

Cross-Border Payments Fintech WorldRemit Shares Ways to Send Funds to Consumers Without a Bank Account

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

Taptap Send Secures $65M via Series B to Enhance Cross-Border Fintech Platform

Taptap Send, a community-focused cross-border financial platform, has announced a $65M Series B round led by Spark Capital, along with contributions from Unbound and previous leads Reid Hoffman and Canaan Partners, along with Slow Ventures, Breyer Capital, Wamda Capital, Flourish Ventures, and additional investors from… Read More

Visa Finalizes Acquisition of UK Cross-Border Fintech Currencycloud

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

UniTeller, a Remittance Payments Provider, Extends Services to APAC Clients with Assistance from Tranglo

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

B2B Cross-Border Payment Provider, Verto, Partners with Payments Fintech Banking Circle

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

UK’s Clear Junction to Assist Paynet with Supporting Cross-Border Payments

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

Queen Bee Capital and Nium Team Up to Streamline Cross-Border Payments via Japan

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

Mastercard Teams Up with Home Remitt to Support Migrant Workers with Sending Funds Abroad in Near Real-Time

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

Bank of Negara Malaysia and Payments Network Malaysia or PayNet to Enhance Cross-Border Transactions

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

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