Tagged: international payments

August 3, 2021 @ 6:20 pm By Omar Faridi  |  

Digital bank Revolut, which offers a financial Super App with 16 million clients globally, reveals that it has simplified cross-border transactions between the US and Mexico with the introduction of its US-Mexico remittance corridor. With this launch, Revolut clients in the US and Mexico are… Read More

July 29, 2021 @ 2:01 am By Omar Faridi  |  

SWIFT reveals that it has launched SWIFT Go, a service that enables small businesses and consumers to send “fast, predictable, highly secure, and competitively priced low-value” cross-border payments across the globe. Payments may be sent directly from users’ bank accounts. Seven international banking institutions, which… Read More

July 24, 2021 @ 7:30 pm By Omar Faridi  |  

Banking Circle, the Payments Bank for the digital economy, has chosen SIA, an established European hi-tech firm in payment services and infrastructures, controlled by CDP Equity, in order to introduce its instant payments service in Europe “connecting to the TARGET Instant Payment Settlement (TIPS) service… Read More

July 21, 2021 @ 2:38 am By Omar Faridi  |  

As embedded finance continues to transform the financial services sector, Currencycloud questions how banks will shape that future. The cross-border payments Fintech notes that this is the question “on the minds of industry insiders — and with the rise of embedded finance, it’s never been… Read More

July 18, 2021 @ 11:33 am By Omar Faridi  |  

Kristo Käärmann, Co-founder and CEO of Wise (previously dba TransferWise), which aims to make money work without borders, notes that they’re building the world’s most international account. 1/ @Wise Q2 Mission Update is here. Our team is 2,600 people now. How much progress did we… Read More

July 11, 2021 @ 3:37 pm By Omar Faridi  |  

Asheesh Birla, GM – RippleNet at American Fintech Ripple, which is currently involved in a lawsuit from the US Securities and Exchange Commission (SEC), recently published a blog post, titled, “Evolving RippleNet for a Tokenized Future.” Birla writes that cryptocurrency and blockchain or DLT are… Read More

July 9, 2021 @ 12:24 am By Omar Faridi  |  

Full-service payment service provider (PSP) of local digital payment solutions, Paymaster24, has reportedly chosen Banking Circle in order to improve its existing service proposition for merchants. Importantly, the collaboration with Banking Circle should assist Paymaster24 with speeding up payments while offering additional currencies to its… Read More

June 29, 2021 @ 11:51 pm By Omar Faridi  |  

Crown Agents Bank Ltd confirms that it has been chosen as a new banking partner by Cambridge Global Payments, a FLEETCOR firm and a provider of integrated cross-border payments and currency risk management services. Through the partnership with Crown Agents Bank, Cambridge will be able… Read More

June 29, 2021 @ 10:13 pm By Omar Faridi  |  

Siam Commercial Bank (BKK: SCB), which is Thailand’s first and oldest banking institution, and Thunes, an established international payments firm, revealed on Tuesday (June 29, 2021) that they have teamed up to allow individual customers and businesses overseas to send money to Thailand. The cross-border… Read More

June 23, 2021 @ 11:51 pm By Omar Faridi  |  

Neobanking platform Yapeal has started offering cross-border money transfers to its clients through Fintech Wise (formerly Transferwise and now pursuing listing on the LSE). Through the partnership, Yapeal will work with Wise to make cross-border transactions fast, simple, and cheap for their app’s users. Wise,… Read More

June 19, 2021 @ 2:33 pm By Omar Faridi  |  

SendSpend, the remittance and wallet app, reveals that it has acquired the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). The company will now be able to issue digital money and offer cross-border remittance services from its UK head offices. SendSpend… Read More

June 14, 2021 @ 11:05 pm By Omar Faridi  |  

Roxe, a global payment network, revealed on Friday (June 11, 2021) that it has officially launched  the Roxe Payment Protocol (RPP), which is described as an open, decentralized and peer-to-peer payments protocol developed to offer wholesale foreign exchange rates to individuals, payment firms, banking institutions… Read More

June 14, 2021 @ 8:30 am By Omar Faridi  |  

The Swiss National Bank, the Banque de France and the BIS Innovation Hub and a private sector consortium being led by Accenture will be carrying out a pilot program by using wholesale central bank digital currencies (CBDCs) for settling cross-border transfers. The private sector consortium… Read More

June 8, 2021 @ 7:32 am By Omar Faridi  |  

Bottlepay, an international payments app provider, has introduced its services across Europe, enabling clients to perform instant, cost-effective cross-border transactions with Euros and Bitcoin (BTC). The Bottlepay app leverages the Lightning Network (LN), a layer-2 Bitcoin payments scalability solution, in order to conduct faster transfers…. Read More

June 7, 2021 @ 8:15 am By Omar Faridi  |  

PayAlly, a fully integrated payments ecosystem for small businesses, is reportedly using Banking Circle solutions to enhance its multi-currency B2B cross-border payments platform. Through the partnership, PayAlly will be able access a wider range of payment channels via the Banking Circle super-correspondent banking network. This… Read More

June 1, 2021 @ 10:20 pm By Omar Faridi  |  

UK-based Fintech firm Wise (formerly doing business as TransferWise) has introduced remittance services in India, as the company looks to expand its operations globally with a new office in Mumbai. This move by London-headquartered Wise has come after the company began supporting Google Pay users… Read More

May 19, 2021 @ 7:47 am By Omar Faridi  |  

Swiss banking software firm Temenos has revealed that cross-border payments Fintech Wise (previously doing business as TransferWise) has now gone live on Temenos Marketplace. The Temenos Marketplace  reportedly includes more than 50 curated Fintech services, helping  Temenos’ customers to innovate and differentiate their product lines…. Read More

May 16, 2021 @ 11:48 pm By Omar Faridi  |  

UK-based Paysend, a Fintech firm with the goal to develop the “next generation” of integrated global payment solutions that will save time, money and serve millions, has announced that it will be expanding its operations to the APAC region. Paysend reports reaching over 3.5 million… Read More

May 14, 2021 @ 12:37 am By Omar Faridi  |  

Global financial infrastructure provider, Banking Circle, has reportedly joined the P27 Nordic payment initiative as a “front-runner” bank in developing “bulk-clearing” for the Danish Krone, “underlining its commitment to building a global payments infrastructure.” P27 has been recognized as an important initiative to address the… Read More

May 12, 2021 @ 10:32 pm By Omar Faridi  |  

The reserve bank of Bahrain is reportedly working with J.P. Morgan (NYSE:JPM) and Bank ABC in order to launch a real-time cross-border payments system (as part of a digital currency settlement pilot program). Bank ABC and J.P. Morgan will be conducting tests including the transfer of… Read More