Articles with tag: foreign

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Standard Chartered enabled to run more places of business in Singapore

04 Aug 2020 | E-invoicing, SCF & E-procurement

The Monetary Authority of Singapore (MAS) has enabled Standard Chartered Bank Singapore (SCBSL) to run more places of business (POBs) as a Significantly Rooted Foreign Bank (SRFB).

Standard Chartered, SRFB, Singapore, The Monetary Authority of Singapore, MAS, Chartered Bank Singapore, SCBSL, Significantly Rooted Foreign Bank, banks, POBs, digital, digital banks, banking, lender

Equity Bank secures USD 50 mln IFC-loan for Kenya-based SMEs amid COVID-19

22 Jul 2020 | E-invoicing, SCF & E-procurement

World Bank Group member IFC has provided a $50 million loan to Equity Bank Kenya to help small and medium-sized enterprise (SME) clients facing COVID-19 challenges.  

World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue

MAS completes Project Ubin for Central Bank Digital Currency

14 Jul 2020 | Cryptocurrencies

The Monetary Authority of Singapore (MAS) and Temasek have released a report to mark the successful conclusion phase of Project Ubin.

Project Ubin, MAS, Monetary Authority of Singapore, Temasek, JP Morgan, Central Bank Digital Currency, CBDC, blockchain, payments, multicurrency, ecosystem, cross-border payments, multiple currencies, foreign currency exchange

Ecommerce in Europe to account EUR 717 bln in 2020

10 Jul 2020 | Ecommerce

An ecommerce research has revealed that ecommerce is expected to be worth EUR 717 billion in 2020, meaning a 12.7% increase compared to 2019.

Ecommerce Region Report, ecommerce, research, report, Europe, online shoppers, Romania, Bulgaria, Spain, Belgium, Ireland, Austria, Iceland, UK, Denmark, Germany, the Netherlands, Sweden, foreign ecommerce, national ecommerce, Poland, Malta, Cyprus

The CFO Centre selects moneycorp to support businesses navigate foreign exchange

15 Jun 2020 | Payments General

moneycorp North America, a global payments and currency risk management provider, has teamed up with the CFO Centre, a provider of part-time CFO services.

moneycorp North America, CFO services, payments, currency risk management, foreign exchange

Revolut introduces new fees and limits for FX and weekend transfers

11 Jun 2020 | Payments General

UK-based digital bank Revolut has added new limits for its foreign exchange offering for its free plan while also doubling fees for weekend transfers starting with August 2020.

Revolut, FX, foreign exchange, fee, weekend transfers, interbank exchange rates, domestic transfers, euro transfers, Single Euro Payments Area

FX trading, forex licensing, and fraud - Exclusive interview with Cyprus Securities and Exchange Commission

18 May 2020 | Payments General

Demetra Kalogerou, Chairwoman of Cyprus Securities and Exchange Commission, discusses CySEC `s mission, the process of licensing forex brokers, forex scams, payments, and how Covid-19 is impacting the FX trading and crypto industry

CySEC, Demetra Kalogerou, forex brokers, forex scams, payments, FX trading, licensing, covid-19, regulations, legislation, supervision, policymaking, CIF, FCA, FINMA, investors, funds, money laundering, terrorist financing, foreign exchange market

Rapyd to waive FX and processing fees for digital payments during COVID-19

15 May 2020 | Payments General

Rapyd fintech has announced waiving foreign exchange and processing fees on the first USD 100,000 in total processing volume for new clients in the US, Brazil, and Mexico. 

Rapyd, FX, foreign exchange, processing payments, digital payments, business onboarding, loans, gig economy, payment infrastructure

Uzbekistan planning to reform banking system

13 May 2020 | E-invoicing, SCF & E-procurement

The president of Uzbekistan has announced planning to reform the banking system and sell off state shares in six Uzbek banks.

Uzbekistan, banking, Ipoteka Bank, Uzpromstroybank, Asaka Bank, Alokabank, Qishloq Qurilish Bank, Turonbank, National Bank for Foreign Economic Affairs, Agrobank, Microcreditbank, financial, loans

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

Integral partners with Western Union to provide FX technology solutions

17 Mar 2020 | Online Payments

US-based fintech Integral has partnered with Western Union to employ eFX risk management technology across Western Union Business Solutions platform.

Integral, Western Union, FX technology, risk management, currency, foreign exchange, trading solution, US, United States, North America, liquidity management

MoneyNetint selects AFEX to expand its payment network across the globe

10 Mar 2020 | Payments General

MoneyNetint, an international payment solutions provider, has teamed up with AFEX, a large foreign exchange specialist, to expand its payment network across the globe.

payment solutions provider, foreign exchange specialist, MoneyNetint, AFEX, API, corporate payments, B2B

Blockchain trade finance platform Contour ready to launch in Hong Kong

06 Mar 2020 | E-invoicing, SCF & E-procurement

A blockchain trade finance platform developed by eight banks, Contour, including HSBC and Standard Chartered, has gotten closer to commercial launch in Hong Kong.

Contour, State Administration of Foreign Exchange, trade finance, Standard Chartered, HSBC, China, Hong Kong, Asia, APAC, banks, banking, trade, letter of credit

Western Union stops all money transfers from Canada to Cuba

02 Mar 2020 | Online Payments

Western Union has announced it is unable to operate money transfer services to Cuba from countries other than the United States, effective February 26, 2020. 

western Union, Cuba, Canada, online payments, money transfer, FX, foreign exchange, online transaction, trade embargo, US, trade

Standard Chartered joins Cobalt DLT FX platform

28 Feb 2020 | E-invoicing, SCF & E-procurement

UK-based foreign exchange company Cobalt has announced that Standard Chartered plans to join its foreign exchange (FX) DLT-based post-trade platform.

Cobalt, Standard Chartered, FX, trade platform, FX trade, trade finance, blockchain, trade finance consortium, Marco Polo, foreign exchange

Curve to launch banking platform in the US

11 Feb 2020 | Online & Mobile Banking

UK-based banking app Curve has announced it will launch in the US during 2020 according to a statement by the company’s CEO.

Curve, expansion, banking app, US, UK, United States, online banking, banking platform, digital banking, lending, foreign exchange

Exclusive interview with 2Checkout's CEO on what makes a good digital commerce platform

11 Feb 2020 | Ecommerce

Alex Hart, CEO of 2Checkout, offers an insightful take on what makes a successful digital commerce and payments solution and what the future holds for B2C and B2B commerce

2Checkout, Alex Hart, digital commerce platform, ecommerce, online payments, monetization platforms, frontrunners, GDPR, PSD2, tax management, subscription management, foreign exchange, payments, payment flexibility, digital commerce

CaixaBank adds we.trade platform to its services

06 Jan 2020 | E-invoicing, SCF & E-procurement

Spain-based CaixaBank has announced the addition of the digital trade platform we.trade to its service catalogue for companies.

CaixaBank, Spain, bank, we.trade, blockchain-based foreign technology platform, blockchain, trade finance, smart contracts, e-invoicing, trading transactions, trading operations, blockchain technology

Rapyd adds additional USD 20 mln

04 Dec 2019 | Payments General

Rapyd, a UK-based startup, has picked up an additional USD 20 million, according to TechCrunch.

Rapyd, payments, checkout, funds collection, fund disbursements, compliance as a service, foreign exchange, card issuing, investment

Interview with Cardpay on how ecommerce businesses can navigate international payments methods

02 Dec 2019 | Ecommerce

Kirill Evstratov, CEO and Founder of Cardpay, discusses ecommerce and the factors involved with accepting payments from international customers


Cardpay, interview, Kirill Evstratov, merchants, payments, payment gateway, card acquiring, alternative payment methods, recurring payments, business accounts, card issuing, foreign exchange