Fintech News

NOVEMBER 20, 2024

Cross-border payment 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.

Cross-Border Payments 121

Cross-Border Payments Cross-Border B2B Due Diligence 121

The Fintech Times

JANUARY 8, 2025

The Monetary Authority of Singapore (MAS) has grantedChina-based B2B cross-border trade payment platform, XTransfer , a Major Payment Institution (MPI) licence, enabling it to provide a range of money transfer services in the region.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Payment Solutions Security 59

Fintech Finance

JANUARY 8, 2025

1 B2B Cross-Border Trade Payment Platform , was granted the Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS). This significant milestone strengthens XTransfer’s leading position in the B2B cross-border payments industry.

Authorization 105

Authorization Cross-Border Cross-Border Payments Regulatory Compliance 105

Fintech Finance

DECEMBER 5, 2024

Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, has announces the launch of an innovative blockchain-based payment solution for merchants across Latin America (LATAM). The post Nuvei Launches Comprehensive Blockchain Payment Solution appeared first on FF News | Fintech Finance.

Payment Solutions 97

Payment Solutions Blockchain Stablecoins Cross-Border 97

Fintech News

JUNE 4, 2024

HitPay, a Singapore-based commerce platform for SMEs, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license will enable HitPay to provide merchant acquisition and domestic and cross-border money transfer services, opening cross-border opportunities for SMEs.

SDN 109

SDN Security Cross-Border Payments 109

Fintech News

JULY 15, 2024

XTransfer, a Chinese B2B cross-border trade payment platform, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. Bill Deng “This approval marks a pivotal moment for us to strengthen our presence in Singapore and the region.

Cross-Border 105

Cross-Border Payments Payment Solutions Payments Institute 105

Fintech Finance

JULY 23, 2024

XTransfer , China’s top B2B cross-border trade payment platform, and EBANX , the leading payment platform connecting global companies with customers in Latin America, Africa, and Asia, announced a strategic partnership aimed at streamlining B2B trade payments in Latin America.

B2B 105

B2B Facilitators Cross-Border APACS 105

The Fintech Times

JANUARY 10, 2025

dLocal , a payment platform connecting merchants to emerging markets born out of Uruguay, has secured the UK Authorised Payment Institution (API) licence from the Financial Conduct Authority (FCA). With the licence, dLocal can now offer a comprehensive suite of regulated payment solutions to UK-based merchants.

Payments Institute 59

Payments Institute Security Alternative Payment Methods Cross-Border Payments 59

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 also provides another validation of our steadfast commitment to optimising the payment experience for businesses and consumers throughout this critically important region.”

Cross-Border 112

Cross-Border Security APACS Alternative Payment Methods 112

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 News

APRIL 7, 2024

Payments infrastructure company TerraPay has been awarded a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). This expansion is aimed at meeting the increasing demands for efficient and transparent payment solutions in the region and beyond.

Cross-Border Payments 106

Cross-Border Payments Cross-Border Payments Authorization 106

Fintech News

NOVEMBER 6, 2024

Singapore-headquartered payment institution FOMO Pay has partnered with global financial services provider BNY to enhance USD payment services for corporate clients. This announcement recognises FOMO Pay’s dedication to fostering financial inclusion and growth across the APAC region and beyond.”

Multi-Currency 105

Multi-Currency Cross-Border APACS Financial Inclusion 105

Fintech News

NOVEMBER 4, 2024

Razer Gold has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This development marks a major step for the gaming-focused virtual credit platform as it prepares to expand its payment services in Singapore.

Cross-Border 109

Cross-Border Payments Payments Institute On-Demand 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

MAY 21, 2024

Alchemy Pay, a provider of fiat-crypto payment solutions, is preparing to launch its Web 3.0 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. digital bank.

Web 3.0 105

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

The Fintech Times

JULY 25, 2024

China’s B2B cross-border trade payment platform, XTransfer , is strategically partnering with EBANX , the payment platform connecting global companies with customers in Latin America, Africa, and Asia, to streamline B2B trade payments in Latin America (LatAm).

Payment Solutions 64

Payment Solutions Cross-Border Alternative Payment Methods Multi-Currency 64

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

DECEMBER 9, 2024

M-DAQ Global, a fintech specialising in cross-border foreign exchange (FX) and payment solutions, has been awarded a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS). This licence allows its subsidiary, M-DAQ Market Solutions, to deal in over-the-counter (OTC) derivatives contracts.

B2C 106

B2C Cross-Border Settlement B2B 106

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

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

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 69

Cross-Border Payments Cross-Border Real Time Payments Correspondent Bank 69

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

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

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 59

Instant Payments Cross-Border Payments Cross-Border Payments 59

Fintech Finance

APRIL 9, 2024

Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that its Singapore entity, Nuvei Singapore Pte Ltd, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore. billion Mastercard debit, credit and prepaid cards globally.

APACS 52

APACS Cross-Border Security Alternative Payment Methods 52

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

The Fintech Times

DECEMBER 3, 2024

Many businesses and consumers need stability to conduct their transactions, meaning that turning to stablecoins and fiat currencies is the more reliable solution. This ties in with one of the commitments of dtcpay has made which is to offer secure, predictable and regulatory-compliant payment solutions.

Stablecoins 69

Stablecoins Cross-Border Payments Cross-Border Cryptocurrency 69

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

The Payments Association

JANUARY 13, 2025

Statutory trusts, while beneficial for legal clarity, may prolong insolvency proceedings and introduce additional legal complexities, especially for cross-border operations. This inflexibility could hinder their ability to offer competitive, innovative solutions, such as multi-currency wallets or cross-border payment services.

Compliance 88

Compliance Audit Legal Reconciliation 88

Finovate

JANUARY 10, 2025

” Founded in 2021, NomuPay offers state-of-the-art, unified payment solutions to help businesses scale in high-growth regions in Europe, Asia, and the Middle East. Onchain finance solutions provider Tokeny has teamed up with El Salvador-based Digital Asset Service Provider Ditobanx. ’s FCA.

Innovation 59

Innovation Cross-Border Payments Payments Cross-Border 59

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