Remove Global Payments Remove IBAN Remove International Payments
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Morgan Stanley Expansion Capital Acquires Stake in Global Payments Fintech Sokin

Fintech Finance

Sokin was founded in 2019 with a simple vision to remove the borders, barriers, and burdens associated with international payments. Today it enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform.

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Saxo Launches IBAN Service For Global Payments

PYMNTS

Saxo Payments is looking to ease friction in cross-border payments through the launch of an IBAN service, the company said this week. “It eliminates the need to set up banking relationships in multiple currencies and countries, thereby enabling FX and payments businesses to offer a more tailored service to their customers.”

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iPiD Closes Oversubscribed USD 5.3 Million Pre Series A

Fintech Finance

iPiD (International Payment Identity), a pioneer in global fintech, announced it has secured USD 5.3 They are joined by global fintech venture funds QED Investors and Quona Capital, alongside existing partners Jungle Ventures, 1982 Ventures, Saison Capital and Resolution Ventures.

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In Europe, Building The ‘Bridge’ Between eCommerce Merchants And Traditional Banks

PYMNTS

The company is a virtual International Bank Account Number (IBAN) provider, working in tandem with a network of Europe-based banks to provide eCommerce merchants with virtual IBANs. The establishment of virtual IBANs, she said, “allows our clients to make digital transfers.” and FX Payments in 134 currencies.

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Currencycloud Rounds Out Global Payments Offering With AR Solution

PYMNTS

The solution is designed for banks and other payment companies to offer their own customers, Currencycloud noted. The solution supports payments to businesses with corporate customers in the U.S. Companies can generate an international bank account number (IBAN) as well as a virtual account number (VAN) to support transfers in U.S.

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Singtel Adds Payment Options To Dash; Metro Bank Upgrades Mobile App

PYMNTS

Coverage includes Singapore’s Singtel rollout of international payment options in its Dash mobile app. In addition, PUC Berhad is teaming up with Revenue Group Berhad for online-to-offline (O2O) payments in Malaysia , and the United Kingdom’s Metro Bank is upgrading its mobile app to bring mobile payments to over 38 nations.

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Mintos Notches €5 Million In Series A Funding; Monzo Teams With PayPoint For Deposits

PYMNTS

With the funds, the FinTech company plans to provide customers with debit cards and IBAN accounts. The idea behind the IBAN accounts is to enable users to receive a salary in their accounts, as well as send and receive payments in general.

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