Remove Multi-Currency Remove Small Business Remove Underserved
article thumbnail

Singapore’s ANEXT Bank Reports Doubling of Its MSME Clients

Fintech News

Additionally, there has been a significant rise in the number of Foreign Business Owners (FBOs) with businesses incorporated in Singapore, making up nearly 31% of the bank’s clientele as of 31 May 2024. ANEXT Bank continues to focus on serving the underserved MSMEs. ” said Toh Su Mei, CEO of ANEXT Bank.

article thumbnail

How Visa and MasterCard Shape the Payments Industry

Clearly Payments

High interchange fees can eat into merchants’ profit margins, particularly for small businesses with tight budgets. International Trade and Commerce: Visa and Mastercard facilitate cross-border transactions, enabling businesses to engage in international trade and commerce seamlessly.

Visa 105
article thumbnail

Grab’s Financial Unit Announces Remittance Offering

PYMNTS

Inter-operable, real-time regional payment systems will expand opportunities, especially for citizens and small businesses, to access products and services across ASEAN. Grab made the announcement during the 33rd ASEAN Summit.

article thumbnail

Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

As has been reported, the regulators include the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp., Those regulators state that such services can be brought to thus-far underserved areas, and might boost lending to small businesses.

Fed 59
article thumbnail

13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

The company provides flexible capital access to small and medium-sized enterprises (SMEs) with competitive interest rates and flexible options in loan tenors, payment models, and collateral participation. Akseleran connects small businesses in need of loans with groups of diverse lenders to secure necessary funding.

FinTech 105
article thumbnail

Think Local, Act Global: NovoPayment on Bringing Digital Products to LatAm

The Fintech Times

Headquartered in Miami with offices in Mexico, Colombia, Peru, and Ecuador, we provide a multi-currency API cloud-based platform that powers digital banking, payment infrastructure and card solutions to clients throughout 15 markets in Latin America and the US.

Product 69
article thumbnail

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Now both companies have moved beyond payments and built new businesses that serve a range of needs for small businesses. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations. Source: Square. Source: Stripe. focus on developers.