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Lightnet and TransferMate to Enhance International Payments for Businesses

Fintech News

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.

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IFX Payments Announces Record Financial Year With 59% Leap in Profits and Revenue up a Quarter as Demand Grows for International Payment Solutions

Fintech Finance

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.

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Navro (formerly Paytrix) authorised by Central Bank of Ireland to provide EU-regulated, global payment services

Fintech Finance

Navro – the pioneering fintech firm formerly known as Paytrix that simplifies global payments for international businesses – today confirms that it has been authorised by the Central Bank of Ireland as an Electronic Money Institution (EMI).

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MSB and TerraPay Collaborate to Simplify and Enhance Cross-Border Money Transfers

Fintech Finance

Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has signed a strategic cooperation agreement with TerraPay , a global money movement company. According to forecasts from the Bank of England, the cross-border payment market is expected to grow by over USD 100 trillion in the next decade, reaching over USD 250 trillion by 2027.

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Payment Fears Putting Businesses Off Overseas Growth

Fintech Finance

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.

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Network International Partners With NPCI International to Enable UPI QR Payment Acceptance Across Its Merchants in the UAE

Fintech Finance

Network International (Network) , the leading enabler of digital commerce across the Middle East and Africa (MEA) region, in partnership with NPCI International Payments Ltd. NIPL), has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments across Network’s point-of-sale (POS) terminals in the UAE.

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Cambridge, Beanworks Continue X-Border Payment Partnership

PYMNTS

Cambridge Global Payments , a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their payable workflow spanning between buying and payment for firms that have international business, according to a Tuesday (Nov.