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Digital money transfer operator Azimo offers free remittances

News | Online Payments | 16 Jun 2021

Azimo, the UK-based digital money transfer service, has announced offering a fee-free transfer for all senders on June 16, the UN’s International Day of Family Remittances.

remittance, cross-border payments, online payments acquires Estonian IT company Icefire

News | Online Payments | 16 Jun 2021

UK-based cloud-based PSP has announced acquiring Estonia-based software development firm Icefire

acquisition, ecommerce, PSP, cross-border payments

Currencycloud, DynaPay team to enhance cross-border payments

News | Online Payments | 16 Jun 2021

UK-based cross-border payments company Currencycloud has announced a partnership with fintech DynaPay.

partnership, cross-border payments, online payments

EBANX announces USD 430 million investment from Advent International

News | Ecommerce | 15 Jun 2021

Brazil-based cross-border commerce platform EBANX has announced an investment of USD 400 million from Advent International along with USD 30 million to the company's planned IPO in the US. 

funding, ecommerce, cross-border payments, cross-border ecommerce

Cross-border CBDCs could trigger forex controls

News | Cryptocurrencies | 14 Jun 2021

Although it is still early days, CBDCs might trigger greater foreign exchange controls, as study shows.

CBDC, cross-border payments, survey, stablecoin, central bank

France and Switzerland trial cross-border CBDC

News | Cryptocurrencies | 11 Jun 2021

The Swiss National Bank and the Bank of France have announced they will trial Europe's first cross-border central bank digital currency payments.

CBDC, central bank, partnership, cross-border payments

Leveraging alternative payment methods for growth

Voice of the Industry | Online Payments | 11 Jun 2021

Shradha Kampani, Product Director at Thunes, explores the different types of alternative payment methods and explains why businesses that want to go far should make use of them

Thunes, ecommerce, payment methods, BNPL, API, cross-border payments, cross-border ecommerce

Hong Kong tests China's digital yuan

News | Cryptocurrencies | 09 Jun 2021

Hong Kong has announced intentions to test connecting China's digital yuan with its domestic payments network, in the second stage of trials of China's digital currency in the financial hub.

CBDC, central bank, digital currency, cross-border payments

DynaPay, Banking Circle to add more currencies for cross-border payments

News | Payments General | 08 Jun 2021

Fintech DynaPay has selected payments specialist Banking Circle to help it deliver payment solutions for SMEs transacting globally and in multiple currencies.

Banking Circle, cross-border payments

Nium acquires B2B payments company Ixaris

News | Payments General | 08 Jun 2021

Singapore-based B2B payments platform Nium has announced signing an agreement to acquire UK-based B2B travel payment optimisation company Ixaris.

acquisition, B2B payments, payment processing, cross-border payments

Visa partners Goldman Sachs for global money transaction solution

News | Online Payments | 07 Jun 2021

Visa has partnered with Goldman Sachs Transaction Banking to help businesses move money around the world.

Visa, Goldman Sachs, partnership, B2B payments, cross-border payments

PayAlly partners Banking Circle to boost its multi-currency B2B cross-border payments services

News | Online Payments | 07 Jun 2021

PayAlly, a UK-based payments ecosystem provider, has announced a partnership with Banking Circle to boost its multi-currency B2B cross-border payments services.

Banking Circle, B2B payments, cross-border payments, online payments

The European Union's next steps in developing the payments market post COVID-19 – a look into CBPR2 and beyond

Voice of the Industry | Online Payments | 07 Jun 2021

Robrecht Vandormael, Secretary General of Payments Europe, details the next steps in the development of the EU payments market post COVID-19, providing insights into the effects of CBPR2 and beyond

Robrecht Vandormael, Payments Europe, regulation, cross-border payments, online payments

TransferMate partners WEX to introduce new payment capabilities

News | Online Payments | 04 Jun 2021

TransferMate, a provider of payments infrastructure as a service, and WEX, a financial technology service provider, has partnered to launch new payment capabilities.

partnership, cross-border payments, payments infrastructure

ICICI Bank, SWIFT offer instant facility for cross-border inward remittances

News | Payments General | 04 Jun 2021

India-based banking group ICICI Bank has teamed up with SWIFT to offer a facility that helps overseas partner banks to send instant remittances on behalf of their customers to the beneficiary in India. 

SWIFT, cross-border payments, banks

emerchantpay launches card issuing solution for European businesses

News | Ecommerce | 03 Jun 2021

UK-based PSP emerchantpay has launched its issuing solution across Europe. 

expansion, PSP, merchant, online payments, cross-border payments

Marlin Equity Partners takes over majority of iBanFirst

News | Online & Mobile Banking | 28 May 2021

The US investment company Marlin Equity Partners has announced taking over 50% of the foreign currency specialist for medium-sized businesses iBanFirst.

acquisition, cross-border payments, payment processing, transactions

37 percent of UK-based businesses lost over GBP 60,000 from cross-border payments post-Brexit

News | Online Payments | 27 May 2021

ECOMMPAY has revealed in a research that 37% UK-based businesses have lost revenue from cross-border card payments post-Brexit.

ECOMMPAY, research, cross-border payments, Brexit, online payments

EBANX unveils EBANX ONE, its ultimate payments platform for global companies in Latin America

News | Online Payments | 25 May 2021

EBANX has launched EBANX ONE, its ultimate payments solution for global companies in Latin America.

product launch, cross-border payments, local payment method, online payments, payout

ThetaRay launches SONAR for safe cross-border payments

News | Digital Identity, Security & Online Fraud | 25 May 2021

Israel-based ThetaRay, a provider of AI-based big data analytics, has launched SONAR, a financial crime prevention solution for cross-border payments.

product launch, cross-border payments, SaaS, fraud management