Fintech Finance

APRIL 24, 2024

The replacement RTGS system, slated for readiness in August 2024, makes support for ISO 20022 a prerequisite for all international payments from the SWIFT deadline. The shift in cross border payments is the first step in what will become a broader adoption of the ISO 20022 standard in the payments environment as a whole.

ISO 20022 145

ISO 20022 Cross-Border Payments ISOs Cross-Border 145

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.

Cross-Border 98

Cross-Border Cross-Border Payments Agreements Global Payments 98

Fintech Finance

OCTOBER 22, 2024

Nium , the leading global infrastructure for real-time cross-border payments, is thrilled to announce its strategic partnership with Doha Bank , a premier financial institution in Qatar. Central to this collaboration is the commitment to offer fast, reliable, and cost-effective remittance services to residents of Qatar.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Real Time Payments Financial Inclusion 52

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.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Technology Multi-Currency 98

Fintech Finance

MARCH 20, 2024

Visa Cross-Border Solutions , a Visa (NYSE: V) division specialising in cross-border money movement, and LemFi , a leading international payments company, have signed a deal that significantly expands their existing partnership globally. We’re so excited to be on that journey with them”.

Cross-Border 98

Cross-Border Debit Card International Payments Facilitators 98

Fintech Finance

JULY 12, 2024

Datapro , a leading provider of core banking systems and digital solutions, recently collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Visa Payment APIs and Integration 98

Finextra

MARCH 20, 2024

Visa Cross-Border Solutions, a Visa (NYSE: V) division specialising in cross-border money movement, and LemFi, a leading international payments company, have signed a deal that significantly expands their existing partnership globally.

Cross-Border 59

Cross-Border International Payments Payments 59

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.

Cross-Border Payments 120

Cross-Border Payments Cross-Border SWIFT Fed 120

Bank Automation

AUGUST 28, 2024

BNY has joined forces with Commonwealth Bank of Australian to provide its customers with near real-time payments for cross-border transactions. By working with CBA, BNY customers can make and receive payments in about 60 seconds, an Aug. 22 BNY release stated.

Near Real-Time 72

Near Real-Time Cross-Border Real Time Payments Transactions 72

Fintech Finance

AUGUST 29, 2024

As cross-border payment demand reaches new heights, remittance companies continue to turn to the Trulioo global platform for its comprehensive analytics and localized digital verification workflows in 42 languages. We are proud to hold the trust of leading remittance brands in a rapidly expanding global industry.”

Cross-Border Payments 95

Cross-Border Payments Cross-Border Transactions Verification 95

Fintech Finance

JUNE 25, 2024

As part of its mission to connect and power an inclusive digital economy, Mastercard has signed a strategic agreement with urpay to offer urpay consumers across the Kingdom greater access to an advanced selection of cross-border payment solutions. The portfolio includes Mastercard Cross-Border Services and Mastercard Send.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Visa Security 93

Fintech Finance

SEPTEMBER 19, 2024

dLocal, the leading cross-border payment platform specializing in emerging markets, today announced a strategic partnership with MoneyGram, a leading global financial technology company that connects the world’s communities.

Cross-Border Payments 92

Cross-Border Payments International Payments Cross-Border APACS 92

Fintech News

DECEMBER 11, 2023

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. Registration is now open until 15 January 2024. The competition is divided into two primary areas.

Cross-Border 124

Cross-Border SWIFT AI Innovation 124

Nanonets

SEPTEMBER 28, 2023

= Cross-border payments have become increasingly popular as businesses and individuals alike seek to capitalize on opportunities in foreign markets. Yet, these payments can be fraught with challenges, from foreign exchange risks to compliance with local regulations. What Are Cross-Border Payments?

Cross-Border Payments 52

Cross-Border Payments Cross-Border Wire Transfer Wires 52

The Fintech Times

FEBRUARY 21, 2024

Having reflected on what the top priority is for businesses looking to enter the cross-border payments space, we now turn our attention to the future, and how the sector will evolve in 2024. “In 2024, cross-border payments volumes will continue to grow rapidly.

Cross-Border Payments 78

Cross-Border Payments Cross-Border ISO 20022 SWIFT 78

Fintech News

DECEMBER 11, 2023

Singapore-based fintech firm Lightnet has entered a global partnership with B2B global payments infrastructure-as-a-service provider TransferMate with the aim to enhance cross-border remittance and payment solutions.

International Payments 106

International Payments Cross-Border APACS Payments 106

The Fintech Times

APRIL 27, 2024

Global tech firm Veritran has partnered with Swift , the world’s leading provider of financial messaging services, to enable financial institutions to offer an enhanced, streamlined and more transparent cross-border payment experience to their customers.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 59

Fintech Finance

APRIL 30, 2024

Veritran and Swift announce their collaboration that will enable financial institutions to offer an enhanced and streamlined cross-border payments experience to their customers. It’s vital that industry players work together in this way to overcome increasing fragmentation in the cross-border payments landscape.”

Cross-Border Payments 52

Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 52

The Fintech Times

APRIL 12, 2024

Payments giant Mastercard is joining forces with Nairobi-based Equity Bank , to enable customers based in Kenya to send money safely and securely to 30 countries. Through Mastercard Cross-Border Services, Equity Bank customers can now send funds through any Equity branch location in Kenya.

Cross-Border 69

Cross-Border Visa Transactions Financial Inclusion 69

Fintech Finance

JUNE 7, 2024

EvonSys , a Global Elite Pega Partner and Platinum Sponsor for Pega World 2024, announces the launch of the EvonSys Payments Platform (EPP). This innovative platform is set to transform the landscape of cross-border payments, delivering new standards in traceability, transparency, and efficiency.

Cross-Border Payments 52

Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 52

Fintech Finance

APRIL 12, 2024

This collaboration marks a significant milestone for cross-border financial transactions in Kenya. Cross border remittances unlock financial inclusion by empowering individuals to access formal financial services, ultimately fostering economic growth and stability in the region.

Cross-Border 52

Cross-Border Visa Financial Inclusion Central Bank 52

The Fintech Times

SEPTEMBER 11, 2024

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The cross-border payment was completed using the Central Bank of the UAE’s (CBUAE) mBridge platform and marks a significant step forward in the international payments market.

CBDC 126

CBDC Cross-Border Payments Transactions Cross-Border 126

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. These accounts enable businesses to receive payments from buyers in different regions, contributing to the ease of global trade.

Cross-Border 52

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

Payments Source

DECEMBER 10, 2020

Bank of America has launched a cross-border payment tracker through its Swift GPI module that allows clients real-time visibility into their international payments.

International Payments 99

International Payments Cross-Border Payments Cross-Border SWIFT 99

PYMNTS

SEPTEMBER 8, 2020

Digital payments platform Payoneer is working to expand its services globally with the launch of its new Payoneer for Banks, which will aim to let more financial institutions aid businesses with cross-border payments, according to a Tuesday (Sept. 8) press release.

Cross-Border Payments 85

Cross-Border Payments Cross-Border Payment APIs and Integration eWallet 85

PYMNTS

DECEMBER 1, 2020

Legacy cross-border payment methods that may have been inconvenient but endurable in 2019 no longer serve firms’ needs in 2020. Last year saw 68 percent of companies using wire transfers to transact with international business partners, but more firms are now regarding this approach as too friction-heavy.

Cross-Border 87

Cross-Border B2B Cross-Border Payments Wire Transfer 87

The Fintech Times

FEBRUARY 28, 2024

When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Having explored the evolution of cross-border payments to date, we now turn our attention to the biggest barriers that may be limiting and slowing the growth of the space.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 59

Fintech Finance

FEBRUARY 22, 2024

Together, Nium and Ebury will enable businesses to send or receive fast, reliable, and affordable cross-border payments to and from Brazil. The post Ebury and Nium expand partnership to power cross-border payments in Brazil appeared first on Fintech Finance.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Payments APACS 52

Fintech Finance

APRIL 11, 2024

According to Mastercard’s Borderless Payments Report , one-third of consumers surveyed have experienced late or failed cross-border payments, which can result in inconveniences that impact daily life. Verituity connects banks, businesses, and payees to verified payouts and intelligent “pay-by-anything” experiences. “Our

Cross-Border 52

Cross-Border Visa Payee Near Real-Time 52

PYMNTS

OCTOBER 1, 2020

1) that promises to improve the experience for small and medium-sized businesses (SMBs) and consumers who send low-value payments across borders. The Belgium-based cooperative said the initiative will enable customers to make faster, easier, predictable and competitively-priced payments worldwide.

Cross-Border Payments 113

Cross-Border Payments Cross-Border SWIFT Payments 113

Payments Dive

APRIL 4, 2024

The central bank will join six other central banks in exploring blockchain technology to speed up international payments.

Cross-Border 78

Cross-Border Fed Central Bank International Payments 78

Payments Dive

JANUARY 23, 2023

In a new report, a group of international organizations give a broad overview of routes for improving international payments systems.

Cross-Border Payments 120

Cross-Border Payments Cross-Border International Payments Payments 120

Fintech Finance

JUNE 26, 2024

The first is a new strategic partnership with Wise Platform , Wise’s market-leading global infrastructure for banks and enterprises, to further enhance Qonto’s cross-border payment capabilities. Faster payments: Over 60% of Wise’s transfers are settled instantly (in 20 seconds or less) and 95% are completed in under one day.

International Payments 111

International Payments Cross-Border Payments Cross-Border Payments 111

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 .

Cross-Border Payments 87

Cross-Border Payments Cross-Border Payee Payments 87

Fintech Finance

OCTOBER 4, 2024

The integration of Payoneer with Populii enables gig workers to effortlessly track payments and grants seamless access to multi-currency functionalities. Tech Mahindra’s collaboration with Payoneer streamlines secure and flexible cross-border transactions for all stakeholders involved.

Cross-Border 97

Cross-Border Multi-Currency Payment APIs and Integration Cross-Border Payments 97

Fintech Finance

MAY 3, 2024

The complexity and cost of international payments, alongside macroeconomic pressures, are cited as key barriers thwarting these businesses’ global ambitions. Costly, Complex International Payments Blocking International Expansion International payments are ultimately causing SMBs the biggest headache when it comes to going global.

Small Business 52

Small Business International Payments Research Cross-Border Payments 52

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. SWIFT gpi Instant for real-time cross-border payments and transfers went live in the U.K. 10) press release.

Cross-Border Payments 104

Cross-Border Payments Cross-Border SWIFT Wire Transfer 104