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China-based technology company Tencent has financed Easy Transfer, a startup that augments tuition payments for overseas Chinese students.
remittance, cross-border payments, investment, startup, online payments
Fino Payments Bank has received approval from Reserve Bank of India (RBI) for starting international remittance business under the money transfer service scheme (MTSS).
banks, remittance, product upgrade, cross-border payments, merchant
PayCargo Capital has secured a lending alliance with Evolve Bank & Trust (Evolve), a financial and technology institution, allowing freight forwarders and beneficial cargo owners to apply for and receive credit at the point of paying freight costs.
partnership, supply chain finance, digital payments, remittance
Axletree and Roxe have partnered to deliver cross-border payments with blockchain technology, making use of the former’s marketplace and Roxe’s Instant Settlement Network.
cross-border payments, blockchain, remittance, instant payments, instant settlement, cryptocurrency
Western Union and NPCI International Payments Limited (NIPL) have signed a Memorandum of Understanding (MoU) to strengthen real-time bank account payouts in India.
Western Union, real-time payments, NPCI, banks, remittance
EBANX, a payments platform, has acquired Remessa Online, a fintech that specialises in international remittance services, in a deal valued at USD 229 million.
acquisition, remittance, fintech
Qatar Islamic Bank (QIB) has announced the launch of new remittance service ‘Visa Direct’ in partnership with Visa in Qatar.
remittance, money transfer, Visa, partnership, product launch
France-based payment service provider Worldline has teamed with Brazil-based Bexs Pay to launch a cross-border remittance product for online payments from Brazil.
Worldline, partnership, remittance, online payments, cross-border payments, local payment method, ecommerce, merchants
Aleta Planet has partnered with Tencent Financial Technology to help Singapore residents remit money to Weixin users in China.
partnership, remittance, UnionPay
Mastercard has partnered ProgressSoft, to simplify the integration of Mastercard Cross-Border Services and accelerate cross-border remittances across the Middle East and North Africa.
Mastercard, partnership, remittance, financial services, financial institutions
UAE-based fintech Unimoni has partnered with Canada-based payment service provider Buckzy Payments to make international payments more reliable across the globe.
cross-border payments, remittance, money transfer, partnership, growth markets, online payments
Western Union has partnered with Singtel’s Dash to enable international money transfers digitally for Dash’s customers in Singapore, as announced during SFF.
partnership, Western Union, cross-border payments, B2B payments, remittance
Azimo, a digital money transfer service, has partnered with Privatbank, a Ukraine-based commercial bank.
product launch, banks, money transfer, remittance
The blockchain-based financial protocol company Velo Labs has joined forces with Inception, a cross-border remittance financial service company available in Southeast Asia.
partnership, online payments, e-wallet, remittance
Nigeria-based fintech Flutterwave has partnered with US-based Stellar to open two new remittance corridors between Europe and Africa on the Stellar network.
Flutterwave, partnership, digital payments, financial inclusion, remittance, product upgrade
partnership, Ripple, XRP, blockchain, digital assets, remittance, cross-border payments
Xoom, Paypal’s digital remittance service, has partnered with Singapore-based fintech Thunes to enable Xoom’s customers in North America and the UK to send remittances to mobile wallets.
Thunes, remittance, digital wallet, partnership, expansion, PayPal
SWIFT has announced that 100 banks around the world have signed up for SWIFT Go since it went live in July 2021, according to an official press release.
SWIFT, cross-border payments, remittance
OneFor has selected Moorwand to power OneFor’s offering, aiming to improve the simplicity, accessibility, and affordability of remittances for consumers.
partnership, product launch, remittance, IBAN, debit card
Trulioo, a Canada-based identity verification company, has announced five new customers in the remittance sector: Sokin, Bano Financial, Global66, SwapMoney and Supersonicz.
remittance, fintech , online payments, API, Trulioo, identity verification