Articles with tag: cross border payments

Found 34 results in 187 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 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

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

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

Indonesian pilgrims to rely on OpenWay's solution for ATM cash withdrawals

30 Oct 2019 | Cards

OpenWay, a digital payments software provider, has teamed up with Mardhika Citra Prima (MCP), an IT services provider for Al-Rajhi Bank Malaysia, to operate the bank’s ATM service.

digital payments software, OpenWay, ATM, cards, exchange fees, cross border payments, payment gateways, WAY4 Switch, online payments, Asia, Indonesia

SoftBank, IBM to develop cross-carrier blockchain payments

24 Oct 2019 | Cryptocurrencies

SoftBank has teamed up with IBM to develop cross-carrier blockchain solutions.

SoftBank, IBM, cross border payments, blockchain, smartphone, Asia

Equiniti, SWIFT partner to boost customer experience

24 Sep 2019 | Payments General

Equiniti Business Payment Services, the international payments division of Equiniti Group, has partnered with SWIFT, the global provider of secure financial messaging services.

Equiniti Business Payment Services, SWIFT, partnership, payments, cross border payments, SWIFT, financial messaging services, payment methods

7 things you need to know about Facebook Libra

20 Jun 2019 | Expert Opinion

“Freedom, justice and money is exactly what we’re trying to do here” David Marcus, Co-creator of Libra, Facebook

David Marcus, Facebook, Libra, cryptocurrency, digital identity, blockchain, financial inclusion, cross border payments, Libra Association

Lao Development Bank, Everex sign MOU to use blockchain for trade finance

13 Jun 2019 | E-invoicing, SCF & E-procurement

Lao Development Bank (LDB) and Everex have signed an MOU to research and implement blockchain technology for cross border payments and trade finance.

Lao Development Bank, LDB, Everex, money transfer, cross border payments, trade finance, financial services, banks, MOU, Lao