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Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT ’s latest service to speed effortless globalcross-borderpayments for small- and medium-sized business (SMBs) and consumer markets. “We The subsidiary of Oracle Corp. is an IT solution provider to the financial services industry.
Nium, a globalpayments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-borderpayments faster and more affordable.
Nium, a globalpayments 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-borderpayments.
Globalpayments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-borderpayment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets.
Mesta , a fintech platform reshaping globalpayment networks with hybrid fiat and stablecoin payment rails, unveiled its cross-borderpayment platform. It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in globalpayments and trade.
In the Asia-Pacific (APAC) region, the economic growth narrative is interwoven with technological innovation, propelling the B2B payments market into new realms of possibility. These diverse payment modalities symbolise businesses’ dynamic strategies to navigate the varied financial terrains across the Asia-Pacific region.
Cambridge GlobalPayments , a FLEETCOR company working on cross-borderpayments, has partnered with enterprise blockchain solution Ripple on a cross-borderpayment solution for B2B customers, according to a press release. This isn't Ripple's first foray into cross-borderpayments.
Globalpayments network Thunes has announced a collaboration with Circle , the issuer of regulated stablecoins USDC and EURC. This partnership aims to enhance stablecoin liquidity management in cross-borderpayments. said Jeremy Allaire, Co-founder and CEO of Circle.
In a significant milestone for the fintech industry, Paysend , the UK-based globalpayments platform, has announced reaching 10 million consumer customers worldwide. As the largest global digital network with over 25 billion endpoints, our mission is to simplify international payments for everyone.
Thunes, a globalpayments company, has launched a new Pay-to-Card solution that allows its members to send real-time payments to 15 billion Mastercard, Visa, and UnionPay cards worldwide. said Floris de Kort, CEO of Thunes. said Chloe Mayenobe, President and COO of Thunes. said Chloe Mayenobe, President and COO of Thunes.
Over the past year Wise Platform , Wise’s globalpayments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint.
Banking software provider Temenos and globalpayments leader Visa have announced a collaboration to simplify and streamline cross-borderpayments for banks and their customers. This offers scalability and intelligent routing to meet the needs of the rapidly evolving and expanding payments landscape.
TerraPay, a global money movement company, and PYMNTS, a global leader in payments and fintech insights, have released a detailed report on the future of cross-borderpayments. financial institutions currently support wallet-based B2B payments, indicating vast untapped opportunities for growth.
SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. 16) that its cross-border platform will be retooled to enable financial institutions to deliver instant transactions. Last month, AscendantFX Capital, a Toronto-based cross-borderpayments provider, joined the SWIFT network.
Standard Chartered , the international cross-border bank, has become the first Euro settlement bank to go live on Partior, the global unified ledger market infrastructure, and has completed Euro-denominated cross-border transactions between Hong Kong and Singapore.
Globalpayments 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-BorderPayments in Indonesia appeared first on Fintech Singapore.
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-borderpayments.
FXC Intelligence, a data platform specializing in the cross-borderpayment and e-commerce sectors, has released its annual selection of the world’s top cross-borderpayment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide.
Thunes , a global money movement innovator, has now enabled hundreds of merchants in Paris to accept cross-borderpayments from 15 international e-wallets and mobile partners via Alipay+. Welcoming them to the fully compliant Thunes Global Network ensures secure and efficient transactions, supporting our partner’s growth.”
Morgan Stanley has partnered with Wise Platform to enhance its cross-borderpayment capabilities for corporate and institutional clients. Wise Platform, the globalpayments infrastructure for banks, enables financial institutions to offer international payments using Wises network.
The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-borderpayments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).
Cross-borderpayment firm XTransfer is leveraging its success in China to fuel an ambitious global expansion plan. Bill Deng “In Singapore, we have received in-principle approval for a major payment institution (MPI) license, and we will have the full license soon. XTransfer was founded to address these gaps.
Through a new cross-borderpayments 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.
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-borderpayments for individual and business customers. Users in the U.S.
Globalpayment orchestration platform FinMont has announced a new partnership with Danish Payments Service Provider Inpay. The founders of German airline, Hahn Air, launched FinMont to offer the travel industry a unique solution that, unlike other options available, streamlines not only B2C payments but also B2B payments.
The partnership is focused on enhancing cross-borderpayment services for e-commerce merchants in APAC. Unlimit’s globalpayment 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.
Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement and the general public – and new developments in cross-borderpayments may be making it easier.
Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-borderpayment volumes have taken a hit. The need to purchase goods and services remains as high as ever, and increasingly, spend is occurring on an international scale.
Viably , a leader in innovative financial solutions for ecommerce, today announced a partnership with Airwallex , a leading globalpayments and financial platform for modern businesses. The Viably Global Account has transformed how we handle our business finances,” said Al Perel, owner of ecommerce seller 2SeeLife.
Globalpayments 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.
.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay’s Cross-Border business has entered into an agreement with Everton FC , one of the founding members of the Premier League to become their Official Foreign Exchange (FX) Supplier.
With a highly skilled international workforce, long-established support for innovation and a well-developed reputation as a global finance hub, cross-borderpayments in Singapore have the makings of a global hub. These figures emphasize the high focus on cross-borderpayments in the domestic payment market.
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-borderpayment market is expected to grow by over USD 100 trillion in the next decade, reaching over USD 250 trillion by 2027.
The collaboration progresses a strategic relationship the two organisations announced in October 2022, and reflects a commitment by Swift, GSS and the GSS Advisory Board, comprising 35 of the world’s leading financial institutions, to reduce inefficiency in the globalpayments ecosystem.
D24 , a premier payments solutions provider, enabling companies to access over 27 countries via alternative payment methods (APMS) and single API card processing, today announces a strategic partnership with Yuno , the leading globalpayments orchestration platform. year-on-year), Argentina (17.0%) and Brazil (15.4%).
Sam Coyne, CMO Europe at Currenxie, has spent a decade in Asia in B2B technology companies in a variety of sectors, and has held regional and global roles. Here, he provides insights on cost-effective cross-borderpayment strategies for businesses.
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].
As the cross-borderpayments industry contends with de-banking and stringent regulations, can emerging technologies and alternative solutions pave the way for a more efficient and accessible globalpayments landscape? Read more
In addition, Emirates NBD is looking to serve as a participating bank for major foreign currencies, in a move that bolsters its client offerings to provide real-time payments. It underscores our belief in blockchain’s transformative potential for financial services, particularly in cross-border transactions.
The fintech startup okoora has made conducting cross-border business much more convenient and easier thanks to the launch of its new mobile app. ABCM is okoora’s AI-powered cloud platform for globalpayments, banking and risk management.
Airwallex , a leading globalpayments 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. Over the course of a month, this new process is saving the McLaren Racing finance team half a day of work.
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 globalpayments at BNY Treasury Services, said today at a roundtable hosted by the $30 billion financial institution.
CLOWD9 , a leading cloud-native, B-Corp certified issuer processor, is excited to announce its strategic agreement and certification with Discover® Global Network, a prominent globalpayments network. Together, we will enhance customer experience, drive global growth, and set new benchmarks in the payments industry.”
HSBC is introducing a new real-time payments tool that will enable its 14 million international customers to transfer funds through a single account in 20 countries around the globe. “As This will allow them to pay bills in multiple markets, make crossborder transfers and spend like a local wherever they are.”.
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