Remove Acquirers Remove IBAN Remove International Payments
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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.

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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. Sokin was founded in 2019 with a simple vision to remove the borders, barriers, and burdens associated with international payments.

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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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Sokin Completes Strategic Acquisition of Norwegian Fintech Settle

Fintech Finance

UK headquartered payments firm Sokin today announces that it has acquired Norwegian fintech Settle Group AS (Settle) for an undisclosed amount. Settle is an app-based payment platform, launched in 2010, that operates across all EU countries. Sokin is currently operating at a transactional volume run-rate of over $4.5

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IFX Payments Announces Record Financial Year With 59% Leap in Profits and Revenue up a Quarter as Demand Grows for International Payment Solutions

Fintech Finance

IFX Payments’ performance comes against a backdrop of a large growth in international payments and a surge in demand for solutions to manage them, such as its flagship ibanq platform. Its growth strategy includes plans to expand into new international markets.

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Fuse Obtains DIFC Licence as it Looks to Capitalise on Growing UAE Digital Remittances Market

The Fintech Times

George Davis , co-founder and CEO of Fuse, discussed the importance of this: “Our mission is to make MENA simple and accessible for global businesses, and this fuelled our decision to work with the DFSA as its understanding of both local and international payments is essential in realising our ambition.

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Finovate Global Netherlands: Investing in Digital Banking and Innovating with AI

Finovate

Indian neobank Jupiter is reportedly in talks to acquire a stake in SBM Bank India, according to TechCrunch. Trinidad and Tobago inked an agreement with NPCI International Payments to build a real-time payments system based on India’s UPI. and EU IBAN payout services to the central European nation.

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