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.

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Finovate

JANUARY 10, 2025

Latin America and the Caribbean Latin American payments service processor Kuady introduced its new physical prepaid Mastercard for users in Peru after launching a virtual version in September. Latin American cross-border payments platform dLocal secured an authorized payment institution license from the U.K.’s

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The Fintech Times

MARCH 13, 2025

Recognising increasing demand across the Middle East from crypto-native firms and traditional financial institutions, Ripple aims to address many of the challenges traditionally associated with cross-border payments – such as high fees, long settlement times, and lack of transparency.

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The Fintech Times

FEBRUARY 20, 2025

TrueLayer , a UK Pay by Bank network, appoints Basil Bailey as the CEO of TrueLayer Ireland and General Manager of TrueLayers European business.In his dual role, Bailey will oversee the commercial and regulatory functions of TrueLayer Ireland, which holds a European Payments Institution licence and is regulated by the Central Bank of Ireland.

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The Fintech Times

AUGUST 13, 2024

Nium , the global real-time cross-border payments provider, is looking to strengthen its presence in Latin America by applying for new payment licenses, joining fintech associations, growing its team, and signing new customers.

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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.

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The Fintech Times

NOVEMBER 5, 2024

Wise , the fintech focused on money transfer, has been granted direct access to the Philippines’ real-time payment system, InstaPay, enabling it to enhance the cross-border payment experience for around 13 million of its customers.

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The Fintech Times

JANUARY 28, 2025

Looking to facilitate international businesses entry into the region, Airwallex acquired a payment institution licence from the Banco Central do Brasil , and finalised the acquisition of MexPago , a Mexico-based payment service provider and an Institution of electronic payment funds (IFPE) licence-holder.

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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. All of this ties into issues related to cross-border trade,” he told PYMNTS’ Karen Webster. and elsewhere.

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PYMNTS

AUGUST 2, 2019

In B2B, cross border payments are about much more than dollars and cents. As a result, the central bank curbed the number of dollars in circulation in an effort to staunch inflation. We mean that literally. But consider the fact that trade is global, and that, increasingly, supply chains are global too.

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The Fintech Times

JANUARY 27, 2025

Were continuing to see more interest from financial institutions to crypto businesses that want to unlock the benefits of crypto and blockchain for faster, cost-efficient and 24/7 cross-border payments,” said Joanie Xie, managing director of North America at Ripple.

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