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FOMO Pay and BNY to Streamline USD Payment Services for Corporate Clients

Fintech News

Singapore-headquartered payment institution FOMO Pay has partnered with global financial services provider BNY to enhance USD payment services for corporate clients. The collaboration integrates BNY’s payment infrastructure with FOMO Pay’s offerings.

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Singapore Offers Visa’s Currencycloud In-Principle Approval for MPI License

Finovate

Currencycloud was offered In-Principle Approval to serve as a Major Payment Institution license holder in Singapore. The MPI license will also impact Singapore-based businesses, which will be able to leverage Currencycloud to help their customers make conversions and payouts in their own time zones and local currencies.

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Wise Platform Boosts Global Payments with Enhanced Infrastructure for Faster, Cheaper Cross-Border Solutions

Fintech Finance

Rising Demand for Correspondent Services Wise Platform’s Correspondent Services, launched at Sibos last year in collaboration with Swift , allows partners to send and receive international payments instantly.

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6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments

Fintech News

The company operates a blockchain-based unified ledger for payments, enabling real-time clearing and settlement for instant liquidity and transparency, and overcoming challenges commonly associated with sequential processing in legacy payment systems, including settlement delays, limited transaction transparency and high operating costs.

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Currencycloud Facilitates Seamless Cross-Border Payments with Singapore MPI Licence

The Fintech Times

Currencycloud, a Visa solution, is granted preliminary approval for a major payment licence from the Monetary Authority of Singapore (MAS). For businesses in Singapore, customers can make conversions and payouts in their respective time zones and local currencies.

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This Week in Fintech: TFT Bi-Weekly News Roundup 02/07

The Fintech Times

Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 2 July 2024 bringing you the latest updates from across the world. By leveraging Temenos composable banking capabilities and Tech Mahindra services, Electronic Money Institutions (EMIs) in the UK and Europe.

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Currencycloud granted ‘In-Principle Approval’ for MPI Licence by the Monetary Authority of Singapore

Fintech Finance

Currencycloud , a Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) licence holder from the Monetary Authority of Singapore (MAS).