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UK-based Starling Bank has blocked all card payments to crypto merchants and restrict other outgoing and incoming crypto-related bank transfers.
crypto asset, cryptocurrency exchange, digital payments, money transfer, crypto
US-based fintech Galileo has announced that its API-enabled platform will power the Pomelo ‘Remit Now, Pay Later’ credit card to extend financial access to US families.
partnership, API, remittances, money remittance, money transfer, payments , credit card, cross-border payments
Singapore-based SME finance management platform YouBiz has launched global transfers in 8 major currencies to a total of 146 countries.
money transfer, SMEs, FX , spend management, cross-border payments
VersaBank has initiated an internal pilot programme of new Digital Deposit Receipts (DDRs) in Canada to validate its DDR model, CADV (for the Canadian-dollar version).
digital wallet, money transfer, bank transfer, cash management, e-wallet, payments infrastructure
US-based money transfer company MoneyGram has partnered with financial super app BEYON Money to allow consumers in Bahrain to send money internationally in near real-time.
money transfer, mobile payments, super app, remittances, cross-border payments
Lithuania-based fintech Paysera has partnered with Airwallex to enable businesses to carry out USD payment transfers to China.
ecommerce, cross-border ecommerce, payments , cross-border payments, Global Payments, payments infrastructure, money transfer
Lithuania-based fintech Paysera has partnered with Airwallex to enable its clients to send money to 149 countries and 9 countries’ open IBAN accounts.
partnership, payments , online payments, cross-border payments, money transfer, IBAN
Western Union has partnered with UAE-based BaaS provider NymCard to enable fintechs and FIs in the UAE to offer international money transfers through the former’s platform.
money transfer, partnership, remittance, fintech, Western Union
Payment platform Alipay and digital payment provider WeChat have launched a feature that permits inter-platform transfers.
Alipay, money transfer, QR code, mobile payments, regulation
Visa has partnered with Singapore-based cross-border payments company Thunes to expand Visa Direct’s reach to 1.5 bln digital wallets.
digital wallet, Visa, Thunes, remittance, money transfer, cross-border payments, partnership
MoneyGram has enabled global money transfers through the app of the UAE-based fintech Jingle Pay.
digital wallet, remittance, money transfer, digitalisation, partnership, investment
UK-based payment provider Ecospend has enabled the clients of QR-code-based payment services app PENG to benefit from Open Banking services.
QR code, money transfer, QR payments, Request to Pay, Open Banking, Open Finance
The UK Payment Systems Regulator (PSR) has proposed that all banks must reimburse within 48 hours customers tricked into sending money in a type of online scam.
regulation, regulatory sandbox, online payments, money transfer, bank transfer, transaction monitoring, transaction fraud, fraud detection, online fraud, fraud prevention, banks, bank account
Western Union has partnered Shanghai Pudong Development Bank and Tencent Financial Technology to enable international money transfers through Weixin.
money transfer, product launch, partnership, super app
Chainlink and SWIFT have announced a proof-of-concept that will allow the international bank cooperative to transfer cryptocurrencies across most blockchains.
blockchain, partnership, cryptocurrency, money transfer, cross-border payments
Central Bank of Brazil (Bacen) has authorised Belvo, an Open Finance platform, to operate as a Payment Transaction Initiator (ITP) in Brazil.
ecommerce, Open Finance, regulation, money transfer, payments
RappiPay, Colombian Banco Davivienda and Rappi’s fintech has secured USD 112 million financing in a credit to boost financial inclusion in the LATAM country.
mobile payments, online platform, mobile banking, bank transfer, online banking, money transfer, product upgrade, funding, financial services, financial inclusion
What is being done to bridge the gap that still exists between what businesses need for cross-border payments and FX to capitalise on the growing ecommerce market, and what they are able to access?
cross-border payments, fintech, payment methods, FX , financial institutions, ecommerce, Banking Circle, money transfer, banks
WayaPay, a US-based Kenyan fintech, has launched its full-service digital bank and money transfer app targeting African immigrants.
fintech, startup, digital banking, money transfer, e-wallet
Philippines-based digital banking provider CIMB has offers InstaPay on its app, so users can transfer money to and from their CIMB account.
money transfer, remittance, product upgrade, real-time payments, digital banking