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Revolut, a prominent fintech firm headquartered in London, is considering strategies to capitalize on customer data by potentially sharing it with advertising partners.
prepaid card, authorisation rate, banking license, financial inclusion, mobile banking
Touch ‘n Go eWallet has announced its decision to implement a 1 percent conversion fee for overseas QR payments, starting on the 25th of April 2024.
payments , cross-border payments, cross-border ecommerce, online payments, mobile payments, digital payments, ecommerce
US-based fintech LemFi has received regulatory approval from the Central Bank of Kenya (CBK) to operate remittances in Kenya.
remittance, mobile payments, digital wallet, FX , money transfer
Steve Pannifer, Consult Hyperion: Central banks, including the ECB, cautiously move towards retail CBDCs. The ECB is preparing for a digital euro, emphasising offline support, programmability, and cross-border efficiency.
banking, fintech, CBDC, retail CBDCs, digital currency, payments , paytech, cross-border payments, digital euro, payment methods, DeFi, IOT, ISO 20022, financial inclusion
Gabriel Lucas, Associate Director at Redbridge Debt and Treasury Advisory, examines the frontiers of innovation in B2B payments.
cross-border payments, ecommerce, merchants, B2B payments, payout, FX , SEPA, Open Banking, virtual card, instant payments, BNPL
US-based payments provider Nium has partnered with luxury travel company Secret Escapes to enhance payment services for its network of hotel partners.
travel payments, real-time payments, virtual card, online payments, FX
Hong Kong-based Mox has announced its partnership with Wise to launch low-cost, secure, and transparent international payments directly from the Mox application.
partnership, payments , cross-border payments, cross-border ecommerce, cross-border logistics, mobile payments, digital payments, ecommerce
UK-based payment services provider TerraPay has partnered with Alfardan Exchange to augment cross-border payments in Qatar.
remittance, money transfer, partnership, financial inclusion, payments infrastructure
Cross-border payments provider Currencycloud has received in principle approval for an MPI licence in Singapore.
expansion, MPI licence, compliance, cross-border payments
Korea-based financial services provider Hecto Financial has announced the launch of its Master Account Management Solution (MAMS) for cross-border transactions.
cross-border payments, online payments, online platform, transactions , payment processing
Monex USA has announced an integration with Q2’s Digital Banking Platform via the Q2 Partner Accelerator Program.
digital banking, FX , financial services, partnership
In the latest update from INNOPAY's Open Banking Monitor, European dominance, surging payment APIs, and a US comeback steal the spotlight, promising fresh insights and solutions for the industry.
API, Open Banking, Open Finance, financial institutions, digital payments
Trading platform OANDA has opened an FCA-registered crypto trading platform ‘OANDA Crypto’ in the UK, following the acquisition of a majority stake in Coinpass.
trading platform, cryptocurrency, product launch, expansion, regulation
UAE-based digital wallet Hubpay has launched its Digital Global Currency Account to support international finance operations.
product launch, cross-border payments, digital wallet, fintech
Nium has continued its expansion in the Middle East region, announcing a partnership with Enjaz Banking Services, the remittance division of Bank Albilad in Saudi Arabia.
Global Payments, cross-border payments, FX , expansion, partnership
Sean Crowe, MD of the Payments Division at Fexco and Group Chief Commercial Officer, talks about digitalisation in the retail and hospitality sectors, and how Fexco’s Dynamic Currency Conversion can benefit these industries and digitally savvy customers.
payments , ecommerce, retail, DCC, paytech, PSP, digitalisation, fintech, digital payments, merchants, ATM
Ebury has expanded its partnership with Nium, a real-time payments provider, aiming to deliver a global remittance service in Brazil.
partnership, cross-border payments, real-time payments, financial services, SMEs
Singapore-based provider of AI-native Anti-Money Laundering (AML) compliance and fraud prevention solutions Flagright has partnered with Traxion.
partnership, fraud prevention, artificial intelligence, AML
Karin Milková, Commercial Director at TrustPay, examines the need for local payment methods in cross-border ecommerce and explores key features that payment providers should have.
ecommerce, cross-border payments, merchants, payment methods, online security
Bangko Sentral ng Pilipinas (BSP) has revealed the intention to launch a wholesale central bank digital currency (CBDC) by 2026.
CBDC, central bank, digital assets, wholesale CBDC, retail