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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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. Fraud Prevention and Security Cross-border transactions have higher fraud risks than domestic payments.

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International Payments Process Multi-Currency Cross-Border 79

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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Cross-Border Payments Cross-Border Technology Multi-Currency 93

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

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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Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

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.

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Cross-Border Cross-Border Payments Accounts Multi-Currency 52

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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PYMNTS

OCTOBER 21, 2020

DBS Bank has launched a real-time online tracking feature for cross-border collections, a press release says, which will give better digital services for corporate clients. DBS also plans to offer cross-border support in China, India, Indonesia, Taiwan and Vietnam as well in the next few months, the release says.

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Cross-Border Cross-Border Payments SWIFT International Payments 72

PYMNTS

NOVEMBER 24, 2019

International payments and money transfer service CurrencyFair has announced Friday (Nov. 22) the launch of its new cross-border collections solution for marketplaces, according to a press release. million global buyers and an average annual purchasing demand of $500 billion.

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Cross-Border Cross-Border Payments NOV Global Payments 67

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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Cross-Border Cross-Border Payments Multi-Currency RTP 92

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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Cross-Border Cross-Border Payments Payments International Payments 72

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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Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

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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Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

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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Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

DECEMBER 22, 2020

In the latest edition of the Global B2B Payments Playbook , PYMNTS analyzes how the pandemic is affecting the O2C processes of businesses everywhere, especially those making cross-border transactions. It also examines what tools companies can tap to make these payments swiftly and securely. About The Playbook.

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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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Cross-Border Payments Cross-Border SWIFT Payments 66

PYMNTS

OCTOBER 11, 2016

More than ever before, international commerce has been brought within reach of smaller businesses, and they are more than ready for the opportunity. Though cross-border trade is a desirable opportunity, it requires businesses to face currency exchange risks and complexities in dealing with different banking systems.

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Cross-Border Payments Cross-Border Risk International Payments 75

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. The new operation combines R3 ’s blockchain expertise with Mastercard’s existing payment assets and distribution. “We 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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Cross-Border Payments Cross-Border ACH Payment Networks 75

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

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.

International Payments 51

International Payments API Payment APIs and Integration Cross-Border 51

PYMNTS

JUNE 4, 2019

Visa and Currencycloud, an enterprise-class payments platform, announced on Tuesday (June 4) a partnership to drive more innovation in cross-border and travel payments. It will account for more than a fifth of the global eCommerce market.

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Cross-Border Multi-Currency Cross-Border Payments Payments 55

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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Fintech News

JULY 15, 2024

The Surge in Cross-Border Transactions The report also unveiled a significant increase in cross-border transactions. This trend reflects the global nature of the travel industry, where businesses often interact with partners and suppliers from various countries.

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Cross-Border Payments Fraud Detection Contactless Payments 98

PYMNTS

SEPTEMBER 30, 2019

(JCBI) have unveiled a partnership that provides international students with a new way to make cross-border tuition payments. Ryan Frere, vice president of global payments for Flywire, said in the announcement, “We are always pursuing new payment options for our client schools to offer students and their families.”

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Cross-Border Payments Payer Reconciliation 59

PYMNTS

FEBRUARY 15, 2018

A culinary luxury is facing increased demand in new, farther-flung markets, creating the need for efficiency and flexibility in cross-border receivables infrastructure. Worldwide happenings in the X-Border space. Dutch bank ABM AMRO recently launched Franx, a new cross-border payments platform.

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PYMNTS

JANUARY 29, 2018

Money that crosses borders usually has an arduous trek. Consider the fact that payment that originates in one country does so in the “home” currency but gets settled in another currency once received. Along the way, there are foreign exchange fees, documents to manage and sundry regulations to navigate.

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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.

Cross-Border Payments 51

Cross-Border Payments Cross-Border Payment APIs and Integration Payments 51

Clearly Payments

OCTOBER 7, 2024

As the subscription model becomes increasingly prevalent across industries, payment processors are focused on enhancing the flexibility and reliability of their recurring payment solutions, ensuring they can meet the evolving needs of businesses and consumers alike.

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Cross-Border Processors Multi-Currency Contactless Payments 88

PYMNTS

JUNE 29, 2018

If entranced by bitcoin’s ebbs and flows, one would be forgiven for being caught off guard (if they are, in fact, off guard) to find that a major bank is coming to market with a service backed by blockchain, which now is live and available — and can help make sure that funds cross borders with speed and surety.

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Blockchain Global Payments Cross-Border Payments 83

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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Cross-Border Payments Cross-Border Digital Currency Payments 40

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 International Payments Cross-Border 95

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. Together, the companies said they will look to digitize cross-border B2B payments.

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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. “

Cross-Border Payments 43

Cross-Border Payments Cross-Border ACH International Payments 43

Fintech Finance

JUNE 5, 2024

iPiD (International Payment Identity), a pioneer in global fintech, announced it has secured USD 5.3 They are joined by global fintech venture funds QED Investors and Quona Capital, alongside existing partners Jungle Ventures, 1982 Ventures, Saison Capital and Resolution Ventures.

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PYMNTS

DECEMBER 12, 2017

11) that its WorldLink Payment Services has added 10 new countries with which it can facilitate cross-border payments; the markets are across the EMEA (Europe, Middle East and Africa) region, said Citi. “We The expansion means corporate customers of Citi can send ACH payments into these 10 new markets.

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