Cross-border payment plays rev up
Payments Dive
OCTOBER 10, 2022
The Clearing House, Swift and rivals are jostling to speed up cross-border payments, with collaboration and competition likely to emerge at an international conference this week.
Visa, Western Union partner on cross-border payments
Payments Dive
MARCH 6, 2024
The card network and the cross-border payments company are developing an international payment system that could be used in disaster situations.
De-banking in cross-border payments: Why the system needs reform
The Payments Association
JUNE 25, 2024
Banks are de-banking payment providers, causing major disruptions in cross-border transactions and impacting financial inclusion
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Cross-Border QR Payments Now Live Between Vietnam and Laos
Fintech News
JANUARY 14, 2025
Vietnam and Laos have officially launched a new framework for settling payments in their local currencies and a cross-border QR code payment system. The post Cross-Border QR Payments Now Live Between Vietnam and Laos appeared first on Fintech Singapore.
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Cross-Border Payments in Numbers: Global Corporations Lost $120 Billion in Transaction Fees
Fintech Finance
NOVEMBER 18, 2024
The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally.
What Impact Is AI Going to Have on Cross Border Payments Security?
The Fintech Times
FEBRUARY 22, 2024
Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. It will play a big part in ensuring the new payment rails are well protected.
India in Talks to Forge New Cross-Border Payment Linkages, Says RBI
Fintech News
NOVEMBER 21, 2024
India is advancing efforts to establish cross-border payment linkages with multiple countries, as reported by Bloomberg, citing an official from the Reserve Bank of India (RBI). T Rabi Sankar Deputy Governor T. These developments build on existing arrangements with Sri Lanka, Bhutan, and Nepal.
Cross-Border Real-Time Payments Make Tangible Progress as Over 50% Consumers Use Them, Says GlobalData
Fintech Finance
JULY 12, 2024
Cross-border payments are becoming increasingly important to international economies. The G20 roadmap for enhanced cross-border payments aims to improve the speed, access, transparency, and cost of international payments by 2030.
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Mesta Launches Hybrid Fiat-Stablecoin Payment Rails for Cross-Border Payments
Fintech Finance
JANUARY 22, 2025
Mesta , a fintech platform reshaping global payment networks with hybrid fiat and stablecoin payment rails, unveiled its cross-border payment platform. It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in global payments and trade.
BIS CPMI Takes Further Steps to Promote ISO 20022 Harmonisation for Enhanced Cross-Border Payments
Fintech Finance
JANUARY 8, 2025
The BIS Committee on Payments and Market Infrastructures (CPMI) announced further steps to promote the adoption of its harmonised ISO 20022 data requirements for more efficient processing of cross-border payments. The data requirements were published in a report to the G20 in October 2023.
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Ant International Joins Swift Initiative for Cross-Border Payment Interoperability
Fintech News
DECEMBER 8, 2024
Ant International has joined Swift ‘s “Network Interoperability Reference Implementation” programme, a pre-pilot initiative designed to improve cross-border payment experiences.
6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments
Fintech News
OCTOBER 31, 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 most promising cross-border payments companies in 2024. One of Singapore’s entries is Partior. Another company from Singapore featured on the list is Tazapay.
Vietnam and Cambodia Launch Cross-Border QR Payment Linkage
Fintech News
DECEMBER 11, 2024
The State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) announced the successful implementation of a cross-border QR payment system between the two countries. The pilot project, which began in mid-2022, has been completed as scheduled.
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BRI Partners with Nium to Expand Real-Time Cross-Border Payment Solutions
Fintech Finance
OCTOBER 18, 2024
Nium , the leading global infrastructure for real-time cross-border payments, is thrilled to announce a partnership with Bank Rakyat Indonesia (BRI) to provide Indonesian customers with real-time international money transfer capabilities.
Southeast Asia’s Trailblazing Role in Real-Time Cross-Border Payments
Fintech News
AUGUST 13, 2024
In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.
BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance
Fintech News
OCTOBER 28, 2024
The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. We are optimistic about the potential of these early results to enhance cross border payments.”
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BIS’ Project Agorá Opens to Private Sector for Tokenised Cross-Border Payments
Fintech News
MAY 15, 2024
The project aims to explore how tokenisation can improve wholesale cross-border payments. This partnership aims to tackle inefficiencies in current payment systems, particularly in cross-border transactions, which face various legal, regulatory, and technical challenges, as well as different operating hours and time zones.
Xoom Enables Partners to Use PayPal USD for Faster Cross-Border Payments
Fintech News
NOVEMBER 20, 2024
PayPal has announced that its disbursement partners can now use PayPal USD (PYUSD) to settle cross-border money transfers via Xoom, its digital remittance platform. Yellow Card CEO Chris Maurice highlighted the transformative potential of stablecoin-based payment rails in optimising cross-border transactions.
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BIS Sets Out Roadmap for ISO 20022 Implementation in Cross-Border Payments
Fintech News
JANUARY 7, 2025
The Bank for International Settlements ‘ (BIS) Committee on Payments and Market Infrastructures (CPMI) has announced new measures to promote the adoption of its harmonised ISO 20022 data requirements. BIS aims to improve the efficiency of cross-border payments.
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SCB Emerges as First Thai Bank to Adopt Stablecoins for Cross-Border Payments
Fintech News
OCTOBER 16, 2024
Siam Commercial Bank ( SCB ), alongside its venture arm SCB 10X and Lightnet , has launched Thailand’s first cross-border payment system utilising stablecoins, according to CoinGape.
Paysend Celebrates 10 Million Consumer Customers Milestone: Simplifying Cross-Border Payments for Everyone
Fintech Finance
JANUARY 17, 2025
In a significant milestone for the fintech industry, Paysend , the UK-based global payments 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.
Standard Chartered Utilises Blockchain for Cross-Border Transactions Between Hong Kong and Singapore
The Fintech Times
MAY 15, 2024
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.
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Emirates NBD Taps Partior for Cross-Border Payments, Eyes Equity Stake
Fintech News
OCTOBER 23, 2024
Emirates NBD has entered a strategic agreement with Singapore-based blockchain platform Partior to improve its cross-border payment capabilities. The partnership will allow Emirates NBD to offer clients faster, around-the-clock payment processing through Partior’s blockchain-based platform for clearing and settlement.
Nium Offers Swift Connectivity for Faster Cross-Border Payments
Fintech News
OCTOBER 20, 2024
Nium, a global payments 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-border payments faster and more affordable.
Macro Global and Trust Payments Expand Strategic Partnership to Offer Transformative Cross-border Payment Experience
Fintech Finance
OCTOBER 16, 2024
Macro Global , a leading global FinTech company, today announced a strategic partnership with Trust Payments , a leader in payments powering truly innovative customer-centric commerce solutions worldwide, which will make it simpler for cardholders to send money anywhere. uptime and next-day funding available.
UK Banks Urged to Act Now Ahead of New Cross-Border Payments Legislation ISO 20022 to Prevent Exclusion from International Payment Networks
Fintech Finance
APRIL 24, 2024
The Bank of England has provided a strong commitment to the international programme through the development of its new Real Time Gross Settlement System (RTGS) which sits at the heart of the UK’s national payments infrastructure. The UK is increasingly falling behind the world order in this space, with the inability of Pay.UK
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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. Users in the U.S. Users in the U.S.
Cross-Border Payments Could Further Enable APP Fraud, Says Payments Association Study
Fintech Finance
NOVEMBER 13, 2024
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-border payments may be making it easier.
Nium Boosts Cross-Border Payment Efficiency with Partior
Fintech News
NOVEMBER 5, 2024
Nium, a global payments 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-border payments.
dLocal partners with USI Money to provide cross-border payments
The Paypers
OCTOBER 22, 2024
dLocal has announced its partnership with USI Money in order to streamline cross-border payments for customers and clients in the region of Asia and Africa.
Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024
Fintech News
NOVEMBER 12, 2024
He emphasized the country’s successful implementation of the PromptPay system and QR code standards, which have significantly broadened access to digital payments while prioritizing security. Looking ahead, he highlighted Thailand’s efforts to strengthen cross-border payment connectivity through projects like Nexus and mBridge.
CARD.com Corporation Announces Collaboration With Visa for Visa Direct Cross-Border Payments
Fintech Finance
DECEMBER 17, 2024
Card Corporation, a leading privately-owned financial services technology company specializing in mobile banking and card payments, is pleased to announce a new collaboration with Visa to introduce Visa Direct Cross-Border payments.
Mastercard Move and Cairo Amman Bank Join Forces to Enable Convenient and Secure Cross-Border Payments in Jordan
Fintech Finance
JANUARY 17, 2025
We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions. The collaboration with Mastercard will empower us to elevate our payment capabilities and reinforce our position in Jordans financial sector, said Dr. Kamal Al-Bakri, CEO, Cairo Amman Bank. billion in 2022.
Navigating the evolving landscape of cross-border paymentsÂ
The Payments Association
OCTOBER 24, 2024
Cross-border payments are transforming rapidly with evolving regulations and technological advancements. Addressing regulatory compliance Businesses, including EMD Agents, face a challenge in cross-border transactions: complying with anti-money laundering (AML) and know-your-customer (KYC) regulations.
Thunes and Commercial Bank Kyrgyzstan | MBANK Forge Strategic Alliance to Transform Cross-Border Payments in the Silk-Road Region
Fintech Finance
SEPTEMBER 9, 2024
This collaboration allows MBANK to connect businesses and individuals in Kyrgyzstan directly to over 7 billion mobile wallets and bank accounts around the world, to make payments in real-time in over 130 countries and 80 currencies in a faster, more convenient, and reliable way.
Doha Bank selects Nium for real-time cross-border payments
Finextra
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.
Bitso Business Surpasses $12 Billion in Transactions in 2024 and Unveils Study Revealing Stablecoins as the Leading Alternative for Cross-Border Payments
Fintech Finance
DECEMBER 17, 2024
Bitso Business the B2B arm of Bitso that provides the infrastructure for the future of cross-border payments releases its 2024 results. billion registered in 2022, consolidating an accelerated cross-border remittances growth. For these transactions, in 2024 3 Bitso Business registered a volume of more than $6.5
Doha Bank and Nium Partner to Introduce Real-Time Cross-Border Payments in Qatar
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.
Corpay Cross-Border Named the Official FX Supplier of Everton Football Club
Fintech Finance
SEPTEMBER 25, 2024
.*, (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.
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XTransfer Showcases Cross-Border Payment Solutions at SFF 2024
Fintech News
NOVEMBER 7, 2024
XTransfer, a B2B cross-border payment platform, made its debut at the Singapore Fintech Festival (SFF) 2024 as a Gold Sponsor. The company aims to expand its presence in Southeast Asia, offering secure and efficient payment solutions to SMEs in the region. ” said Bill Deng, Founder and CEO of XTransfer.
HitPay Unveils Single Switch for Cross-Border Payments, Providing Access to 10 Global Real-Time Payment Schemes With Unmatched Flexibility and Cost Savings for Businesses
Fintech Finance
NOVEMBER 1, 2024
The Challenge Cross-border payments are critical yet often costly and complex, especially for growing businesses expanding into Southeast Asia and South Asia. Geopolitical shifts have diversified supply chains, and real-time payments have become the preferred method for digital transactions in these regions.
Nium, Kinexys by JP Morgan Enhance Cross-Border Payment Accuracy in Asia
Fintech News
NOVEMBER 6, 2024
Global payments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets.
BIS advances oversight structure for broader faster payments ecosystem
Payments Dive
OCTOBER 23, 2023
In the interest of faster, cheaper and more transparent cross-border payments, the Bank of International Settlements last week produced an interim report aimed at developing a governance structure for an interlinked faster payments system.
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İşbank Expands Partnership With Alipay+, Enabling Convenient Cross-Border Mobile Payments for Global Tourists Visiting Turkey
Fintech Finance
DECEMBER 20, 2024
bank , Turkeys largest private bank and one of the countrys widest payment network, has made a new development on its 100th anniversary by expanding its partnership with Alipay+ to enhance the travel experience for international visitors to Turkey. Alipay+ works with its partners and merchants to serve 1.6
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