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

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 News

FEBRUARY 19, 2024

In a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-Border Solutions, powered by Currencycloud, shared insights into the acquisition of Currencycloud by Visa, shedding light on the evolution of their collaboration and the impact it has had on global money movement.

Cross-Border 112

Cross-Border Cross-Border Payments Multi-Currency Payment APIs and Integration 112

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

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.

Cross-Border 98

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

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. Nium has been present in the region dating back to 2017.

Real Time Payments 98

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

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 Finance

APRIL 8, 2024

TerraPay , a global money movement company, has been granted a Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS) —a significant milestone solidifying TerraPay’s position as a cross-border payments powerhouse.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Regulatory Compliance APACS 52

The Fintech Times

AUGUST 13, 2024

Nium , the global real-time cross-border payments provider, is looking to strengthen its presence in Latin America by applying for new payment licenses, joining fintech associations, growing its team, and signing new customers.

Cross-Border Payments 68

Cross-Border Payments Cross-Border Real Time Payments Correspondent Bank 68

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 3.0 105

Web 3.0 Cross-Border Payments Cross-Border Alternative Payment Methods 105

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). The company plans to launch new services in the coming months, further streamlining international money transfer offerings.

Cross-Border 106

Cross-Border Cross-Border Payments APACS Payments Institute 106

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 106

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 106

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 109

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 109

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 126

Cross-Border Payments Cross-Border Gateways Central Bank 126

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 106

Cross-Border Payments Cross-Border Payments Authorization 106

Finextra

APRIL 8, 2024

TerraPay, a global money movement company, has been granted a Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS)—a significant milestone solidifying TerraPay’s position as a cross-border payments powerhouse.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Payments Institute Authorization 52

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 106

Cross-Border Cross-Border Payments Payments Payments Institute 106

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 112

Cross-Border Security APACS Alternative Payment Methods 112

The Fintech Times

JANUARY 29, 2024

Higlobe , a payment solution provider for global businesses and remote professionals, has joined forces Triple-A , the digital currency payment institution, to better support remote workers in the Philippines by providing instant, free payment transfers from the United States.

Instant Payments 58

Instant Payments Cross-Border Payments Cross-Border Payments 58

The Fintech Times

NOVEMBER 5, 2024

Wise , the fintech focused on money transfer, has been granted direct access to the Philippines’ real-time payment system, InstaPay, enabling it to enhance the cross-border payment experience for around 13 million of its customers.

Real Time Payments 58

Real Time Payments Cross-Border Payments Cross-Border Correspondent Bank 58

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

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.

Stablecoins 68

Stablecoins Cross-Border Payments Cross-Border Cryptocurrency 68

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

The Paypers

NOVEMBER 22, 2023

Flagright has partnered with UK-based payment institution Sciopay to optimise the latter’s security measures for cross-border payments and foreign exchange management.

Cross-Border Payments 41

Cross-Border Payments Cross-Border Payments Institute Security 41

Fintech Finance

DECEMBER 13, 2023

Worldline (Euronext: WLN), a global leader in payment services, announces its wholly owned subsidiary, GCS APAC, has been granted Major Payment Institution license by the Monetary Authority of Singapore (MAS).

Payments Institute 52

Payments Institute APACS Push-to-Card Cross-Border 52

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

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

AUGUST 9, 2024

Latin America and the Caribbean Uruguay-based cross-border payments platform dLocal forged a strategic partnership with cross-border payments company iTransfer. Canadian fintech Nuvei agreed to acquire Brazilian licensed Payment Institution, Pay2All.

Electronic Funds Transfer (EFT) 106

Electronic Funds Transfer (EFT) Cross-Border Payments Financial Inclusion Cross-Border 106

Fintech News

SEPTEMBER 4, 2024

HitPay secured in June a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), enabling it to offer merchant acquisition and domestic and cross-border money transfer services. With a US$6.6

FinTech 112

FinTech Cross-Border Payment APIs and Integration Credit Cards 112

Fintech Finance

MARCH 6, 2024

Currencycloud , a Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) licence holder from the Monetary Authority of Singapore (MAS).

Authorization 52

Authorization Multi-Currency Cross-Border Payments Institute 52

PYMNTS

SEPTEMBER 29, 2017

PingPong Financial Group , a Chinese FinTech company, has received a Payment Institution (PI) license from the government of Luxembourg. More broadly, cross-border direct selling is a new format within eCommerce and thus faces layers of regulatory red tape that are not always clearly defined. Japan and now Luxembourg.

Governance 51

Governance Government Cross-Border Cross-Border Payments 51

Fintech News

JANUARY 24, 2024

Each license allows the holder to conduct multiple specific payment services. Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard Payment Institutions, and 175 Major Payment Institution licenses had been issued.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Stablecoins 98

PYMNTS

JANUARY 10, 2019

Nowhere is that more evident than in China’s explosive cross-border eCommerce, forecast by the China eCommerce Association to be worth more than 9 trillion yuan ($1.3 Nowhere is that more evident than in China’s explosive cross-border eCommerce, forecast by the China eCommerce Association to be worth more than 9 trillion yuan ($1.3

Cross-Border 63

Cross-Border Account Takeovers Regulations Due Diligence 63

PYMNTS

AUGUST 2, 2019

In B2B, cross border payments are about much more than dollars and cents. At present, the company is an authorized payment institution regulated by the United Kingdom by the Financial Conduct Authority (FCA), and the firm has also been setting up local settlement accounts in other countries. We mean that literally.

B2B 41

B2B Cross-Border Online and Mobile Banking Central Bank 41

Finance Magnates

MARCH 27, 2023

We understand that a money transfer license can go by many names in different countries, such as bureau de change, remittance license, money services organization license, money transfer operator license, or payment institution license, among others.

Legal 52

Legal Regulations Origination Cryptocurrency 52

PYMNTS

NOVEMBER 5, 2019

The company is instead going to concentrate on its cross border business-to-business payments solution. Nanu told Bloomberg Nium will concentrate its efforts on cross-border payments and go after an electronic money institution license in Mexico and Brazil. So far, no one else has backed out.

Cross-Border 40

Cross-Border Cross-Border Payments NOV Payments Institute 40

PYMNTS

OCTOBER 28, 2019

Digital cross-border payments provider InstaReM has announced that it is rebranding to become part of Nium , the first global payments platform that allows businesses to send, spend and receive money from around the world.

Cross-Border Payments 51

Cross-Border Payments Cross-Border Global Payments Payments Institute 51