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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
Global fintech specialised in embedded finance orchestration solutions, Zai, has joined a strategic partnership with TerraPay, a global payments infrastructure company to enhance scalability.
partnership, expansion, money transfer, cross-border payments, B2B payments, fintech, financial services, transactions , online payments, payments
Spain-based fintech Pecunpay has enabled money transfers and instant payments to Mastercard cards with Mastercard’s Send service.
API, MasterCard, money transfer, loyalty programme, debit card, credit card, virtual card
Sigapore-based fintech BigPay has launched Stashes, a virtual account that allows users to organise and save money that is separate from the BigPay wallet.
product upgrade, digital wallet, remittance, spend management, money transfer
UK-based fintech Paysend has partnered with Currencycloud to help SMEs reach new customers globally and control financials through Paysend Business.
money transfer, cross-border payments, cross-border ecommerce, payment methods, SMEs, SWIFT
US-based remittance processor Remitly has signed a definitive agreement to acquire Israel-based Rewire, a financial services platform for migrant workers.
money transfer, remittance, acquisition, online payments, IBAN
Germany-based viafintech, a brand pertaining to payments platform Paysafe, has teamed with Pecunpay to launch a new cash deposit and withdrawal network in Spain.
cash management, ATM, mobile payments, mobile money, money transfer
Formerly known as Transferwise, fintech Wise has introduced its new INTERAC e-transfer request money feature to its users in Canada, providing a more convenient way to move money into their Wise wallets.
FX , money transfer, bank transfer, cross-border payments, transactions , online payments, cash flow, instant payments
Sweden-based fintech for Open Banking payments, Trustly, has partnered with Conotoxia, a multi-currency company from Poland, to provide users with a fast, secure, and safe way to transfer funds internationally through their bank accounts.
partnership, payment processing, cross-border payments, money transfer, bank transfer, investment, digitalisation
Singapore-based Capital A venture BigPay has added 38 new nations to its global remittance services network.
cross-border payments, digital payments, expansion, money transfer, transactions
Bangladesh-based BRAC Bank has signed an agreement with TerraPay to enable faster cross-border payments.
partnership, cross-border payments, remittance, money transfer, digital wallet
UK-based Atlantic Money has gone live in the UK and raised USD 3 million to expand internationally.
money transfer, product launch, funding, expansion, remittance