Articles with tag: cross border

Found 55 results in 281 milliseconds.

InstaReM, SBM Bank India tie-up to support outbound remittance experience

03 Aug 2020 | Payments General

InstaReM, the consumer and SME brand under global fintech platform Nium has partnered with SBM Bank India to support Outbound Remittances from India.

InstaReM, payments, cross border payments, remittances, partnership, India, SBM Bank India, Nium

TransferWise valuation jumps to USD 5 bln in USD 319 mln secondary share sale

29 Jul 2020 | Payments General

TransferWise has announced secondary sales amounting to a total of USD 319 million at a new valuation of USD 5 billion.

neobanks, Monzo, N26, bunq, TransferWise for Banks API, TransferWise, payments, SMEs, bank account, money transfers, cross border payments, shares, valuation

Mastercard, Bank of Shanghai to support cross-border business payments

29 Jul 2020 | Payments General

Mastercard and Bank of Shanghai have partnered to support businesses across the globe to send payments to China via Cross-Border Services.

Mastercard, Bank of Shanghai, cross border payment, online payments, mobile payments, China, cards, bank accounts, digital wallets, cards, Cross-Border Services

Hong Kong-based Emq gets USD 20 mln to develop cross border financial tech

28 Jul 2020 | Payments General

EMQ, a Hong Kong-based startup that develops network infrastructure to make international payments faster, has raised a USD 20 million Series B led by WI Harper Group.

cross border remittances, Hong Kong, API, international payments, funding, remittances, online banks digital wallets, ecommerce

Mastercard supports remitters in MENA region with Cross-Border Services

14 Jul 2020 | Payments General

Mastercard has rolled out Mastercard Cross-Border Services to enable people in the Middle East and North Africa (MENA) region to transfer money amid COVID-19 times.

banks, fintechs, mobile network operators, exchange, remittances, cross border payments, MENA, Mastercard

A new maximum amount for the SEPA Instant Credit Transfer (STC Inst) scheme is live

01 Jul 2020 | Payments General

The new maximum amount for the SEPA Instant Credit Transfer (STC Inst) scheme has come into effect on July 1, 2020.

cross border payments, higher value payments, Europe, SEPA Instant Credit Transfer, STC Inst, payments

UnionPay, MiFinity team up for cross border remittance services

01 Jul 2020 | Payments General

UnionPay has teamed up with MiFinity, a remittance services specialist, to allow overseas Chinese to remit to UnionPay cards issued by 17 domestic banks through MiFinity’s official website and e-wallet.

cross border remittance, cards, UnionPay, remittances,

China to take on Bitcoin, Facebook's Libra, and the US dollar with digital currency scheme

18 Jun 2020 | Cryptocurrencies

An influential group in China has revealed plans for an East Asia digital currency scheme that could see a basket of currencies combined to take on Bitcoin, Facebook's Libra, and even the US dollar.

central bank digital currency, China, dollar, trade war, Bitcoin, cross border payments, digitalisation, yuan, Libra

Mastercard, Octet Europe offer new trade solution across EEA

15 Jun 2020 | Online Payments

Mastercard and Octet Europe have announced the launch of a new trade solution across the European Economic Area (EEA). 

Mastercard, Octet Europe, Europe, small businesses, global economy, AML, KYC, CTF, ETS, trade, B2B, cross border, risks, cash flow, payments

Zhongguo Remittance, Aleta Planet team up for digital money transfers to China

05 Jun 2020 | Payments General

Singapore-based fintech Aleta Planet and Zhongguo Remittance, a Singapore-based money-transfer company, have launched Aleta China Express (ACE).

Zhongguo Remittance, Aleta Planet, digital money transfers, Singapore, payments, cross border payments, partnership, China

BNY Mellon, MAS to build FX pricing and trading engine in Asia

05 Jun 2020 | Payments General

BNY Mellon has teamed up with the Monetary Authority of Singapore (MAS) to build a high-performance FX pricing and trading engine.

BNY Mellon, trading desk, cross border payments, Monetary Authority of Singapore, MAS, pricing, Singapore, Asia, bank, fintech, financial sector

Solving cross-border payments in APAC - interview with Nium

04 Jun 2020 | Payments General

Global fintech platform Nium announced its latest fundraise. Visa, a global digital payments provider, participated in the round along with existing investors. Another new investor to join the fold was BRI Ventures, the Corporate Venture arm of Bank BRI of Indonesia.

Nium, Visa, remittances, cross border payments, corporate payments, payments platform, Asia, Pacific, money transfers, mobile payments

Banking Circle study finds SMEs were borrowing funds to pay business costs even before COVID-19

28 May 2020 | Payments General

Banking Circle has found that nearly two thirds (64.6%) of online merchants have needed extra finance in the past two years (excluding borrowing due to the current COVID-19 crisis).

FX rates, loans, SMEs, banking, fintech, merchants, Europe, study, cross border payments, payroll, business costs, settlement accounts, Banking Circle

Ripple joins ISO 20022 standards body

07 May 2020 | Payments General

Cross-border payments network Ripple has become part of the ISO 20022 standards body, becoming one of its first members focused on distributed ledger technology (DLT). 

Ripple, XRP, ISO 20022, distributed ledger technology, DLT, RippleNet, API, global payments network, MUFG, SCB, Santander, SWIFT MT, cross border payments, payment messaging standard

TranSwap rolls out e-remittance for foreign domestic workers

06 May 2020 | Online Payments

Singapore-based fintech TranSwap has launched an e-remittance service for foreign domestic workers (FDWs) to digitally send money back home during circuit breaker. 

TranSwap, e-remittance, foreign domestic workers, FDW, circuit breaker, remittance services, money transfer, cross border payments, NFF transactions, e-KYC, customer onboarding, digital wallet, mobile wallet

MoneyGram receives USD 16.6 mln in XRP incentives from Ripple in Q1 2020

06 May 2020 | Cryptocurrencies

Global money services company MoneyGram has received incentives from Ripple in the first quarter of 2020, amounting to a total of USD 16.6 million, according to The Block Crypto.

XRP, MoneyGram, RippleNet, Ripple, remittances, cross border payments, money transfers

Thailandese bank to use Ripple rails for new instant payments app

30 Mar 2020 | Payments General

Thailand’s Siam Commercial Bank (SCB) has been building a new app that uses Ripple’s payments technology to allow tourists to pay for goods and services without needing to convert currencies.

Thailand, Siam Commercial Bank, SCB, mobile app, Ripple, cross border payments, QR codes, payments

Interview with ProcessOut on the challenges specific to cross-border ecommerce

09 Mar 2020 | Ecommerce

Grégoire Delpit, ProcessOut: 'Cross-borders ecommerce is about building and managing a system with several providers. It can be complex, but it’s our job to make it smooth and simple'

Grégoire Delpit, ProcessOut, API, ecommerce, merchants, payments, payment method, reconciliation, cash collection, , PSP, cross border payments

Bank of America reportedly joins RippleNet to power instant global payments

20 Feb 2020 | Payments General

Bank of America (BofA) has been quietly exploring the blockchain technology for several years now, and could be officially joining RippleNet, according to Zy Crypto.

Bank of America, BofA, blockchain, RippleNet, cross border payments, instant payments, DLT, US

Ripple gets USD 200 million funding to boost uptake of XRP

24 Dec 2019 | Cryptocurrencies

Ripple, a blockchain technology company, has announced USD 200 million in investment funding.

Ripple, money transfer, blockchain, XRP, remittances, cross border, stable coin, funding