Fintech News

JANUARY 7, 2025

Cross-border payment firm XTransfer has received the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The company, founded in 2017, specialises in cross-border payment solutions tailored to small and medium-sized enterprises (SMEs).

Cross-Border Payments 126

Cross-Border Payments Cross-Border Payments Settlement 126

The Fintech Times

DECEMBER 20, 2024

Morgan Stanley is teaming up with Wise to bring faster and smoother cross-border payments to its corporate clients, making it the first investment bank to integrate Wises global payments platform.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Cross-Border Settlement Settlement 59

Fintech Review

NOVEMBER 20, 2024

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments.

Cross-Border 115

Cross-Border Cross-Border Payments Multi-Currency FinTech 115

The Fintech Times

NOVEMBER 6, 2024

Businesses and consumers paying into and out of the Middle East and North Africa (MENA) region will benefit from faster, cheaper and more transparent cross-border payments through a public-private collaboration between Mastercard and the Arab Regional Payment System, Buna.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa Multi-Currency 59

The Fintech Times

MARCH 12, 2025

With our Borderless Banking product, clients can seamlessly receive cross-border payments, open accounts for collections in foreign markets, and transfer funds across borders with full transparency. The post Borderless Banking Launched by Prometeo to Make Cross-Border Payments appeared first on The Fintech Times.

Cross-Border Payments 64

Cross-Border Payments Cross-Border Payment APIs and Integration Account Validation 64

Fintech News

MAY 15, 2024

Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement. The project aims to explore how tokenisation can improve wholesale cross-border payments.

Cross-Border Payments 145

Cross-Border Payments Cross-Border Federal Reserve Central Bank 145

Fintech News

OCTOBER 20, 2024

This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable. By utilising Swift MT and ISO 20022 messaging formats, Nium enables seamless connectivity for banks, facilitating quicker settlements and enhanced transparency.

Cross-Border Payments 136

Cross-Border Payments Cross-Border SWIFT ISO 20022 136

Fintech News

NOVEMBER 5, 2024

Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. The partnership allows financial institutions to connect with Nium for faster, more transparent cross-border payments.

Cross-Border Payments 128

Cross-Border Payments Cross-Border Multi-Currency Real Time Payments 128

Fintech News

NOVEMBER 3, 2024

The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs).

Cross-Border 120

Cross-Border Cross-Border Payments Central Bank Settlement 120

Fintech News

NOVEMBER 5, 2024

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has partnered with Ant International and superapp Grab to launch a new blockchain-based cross-border payment system. billion consumers through more than 30 payment partners globally, enabling seamless cross-border payment experiences.

Stablecoins 107

Stablecoins Cross-Border Payments Cross-Border Blockchain 107

The Fintech Times

FEBRUARY 26, 2024

With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market. However, CBDCs will not be the silver bullet to developing and accelerating cross-border payments.

Cross-Border Payments 145

Cross-Border Payments Cross-Border Digital Currency Central Bank 145

Fintech News

AUGUST 13, 2024

In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.

Cross-Border Payments 124

Cross-Border Payments Cross-Border Payments Instant Payments 124

Fintech News

OCTOBER 23, 2024

Emirates NBD has entered a strategic agreement with Singapore-based blockchain platform Partior to improve its cross-border payment capabilities. The partnership will allow Emirates NBD to offer clients faster, around-the-clock payment processing through Partior’s blockchain-based platform for clearing and settlement.

Cross-Border Payments 132

Cross-Border Payments Cross-Border Settlement Real Time Payments 132

The Fintech Times

JANUARY 8, 2025

Having obtained the MPI licence, XTransfer can now provide services including account issuance, domestic money transfer, cross-border money transfer, and e-money issuance, addressing the increasing demand for secure and convenient cross-border payment solutions in Singapore.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Payment Solutions Security 59

Fintech Finance

MARCH 24, 2025

By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time international payments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.

Cross-Border 64

Cross-Border Cross-Border Payments B2B Settlement 64

Fintech Finance

JANUARY 8, 2025

This significant milestone strengthens XTransfer’s leading position in the B2B cross-border payments industry. When both buyers and sellers have XTransfer accounts, they can achieve secure and compliant payment settlements 24/7, potentially saving up to 95% on remittance fees and 80% on currency conversion costs.

Authorization 105

Authorization Cross-Border Cross-Border Payments Regulatory Compliance 105

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 120

Cross-Border Payments Cross-Border Interoperability Payments 120

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

Fintech News

JUNE 4, 2024

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).

Cross-Border Payments 105

Cross-Border Payments Cross-Border CBDC Settlement 105

Fintech Finance

MARCH 25, 2025

Clapper, a rapidly growing social media platform, announces its partnership with TruBit , the leading digital asset payment solutions platform in Latin America , to enable seamless US-LATAM cross-border payments. and 31.4%. . This is a win-win-win for TruBit, Clapper, and their current and future users.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Payment Solutions Payments 52

Fintech Finance

MARCH 18, 2025

(StoneX; NASDAQ: SNEX) and Bamboo Payment Systems (Bamboo) announce that StoneX Payments, a division of StoneX, and Bamboo have entered into a strategic partnership to expand cross-border payment offerings and coverage for global merchants. The partnership includes an undisclosed investment by StoneX.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Correspondent Payments 52

Fintech News

DECEMBER 22, 2024

Cross-border payment firm XTransfer and OCBC Bank have announced a partnership to provide small and medium-sized enterprises (SMEs) with enhanced financial services for international trade. The collaboration focuses on payment processing, foreign exchange, risk management, and wealth management solutions tailored to SMEs.

Cross-Border Settlement 122

Cross-Border Settlement Cross-Border Multi-Currency Cross-Border Payments 122

Finextra

APRIL 3, 2024

A collection of seven central banks are working with the Bank for International Settlements to explore tokenisation of cross-border payments.

Cross-Border Payments 113

Cross-Border Payments Cross-Border Central Bank Settlement 113

Fintech News

JULY 3, 2024

The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS). trillion by 2025.

Cross-Border Payments 114

Cross-Border Payments Cross-Border Instant Payments Central Bank 114

Fintech Finance

FEBRUARY 26, 2025

Our new corporate card solution makes it easier for teams to handle expenses while ensuring greater transparency and efficiency, while payment acceptance allows businesses to accept payments from customers around the globe with fast, flexible settlements and a seamless checkout experience. Were excited for whats ahead.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Payments Faster Payments 59

Fintech News

APRIL 3, 2024

The initiative, which began in late 2022, aims to make cross-border payments faster, more affordable, transparent, and inclusive, leveraging technologies like QR code-based and fast payment modalities to improve payment connectivity across the region.

Cross-Border Payments 143

Cross-Border Payments Cross-Border Central Bank Payments 143

Fintech Finance

OCTOBER 21, 2024

Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments.

Cross-Border Payments 104

Cross-Border Payments Cross-Border Visa Near Real-Time 104

Fintech News

APRIL 3, 2024

The Bank for International Settlements (BIS) , in concert with seven prominent central banks, has embarked on an exploratory project known as Project Agorá aiming to modernise international monetary transactions. Being a member of the IIF is not a requirement to participate.

Cross-Border Payments 124

Cross-Border Payments Cross-Border Central Bank Federal Reserve 124

Fintech News

JULY 14, 2024

Ant International and BNP Paribas have entered a strategic partnership to enhance cross-border payment solutions for European merchants and consumers. This initiative will enhance the efficiency and speed of online cross-border payments and fund transfers within the SEPA Zone.

Cross-Border Payments 120

Cross-Border Payments Cross-Border Treasury Management Treasury 120

Fintech Finance

AUGUST 22, 2024

Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon ( BNY ), Australian businesses and individuals who receive international payments from BNY’s customers may now be paid in as little as 60 seconds1 regardless of who they bank with.

Near Real-Time 98

Near Real-Time Cross-Border Payments Cross-Border Settlement 98

Fintech Finance

FEBRUARY 26, 2025

. “Our new corporate card solution makes it easier for teams to handle expenses while ensuring greater transparency and efficiency, while payment acceptance allows businesses to accept payments from customers around the globe with fast, flexible settlements and a seamless checkout experience.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Payments Faster Payments 59

Fintech Finance

MARCH 24, 2025

If granted, the MPI license allows BC Payments Singapore to leverage Banking Circle’s extensive network of direct and indirect access to global clearing infrastructure, offering seamless cross-border payment services and operating as a key regional headquarters within its global payments hub.

Payments Institute 89

Payments Institute Cross-Border Payments Cross-Border Security 89

Fintech Finance

MARCH 6, 2025

KCB and Bank of Kigali customers will now be able to send and receive cross-border payments using PAPSS. The service is fully operational and accessible via the banks mobile applications and branch networks, enabling seamless transactions across African borders. This service is fast, affordable, and reliable.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 52

Fintech Finance

APRIL 24, 2024

Standard Chartered today announced that it has joined Visa B2B Connect, a multilateral payment network that enables faster and frictionless account-to-account cross-border payments for its corporate clients. We will join as a participant bank and as Visa’s new settlement partner for a set of currencies.

Cross-Border Payments 92

Cross-Border Payments Cross-Border Settlement B2B 92

Fintech Finance

OCTOBER 16, 2024

Macro Global , a leading global FinTech company, today announced a strategic partnership with Trust Payments , a leader in payments powering truly innovative customer-centric commerce solutions worldwide, which will make it simpler for cardholders to send money anywhere. uptime and next-day funding available.

Cross-Border Payments 105

Cross-Border Payments Cross-Border Payments Settlement 105

Fintech News

SEPTEMBER 10, 2024

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. billion grams of carbon emissions.

Cross-Border Payments 107

Cross-Border Payments Cross-Border APACS Interoperability 107

Fintech Finance

APRIL 24, 2024

The Bank of England has provided a strong commitment to the international programme through the development of its new Real Time Gross Settlement System (RTGS) which sits at the heart of the UK’s national payments infrastructure.

ISO 20022 145

ISO 20022 Cross-Border Payments ISOs Cross-Border 145