The Paypers

APRIL 8, 2024

Payment processing solutions company PayRetailers has announced that it secured its approval from the Central Bank of Brazil (BC) to operate as a payment institution.

Central Bank 45

Central Bank Payments Institute Security Process 45

The Paypers

JULY 26, 2024

Zro Bank , a cryptocurrency payment company and IP4Y an issuer of electronic currency, have received authorisation from the Central Bank (BC) to become payment institutions.

Payments Institute 36

Payments Institute Central Bank Issuers Cryptocurrency 36

Finextra

FEBRUARY 1, 2024

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced that it has obtained a Major Payment Institution (Major PI) licence from the Saudi Central Bank (SAMA) that will strengthen the acquirer’s foothold in the Kingdom.

Central Bank 49

Central Bank Payments Institute Payments 49

Fintech Finance

JUNE 25, 2024

Expanding our global licenses portfolio has been a key focus in this regard, and we can now offer the full power of our payment platform to support the growth aspirations of businesses operating in the UAE.” The post Nuvei Secures Retail Services Category II License From the Central Bank of the UAE appeared first on Fintech Finance.

Central Bank 64

Central Bank Security Cross-Border Acquirers 64

The Paypers

NOVEMBER 13, 2023

Brazil-based financial services company Zoop has become a licenced payments institution following an authorisation from the local Central Bank.

Payments Institute 36

Payments Institute Central Bank Payments 36

PYMNTS

DECEMBER 15, 2020

“The innovation of consumption and payment methods should be conducive to. The central bank suggested that anyone accepting payments of any kind should not exclude cash. Non-bank payment institutions must not promote the concept of cashless or discriminatory means of cash payment in any forms,” the bank said.

Central Bank 96

Central Bank Non-Bank Regulations Payments Institute 96

The Paypers

DECEMBER 16, 2022

Crypto.com has become the first cryptocurrency exchange to receive a Payment Institution Licence from the Central Bank of Brazil.

Payments Institute 36

Payments Institute Central Bank Cryptocurrency Payments 36

PYMNTS

NOVEMBER 10, 2020

After gaining a new license to operate as a financial institution in Latin America's largest economy of Brazil, MercadoLibre will work on expanding its portfolio of credit offerings, a report from BNAmericas says. Mercado Pago has been authorized since 2018 by Brazil's central bank to act as a payment institution.

Central Bank 62

Central Bank Online and Mobile Banking Payments Institute Authorization 62

The Fintech Times

AUGUST 5, 2024

Pay2All), a licensed payment institution authorised by the Central Bank of Brazil. The acquisition will allow Nuvei to offer payment services in Brazil as an issuer of electronic currency, gaining Pay2All’s payment licence.

Payments Institute 59

Payments Institute Central Bank Acquirers Issuers 59

Fintech Finance

MAY 23, 2024

PayRetailers , one of the leading fintechs in payments in Latin America, announces the acquisition of Transfeera , a regulated payment institution in Brazil.

Acquirers 59

Acquirers Central Bank Payments Institute Best Practices 59

Fintech Finance

AUGUST 12, 2024

This continued expansion is a step towards Nium’s commitment to revolutionizing the global payments landscape in this strategic region. In 2020, the Central Bank of Brazil launched Pix, a real-time payment system that has rapidly become a key model in the region.

Real Time Payments 86

Real Time Payments Cross-Border Payments Cross-Border Central Bank 86

Fintech News

JUNE 11, 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. Ripple now has nearly 40 U.S.

Stablecoins 97

Stablecoins Acquirers Regulatory Compliance Central Bank 97

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 99

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 99

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 98

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 98

PYMNTS

AUGUST 10, 2017

“The launch of this clearing house is a one-sided loss for the payment institutions. Originally, payment data were proprietary information for them. The analyst believes that the central bank wants to help commercial banks obtain customer data, as well as prevent Alipay and Tencent from gaining excessive market power.

Central Bank 40

Central Bank Online and Mobile Banking Request for Comment Mobile Payments 40

Fintech Finance

JANUARY 26, 2024

one of Europe’s leading PayTechs, today announced that it was granted an Electronic Money Institution licence (EMI licence) by the Central Bank of Cyprus (CBC), which will be passported throughout the EEA. This underlines payabl.’s has been in operation since 2011, now serving over 500 customers across Europe and the UK.

Central Bank 52

Central Bank Payments Institute Compliance Innovation 52

Fintech Finance

JANUARY 26, 2024

one of Europe’s leading PayTechs, today announced that it was granted an Electronic Money Institution licence (EMI licence) by the Central Bank of Cyprus (CBC), which will be passported throughout the EEA. This underlines payabl.’s has been in operation since 2011, now serving over 500 customers across Europe and the UK.

Central Bank 52

Central Bank Payments Institute Compliance Innovation 52

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 111

Cross-Border Payments Cross-Border Gateways Central Bank 111

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.

Real Time Payments 59

Real Time Payments Cross-Border Payments Cross-Border Correspondent Bank 59

The Fintech Times

JANUARY 29, 2024

has secured an Electronic Money Institution licence (EMI licence) from the Central Bank of Cyprus (CBC), which is passported throughout the European Economic Area (EEA). explained that the EMI licence should enable it to significantly broaden and enhance its existing and new payment services across Europe.

Security 59

Security Central Bank Payments Institute Compliance 59

Neopay

NOVEMBER 27, 2023

The European Council and European Parliament have struck a provisional agreement on the mandatory provision of instant credit transfers in euros and access to central bank payment rails by non-bank e-money institutions and stablecoin issuers.

Instant Payments 52

Instant Payments Stablecoins Non-Bank IBAN 52

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.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Real Time Payments Correspondent Bank 69

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

The Paypers

OCTOBER 12, 2021

Brazil-based fintech infrastructure provider Dock has announced the acquisition of BPP , a payment institution regulated by the Central Bank of Brazil that specializes in Banking-as-a-Service (BaaS).

Service Provider 28

Service Provider Central Bank Acquirers Payments Institute 28

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 64

Stablecoins Use Case Blockchain On-Demand 64

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

PYMNTS

JULY 9, 2020

This is the end of light-touch regulation of e-money and payment institutions.” . “The sector has reached the scale where more regulation is required,” Matt Hopkins, audit director at BDO, the global financial advisory firm, told the newspaper.

Rules 67

Rules Third-Party Service Provider Money Laundering Regulations 67

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 92

Financial Literacy Cryptocurrency Digital Currency Accreditation 92

Segpay

SEPTEMBER 5, 2024

Could you share some of your European success stories and the challenges you overcame as an American PSP entering the European payment market? It was important for us to collaborate with staffing organizations and legal help in both jurisdictions to find the right team members to support both the Irish and UK subsidiaries.

Verification 85

Verification Online and Mobile Banking Payments Privacy 85

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

JULY 23, 2020

Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. This steady march toward online banking tools has played a key role in how Brazil’s regulators are structuring its open banking rules.

Online and Mobile Banking 66

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

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.

Cross-Border 63

Cross-Border Account Takeovers Regulations Due Diligence 63