Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

Cross-Border 106

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 106

Fintech News

AUGUST 12, 2024

Global payments company Nium is enhancing its presence in Latin America, with a focus on expanding its operations in Brazil. The company has recently applied for a Payment Institution License in Brazil, which will allow it to offer payment services, including managing funds in BRL and facilitating real-time payments through the Pix system.

Cross-Border 105

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 105

Fintech News

DECEMBER 13, 2023

Singaporean payment institution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-border payment efficiency between Asia and the Middle East and North Africa (MENA) region. The company said that it is focused on building financial connections between Asia and global markets.

Cross-Border Payments 121

Cross-Border Payments Cross-Border Gateways Central Bank 121

Fintech Finance

MAY 30, 2024

Zimpler initiates A2A payments using Open Banking APIs, which removes intermediaries and results in faster and more cost-effective transactions for merchants. It utilises Open Banking APIs to transfer funds from one bank account to another instantly, and processes €2.6bn for its partners each year.

Instant Payments 59

Instant Payments Payment APIs and Integration Payments API 59

Neopay

APRIL 25, 2024

The Parliament’s position on PSD3 and PSR – what you need to know a) Licensing requirements and authorisation PSD3 covers authorisation and supervision of payment institutions.

Fraud Prevention 52

Fraud Prevention Payments Authentication Authorization 52

Finovate

FEBRUARY 14, 2024

money transmitter licenses, a Major Payment Institution License from the Monetary Authority of Singapore, and a Virtual Asset Service Provider registration with the Central Bank of Ireland. The company and its subsidiaries have acquired a New York BitLicense, nearly 40 U.S.

Acquirers 52

Acquirers Regulatory Compliance Settlement Blockchain 52

The Fintech Times

APRIL 5, 2024

The company and its subsidiaries collectively hold a New York BitLicense , nearly 40 money transmitter licenses across the US, a Major Payment Institution License from the Monetary Authority of Singapore , and a Virtual Asset Service Provider registration with the Central Bank of Ireland.

Stablecoins 63

Stablecoins Use Case Blockchain On-Demand 63

Segpay

SEPTEMBER 5, 2024

CB: The main challenge we had setting up in the UK and Ireland as a Payment Institution was hiring the staff to move us through the application process and then building out the team to support the infrastructure to meet the Central Bank of Ireland’s UK Financial Conduct Authorities requirements.

Verification 85

Verification Online and Mobile Banking Payments Privacy 85

PYMNTS

JULY 9, 2020

The United Kingdom’s financial regulator has toughened rules on payment companies less than two weeks after Wirecard AG’s collapse locked millions of customers out of their accounts, the Financial Times reported. This is the end of light-touch regulation of e-money and payment institutions.” .

Rules 67

Rules Third-Party Service Provider Money Laundering Regulations 67

Finovate

AUGUST 9, 2024

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, will lift its moratorium on the granting of new digital banking licenses starting on the first of January 2025. The move will allow as many as ten digital banks to operate in the Philippines. .

Electronic Funds Transfer (EFT) 106

Electronic Funds Transfer (EFT) Cross-Border Payments Financial Inclusion Cross-Border 106

Fintech News

JULY 3, 2024

A snapshot of Singapore’s crypto landscape According to the latest report by Triple-A, a licensed cryptocurrency payment institution, Singapore boasts one of the highest cryptocurrency ownership rates globally. In addition, the city-state is exploring the potential of Central Bank Digital Currencies (CBDCs).

Financial Literacy 101

Financial Literacy Cryptocurrency Digital Currency Accreditation 101

PYMNTS

JULY 23, 2020

Many of these initiatives are moving forward during the COVID-19 pandemic, with Banco Central do Brasil — the nation’s central bank — announcing a four-stage rollout of open banking standards set to take place in 2020 and 2021.

Online and Mobile Banking 66

Online and Mobile Banking Regulations Laws Push-to-Card 66

PYMNTS

AUGUST 2, 2019

As a result, the central bank curbed the number of dollars in circulation in an effort to staunch inflation. When the local banks did not have as many dollars in reserve (because they get dollars from the central bank), Nigerian firms were unable to swap currencies to pay suppliers.

B2B 41

B2B Cross-Border Online and Mobile Banking Central Bank 41

PYMNTS

JANUARY 10, 2019

PingPong Global — perhaps known for serving a niche for Chinese small and medium-size businesses (SMBs) across any number of verticals — in 2017 received payment institution license from Luxembourg. It’s a model that the firm hopes to replicate across marketplaces in the U.S. and elsewhere. Working with Regulators.

Cross-Border 63

Cross-Border Account Takeovers Regulations Due Diligence 63