The Fintech Times

FEBRUARY 2, 2025

It has been a busy few days for the Central Bank of Brazil as it announces another company has acquired a payment institution (PI) licence. With its new PI licence, AstroPay will deliver secure, compliant, and user-friendly cross-border payment solutions.

Payments Institute 64

Payments Institute Acquirers Cross-Border Cross-Border Payments 64

Fintech News

JUNE 12, 2024

Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. The G20 Roadmap for Enhancing Cross-border Payments of the Financial Stability Board (FSB) also lists them as a key priority for enhancing such payments.

Cross-Border Payments 119

Cross-Border Payments Cross-Border Interoperability Payments 119

Fintech News

NOVEMBER 20, 2024

Cross-border payment firm XTransfer is leveraging its success in China to fuel an ambitious global expansion plan. Bill Deng “In Singapore, we have received in-principle approval for a major payment institution (MPI) license, and we will have the full license soon.

Cross-Border Payments 129

Cross-Border Payments Cross-Border B2B Due Diligence 129

Fintech Finance

JANUARY 31, 2025

AstroPay , a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted Payment Institution (PI) license issued by the Central Bank of Brazil. The companys streamlined approach to cross-border payments delivers substantial savings for users.

Payments Institute 59

Payments Institute Cross-Border Continuity Cross-Border Payments 59

Fintech News

JUNE 11, 2024

Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. Find out how Currencycloud can help you build your payments infrastructure by speaking to one of their experts today.

Cross-Border Payments 114

Cross-Border Payments Cross-Border Payment APIs and Integration Payments 114

Fintech News

MARCH 23, 2025

BC Payments, a Singapore-based subsidiary of Luxembourg-licensed bank Banking Circle , has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. Banking Circle is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.

Cross-Border Payments 70

Cross-Border Payments Cross-Border Multi-Currency Payments 70

The Fintech Times

JANUARY 10, 2025

dLocal , a payment platform connecting merchants to emerging markets born out of Uruguay, has secured the UK Authorised Payment Institution (API) licence from the Financial Conduct Authority (FCA). With the licence, dLocal can now offer a comprehensive suite of regulated payment solutions to UK-based merchants.

Payments Institute 59

Payments Institute Security Alternative Payment Methods Cross-Border Payments 59

Fintech News

FEBRUARY 7, 2024

With a highly skilled international workforce, long-established support for innovation and a well-developed reputation as a global finance hub, cross-border payments in Singapore have the makings of a global hub. These figures emphasize the high focus on cross-border payments in the domestic payment market.

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Cross-Border Payments Cross-Border Payments B2B 107

The Fintech Times

MARCH 6, 2024

Currencycloud, a Visa solution, is granted preliminary approval for a major payment licence from the Monetary Authority of Singapore (MAS). Rohit Narang , managing director of APAC, Currencycloud said: “The IPA for a Major Payment Institution Licence is testament to the strength of the Currencycloud brand.

Cross-Border Payments 97

Cross-Border Payments Cross-Border Facilitators Multi-Currency 97

The Payments Association

MARCH 19, 2024

TerraPay, a company specialising in global cross-border payments, has recently been granted a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). This development is part of […] Read more

Payments Institute 88

Payments Institute Authorization Cross-Border Payments Cross-Border 88

Fintech Finance

NOVEMBER 4, 2024

With over 65 licenses globally and now six direct connections to domestic payment systems, this infrastructure enables over 63% of all Wise transactions to be completed instantly (under 20 seconds), with an average fee of 0.62%.

Instant Payments 98

Instant Payments Settlement Accounts Cross-Border Payments 98

The Fintech Times

DECEMBER 3, 2024

Another benefit of putting all of its resources into stablecoins is that dtcpay can ensure scaleable payments internationally without the high fees and delays often associated with traditional cross-border payments. The future of payments dtcpay has also announced a collaboration with Singapore’s NETS SGQR+ initiative.

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Stablecoins Cross-Border Payments Cross-Border Cryptocurrency 69

The Fintech Times

FEBRUARY 8, 2025

Having obtained the PSP licence, Tuma Ventures is able to offer a comprehensive suite of financial services in Tanzania, including real-time payment processing for merchants, mobile wallet solutions, and float management for other fintechs. It says these solutions aim to advance financial inclusion and foster economic development.

Security 59

Security Cross-Border Financial Inclusion Cross-Border Payments 59

Fintech Finance

AUGUST 12, 2024

Nium , the global leader in real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. The moves made in the region support significant growth anticipated in Latin America.

Real Time Payments 98

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

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. ” said Michael Chan, CEO of Zand.

Cross-Border Payments 128

Cross-Border Payments Cross-Border Gateways Central Bank 128

Fintech Review

OCTOBER 7, 2024

Unlocking Global Cross-Border Payment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Stablecoins Financial Inclusion 52

Fintech News

MAY 21, 2024

Inspired by Ripple’s cross-border payment model, the Web 3.0 digital bank addresses significant challenges in managing cross-border payments and fiat-crypto transactions. Recently, Alchemy Pay invested in LaPay UK Ltd, securing an Authorised Payment Institution license regulated by the FCA.

Web 3.0 107

Web 3.0 Cross-Border Payments Cross-Border Alternative Payment Methods 107

Finovate

OCTOBER 18, 2024

“At Ebury, we embrace the complexity and risk of daily cross-border payments that enable business growth, in a way that traditional banks do not, or cannot,” Ebury Managing Director for APAC, Rick Roache said. Romania’s national mobile payment system, RoPay, went live this week.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Advisors Payments 59

Fintech Finance

JANUARY 15, 2025

Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder.

Cross-Border 97

Cross-Border Cross-Border Payments Payments Institute B2B 97

Fintech Finance

MARCH 20, 2025

This also builds upon Spendesk’s recent announcements of the launch of Spendesk Financial Services , Spendesk’s regulated payment institution, and its pioneering Procure-to-Pay solution.

International Payments 59

International Payments Cross-Border Multi-Currency Cross-Border Payments 59

Fintech News

FEBRUARY 19, 2024

The conversation delved into the transformation journey of Currencycloud into Visa Cross-Border Solutions , a foreign exchange and cross-border payments solution within Visa, and how it addresses the challenges of cross-border payments in today’s fintech landscape.

Cross-Border 114

Cross-Border Cross-Border Payments Multi-Currency Payment APIs and Integration 114

Fintech News

APRIL 7, 2024

Payments infrastructure company TerraPay has been awarded a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). Featured image credit: Edited from Freepik The post TerraPay Gets MAS Green Light for Payment License appeared first on Fintech Singapore.

Cross-Border Payments 107

Cross-Border Payments Cross-Border Payments Authorization 107

Fintech Finance

OCTOBER 21, 2024

Rising Demand for Correspondent Services Wise Platform’s Correspondent Services, launched at Sibos last year in collaboration with Swift , allows partners to send and receive international payments instantly. We’re constantly improving our infrastructure to offer speed, convenience, and transparency at a scale unmatched in the industry.

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Cross-Border Global Payments Cross-Border Payments Multi-Currency 98

Fintech News

MARCH 5, 2024

Currencycloud, a provider of B2B embedded cross-border solutions, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Currently, the company enables businesses to manage multiple currencies across different countries.

Cross-Border 107

Cross-Border Cross-Border Payments APACS Payments Institute 107

Finovate

JANUARY 17, 2025

Airwallex Acquires MexPago as Part of Latin American Expansion Speaking of acquisitions in Mexican fintech and financial services, global financial platform Airwallex has finalized its acquisition of Mexico-based payment service provider MexPago, a licensed Institution of Electronic Payment Funds (IFPE).

Cross-Border 64

Cross-Border Cross-Border Payments Payments Acquirers 64

Fintech News

APRIL 10, 2024

Canadian payments firm Nuvei Corporation has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. It follows the company’s introduction of direct card acquiring capabilities in Australia and its ongoing expansion in China.

Cross-Border 114

Cross-Border Security APACS Alternative Payment Methods 114

Fintech Finance

APRIL 24, 2024

Singapore-based fintech startup Qashier announced today that the company has been awarded in-principle approval by the Monetary Authority of Singapore (MAS) for a major payment institution licence to offer merchant acquisition services, and domestic and cross-border money transfer services.

Payments Institute 52

Payments Institute Cross-Border Cross-Border Payments Payments 52

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 111

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 111

Finextra

JANUARY 8, 2025

Latin American cross-border payments platform dLocal is expanding in the UK after securing an authorised payment institution licence from the FCA.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Payments Institute Payments 69

Fintech News

APRIL 22, 2024

Singapore-based fintech startup Qashier has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval positions Qashier to provide merchant acquisition services along with domestic and cross-border money transfer capabilities.

Cross-Border 107

Cross-Border Cross-Border Payments Payments Payments Institute 107

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms).

Rules 88

Rules Payments Institute Authorization Reconciliation 88

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 107

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 107

Finovate

MARCH 7, 2024

Currencycloud was offered In-Principle Approval to serve as a Major Payment Institution license holder in Singapore. “The IPA for a Major Payment Institution License is testament to the strength of the Currencycloud brand,” said Currencycloud Managing Director of APAC Rohit Narang.

Multi-Currency 97

Multi-Currency Cross-Border APACS Cross-Border Payments 97

PYMNTS

JANUARY 19, 2017

Geoswift, a provider of cross-border payment solutions between China and the rest of the world, announced Wednesday (Jan. unit, Geoswift UK, has received authorization as a payment institution from the Financial Conduct Authority (FCA). 18) that its U.K. and China.”.

Payments Institute 40

Payments Institute Authorization Cross-Border Cross-Border Payments 40

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

Innovation 64

Innovation Cross-Border Payments Payments Cross-Border 64

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.

Cross-Border 69

Cross-Border Cross-Border Payments Stablecoins Settlement 69

The Fintech Times

FEBRUARY 20, 2025

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. MANSA, a global fintech in cross-border payments, has closed a $10million funding round.

FinTech 64

FinTech Cross-Border Payments Disaster Recovery Cross-Border 64