Tagged: Cross-Border Transactions

March 24, 2025 @ 1:59 pm By Omar Faridi  |  

Payments Canada is supporting a transformative shift in the financial landscape with the adoption of ISO 20022, an international messaging standard poised to enhance payment processing across the country. This initiative is gaining momentum, underscored by the release of a new educational update from Payments… Read More

February 21, 2025 @ 5:07 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments, announced the expansion of its real-time payout capabilities into Australia. The move furthers Nium’s mission to offer the global real-time payments network, enabling business to “send payments across borders faster and more affordably.” With this expansion, businesses… Read More

February 18, 2025 @ 11:13 pm By Omar Faridi  |  

Jazari has reportedly teamed up with Bud Financial to enhance Remit Now, Pay Later services, making remittances more accessible for migrant workers. Jazari, the UK-based Fintech, is behind the ‘Remit Now, Pay Later’ platform. By integrating Bud’s AI-powered financial data platform, Jazari is set to… Read More

February 12, 2025 @ 9:55 pm By Omar Faridi  |  

Western Union (NYSE: WU) and Penny Pinch announce that they have launched international money transfer services in the Penny Pinch app. The co-branded service enables customers in the country to send and receive money globally, “based on their convenience and needs.” Penny Pinch is Eastern… Read More

February 11, 2025 @ 8:01 am By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure for financial institutions, announced a partnership with Portuguese currency exchange provider Unicâmbio to support instant cross-border payments between Portugal and Brazil using Ripple Payments. This collab marks the first time that Ripple’s payments solution has been made available… Read More

February 4, 2025 @ 10:18 pm By Omar Faridi  |  

The global payments landscape is undergoing significant changes, driven by the increasing need for cross-border transactions. TransferGo, a global Fintech company, has launched a multi-currency business account to cater to the growing demands of international businesses. This service allows companies to hold, exchange, send, and… Read More

January 11, 2025 @ 11:08 am By Omar Faridi  |  

Nium, the infrastructure for real-time cross-border payments,  announced the launch of the Diners Club International Card for its travel customers. This milestone reportedly makes Nium one of the “first” global payment card issuers in the travel space to “offer cards across the four major schemes.”… Read More

January 10, 2025 @ 4:42 pm By Omar Faridi  |  

Arf, a global firm focused on providing working capital and settlement liquidity solutions to payments companies, and LuLu Financial Holdings, a financial services conglomerate, have announced a partnership aimed at enhancing settlement times in the cross-border payments sector. This collab will reportedly allow LuLuFin to… Read More

December 22, 2024 @ 12:54 pm By Omar Faridi  |  

XTransfer, the B2B cross-border trade payments platform, and OCBC, the financial services group in SE Asia, have announced their latest partnership. OCBC China will now aim to leverage the OCBC Group’s regional network and resources in its major markets of Singapore, Hong Kong, Malaysia as… Read More

December 11, 2024 @ 6:00 pm By Omar Faridi  |  

Airwallex reported strong YoY growth across the APAC region as the global payments and financial operating platform for businesses. In Q3, Airwallex delivered an 83 percent revenue increase YoY and grew transaction volume by “49 percent YoY across the APAC region, as well as significant… Read More

November 28, 2024 @ 8:55 am By Omar Faridi  |  

Neeraj Baid, Co-founder and CEO of Atlantic Money, noted that his firm has been acquired by Deel, the all-in-one payroll and HR platform for global teams. Baid also mentioned that when they launched Atlantic Money two years ago, their goal was to create the world’s… Read More

November 6, 2024 @ 10:20 pm By Omar Faridi  |  

Nium and Partior have partnered on real-time, cross-border payments, clearing and settlement. Nium now reportedly becomes one of th efirst fintechs to join the blockchain-based network, enabling cross-border payments, market reach, and transaction transparency Nium, the infrastructure for real-time cross-border payments, confirmed its partnership with… Read More

October 31, 2024 @ 6:08 pm By Omar Faridi  |  

DailyPay, a worktech company, is expanding globally in more ways than one. DailyPay stated that it now focused on broadening the reach of its platform by adding a new feature: International Remittances. The International Remittances feature will enable DailyPay users to send funds at the… Read More

October 29, 2024 @ 4:48 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments,  announced the launch of Nium Verify, a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Designed to empower businesses with instant verification of beneficiary bank account details, Nium Verify aims to… Read More

October 24, 2024 @ 10:37 pm By Omar Faridi  |  

Nium, the infrastructure for real-time cross-border payments, has recently announced that financial institutions are now able to leverage the Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network. This connection provides a cost-effective solution for financial institutions to connect… Read More

October 20, 2024 @ 7:45 pm By Omar Faridi  |  

UK-headquartered Fintech Wise (LSE:WISE) has reportedly gained direct access to Japan’s payment clearing network. As first reported by Reuters, Wise is said to have become the first foreign company to receive approval for direct access to Japan’s bank payment clearing network (know as Zengin). Wise has… Read More

September 15, 2024 @ 8:29 pm By Omar Faridi  |  

Thunes, the Smart Superhighway for money movement around the world, announces a strategic alliance with TeleMoney, the International Remittance arm of Arab National Bank (ANB). This collaboration marks a significant milestone, “as TeleMoney’s membership in the Thunes Direct Global Network underscores the growing trust that… Read More

August 21, 2024 @ 10:28 am By Omar Faridi  |  

TerraPay, a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions. Together, these operators serve millions of wallet users, “spanning regions… Read More

August 12, 2024 @ 10:20 pm By Omar Faridi  |  

Wise Payments Ltd. intends to begin signing up new clients in India for global remittances following a pause. This will be done to potentially acquire a larger share of a market that’s reportedly grown to $32 billion. The London-headquartered Fintech has stopped taking additional clients… Read More

May 19, 2024 @ 9:56 am By Omar Faridi  |  

Atlantic Money, which claims to be the world’s first money transfer service with a fixed fee and real rates, announced the launch of its web platform. The new robust desktop experience caters “to Atlantic Money’s over 10,000 customers who transfer significantly higher volumes than typical… Read More