article thumbnail

Mastercard Partnership with Alipay Offers Faster, Secure Remittances to China

Fintech News

With this new connection, Mastercard is pleased to expand its partnership with Alipay to enable people around the world to easily make international fund transfers to China in near real-time, simplifying the transaction for senders as well as receivers.”

Visa 112
article thumbnail

NymCard Leverages Mastercard Move to Offer Fast and Efficient Cross-Border Payments Across 47 Countries

Fintech Finance

Furthermore, NymCard will extend these solutions to customers including banks, fintech companies and retailers, to offer near-real-time, secure remittance services. “We Our joint commitment to innovation and financial inclusion will undoubtedly reshape the landscape of cross-border fund transfers in the region.

article thumbnail

Mastercard Enables Convenient and Secure International Remittances to Alipay Wallet

Fintech Finance

With this new connection, Mastercard is pleased to expand its partnership with Alipay to enable people around the world to easily make international fund transfers to China in near real-time, simplifying the transaction for senders as well as receivers.”

article thumbnail

NymCard Leverages Mastercard Move to Sustainably Scale BaaS Platform for UAE Customers

The Fintech Times

NymCard also plans to extend these solutions to customers including banks, fintech companies and retailers, to offer near-real-time, secure remittance services. “Our joint commitment to innovation and financial inclusion will undoubtedly reshape the landscape of cross-border fund transfers in the region.

Visa 62
article thumbnail

Empowering Financial Institutions: An Interview with the CEO of Almond FinTech

Fintech Review

Through identifying the optimal cryptocurrency, the optimal blockchain, as well as the optimal exchange for each individual settlement, our SOE empowers financial institutions and their diverse customer sets with the fastest, most cost-efficient cross-border funds transfer technology available — regardless of location.

article thumbnail

Em Conversa: Supporting LatAm Payment Innovations With i2c

The Fintech Times

Alternative payment methods and e-wallets are revolutionising how people transact, providing near real-time fund transfers. This shift is propelling an increase in low-value payment transactions, effectively displacing cash from the equation. Another key trend is the rise of P2P payments.

article thumbnail

Deep Dive: Cross-Border Payments Interoperability

PYMNTS

Examples of scheme interoperability include checks, electronic funds transfers (EFT) and open-loop debit and credit card systems. The first is scheme interoperability, which is when two or more FIs agree to work on the same open-loop payments system, or scheme, allowing payments to readily flow from one bank’s customers to another’s.