PYMNTS

APRIL 3, 2019

It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. These shortcomings make the cross-border payment industry ripe for disruption and innovation.

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Cross-Border Payments Cross-Border Blockchain Distributed Ledger Technology (DLT) 92

Clearly Payments

NOVEMBER 19, 2023

Multi-Currency Transactions: One of the defining features of international merchant accounts is their ability to process payments in multiple currencies. Global Payment Processing: International merchant accounts leverage a network of processors to handle transactions globally.

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Cross-Border Cross-Border Payments Accounts Multi-Currency 52

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.,

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

PYMNTS

MARCH 21, 2019

SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation or gpi. SWIFT gpi enables banks to conduct end-to-end tracking of the cross-border payment.

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Cross-Border Payments Cross-Border SWIFT Payments 66

PYMNTS

SEPTEMBER 11, 2019

Enterprise software provider R3 is teaming up with Mastercard to establish a blockchain solution for cross-border payments, the companies said in a press release on Wednesday (Sept. Cross-border payments can be a particular pain point. Rutter, CEO of R3.

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PYMNTS

OCTOBER 11, 2018

Earthport , a global payments company, announced Thursday it has been named by BNP Paribas to provide Automated Clearing House (ACH) cross-border payment services. With the partnership, BNP Paribas will gain access to Earthport’s payments network, offering lower costs and transparent international payments. “

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Cross-Border Payments Cross-Border ACH Payment Networks 75

Fintech Finance

MAY 28, 2024

The global fintech saw its top line for 2023/24 hit £41m, up from £33m the previous year, while profits increased from £5.8m IFX Payments’ performance comes against a backdrop of a large growth in international payments and a surge in demand for solutions to manage them, such as its flagship ibanq platform.

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International Payments Payment Solutions Multi-Currency Cross-Border 52

PYMNTS

SEPTEMBER 19, 2018

PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions. Payments sent from across borders can be received in real time via RippleNet , the firms noted, providing a boost to corporate payees’ cash flows.

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PYMNTS

OCTOBER 11, 2016

The culmination of their experiences and approaches towards managing international payments has resulted in AFEX’s first annual State of International Payments report, which provides insight into how businesses are overcoming the barriers and rising to the challenges of cross-border payments.

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Cross-Border Payments Cross-Border Risk International Payments 75

PYMNTS

MARCH 20, 2018

Flywire, a provider of global payment and receivables solutions for education, healthcare, and business, announced Tuesday (March 20) that it has inked a new deal with Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa. during the 2016-2017 school year.

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Cross-Border Payments Cross-Border Payment APIs and Integration Payments 51

PYMNTS

OCTOBER 28, 2019

Cross-border payments firm Western Union has rolled out full application programming interface (API) access to domestic and global payment applications, the company said in a press release on Monday (Oct. Domestic and cross-border payments are supported in over 130 currencies.

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International Payments API Payment APIs and Integration Cross-Border 51

PYMNTS

AUGUST 23, 2018

The news amid the cross-border arena – which you can view here – is that Ripple’s cross-border payments offering, known as xRapid, has been busy forging partnerships to help usher in greater acceptance of such activity, and to foster a “healthy ecosystem” of partners that will switch currencies into XRP and then back again. .”

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Cross-Border Payments Cross-Border Digital Currency Payments 40

PYMNTS

OCTOBER 11, 2018

Earthport, a global payments company, announced Thursday it has been named by BNP Paribas to provide Automated Clearing House (ACH) cross-border payment services. With the partnership, BNP Paribas will gain access to Earthport’s payments network, offering lower costs and transparent international payments. “

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Cross-Border Payments Cross-Border ACH International Payments 43

PYMNTS

JANUARY 29, 2018

But as technology makes inroads into far-flung payments, as paper gives way to new avenues of getting funds where they need to go – across digital options – the speed bumps go by the wayside. The main impediment to fund flow is tied mainly to the KYC and AML – and any number of other requirements – that can vary by country.

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PYMNTS

AUGUST 15, 2018

Ripple is eyeing the Chinese market, aiming to use blockchain technology to quicken cross-border payments. According to a report in CNBC , citing Jeremy Light, vice president of European Union (EU) strategic accounts at Ripple, the China market is a target for the company. With a nod to other fund flows, customers in the U.K.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Payments Blockchain 40

Fintech Finance

JULY 3, 2024

Network International (Network) , the leading enabler of digital commerce across the Middle East and Africa (MEA) region, in partnership with NPCI International Payments Ltd. NIPL), has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments across Network’s point-of-sale (POS) terminals in the UAE.

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Point-of-Sale (POS) Cross-Border Payments Cross-Border International Payments 98

The Fintech Times

FEBRUARY 23, 2024

Ebury , the fintech specialising in transactions for SMEs, has expanded its partnership with Nium , the real-time global payments company, to deliver a new global remittance service in Brazil. ” Forecasts suggest that Brazil’s digital payments market could grow to a total transaction value of $170billion in 2024.

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PYMNTS

MARCH 17, 2016

The company, which uses a hybrid of blockchain technology and other payment rail infrastructure to enable cross-border payments, said it will look to capitalize on the demand spike for global payment services during the Olympic games, where hundreds of thousands of people will flock from all over the globe.

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Cross-Border Payments Cross-Border Blockchain Payments 40

PYMNTS

SEPTEMBER 20, 2020

The expansion and teaming with Western Union Business Solutions will help it reach Western Union's global payments network, which spans 200 countries and territories in over 130 currencies worldwide, the release stated. Currently, the Isabel 6 platform serves 70,000 professional clients.

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Cross-Border Payments Cross-Border Multi-Currency Payments 120

PYMNTS

OCTOBER 21, 2020

The feature will make use of SWIFT Global Payments Innovation (gpi) technology, and help over 240,000 corporate and small and medium-sized business (SMB) clients in Singapore and Hong Kong with tracking cross-border payments and collections in real time. There won't be any extra fees.

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Cross-Border Cross-Border Payments SWIFT International Payments 72

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). SWIFT currently expedites cross-border payments for 11,000 banks across more than 200 countries. dollar and could make digital payments more affordable.

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Central Bank SWIFT Digital Currency CBDC 142

Clearly Payments

OCTOBER 7, 2024

As the subscription model becomes increasingly prevalent across industries, payment processors are focused on enhancing the flexibility and reliability of their recurring payment solutions, ensuring they can meet the evolving needs of businesses and consumers alike.

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Cross-Border Processors Multi-Currency Contactless Payments 94

PYMNTS

MAY 16, 2018

Challenger bank Cashplus , which provides business accounts and financial services, has announced a collaboration with cross-border payments firm Currencycloud in a bid to help small businesses go global. A report published in 2016 from cross-border payments company Covercy found small businesses in the U.K.

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Global Payments Cross-Border Payments Cross-Border Small Business 40

PYMNTS

MARCH 1, 2018

Commercial payments provider FLEETCOR Technologies, Inc. announced news on Thursday (March 1) that it has entered a pilot program with enterprise blockchain solution firm Ripple and Cambridge Global Payments , the international payments provider focused on B2B and owned by FLEETCOR.

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Cross-Border Payments Cross-Border Settlement Payments 76

PYMNTS

JUNE 14, 2018

The road to big-ticket, cross-border payments follows the rails laid down and controlled by banks, CEO Mike Massaro told PYMNTS in an interview – and Flywire is far from trying to take banks out of the equation. ” The Larger World of Global Payments. The brand is just phenomenal to be tied to.”.

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Cross-Border Payments Cross-Border Payments Push-to-Card 43

Fintech News

MAY 7, 2024

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s top cross-border payment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide.

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Cross-Border Payments Cross-Border Payment APIs and Integration APACS 107

PYMNTS

FEBRUARY 20, 2019

Cross-border payments firm Veem is introducing a rewards program for its business customers. 19) said the company is rolling out VeemRewards, a cash-back rewards program for businesses that use Veem to send payments across borders. An announcement made on Tuesday (Feb.

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Cross-Border Payments Cross-Border Payment APIs and Integration B2B 66

Fintech Finance

JUNE 5, 2024

iPiD (International Payment Identity), a pioneer in global fintech, announced it has secured USD 5.3 They are joined by global fintech venture funds QED Investors and Quona Capital, alongside existing partners Jungle Ventures, 1982 Ventures, Saison Capital and Resolution Ventures.

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PYMNTS

JUNE 29, 2018

The June announcement of One Pay FX and planned rollout across Europe, the company said in a release, allows speed and safety in cross-border payments, where, along traditional conduits, international transactions took three to five days to clear. With a nod to other fund flows, customers in the U.K.

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Blockchain Global Payments Cross-Border Payments 83

PYMNTS

AUGUST 10, 2017

FLEETCOR Technologies, a global provider of commercial payment solutions, announced Wednesday (Aug. 9) that it has closed its acquisition of Cambridge Global Payments, the B2B international payments provider, for approximately $690 million. The deal was announced on May 1.

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Global Payments Cross-Border Payments Cross-Border B2B 40

PYMNTS

NOVEMBER 4, 2020

From concept to pilot to corporate payment game changer. Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. Umar Farooq , CEO of J.P. Liink, J.P.

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Blockchain Cross-Border Payments Cross-Border Real Time Payments 131

PYMNTS

OCTOBER 22, 2020

In today’s top news in digital-first banking, Unifimoney is joining forces with Nium for real-time money transfers, while Volante Technologies has landed Grupo Financiero Banorte as a new client to modernize cross-border payments. Unifimoney Partners With Nium for Real-Time Global Transfers .

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Cross-Border Payments Cross-Border Fed Federal Reserve 61

CB Insights

APRIL 1, 2019

Download the free report to find out some of the most important trends happening in payments, both at the physical point-of-sale and online. Australian cross-border payments player Airwallex recently announced that it was raising $100M at a $1B valuation. First name. 3 big takeaways. Want the full post?

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Global Payments Cross-Border Payments Cross-Border Payments Trends 31

PYMNTS

AUGUST 14, 2019

The cross-border payment market is thriving, and trends are expected to continue over the next few years. In fact, cross-border payments are expected to reach $240 billion in value by 2024. Around the Smarter Payments World. Deep Dive: The Road to Real-Time Payments. About the Smarter Payments.

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Cross-Border Payments Cross-Border FinTech Interoperability 67

PYMNTS

MAY 11, 2020

To help streamline global payments with artificial intelligence (AI), digital payment platform Payoneer has unveiled a partnership with banking and admin app ANNA. In separate news, Payoneer debuted a cross-border service that includes functionality for SMBs, per an announcement in October.

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PYMNTS

NOVEMBER 4, 2016

Cross-border payments company Earthport can now fulfill cross-border payments initiated in India. 3) said the FinTech company received approval from the Reserve Bank of India to provide outbound international payment services to banks in the country. Reports Thursday (Nov.

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Cross-Border Payments Cross-Border International Payments Payments 69

The Fintech Times

JULY 5, 2024

Looking to simplify the payments process for these visitors, NPCI International Payments Limited (NIPL) has partnered with Network International (Network), a digital commerce enabler across the Middle East and Africa (MEA) region. million in 2024, with the UAE anticipating 5.29 million arrivals from India.

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Point-of-Sale (POS) Cross-Border Payments Cross-Border Payments 59