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That set the precedent for Wise to be granted direct access to payment systems in the EU in 2020, as well as Singapore and Australia in 2021. Last month, Wise also received approval to join Japan’s domestic payment network, Zengin, and secured a PaymentInstitution licence to connect directly to Brazil’s instantpayment system PIX.
It has been a busy few days for the Central Bank of Brazil as it announces another company has acquired a paymentinstitution (PI) licence. With its new PI licence, AstroPay will deliver secure, compliant, and user-friendly cross-border payment solutions.
The Central Bank of Brazil has authorised the digital payments organisation, PagBrasil to operate as a paymentinstitution (PI) in the electronic money issuer category. This achievement marks a significant milestone for PagBrasil as the digital payments solutions market continues to grow.
AstroPay , a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted PaymentInstitution (PI) license issued by the Central Bank of Brazil.
Transfeera , a company from PayRetailers group specialising in financial solutions, has enhanced its Pix payment capabilities to support betting operators in Brazil as they adapt to new sports betting regulations that took effect on 1 January 2025.
Zimpler initiates A2A payments using Open Banking APIs, which removes intermediaries and results in faster and more cost-effective transactions for merchants. Instantpayments are surging in popularity worldwide and are set to become the norm in the next couple of years. Being available on payabl.’s The post payabl.
It recently obtained a paymentinstitution license in Brazil and secured approval to acquire MexPago, a Mexico-based payment service provider. As part of its Latin America push, Airwallex plans to integrate with Brazils PIX instantpayment network, which is expected to account for 40% of the countrys online payments by 2026.
The new rules mandate that payments be processed exclusively through bank accounts registered to individual bettors. Our expertise in payments allows us to offer operators the tools they need to thrive in a regulated environment.
Wipay Another International Pix partner is Wipay, a Spanish company specialising in payment technology, which has announced the arrival of the Pix InstantPayment System in Europe. Moreover, Pix offers lower fees compared to traditional payment methods, with no risk of chargebacks, helping merchants reduce operating costs.
Under the planned rules, payment service providers, such as banks, which provide standard credit transfers in euro, will also be required to offer the service of sending and receiving instantpayments in euro at no extra charge.
This also builds upon Spendesk’s recent announcements of the launch of Spendesk Financial Services , Spendesk’s regulated paymentinstitution, and its pioneering Procure-to-Pay solution. Instantpayments: Leveraging Wise’s global payment infrastructure for quicker international transfers.
Airwallex announced several milestones in its global expansion strategy: securing a paymentinstitution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder.
Looking to bring this protection to those wanting to make instantpayments, the digital wallet, Curve has extended section 75 protection to purchases made using its wallet. Debit card users have historically not had this level of protection, leaving them vulnerable in cases of faulty goods.
Higlobe , a payment solution provider for global businesses and remote professionals, has joined forces Triple-A , the digital currency paymentinstitution, to better support remote workers in the Philippines by providing instant, free payment transfers from the United States.
The service provides a vital layer of security for financial transactions, helping to reduce the risk of fraudulent activity and accidental misdirection of payments. The solution is compliant with InstantPayment Regulation, supporting paymentinstitutions to match the normative requirements.
Accessible policies that are open, risk-proportionate, and transparent are key to ensuring inclusive participation from all players, including smaller banks and non-bank paymentinstitutions. Another important thing is making sure payments are final and can’t be reversed, both within countries and across borders.
The offer is completely aligned with the preferences in Latin America: internal data of EBANX show that more than 75% of B2B transactions in the EBANX platform are paid with alternative payments (other than cards).
In Brazil, Wise secured a PaymentsInstitution licence, enabling it to connect directly to the Brazilian InstantPayment System PIX, facilitating faster, more seamless payments.
UK-based paymentinstitution Nucleus365 has launched its new European instantpayments service Rapid Transfer to make online payments easier for merchants.
This collaboration leverages EBANX’s expertise in local payment methods to provide XTransfer’s clients who sell to Latin America with seamless and efficient payment solutions. Partnering with a leading local paymentsinstitution like EBANX allows us to navigate the complexities of the region’s payment landscape with ease.
The company said it will also enable connectivity with its proprietary transaction services and FX businesses, noting that it has established direct connections to new instantpayment schemes in more than twenty countries. Our mission is to power frictionless payment acceptance with nimble technology.
That set the precedent for Wise to be granted direct access to payment systems in the EU in 2020, as well as Singapore and Australia in 2021. Last month, Wise also received approval to join Japan’s domestic payment network, Zengin , and secured a PaymentInstitution licence to connect directly to Brazil’s instantpayment system PIX.
At the event, the Norway-based fintech showed how its technology can be used to facilitate instantpayments and bank transfers directly from an app or website. Today, the company unifies access to more than 2,500 banks and 150 million bank customers across Europe.
Looking to facilitate international businesses entry into the region, Airwallex acquired a paymentinstitution licence from the Banco Central do Brasil , and finalised the acquisition of MexPago , a Mexico-based payment service provider and an Institution of electronic payment funds (IFPE) licence-holder.
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