Fintech News

APRIL 11, 2024

This burgeoning sector, characterised by its complexity and diversity, demands payment solutions that are efficient and adaptable to the nuanced dynamics of cross-border trade. Amidst the APAC region’s rapid economic ascent and the explosion of digital commerce, cross-border payment practices have noticed an evolution.

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Fintech Finance

SEPTEMBER 12, 2024

The partnership is focused on enhancing cross-border payment services for e-commerce merchants in APAC. Unlimit’s global payment portfolio consists of 1,000+ directly integrated payment methods and local acquiring licenses operating across 5 continents. significant surge in import-export volume in 2023.

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Fintech Finance

OCTOBER 16, 2024

Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. Available from January 2025, the service is the result of extensive collaboration with banks from around the world and a successful pilot earlier this year.

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Fintech Finance

SEPTEMBER 23, 2024

Airwallex , a leading global payments and financial platform for modern businesses, today revealed how its global financial technology has improved McLaren Racing’s financial operations throughout the 2024 Formula 1 season.

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Finextra

JULY 9, 2024

Join FinextraTV as Mick Fennell, Business Line Director, Payments at Temenos, and Jan-Willem van der Schoot, Country Manager, Mastercard Netherlands, delve into the evolving landscape of cross-border payments.

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Fintech News

JULY 31, 2024

Global payments company Nium has expanded its local funding and collection services to over 40 countries and 15 currencies, with more to come. The expansion aims to simplify cross-border transactions, which are often challenging due to limited currency availability and cash flow management complexities.

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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).

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Fintech News

APRIL 22, 2024

Global payments company Nium has announced a new partnership with Artajasa, a prominent Indonesian payment infrastructure provider. Featured image credit: Edited from Freepik The post Nium Partners with Artajasa to Enhance Cross-Border Payments in Indonesia appeared first on Fintech Singapore.

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Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.

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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 News

DECEMBER 13, 2023

Global payments firm Airwallex has partnered with Woo, an open-source ecommerce platform on WordPress, to offer a new payment option for the latter’s merchants. This partnership aims to simplify cross-border commerce for global merchants without the high foreign exchange conversion fees.

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PYMNTS

OCTOBER 7, 2020

Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT ’s latest service to speed effortless global cross-border payments for small- and medium-sized business (SMBs) and consumer markets. “We Oracle and SWIFT share a history of collaboration.

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PYMNTS

OCTOBER 14, 2020

Cambridge Global Payments , a FLEETCOR company working on cross-border payments, has partnered with enterprise blockchain solution Ripple on a cross-border payment solution for B2B customers, according to a press release. This isn't Ripple's first foray into cross-border payments.

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Fintech Finance

MAY 28, 2024

1 B2B Cross-Border Trade Payment Platform, is excited to announce a strategic partnership with TerraPay , a leading global money movement company. This partnership will be instrumental in boosting cross-border trade while significantly broadening the spectrum of payment methods available to SMEs.

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Fintech Finance

JUNE 10, 2024

Together, the two companies aim to empower customers with a wider range of fast, secure and cost-effective cross-border payment solutions. This partnership reflects our shared vision of empowering businesses and consumers worldwide with innovative payment solutions.”

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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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Fintech Finance

MAY 30, 2024

Swift has today announced two AI-based experiments in collaboration with its member banks, to explore how the technology could assist in combatting cross-border payments fraud and save the industry billions in fraud-related costs.

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Fintech Finance

MAY 1, 2024

Today, Borderless AI , a leading Employer of Record (EOR) services provider, announced its strategic partnership with Nium , the global leader in real-time, cross-border payments, aiming to revolutionize cross-border payments in the EOR industry.

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Fintech Finance

JUNE 3, 2024

Nium , the global leader in real-time cross-border payments, today announced the expansion of its platform to serve the multi-trillion-dollar global marketplace opportunity. Different regions also bring their own unique economic context, which may dictate seller payment schedules, methods, cost and speed.

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Fintech Finance

AUGUST 20, 2024

TerraPay , a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions.

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Faster Payments Council

DECEMBER 8, 2020

Cross-border payments are vital to the overall global payments infrastructure. But while new initiatives and payments technology innovations have emerged in recent years to move cross-border payments forward, multiple obstacles remain in place and new ones are quickly becoming more apparent.

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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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Clearly Payments

NOVEMBER 19, 2023

In a time defined by globalization, businesses often look to cross international borders for expansion. One pivotal tool that facilitates this global reach is the international merchant account. Global Payment Processing: International merchant accounts leverage a network of processors to handle transactions globally.

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Fintech News

OCTOBER 21, 2024

Global payments company Thunes has launched a new service that enables banks to send payments directly to mobile wallets worldwide. This eliminates the need for separate technical integration and allows for faster, more transparent cross-border payments.

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The Payments Association

SEPTEMBER 25, 2024

offers cutting-edge AI-driven fraud prevention and compliance with multi-currency accounts for cross-border payments. We ensure your business thrives in the global market by providing secure, simple and scalable financial solutions. Businesses today need seamless and secure financial services. DigiDoe Ltd. Read more

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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. COVID-19’s Big Push .

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Payments Source

JULY 9, 2019

Mastercard has closed its acquisition of cross-border payments provider Transfast, closing out a deal the card network announced in early March after dropping out of a bidding war with Visa for global payments company Earthport.

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PYMNTS

JULY 1, 2019

The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. The bank recently announced it had been testing moving international funds using Ripple.

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PYMNTS

SEPTEMBER 8, 2020

Thunes , the FinTech startup which operates a global cross-border payments network for emerging economies, announced Tuesday (Sept. The cash will be used to hire more staff and expand its product offering, including business payments and collections from emerging markets.

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The Paypers

AUGUST 24, 2023

Macau-based Macau Pass has partnered with global payment facilitator Alipay+ in a bid to expand cross-border payments in over 40 countries.

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PYMNTS

JULY 14, 2020

An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The current problem, according to the report , is that the payments setup “can be slow, expensive, unreliable” — or even unavailable in some countries.

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PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made. So, what’s the problem? What’s Changing?

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PYMNTS

FEBRUARY 14, 2019

The movement toward cross-border payments — done digitally, at lower cost and completed faster — is an inexorable one. Headlines in recent weeks have centered on the efforts by Ripple and messaging service SWIFT to improve cross-border money transfer activities.

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PYMNTS

JULY 14, 2020

An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The current problem, according to the report , is that the payments setup “can be slow, expensive, unreliable” — or even unavailable in some countries.

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Finextra

JUNE 25, 2024

Discover how businesses are meeting the challenge of instant payments, the steps being taken to overcome infrastructure and technology investment barriers, and the progress being made in breaking down obstacles in cross-border payments.

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Bank Automation

AUGUST 13, 2024

NEW YORK — BNY is developing a cross-border instant payments solution to keep up with demand for real-time payments. There are 90 real-time payments networks across the globe, Carl Slabicki, co-head of global payments at BNY Treasury Services, said today at a roundtable hosted by the $30 billion financial institution.

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Payments Source

JUNE 28, 2019

Naval Group, an international technology company specializing in naval defense systems, is among the first to complete a cross-border payment through Swift's global payments innovation early adopter program.

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