Fintech Finance

JULY 15, 2024

Concerns over international payments are putting many UK businesses off using overseas suppliers or selling to other markets, according to a new HSBC UK survey. The survey of more than 1,000 financial decision-makers reveals 43% are discouraged from doing business internationally because of uncertainty over hidden payment costs.

Multi-Currency 61

Multi-Currency International Payments Payments Payment Security 61

PYMNTS

FEBRUARY 13, 2020

Burgess will lead strategy and development of the department, and will bring “new payment services to customers that are fast, simple and safe to use,” per the company. Burgess will work under Chirag Patel, Santander ’s global head of digital payments, and she will become part of the bank’s global payments and digital team.

P2P 90

P2P Payments PayPal International Payments 90

Payments Source

APRIL 9, 2019

National Australia Bank is utilizing the end-to-end transaction tracking system through Swift's Global Payments Innovation system, making it the first bank in Australia to allow business customers to track international payments through one click on an account platform.

SWIFT 65

SWIFT International Payments Payments Global Payments 65

PYMNTS

APRIL 12, 2019

Also securing seed money this week is Buckzy Payments, a Canadian startup addressing friction in the cross-border payments space by linking payers to its own real-time international payments network. The company raised $1.75

B2B 55

B2B Cross-Border Payments Global Payments Cross-Border 55

Payments Source

JUNE 9, 2017

International payments and risk-based services provider INTL FCStone says its London-based global payments division will become a non-bank participant in Swift's global initiative to improve the cross-border transaction landscape.

SWIFT 60

SWIFT Payment Initiation Cross-Border Non-Bank 60

PYMNTS

JULY 31, 2019

According to the latest Smarter Payments Tracker , global payment usage is at an all-time high. international transactions per capita every year, up from 0.5 So, why do cross-border payments present so many challenges? Canadian payments network Interac is also investing in blockchain and DLT solutions.

Cross-Border Payments 72

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

PYMNTS

OCTOBER 11, 2018

Earthport, a global payments company, announced Thursday it has been named by BNP Paribas to provide Automated Clearing House (ACH) cross-border payment services. With the partnership, BNP Paribas will gain access to Earthport’s payments network, offering lower costs and transparent international payments. “

Cross-Border Payments 43

Cross-Border Payments Cross-Border ACH International Payments 43

PYMNTS

AUGUST 1, 2019

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. International payments often contain unstructured and ambiguous transaction data, causing unnecessary delays and failed processing.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

FEBRUARY 13, 2020

Burgess will lead strategy and development of the department, and will bring “new payment services to customers that are fast, simple and safe to use,” per the company. Burgess will work under Chirag Patel, Santander ’s global head of digital payments, and she will become part of the bank’s global payments and digital team.

P2P 60

P2P Payments PayPal International Payments 60

PYMNTS

NOVEMBER 27, 2019

businesses to the MIR payment network. MIR is “a solid cross-border payment system,” PayXpert said. The payment option is expected to appeal to the more than 147 million potential Russian customers. million MIR cards since the payment network was introduced in 2014 following the threat of U.S. sanctions.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Payments International Payments 52

The Fintech Times

FEBRUARY 23, 2024

Ebury , the fintech specialising in transactions for SMEs, has expanded its partnership with Nium , the real-time global payments company, to deliver a new global remittance service in Brazil. Currently, Nium’s payment network supports payouts in over 100 currencies to more than 190 countries, 100 of them in real-time.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Consumer APACS 59

PYMNTS

AUGUST 16, 2019

Financial institutions are facing increased pressure to make cross-border payments fast and seamless as consumers grow used to instant P2P payments and such products in other sectors. Recent American Express research found that greater transparency is one of the top priorities for firms that regularly make international payments.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

The Fintech Times

MAY 17, 2024

“With innovation and efficiency at its heart, our latest partnership with ABHI connects the fintech pioneer’s customers to our extensive global payments network, providing them with a whole new level of flexibility.”

Visa 59

Visa Financial Inclusion Embedded Finance Payroll 59

Fintech Finance

FEBRUARY 22, 2024

Ebury , one of the world’s largest fintech companies specializing in transactions for SMEs, today announced its partnership expansion with Nium , the leader in real-time global payments, to deliver a groundbreaking global remittance service in Brazil.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Payments APACS 52

PYMNTS

FEBRUARY 6, 2019

After a long, intensive crash course in payments, international money transfers, SWIFT , AML/KYC and a host of other financial service areas, it was clear to Nanu that the international payments market was in dire need of newer, better ideas.

Issuers 75

Issuers P2P Cross-Border Push-to-Card 75

Fintech Finance

MAY 16, 2024

Our partnership introduces Salary Cards powered by Mastercard’s technology that enables our users to make local and international payments, ushering in a new era of seamless transactions for working individuals. . “At ABHI, we’re embarking on a journey with Mastercard to redefine financial empowerment.

Visa 52

Visa Financial Inclusion Embedded Finance Payroll 52

PYMNTS

DECEMBER 18, 2019

New research from Tipalti, conducted by Levvel Research, found that when it comes to cross-border B2B payments, wire transfers remain the most common method (cited by 69 percent of survey respondents), despite the high fraud risks and sluggish speed of the tool. All of these payment methods come with their drawbacks.

B2B 52

B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

Clearly Payments

FEBRUARY 14, 2024

The payment processing ecosystem is vast and multifaceted, with a staggering array of statistics underscoring its significance. For instance, the global payment processing market is estimated to reach a monumental $587.78 Furthermore, global payment volume reached a staggering $31.7

Payments 79

Payments Value Added Service BNPL ISOs 79

PYMNTS

MARCH 30, 2018

An announcement Thursday (March 29) said HSBC now lets its corporate customers use PayPal for supplier payments via a partnership between the two entities. The tie-up integrates PayPal with Bank of America’s Global Digital Disbursements solution that supports business-to-consumer (B2C) global payments.

PayPal 65

PayPal B2C Cross-Border Cross-Border Payments 65

Fintech News

OCTOBER 22, 2024

Aspire Aspire illustration, Source: Aspire Aspire is the all-in-one finance platform for modern businesses globally, helping over 50,000 companies save time and money with international payments, expense management, payable management, and receivable management solutions. The startup reached profitability this month.

FinTech 95

FinTech Multi-Currency Online and Mobile Banking APACS 95

The Fintech Times

DECEMBER 21, 2023

The payments industry is undergoing a profound transformation, driven by technological advancements and shifting market dynamics. With real-time global payment networks spanning hundreds of currencies and numerous countries, the sector is poised for significant changes.

Cross-Border 64

Cross-Border Cross-Border Payments Payments Multi-Currency 64

PYMNTS

SEPTEMBER 19, 2018

PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions. The treasury management unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept.

Cross-Border Payments 77

Cross-Border Payments Cross-Border Treasury Treasury Management 77

Fintech News

MAY 7, 2024

The company offers comprehensive solutions including payments, treasury management, spend management and embedded finance. The company’s payment network spans across more than 150 countries and supports over 60 currencies, enabling businesses to efficiently manage payments, funds, and payouts on a global scale.

Cross-Border Payments 79

Cross-Border Payments Cross-Border Payment APIs and Integration APACS 79

PYMNTS

SEPTEMBER 12, 2018

It’s the oldest payments network in the world that you might not be familiar with. the Global Business Travel Association] predicts that travel spending will reach over $296 billion in 2017,” said Falk Richter, global payments vice president at Expedia. Corporate travel is booming in the U.S.; [the

B2B 40

B2B Alternative Payment Methods Payments Payment Networks 40

PYMNTS

NOVEMBER 8, 2018

The movement toward electronic payments and a greater embrace of payments networks comes two years after India’s government launched demonetization efforts.

Visa 63

Visa Finance Credit Cards Governance 63

PYMNTS

DECEMBER 12, 2017

“We are focused on delivering the power of Citi to our clients by building integrated global solutions that connect our clients to every part of our continuously expanding global payments network in an efficient and consistent manner,” said Citi Treasury and Trade Solutions Global Head of Payments and Receivables Manish Kohli in a statement.

Cross-Border 40

Cross-Border ACH Treasury Payment APIs and Integration 40

Clearly Payments

NOVEMBER 19, 2023

Multi-Currency Transactions: One of the defining features of international merchant accounts is their ability to process payments in multiple currencies. Global Payment Processing: International merchant accounts leverage a network of processors to handle transactions globally.

Cross-Border 52

Cross-Border Cross-Border Payments Accounts Multi-Currency 52

Segpay

FEBRUARY 28, 2024

per transaction, these fees originate from payment networks but disproportionately benefit processors. Consider consulting an attorney to tailor compliance requirements for high volumes or international payments. Tokenize transactions for recurring ease while simplifying global payment acceptance.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

PYMNTS

APRIL 23, 2019

And UnionPay International (UPI) inked cooperation agreements with institutions in six countries including Thailand and Indonesia, among others, according to an announcement. The agreements encompass the construction of local payment networks as well as UnionPay card issuance.

Agreements 46

Agreements Credit Cards Mobile Payments Payment Networks 46

PYMNTS

DECEMBER 17, 2018

company Home Leisure Direct has created a pool table that takes contactless payments. Network International is bringing Google Pay acceptance to retailers in the UAE, allowing shoppers to tap into Android payments at merchants that use near-field communication (NFC) technology, according to reports.

Contactless Payments 43

Contactless Payments Debit Card CHIPS Credit Cards 43

Fintech News

DECEMBER 11, 2023

Singapore-based fintech firm Lightnet has entered a global partnership with B2B global payments infrastructure-as-a-service provider TransferMate with the aim to enhance cross-border remittance and payment solutions.

International Payments 92

International Payments Cross-Border APACS Payments 92

Fintech Finance

MAY 28, 2024

The global fintech saw its top line for 2023/24 hit £41m, up from £33m the previous year, while profits increased from £5.8m IFX Payments’ performance comes against a backdrop of a large growth in international payments and a surge in demand for solutions to manage them, such as its flagship ibanq platform.

International Payments 52

International Payments Payment Solutions Multi-Currency Cross-Border 52

PYMNTS

SEPTEMBER 26, 2016

While most international bank transfers take days to complete, this took just 20 seconds. According to FT , online shopping and the adoption of mobile payments have spurred growth in revenues from the payments sector, and McKinsey predicts that global payments revenues will increase from $ 1.8 trillion in 2019.

Regulations 72

Regulations Online and Mobile Banking FinTech Third-Party Service Provider 72

Fintech Finance

NOVEMBER 8, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.

Cross-Border Payments 90

Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 90

Fintech Finance

SEPTEMBER 12, 2024

The Interledger Foundation , an organization building and advocating for an open, interoperable payment network, and Chimoney , a fintech company providing multi-currency wallets and infrastructure for cross-border payments, today announced their work to power cross-border payments between more than 130 countries worldwide.

Cross-Border Payments 85

Cross-Border Payments Cross-Border Multi-Currency Interoperability 85

PYMNTS

SEPTEMBER 23, 2019

Today, Western Union announces that it has expanded its real-time global payments capabilities to include real-time account-to-account transfers to an account or a mobile wallet for select banks or digital wallet providers in 17 countries. We believe we can help FIs create opportunities and serve their customers better.”.

Accounts 82

Accounts Cross-Border Cross-Border Payments Real Time Payments 82

PYMNTS

NOVEMBER 9, 2018

American Express is said to have formed a joint venture with Lianlian Group, a FinTech company in the country, to get a payment network up and running. American Express has up to 15 months to create its clearing network, per regulators in the country.

Card Services 75

Card Services Non-Bank NOV Central Bank 75