Fintech Finance

JUNE 25, 2024

The Retail Services Category II License enables Nuvei to offer its comprehensive suite of payments technology to businesses operating in the thriving UAE market, including direct local acquiring, payment aggregation services, and domestic and cross-border fund transfers.

Central Bank 74

Central Bank Security Cross-Border Acquirers 74

The Fintech Times

JULY 18, 2024

The fintech aims to make people’s daily transactional activities more safe, convenient, and cost-effective through a simple onboarding journey, domestic payment capabilities and instant fund transfers to their home countries.

Financial Literacy 57

Financial Literacy Financial Inclusion Funds Transfer Payroll 57

Fintech News

MAY 8, 2024

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

CBDC 116

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 116

PYMNTS

JANUARY 4, 2019

GIRO said the new system will allow bank transfers to be done across mobile phone numbers, which should provide alternatives to 24-digit bank account numbers. Separately, UCPB , a lender based in the Philippines, has introduced a money transfer service between banks, allowing for instant fund transfers.

Instant Payments 67

Instant Payments Funds Transfer Online and Mobile Banking Payments 67

PYMNTS

JANUARY 2, 2019

The company’s electronic banking services platform, UCPB Connect, is said to facilitate the fund transfer service. In addition, the service is reportedly the first automated clearing house that uses the National Retail Payment System (NRPS) framework set by the country’s central bank.

SWIFT 49

SWIFT Cross-Border Payee Funds Transfer 49

Clearly Payments

JANUARY 25, 2024

Payment Methods Accepted by Canadian Businesses In the realm of Canadian businesses, cheques maintain a firm foothold, with a substantial 73.4% of businesses are embracing Electronic Funds Transfers (EFT) as their second most popular choice. However, the digital era is swiftly advancing: 58.9% preferring cash and 54.4%

Process 94

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 94

PYMNTS

FEBRUARY 20, 2018

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43