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UK-based payment services provider TerraPay has received a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).
money transfer, remittance, MPI licence, cross-border payments, regulation
Hong Kong-based ZA Bank has announced plans to offer banking services for stablecoin issuers to cater to the increase in local web3 adoption.
stablecoin, web3, banking, digital assets, regulation
US-based crypto solutions company Ripple has planned to issue a stablecoin, pegged 1:1 to the US dollar.
stablecoin, XRP, Ethereum, blockchain, DeFi
Shaul David, Embedded Finance Advisor: Despite regulatory challenges, the BaaS excitement remains strong, but the lack of cross-jurisdictional platforms hinders global Embedded Finance adoption.
BaaS, banking-as-a-service, embedded finance, fintech, banks, payments
Verification provider Sumsub has partnered with payments infrastructure platform Mercuryo to publish a guide about Travel Rule for Virtual Asset Service Providers (VASPs).
cryptocurrency, digital assets, compliance, regulation, partnership
Philippines has planned to block the Binance exchange by June 2024, giving time for investors to close their positions held via the exchange.
cryptocurrency exchange, regulation, AML, compliance, trading platform
Ryft has announced its partnership with American Express in order to drive efficient marketplace and digital platform payments for merchants in the UK.
partnership, payments , online payments, mobile payments, digital payments, ecommerce
Global fintech company Unlimit has secured a payments license in the region of Tanzania, aiming to further expand its presence in Africa.
expansion#, product launch, payments aggegator license, banking, online banking, mobile banking, digital banking, financial services, financial institutions
Exchange organisation Deutsche Börse Group has launched the Deutsche Börse Digital Exchange (DBDX), a crypto spot platform for institutional clients.
product launch, cryptocurrency, digital assets, financial services
Google Pay has announced it undergoes significant changes, merging US app with Google Wallet and augmenting features for payments.
mobile payments, Android, payment methods, product upgrade, Google Pay
Nium has continued its expansion in the Middle East region, announcing a partnership with Enjaz Banking Services, the remittance division of Bank Albilad in Saudi Arabia.
Global Payments, cross-border payments, FX , expansion, partnership
Egypt-based Commercial International Bank has partnered with Ripple to implement blockchain technology aiming to enhance the efficiency of cross-border payments.
CBDC, central bank, cross-border payments, digital assets, partnership
Ebury has expanded its partnership with Nium, a real-time payments provider, aiming to deliver a global remittance service in Brazil.
partnership, cross-border payments, real-time payments, financial services, SMEs
Nigeria-based digital bank FairMoney has entered discussions to buy Umba, another Nigeria-based digital bank Umba, in a USD 20 million all-stock deal.
acquisition, expansion, digital banking, lending, financing
Omnichannel payment solution Payplug has recently announced a new partnership with modular and flexible payment infrastructure provider for marketplaces, Mangopay.
omnichannel, partnership, payment gateway, online payments, omnichannel payments solution, multi currency treasury solutions, payin, payout, reconciliation, e-wallet, merchant, marketplace, fraud prevention, fraud detection, fraud management, payments infrastructure, Acquirer, PSP
US-based crypto wallet company Fordefi has secured USD 10 million in venture capital investment to expand its crypto wallet to retail-facing platforms.
investment, funding, cryptocurrency, digital wallet, DeFi
US-based crypto solutions company Ripple has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital-assets.
cryptocurrency, regulation, blockchain, compliance, tokenization
Switzerland-based Crypto Finance has obtained four licences from the German Federal Financial Supervisory Authority (BaFin).
cryptocurrency, expansion, regulation, digital assets
BitRail has partnered with custom payment solutions provider Payment Lock in order to market branded digital payments and loyalty programs to over 300k merchants.
partnership, digital payments, mobile payments, online payments, payments , ecommerce
Global financial services provider Breinrock has announced its partnership with Layer2 Financial network in order to expand its cross-border payments capabilities.
partnership, cross-border payments, cross-border ecommerce, payments , online payments, digital payments, mobile payments, ecommerce