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Citigroup and IADB test blockchain-based cross-border payments 

News | Payments General | 09 Apr 2021

Citigroup has announced cooperating with the Inter-American Development Bank (IADB) to carry out a proof of concept for blockchain-based cross-border payments.

partnership, blockchain, tokenization, cross-border payments

Standard Chartered invests in the merger of CurrencyFair with Assembly Payments

News | Online Payments | 07 Apr 2021

CurrencyFair, a cross-border payments platform, and Assembly Payments, whose platform automates payment workflows, has announced their merger because of a strategic investment by Standard Chartered

digital payments, investment, merger, cross-border payments, ecommerce, COVID-19, transactions , online security, data

Sweden's central bank to include banks in next stage of e-krona project

News | Cryptocurrencies | 07 Apr 2021

Sweden’s central bank has announced plans to include other banks in the coming year to test how the e-krona could handle commercial and retail payments in the real world.

CBDC, cash, central bank, cross-border payments, payment processing, digital currency

Settle partners with Currencycloud to enable cross-border payments

News | Payments General | 07 Apr 2021

Settle, provider of mobile payment services, has partnered with Currencycloud, a provider of B2B cross-border solutions, to add foreign exchange and cross-border payments for its customers across Europe. 

cross-border payments, FX , partnership, payout

Instarem launches new mobile app and rebrands itself

News | Online Payments | 06 Apr 2021

Instarem, a digital cross-border payments platform, has announced the launch of a new mobile application, along with the company’s rebranding.

cross-border payments, mobile payments, debit card, rebranding

Uruguay-based dLocal secures USD 150 mln investment

News | Online Payments | 05 Apr 2021

Cross-border payments startup dLocal has raised USD 150 million at a USD 5 billion valuation, less than seven months after securing USD 200 million at a USD 1.2 billion valuation, according to TechCrunch.

dLocal, cross-border payments, startup, fintech, investment

Nium selects SENTBE to offer new payments solutions in South Korea

News | Ecommerce | 01 Apr 2021

Singapore-based Nium has announced a partnership with SENTBE to enable Nium customers to make payments into South Korea.

partnership, API, cross-border payments, payment methods

Nuvei to offer pay-in and pay-out crypto capabilities

News | Cryptocurrencies | 31 Mar 2021

Canada-based Nuvei has announced the addition of pay-in and pay-out support for nearly 40 of the leading cryptocurrencies.

Nuvei , cryptocurrency, cross-border payments, blockchain, cryptocurrency exchange

Ripple acquires stake in Tanglo for Southeast-Asian expansion

News | Payments General | 31 Mar 2021

US-based payment protocol Ripple has announced purchasing 40% of Malaysia-based cross-border payments company Tanglo to expand its presence in Southeast Asia.

mobile payments, cross-border payments, investment, blockchain

Visa expands its service by introducing Visa Direct Payouts

News | Online Payments | 31 Mar 2021

Visa has announced the expansion of Visa Direct, a push payments platform, with the introduction of Visa Direct Payouts. 

Visa, product launch, cross-border payments, P2P, insurance, remittances

Buna, owned by Arab Monetary Fund, to launch additional solutions

News | E-invoicing, SCF & E-procurement | 30 Mar 2021

Buna, the cross-border and multi-currency payment system owned by the Arab Monetary Fund, has announced plans to launch instant payments, in addition to other solutions.

cross-border payments, trade finance, payment methods, SWIFT

EMQ delivers enhanced cross-border payment capabilities in Hong Kong

News | Online Payments | 30 Mar 2021

Global financial settlement network EMQ has announced enhancements to its cross-border payment capabilities by adding Hong Kong’s Faster Payment System (FPS) to the network.

expansion, cross-border payments, online payments

Ripple whitepaper recommends cryptocurrency XRP as CBDC intermediary

News | Cryptocurrencies | 25 Mar 2021

Payment protocol Ripple has released a whitepaper document stating that the cryptocurrency XRP could act as an intermediary to connect different central bank digital currencies (CBDCs). 

cryptocurrency, CBDC, blockchain, cross-border payments

ipaymy and Wallex deliver international payments solution

News | Cards | 25 Mar 2021

ipaymy has partnered with Wallex to offer an international payment service for individuals and business users.

partnership, money transfer, credit card, cross-border payments

New SWIFT joint venture to set up localised data warehouse for China's central bank

News | Payments General | 24 Mar 2021

China's central bank has announced that the newly established joint venture with the Belgium-based SWIFT financial messaging service will set up a localised data warehouse.

SWIFT, Swift messages, cross-border payments, payments infrastructure, settlement, banks

Citcon supports 100+ new mobile wallets and local payment methods on its payment platform

News | Mobile Payments | 19 Mar 2021

Citcon, a mobile wallet payments company, has announced the availability of LATAM and Asia Pacific’s most popular mobile wallets and local payment methods on its platform.

Citcon, product launch, mobile payments, e-wallet, cross-border payments

Flutterwave partners with PayPal to enable merchant payments in Africa

News | Online Payments | 16 Mar 2021

Fintech company Flutterwave has partnered with PayPal to enable customers pay African merchants through its platform.

Flutterwave, PayPal, partnership, cross-border payments, online payments

Creating a level playing field in the cross-border transactions space

Voice of the Industry | Payments General | 16 Mar 2021

Gino Ravaioli, Chairman of the DCC Forum, examines why now is the time to open up the industry to greater competition

DCC Forum, cross-border payments, Brexit, interchange fee, merchants, regulation, European Commission

Don't let cross-border payment challenges get in the way of doing business in emerging markets

Interviews | Online Payments | 12 Mar 2021

Bogdan Dinu, head of product at Thunes, a leading cross-border payment network, reveals the most common payment challenges faced by businesses that start out in emerging markets

Thunes, cross-border payments, growth markets, COVID-19, online payments

First Bank reveals new fund transfer option for Africa

News | Payments General | 10 Mar 2021

First Bank, a Nigerian commercial bank, has unveiled a new cross-border payments service called First Global Transfer.

money transfer, cross-border payments, cash