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Virtual IBANs Remove Friction From Cross-Border, B2B Payments

PYMNTS

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. . That can be done, she maintained, with the virtual IBAN. .

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Paynetics Agrees To Acquire Some Wirecard UK, Ireland Assets

PYMNTS

Bulgaria's Paynetics said it has agreed to acquire “some of” the England and Ireland assets of disgraced Wirecard, according to an announcement on its website. Paynetics also said it has appointed Mike Peplow chief executive of its U.K. business.

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Virtual Account Numbers Facilitate International Digital Banking

PYMNTS

In an interview with PYMNTS, Lilia Metodieva, managing director at Monneo , said virtual international bank account numbers (IBANs) can help firms gain scale internationally, and customize payments to serve the needs of their end customers. That is where digital banking and the virtual IBANs come in,” she said. to name just a few.

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Sokin & ExCel London Announce Global Payments Partnership

Fintech Finance

It enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform. Headquartered in the UK, Sokin enables more than $4.5

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Morgan Stanley Expansion Capital Acquires Stake in Global Payments Fintech Sokin

Fintech Finance

Investment funds managed by Morgan Stanley Expansion Capital have acquired a stake in UK headquartered payments business Sokin , marking an exciting new chapter for the fast-expanding fintech firm. The post Morgan Stanley Expansion Capital Acquires Stake in Global Payments Fintech Sokin appeared first on FF News | Fintech Finance.

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Monneo launches new card acquiring service

The Paypers

UK-based Virtual IBAN and corporate account provider, Monneo , has launched its new card acquiring service.

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In Europe, Building The ‘Bridge’ Between eCommerce Merchants And Traditional Banks

PYMNTS

The company is a virtual International Bank Account Number (IBAN) provider, working in tandem with a network of Europe-based banks to provide eCommerce merchants with virtual IBANs. The establishment of virtual IBANs, she said, “allows our clients to make digital transfers.” and FX Payments in 134 currencies.

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