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FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. Another company from Singapore featured on the list is Tazapay.
This collaboration leverages Bank Alfalah’s extensive infrastructure to amplify Jingle Pay’s impact on cross-border payments and digital banking, advancing its ambitious vision for the MENAP region. The partnership will create synergies in cross-border payments strengthened by shareholder MoneyGram.
Banking Circle, a Luxembourg-licensed bank specialising in next-generation banking services, is set to acquire Australian Settlements Limited (ASL), an authorised deposit-taking institution. The acquisition is subject to regulatory approvals and other closing conditions, marking a key step in Banking Circle s growth in the Australian market.
Bank Alfalah , a commercial bank in Pakistan with a network of over 1,000 branches, has acquired a stake in Jingle Pay , a UAE-born fintech specialising in cross-border money transfers licensed by the Dubai Financial Services Authority (DFSA). per cent equity in the fintech firm.
which was acquired by Green Dot Corporation. Matt Montes is U.S. general manager at Paysend and has nearly 30 years of financial services experiences, most recently serving as president of Catalina Card Services. He founded and led AccountNow, the first online D2C prepaid debit card company in the U.S.,
NYSE: CPAY), a global corporate payments company, today announced that it has signed a definitive agreement to acquire GPS Capital Markets , LLC. GPS provides business-to-business cross-border and treasury management solutions to upper middle market companies, primarily in the US. Corpay, Inc.
Africhange , a leading cross-border remittance service provider, announced today that its Nigerian subsidiary, Currenzo , has secured the International Money Transfer Operator [IMTO] licence from the Central Bank of Nigeria [CBN]. It also has a reliable settlement partner in Nigeria, ensuring secure processing for local transactions.
The European region presents significant growth opportunities for merchants and acquirers, with consumers increasingly seeking frictionless payment experiences. The European region presents significant growth opportunities for merchants and acquirers, with consumers increasingly seeking frictionless payment experiences.
BPC , a global leader in payment solutions, today announced the release of its latest report, Next-Generation Acquiring: A New Reality of the Digital-Ready Future. To remain competitive, the report emphasises the shift towards Acquiring as a Service (AaaS), reducing costs while ensuring compliance and rapid innovation.
We are committed to advance inclusive growth through AI-powered innovation and collaboration on cross-border travel, trade, commerce and inclusive finance. Among Ant International’s notable progresses in 2024 so far: Alipay+: Ant Internationals cross-border mobile payment and digitalisation technology solutions.
The firm also recently launched operations in New Zealand and acquired Vietnam-based payment firm CTIN Pay. Our unrivaled tech platform and infrastructure spanning the globe provide businesses here with the solution they need to unlock their cross-border opportunities. said Lucy Liu, President and Co-founder, Airwallex.
Cashfree Payments is one of the first fintechs to have received the Payment Aggregator (PA), Payment Aggregator-CrossBorder (PA-CB) and Prepaid Payment Instrument (PPI) licen c es from the RBI. Cashfree Payments is expanding its presence in the UAE region outside of India through its acquired partner, Telr.
In a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-Border Solutions, powered by Currencycloud, shared insights into the acquisition of Currencycloud by Visa, shedding light on the evolution of their collaboration and the impact it has had on global money movement.
FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquirecross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says.
Ant International and BNP Paribas have entered a strategic partnership to enhance cross-border payment solutions for European merchants and consumers. This collaboration aims to streamline cross-border transactions, making them more efficient and accessible for businesses and consumers.
It has been a busy few days for the Central Bank of Brazil as it announces another company has acquired a payment institution (PI) licence. Last week, PagBrasil acquired a PI licence to continue its PIX integration expansion. per cent and an IOF (financial transaction tax) of just 0.38
This collaboration brings together Macro Global’s expertise in cross-border payments technology with Trust Payments’ cutting-edge acquiring solution and the TRU Connect Payment Gateway , delivering a superior customer experience by providing timely and accurate card-based money transfers with robust data security at its core. “By
PayPal is launching its PayPal Complete Payments platform in China, offering seamless cross-border payment solutions. “This partnership delivers a tailored user experience for WooCommerce merchants, enabling cross-border businesses to confidently scale with PayPal’s advanced solutions.”
The partnership is focused on enhancing cross-border payment services for e-commerce merchants in APAC. Unlimit’s global payment portfolio consists of 1,000+ directly integrated payment methods and local acquiring licenses operating across 5 continents. significant surge in import-export volume in 2023. This was driven by a 19.6%
Leading global digital payments company, Checkout.com , today announced its expansion into Japan supported by new direct acquiring capabilities. I’m excited to lead the team and help merchants boost their sales while enabling a whole new digital experience for their customers.”
The announcement is part of a wider partnership through which Checkout.com will act as Zing’s primary global acquiring partner. With direct acquiring available in more than 55 countries, Checkout.com’s global network will also enable Zing to roll out its services to more markets in the future.
Cross-border online payment service provider PrimeiroPay is partnering with Visa payment management platform CyberSource to open high-growth Latin America markets to merchants seeking access to those regions.
As part of its mission to connect and power an inclusive digital economy, Mastercard has signed a strategic agreement with urpay to offer urpay consumers across the Kingdom greater access to an advanced selection of cross-border payment solutions. The portfolio includes Mastercard Cross-Border Services and Mastercard Send.
Customers can continue to use Send App to facilitate faster, easier, and more affordable cross-border money transfers into Malawi. The post Send App by Flutterwave Launches Affordable Cross-Border Payment Services Into Malawi appeared first on FF News | Fintech Finance.
where regulatory requirements are more fragmented across state and federal levels, Airwallex is likely to consider acquiring an existing bank to simplify the process of obtaining regulatory approval. In the U.S.,
As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. .
Cross-pollination in financial services — leveraging payments across digital and physical channels — is an emerging trend, especially when it comes to cross-border transactions, and especially with remittances.
The European Union’s leading bank, BNP Paribas and Ant International , a digital payment and financial technology leader, have formed a strategic partnership to enhance cross-border payment solutions for merchants and consumers in Europe.
Ripple will acquire Hidden Road for $1.25 Blockchain and crypto solutions company Ripple announced plans to acquire multi-asset prime brokerage company Hidden Road for $1.25 billion, making it the first crypto company to own and operate a global, multi-asset prime broker.
Airwallex , the global payments and financial platform for growing businesses, is set to acquire CTIN Pay , a Vietnam-based Intermediary Payment Service (IPS). By addressing financial challenges in these markets, we empower local businesses to expand beyond borders.
PEXX, a fintech startup specialising in stablecoin cross-border payments, has acquired Singapore-based blockchain media platform Chain Debrief. The post PEXX Acquires Blockchain Media Platform Chain Debrief After US$4.5M The acquisition, made for an undisclosed amount, follows PEXX’s recent US$4.5
Most enterprise businesses are overpaying, whether it’s on interchange fees , gateway costs, cross-border surcharges , or simply because they havent renegotiated in years.
By integrating this service provider, M-DAQ Global seeks to strengthen its B2B solutions for foreign exchange and cross-border payments. This development follows M-DAQ Global’s previous acquisition of Wallex in 2022 , a cross-border payments provider with a presence in Singapore, Indonesia, and Hong Kong.
Future plans include savings and remittance products, designed to streamline cross-border financial transactions. KAST has partnered with Bridge, a platform recently acquired by Stripe, to enhance its offerings. The platforms features support payments for imports, travel, and remote work.
Together with our local strategic partners Telr, our combined solution ensures access to popular payment methods, improved performance through local acquiring, and flexible remittance solutions, making their expansion into the UAE both seamless and successful. The full list of benefits of Worldlines e-commerce solution can be found here.
It has established local acquiring capabilities across more than 40 countries and regions, including six core Southeast Asian marketsIndonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam. Failure to accommodate these preferences often leads to abandoned transactions and lost revenue.
PayRetailers, a leading payment service provider in Latin America, has secured official authorization from the Comisin para el Mercado Financiero (CMF) to continue conducting cross-borderacquiring activities in Chile.
AstroPay , a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted Payment Institution (PI) license issued by the Central Bank of Brazil. The companys streamlined approach to cross-border payments delivers substantial savings for users.
Cross-border remittance service provider, Africhange has improved its ability to facilitate inward remittances for immigrants and diaspora communities sending money to Nigeria as its Nigerian subsidiary, Currenzo , secures the International Money Transfer Operator (IMTO) licence from the Central Bank of Nigeria (CBN).
Ebury , the global financial technology firm that empowers small- and medium-sized businesses to trade and grow internationally, is pleased to announce it has entered into an agreement to acquire ArcaPay , a Lithuanian-based specialist provider of B2B cross-border payment solutions.
The Acquiring Bank The acquiring bank receives funds on behalf of the merchant. Fraud Risks Cross-border transactions have twice the fraud risk compared to domestic payments, leading to stricter verification measures. The Customer The person making the payment.
TransUnion Acquires Trans Union de Mexico from Mexico’s Largest Credit Bureau International information and insights company TransUnion has signed a definitive agreement to acquire majority ownership of Trans Union de Mexico, the consumer credit business of Mexico’s largest credit bureau, Bur de Crdito.
Sokin will enhance global payments at Excel, soon to be Europe’s largest fully integrated events venue, by streamlining cross-border transactions, increasing efficiencies and reducing costs. Financial technology specialist Sokin has today announced it has become the Official Global Payments Partner of Excel London.
Billions of dollars in investments are pouring into digital payments, but the hefty numbers obscure a regulatory and competitive squeeze that could shut banks out of the profits for good.
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