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Wise announced plans to open a new operational hub in Hyderabad, India, and has launched a new service for Indian businesses and freelancers to receive internationalpayments. The team will be led by Smrithi Ravi, the companys APAC Head of Engineering, who will relocate from Singapore to oversee the new hub.
In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. APAC leads the world in digital wallet adoption.
The partnership will enable Zempler Bank to launch a new Outbound InternationalPayments service that will allow its customers to make internationalpayments in both USD and EUR. Money movement innovator Wise Platform has partnered with UK-based digital bank Zempler Bank.
TransferMate, part of CluneTech, operates an extensive payments network supporting transactions in over 200 countries and 140 currencies. The partnership with Lightnet is expected to expand the reach and efficiency of internationalpayments for businesses. This partnership is a positive step in achieving these objectives.”
The event will feature four innovative stages and speakers from 22 countries, including 15 APAC markets. These verticals include banking, payments, lending, digital wallets, blockchain and distributed ledgers, cybersecurity, data and analytics, and cloud services.
dLocal, the leading cross-border payment platform specializing in emerging markets, today announced a strategic partnership with MoneyGram, a leading global financial technology company that connects the world’s communities.
The innovation helps enable travelers to add funds to their TourCard digital account with Bank of Shanghai from another source, helping to make the payment experience smoother when settling expenses locally.
Wise’s Asia Pacific (APAC) operations have become the company’s second-largest revenue contributor, with a 33.7% Singapore is a central location for Wise’s APAC operations, with over 500 employees. Singapore is a central location for Wise’s APAC operations, with over 500 employees. year-over-year increase in FY24.
This integration signifies Singapore as the inaugural country where Wise has connected with two local payment systems, building on its previous integration with the FAST system in 2022. In a broader regional expansion, Wise Platform has initiated collaborations with Hong Kong’s Mox to offer simplified internationalpayment solutions.
The collaboration integrates BNY’s payment infrastructure with FOMO Pay’s offerings. This includes QR code payment settlements and multi-currency transaction capabilities, providing businesses with more secure and streamlined internationalpayment options.
JCB International , Japan’s internationalpayment brand, is expanding its global partnership with Nuvei Corporation , the Canadian fintech company, to include the Asia-Pacific (APAC) region. Nuvei also explained that the development is particularly significant for its customers in the APAC region.
Wise’s office space in Paya Lebar Quarter has been expanded to 23,000 square feet, making it its Asia Pacific (APAC) hub, where 450 employees work—more than double the number in 2022. Arvind Guruprasad has also joined Wise in Singapore as its APAC Head of Risk. Wise says its customer base in Singapore has grown 26% year-on-year (YoY).
In February 2022, OPAL introduced its flagship product, the Global Digital Business Account, aimed at providing small- and mid-sized enterprises (SMEs) with an efficient and convenient way to handle internationalpayments and cross-border banking.
JCB International Co., JCB"), Japan's only internationalpayment brand, today announced that it has expanded its global partnership with Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, to include Singapore and Hong Kong.
Sanjay Tripathy Sanjay Tripathy, Co-founder and CEO BriskPe said, “Our collaboration with Currencycloud aligns perfectly with our mission to eliminate the complexities associated with international collections for MSMEs by simplifying internationalpayments.
We’re delighted to partner with Wise Platform to bring that to life, enabling DeepPocket users to access cheaper and faster internationalpayments seamlessly within the app.
Nium , the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.
Australia-founded global payments platform Airwallex has appointed Andrew Balint as VP, marketing, APAC (ex-China).Balint Founder Abdul Abdulkerimov said the milestone reflects the significant impact its payment technology platform has on millions of consumers and enterprises worldwide.
She has over two decades of experience in leading global marketing teams across the US, EMEA and APAC. Based in Sydney, Anthony will be responsible for leading FNZs strategy in the region, enhancing client partnerships, and ensuring the delivery of market-leading wealth management solutions to financial institutions across APAC.
Top 100 Cross-Border Payment Companies for 2024, Source: FXC Intelligence, Apr 2024 The Top 100 Cross-Border Payment Companies for 2024 list encompasses companies operating across consumer money transfers and remittances, business-to-business (B2B) payments, e-commerce companies, payment processors, mobile payments players and beyond.
This approach is not limited to domestic payments but is especially relevant to international transactions, which often involve a complex web of correspondent banks. The challenge in internationalpayments primarily revolves around ensuring data accuracy at every step of the payment chain.
XA Network’s mission is to provide smart capital to early-stage companies across Asia-Pacific (APAC). Epic Angels Epic Angels is a prominent female-only angel investor network in APAC investing in early-stage startups based in the region with at least one woman on the executive team.
Aspire Aspire illustration, Source: Aspire Aspire is the all-in-one finance platform for modern businesses globally, helping over 50,000 companies save time and money with internationalpayments, expense management, payable management, and receivable management solutions.
“Our collaboration with Currencycloud aligns perfectly with our mission to eliminate the complexities associated with international collections for MSMEs by simplifying internationalpayments,” said Sanjay Tripathy, co-founder and CEO BriskPe.
In his previous role as SVP and Managing Director International at Marqeta he was responsible for building the company’s go-to-market and operational functions internationally and advancing the company’s service offerings in its key markets across Europe and APAC.
Sanjay Tripathy, Co-founder and CEO BriskPe said, “Our collaboration with Currencycloud aligns perfectly with our mission to eliminate the complexities associated with international collections for MSMEs by simplifying internationalpayments.
Unlimit , the global fintech company, announced today a global partnership with VTEX (NYSE: VTEX), the composable and complete commerce platform for premier brands and retailers to further succeed with integrated global and agile payment service solutions. Merchants in the UK, U.S.
Vieira continued, adding: “Over the last 30 years, we have developed deep expertise in the cross-border payment space and have found tremendous success in partnering with globally recognized institutions that have digital and transformative ambitions.
In March 2024, Wise integrated with the PayNow network to enable tourists to make QR payments to Singaporean merchants via its app, its first such local payment system integration since its previous one with the FAST system in 2022.
Worldline partners with BOCHK Internationalpayment services company Worldline has forged a partnership with the Bank of China (Hong Kong), also known as BOCHK. ” “Catering to local payment preferences is crucial for success in the Hong Kong market,” Checkout.com General Manager of APAC Brian Sze said.
New research from Atradius finds another geographic market grappling with its own late B2B payments problem: Asia Pacific (APAC). And yet, delayed payments on B2B invoices across Asia Pacific is threatening that protection, with researchers finding an uptick in the percentage of past-due B2B invoices from 2016 to 2017.
Aspire (Singapore) Headquartered in Singapore, Aspire is the all-in-one finance platform for modern businesses, helping over 15,000 companies across Asia save time and money with internationalpayments, expense management, payable management, and receivable management solutions, all through one account.
More appointments 10x Banking, the cloud-native SaaS core banking platform, appoints Will Dale as its regional vice president in APAC. Airwallex, a global payments and financial platform for modern businesses, partners with Bird (formerly MessageBird), a global communication platform, to power Bird’s internationalpayments operations.
Currently, Nium’s payment network supports payouts in over 100 currencies to more than 190 countries, 100 of them in real-time. Supporting Brazil’s underbanked SMEs Building on its global customer base and breadth of coverage across APAC, the US and EMEA, Nium is focused on LATAM as a strategic growth market.
Airwallex , the internationalpayments company, announced Tuesday (July 3) that it raised $80 million via a round of fundraising. By offering full end-to-end solutions (not just in FX and payments), we’re changing the way our clients thrive in the global arena.”
Future phases of our migration will include moving domestic and internationalpayment functionality out of our old systems and onto ACI Enterprise Payments Platform as well as offering services like real-time payments,” said Stephen.
Building on its global customer base and breadth of coverage across APAC, the U.S. Brazil has tremendous potential to set a global example in digital payment innovation. Executive Director at Ebury Bank in Brazil. and EMEA, Nium is focused on LATAM as a strategic growth market.
We are delighted with the first countrywide deployment of M400,” Yiannos Papadopoulos, president of APAC at Verifone, said in the announcement. In addition, Australia Post customers will have the ability to sign for goods and services, such as parcels, electronically. “We
Internationalpayments specialist Ebury arrives in New Zealand Ebury , a specialist in internationalpayments and collections, opened new offices in New Zealand this week. The firm is headquartered in West Hollywood, California.
Regulatory alignment platform Fund Recs has appointed Shane Flatman as its strategy and business development director, APAC to expand its footprint in the region. Over the course of his career, he has held several leadership roles at UBS, Wachovia Bank, J.P. Morgan and Goldman Sachs.
The name change comes among the company’s rebranding efforts across the Middle East, Africa, Europe, India and the Asia Pacific (APAC). And global money transfer brand UAE Exchange has renamed its operations in Fiji to Unimoni, The Fiji Times reported.
As a part of the joint venture, SBI Holdings will launch an engineering and business development team to sell and install Ripple’s cross-border payments solutions for banks across the Asia region: Japan. Australia-based Ripple APAC will continue to service Australia, New Zealand, Singapore, India and the Middle East. ASEAN countries.
EBANX serves leading enterprise merchants from APAC, with 39% of its total processed volume in 2024 coming from the region. EBANX maintains offices in Shanghai, China, and Singapore, and has recently established payment operations in India. We are excited to contribute to its leading fintech ecosystem,” said De Fino.
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