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Payments

BIS Exits from China Backed mBridge CBDC Project After BRICS Summit

  • “mBridge is not the BRICS Bridge,” Agustín Carstens, BIS General Manager.
  • Launched in 2021, mBridge uses blockchain to improve speed in cross-border payments.
Friday, 08/11/2024 | 14:37 GMT by Tareq Sikder
FinTech

Ebury Kicks Off as Official FX Partner of C.D. Leganés for Global Transactions

  • Founded in 2009, Ebury has over 1,700 employees and operates in 25 countries globally.
  • The firm offers services in over 130 currencies, including payments, collections, and business lending.
Friday, 08/11/2024 | 11:48 GMT by Tareq Sikder
Payments

Gemini Gains In-Principle Approval from MAS for Cross-Border and Crypto Payment

  • Singapore remains central to APAC operations as the firm works towards full MPI licensing.
  • Earlier this year, Gemini obtained approval from the regulator to launch its services in France.
Tuesday, 29/10/2024 | 11:43 GMT by Tareq Sikder
CryptoCurrency

BTC over USD: Will BRICS Adopt Putin's Ambitious Alternative Payment System?

  • At the BRICS Summit 2024, there was discussion of blockchain and alternative payment systems.
  • Earlier this month, the European Central Bank published a report hostile towards Bitcoin.
Friday, 25/10/2024 | 10:53 GMT by Sam White
Payments

MoneyGram Taps dLocal to Roll Out Cross-Border Payments in APAC and EMEA

  • The collaboration targets UN goals by reducing remittance fees to below 3%.
  • In early 2024, the global average cost for cross-border payments stood at 6.35%.
Thursday, 19/09/2024 | 13:00 GMT by Tareq Sikder
Payments

Mastercard Partners with NymCard for Remittance Reach to 47 Countries

  • The collaboration expands NymCard's BaaS capabilities and access to Mastercard’s payout network.
  • The report shows 48% of UAE residents plan to send more cross-border payments.
Wednesday, 11/09/2024 | 11:23 GMT by Tareq Sikder
Payments

Indonesia and South Korea Pave the Way for Seamless Digital Payments

  • A strategic leap in digital finance.
Tuesday, 16/07/2024 | 15:55 GMT by Pedro Ferreira
Institutional FX

DMALINK and Ibanera Form Strategic Alliance for Tech Sector Finance

  • The collaboration targets financial challenges faced by technology companies.
  • Future plans include tailored services for tech firms, focusing on digital assets.
Friday, 28/06/2024 | 08:00 GMT by Tareq Sikder
Payments

Wise Partners with Qonto to Smooth Out Cross-Border Transactions

  • Qonto customers can now send money to 24 currencies across 130 countries with enhanced tracking.
  • Wise Platform will be integrated into Qonto’s, using the mid-market exchange rate without hidden fees.
Wednesday, 26/06/2024 | 11:09 GMT by Tareq Sikder
FinTech

China’s XTransfer Enhances Cross-Border Payments with TerraPay Partnership

  • The partnership will allow XTransfer’s customers to settle payments in local currencies.
  • According to the company, it will enable SMEs to expand their businesses globally.
Tuesday, 28/05/2024 | 08:05 GMT by Arnab Shome
Payments

BIS and The Intricacies of Regional Payment Infrastructure Integration

  • Bridging borders, building economies.
Friday, 24/05/2024 | 15:00 GMT by Pedro Ferreira
Payments

The Esperanto of Money?

  • How Swift slams the brakes on cross-border payment headaches.
Tuesday, 21/05/2024 | 15:00 GMT by Pedro Ferreira
FinTech

Unlimit and DEUNA Forge Partnership for LATAM Cross-Border Payments

  • The partnership utilizes DEUNA's payment orchestration and Unlimit’s infrastructure.
  • It aims to boost approval rates, reduce costs, and address fraud with payment solutions.
Tuesday, 21/05/2024 | 09:38 GMT by Tareq Sikder
FinTech

Swift Standardises Payments Chain; Offers White-Label Tracking Service

  • The white-label tracking service can be accessed via API or messaging channels.
  • The service is expected to increase transparency of payment status and provide confirmation of receipts.
Tuesday, 21/05/2024 | 08:17 GMT by Arnab Shome
Payments

TerraPay and barq Set the Stage for Swift and Secure Cross-Border Transfers

  • This collaboration leverages TerraPay's payments network and supports barq's expansion.
  • barq, authorized by the Saudi Central Bank, seeks to impact the fintech sector in Saudi Arabia.
Thursday, 16/05/2024 | 08:45 GMT by Tareq Sikder
FinTech

Cross-Border Banking: Wirex Teams Up with OpenPayd for Virtual IBAN

  • Wirex customers in over 30 countries can conduct real-time transfers using OpenPayd's infrastructure.
  • The users will receive unique IBANs, facilitating swift transfers to traditional bank accounts.
Tuesday, 14/05/2024 | 08:22 GMT by Tareq Sikder
Payments

Quicklly and Visa Beam Us into a Future of Frictionless Money Movement

  • Remittances reimagined.
Thursday, 02/05/2024 | 04:00 GMT by Pedro Ferreira
Payments

Swift and Veritran Team Up to Boost Cross-Border Payment Efficiency

  • The collaboration aims to minimize friction, improve customer experience, and ensure compliance with regulations.
  • Users will have access to real-time tracking, pre-validation services, and streamlined operational processes.
Tuesday, 30/04/2024 | 14:47 GMT by Tareq Sikder
Payments

Friction at the Border: Why Your International Coffee Fix Could Soon Be Instant

  • The brewing of a revolution?
Wednesday, 24/04/2024 | 16:00 GMT by Pedro Ferreira
Payments

Nium and Artajasa Join Forces to Simplify Cross-Border Payments in Indonesia

  • The company wants to facilitate real-time transfers between Indonesia and the world.
  • The collaboration is part of Nium's ongoing expansion in the Asia-Pacific region.
Tuesday, 23/04/2024 | 08:20 GMT by Damian Chmiel
Interviews

“Many Payments Firms Are Already Using Stablecoins”: Neo’s CEO

  • Laurent Descout recently sat down with Finance Magnates, discussing trends and challenges in cross-border payments.
  • “We have many other payment companies and clients using stablecoins at some point in the payments chain.”
Thursday, 18/04/2024 | 13:40 GMT by Arnab Shome
Payments

NatWest Collaborates with StoneX to Expand Cross-Border FX Capabilities

  • The collaboration aims to utilize StoneX's platform and bank network to offer competitive FX rates.
  • The payment service will provide clear transaction details from the outset for precise fund delivery.
Wednesday, 17/04/2024 | 08:33 GMT by Tareq Sikder
Payments

How Specialization is Streamlining Cross-Border Payments

  • A look into Inpay's global sprint.
Tuesday, 16/04/2024 | 16:00 GMT by Pedro Ferreira
Payments

Mastercard and Equity Bank Collaborate for Cross-Border Transactions

  • The recipients benefit from full value assurance with no landing fees in this collaboration.
  • Sub-Saharan Africa received $53 billion in remittances in 2022, vital for its economy.
Thursday, 11/04/2024 | 13:22 GMT by Tareq Sikder
Payments

The Fault Lines of Finance and the Race for Digital Hegemony in the CBDC Era

  • Critical questions about the future of international finance.
Monday, 08/04/2024 | 16:00 GMT by Pedro Ferreira
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