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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Fintech Finance

OCTOBER 21, 2024

Over the past year Wise Platform , Wise’s global payments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint.

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Fintech Finance

FEBRUARY 22, 2024

Ebury , one of the world’s largest fintech companies specializing in transactions for SMEs, today announced its partnership expansion with Nium , the leader in real-time global payments, to deliver a groundbreaking global remittance service in Brazil.

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The Fintech Times

FEBRUARY 19, 2024

When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Having discussed the myths , hype and usage of buy now pay later (BNPL), we now turn our focus to cross-border payments. Can any risks be mitigated pro-actively?

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Clearly Payments

OCTOBER 30, 2024

As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Multiple payment options : As mentioned, localizing payment options builds customer trust and satisfaction.

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International Payments Process Multi-Currency Cross-Border 79

PYMNTS

DECEMBER 1, 2020

The world doesn’t lack for stories about cross-border payments gone wrong. In some examples, by the time the money went through all the byzantine steps that have historically made up the cross-border payments process, only about $4 worth of spendable value actually arrived.

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Fintech Finance

SEPTEMBER 19, 2024

This collaboration will bring digital payment solutions and data capabilities to help MSB enhance efficiency and offer the best payment service experience to customers by bringing down costs and reducing transaction times. Along with the pace of digitization, the demand for real-time global payments is becoming increasingly urgent.

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PYMNTS

JULY 31, 2019

According to the latest Smarter Payments Tracker , global payment usage is at an all-time high. international transactions per capita every year, up from 0.5 So, why do cross-border payments present so many challenges? payment systems will have to become more international in scope.

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PYMNTS

AUGUST 16, 2019

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable.

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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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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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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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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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The Fintech Times

SEPTEMBER 11, 2024

Wise Platform, the global payments infrastructure developed by Wise , has partnered with AbbeyCross to enhance the efficiency and transparency of international foreign exchange (FX) payments. This partnership aims to modernise global payment systems and improve the overall experience for banks, MSBs, and their customers.

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Fintech Finance

SEPTEMBER 10, 2024

AbbeyCros s, the platform focused on improving connectivity and access in global FX payments announced today that Wise Platform , Wise’s global payments infrastructure for banks and global enterprises, has joined the ABX Platform as its newest payment partner.

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PYMNTS

OCTOBER 28, 2019

Payment solutions company Flywire is rolling out a simplified cross-border payments solution for Bank of America’s higher education and corporate clients, Flywire announced in a press release on Monday (Oct. The service makes international billing, payment and receipts more efficient and easier to use.

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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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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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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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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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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

APRIL 21, 2016

A cross-border payments company and an accounts payable solutions provider have joined forces, meshing their tools together to ease friction in global B2B payments.

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PYMNTS

JULY 25, 2018

Financial messaging company SWIFT, along with a number of corporates and banks, announced Wednesday (July 25) plans to begin testing a multi-bank standard to further improve the cross-border payments experience for multi-banked corporates. According to SWIFT , more than $100 billion in SWIFT gpi messages are sent each day.

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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.

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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 89

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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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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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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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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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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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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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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