BNY developing a cross-border instant payments solution
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. And 80% percent of […]
Cross-Border Global Payments Payment Solutions 
OwlTing Teams Up With Visa to Streamline Cross-Border Payments
Fintech Finance
OCTOBER 1, 2024
OwlTing Group (“Company”), a global blockchain fintech company, today announced plans to implement Visa Direct solutions under a global agreement with Visa, a world leader in digital payments to provide real-time cross-border payments for individual and business customers.
MSB and TerraPay Collaborate to Simplify and Enhance Cross-Border Money Transfers
Fintech Finance
SEPTEMBER 19, 2024
Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has signed a strategic cooperation agreement with TerraPay , a global money movement company. According to forecasts from the Bank of England, the cross-border payment market is expected to grow by over USD 100 trillion in the next decade, reaching over USD 250 trillion by 2027.
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Mastercard to Offer Real Time Cross-Border Payments for Commercial Clients
Finovate
OCTOBER 21, 2024
Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. with Lloyds Banking Group and UBS.
Revolutionising Cross Border Payments in the APAC Ecosystem
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.
XTransfer and TerraPay Partner to Empower Global SMEs with Enhanced Cross-Border Payment Solutions
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.
Corpay Cross-Border Continues Global Expansion with Launch of New Office in New Zealand
Fintech Finance
JUNE 18, 2024
Corpay, Inc.* , (NYSE: CPAY), a global leader in corporate payments, is pleased to announce the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. link] ; a full listing of the companies that are part of Corpay Cross-Border is available here: [link].
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Stripe Boosts Cross-Border Commerce in Asia With AI-Powered Payments
Fintech Finance
AUGUST 28, 2024
Stripe , a financial infrastructure platform for businesses, today gave an update on the growth of the internet economy in Asia, highlighting Stripe’s expanded market coverage and AI-powered payments to support cross-border commerce. Last year, cross-border payment volume in Asia on Stripe grew more than 30%.
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Nium Partners with Artajasa to Enhance Cross-Border Payments in Indonesia
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.
Worldwide Cash Express and TerraPay Partner to Enhance Cross-Border Payment Experience for Customers
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. We are thrilled to join forces with Worldwide Cash Express, extending access to our global network for their valued customers,” said Ram Sundaram Co-founder and COO of TerraPay.
Oracle, SWIFT Add Fast Cross-Border Payments For SMBs
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’s solutions have been SWIFT-compatible for more than a decade.
Cambridge Global, Ripple Partner On Cross-Border Payments
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.
Borderless AI and Nium Transform Employer of Record Business With Real-Time Cross-Border Payments
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. For more information, visit us here.
YES BANK and EBANX Announce Strategic Partnership to Empower Cross-Border Commerce in India
Fintech Finance
MAY 7, 2024
YES BANK , a leading private sector bank in India, and EBANX , a global fintech company specialized in payment solutions for emerging markets, announced today a strategic partnership for payment processing in India, for the global digital economy. ” Ms.
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TerraPay Forms Council With Leading Digital Wallets to Accelerate Cross-Border Payments Interoperability
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.
Swift and Global Banks Launch AI Pilots to Tackle Cross-Border Payments Fraud
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.
Ebury and Nium expand partnership to power cross-border payments in Brazil
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.
Airwallex Hong Kong Increases Local Customer Base by Nearly 80% Amid Growing Adoption for Cross-Border Money Transfers
Fintech Finance
JUNE 12, 2024
Airwallex , a leading global payments and financial platform for modern businesses, saw robust customer growth in Hong Kong, with its transacting customer base increasing by 79% YoY in the first quarter of 2024.
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Mastercard Teams up With Safaricom to Unlock ‘New Opportunities’ for M-PESA Merchants in Kenya
The Fintech Times
SEPTEMBER 22, 2024
Payments giant Mastercard has partnered with Kenyan mobile network operator Safaricom , to accelerate the adoption of payment acceptance and cross-border remittance services across Kenya. enabling them to serve customers across global markets. enabling them to serve customers across global markets.
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TerraPay and Thredd Partner to Build the Next Generation of Payment Solutions and Money Movement for Global Travel Providers
Fintech Finance
JUNE 19, 2024
TerraPay , a global leader in money movement, has chosen Thredd , a next-generation global payments platform, to power virtual card payments for global suppliers.
Safaricom and Mastercard Partner to Expand Remittances and Payment Acceptance to Over 636,000 Merchants in Kenya
Fintech Finance
SEPTEMBER 20, 2024
Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. Kenya’s payment acceptance market continues to grow, with mobile wallet payments driven by M-PESA showing a 12.7% CAGR between 2020 and 2024.
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Thunes Unveils QR Code Payments Solution Connecting Global Financial Apps to China’s Cashless Economy
Fintech Finance
OCTOBER 22, 2024
Thunes , the Smart Superhighway to move money around the world, today announced the launch of its revolutionary QR Code Payments solution. As China promotes its visa-free travel policies initiative to boost international tourism, Thunes’ launch of the QR Code Payments solution is timely.
Thunes Powers LianLian Global’s New Payment Service
Fintech Finance
JULY 10, 2024
Thunes , a global money movement innovator, today welcomes LianLian Global , a leading Chinese e-commerce cross-border payment service provider, to the Thunes Global Network. LGPS addresses the challenges of traditional cross-border payments, such as high costs, slow processing times and complex procedures.
Cambridge Global Payments, Ripple to boost cross-border payments speed
The Paypers
OCTOBER 15, 2020
Canada-based cross-border payments provider Cambridge Global Payments has partnered with Ripple to deliver cross-border payment solutions to B2B customers.
Collaboration Is Key For Consensus On Cross-Border Payments
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?
New Opportunities for International Businesses: TerraPay Partners with Multipass
Fintech Finance
MAY 7, 2024
TerraPay , a leading global money movement company, has joined forces with Multipass , a bank challenger in the financial technology sector, to redefine cross-border payment solutions for corporate customers. All while prioritizing security and efficiency in speed and costs.
Nium Expands Operations in Latin America, Accelerating Global Real-Time Payments in the Region
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.
Ripple and International Rescue Committee Partner to Innovate Humanitarian Aid Delivery
Fintech Finance
OCTOBER 21, 2024
Together, Ripple and the IRC will explore how Ripple’s cross-border payments solution and pending RLUSD stablecoin can be used in the delivery of humanitarian aid. Ripple has pledged a $1 million multi-year commitment to help the IRC.
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Outdated Payment Systems Eroding Profit Margins Across Travel Industry
Fintech News
JULY 9, 2024
A new report by global payments firm Airwallex and Skift Research reveals that 66 percent of travel companies worldwide are experiencing reduced profit margins due to outdated payment systems. However, 67 percent of executives find cross-border payments more complicated due to volatile exchange rates.
The Long Term Impact of COVID on the Payments Market
Clearly Payments
OCTOBER 7, 2024
Recurring Payment Solutions : Payment processors have had to adapt by offering solutions that support automated billing, recurring payments, and subscription management. Cross-Border E-commerce Growth : Cross-border e-commerce grew by 21% in 2020, according to a report by the International Post Corporation (IPC).
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MultiPass Secures Licence to Operate in the UAE
Fintech Finance
AUGUST 9, 2024
MultiPass , a global payment solution that provides modern financial products for businesses trading globally, has obtained a financial services licence in the UAE, regulated by the Dubai Financial Services Authority (DFSA). We look forward to contributing to the dynamic economic landscape of the UAE and the Middle East.”
Alibaba Signs Up With Banking Circle For Cross-Border Payments
PYMNTS
SEPTEMBER 27, 2018
In a press release , Alibaba said the partnership with Banking Circle showcases the effectiveness of Banking Circle being a provider of mission-critical infrastructure for online cross-border payments. “We It’s a cohesive solution – there’s no differentiation between local and cross-border payments.
Mastercard Acquires Transfast To Expand Cross-Border Services
PYMNTS
MARCH 8, 2019
8) that it will acquire global cross-border money transfer company Transfast, which works with both P2P and B2B payments. We believe Transfast gives us the strongest platform to immediately enhance our cross-border capabilities and further deliver on our strategy,” said Michael Miebach, Mastercard chief product officer.
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95% of Singapore Travel Firms Eye Payment Tech Upgrades as Top Priority
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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2025 - 2030: Predictions for Real-Time Payments, ISO20022 and APIs
Finextra
JUNE 28, 2024
At EBAday 2024, Akshat Saharia, Head of European Financial Institutions Product and Propositions, Global Payments Solutions, HSBC discusses the biggest changes to occur across the cross-border payments landscape in the next five years.
Mastercard, R3 Team Up To Bring Blockchain To Cross-Border Payments
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
Finding The Right Fit For Cross-Border B2B Payments
PYMNTS
DECEMBER 3, 2019
And with the ability for even the smallest of businesses to step into an international market, and to both source and procure from business partners around the world, the expansion of cross-border B2B transaction volume is only slated to accelerate. However, he noted, global payments friction runs rampant.
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Emirates NBD strikes payments deal with Nium
Finextra
MAY 7, 2024
Nium, the global leader in real-time cross-border payments, today announced a partnership with Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, to empower customers with a cutting-edge global payments solution that will redefine the financial services landscape in the Middle East and beyond.
Airwallex and McLaren Racing pen multi-year partnership to modernize global payment operations and support the Formula 1 Team
Fintech Finance
FEBRUARY 5, 2024
Airwallex , a leading global payments and financial platform for modern businesses, today announced a multi-year partnership with the McLaren Formula 1 team , one of the sport’s most iconic brands. Jack Zhang, CEO and Co-Founder of Airwallex, said “There are very few brands that match McLaren’s heritage and global appeal.
Deep Dive: Why Businesses Are Seeking New Technologies To Optimize Cross-Border B2B Payments During The Pandemic
PYMNTS
NOVEMBER 13, 2020
The cross-border B2B payments space experienced a small drop in growth during the first half of 2020 due to the COVID-19 pandemic’s effects, but it is expected to continue expanding despite this hiccup. Many firms still process cross-border transactions through wire transfers.
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ONPEX Links Wirexend To SWIFT Cross-Border Payments
PYMNTS
MARCH 5, 2019
Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. “Partnering with Wirexend has helped ONPEX expand the global reach of its growing platform,” said Christoph Tutsch, CEO of ONPEX, in a statement.
PXP Financial Selects Kushki to Expand Its LatAm Footprint
The Fintech Times
OCTOBER 16, 2024
Global payment service, PXP Financial (PXP) is looking to offer its customers a more integrated payment solution that covers the entire payment value chain, from acceptance to settlement. PXP Financial has already successfully integrated Kushki’s API, enabling an efficient payment flow.
LianLian Selects Thredd to Bring its Card Program to APAC
Finovate
AUGUST 12, 2024
Digital payment solutions company Thredd announced a partnership with global payments company LianLian Global to help the Singapore-based company launch its virtual card program in the APAC market. The news comes weeks after Thredd initiated partnerships with TerraPay and Spendbase.
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The Other Cross-Border Payments Risk
PYMNTS
OCTOBER 11, 2016
Though cross-border trade is a desirable opportunity, it requires businesses to face currency exchange risks and complexities in dealing with different banking systems. The Real Payment Opportunity. But the greater weight placed on global payments does not come without its complications.
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