“A new survey released today by non-profit Stellar Development Foundation and UK-based cryptocurrency payments platform Wirex has revealed a heightened awareness, and increasing use and acceptance, of cryptocurrencies for cross-border payments in four key developed and emerging countries — United States, United Kingdom, Mexico and Singapore — indicating that crypto is being used for sending money to, and from, emerging markets in the form of remittances, or money sent by people working overseas to their families back home.”

“Santander’s SME and corporate clients in Spain, from today, will be able to make immediate international payments to recipients in Brazil, in Brazilian Real, through the One Trade solution. Part of PagoNxt’s Trade business unit, the One Trade solution will allow international transfers to be completed in minutes, allowing senders to comply with FX documentation requirements, while the recipients are spared from closing or signing local FX contracts – as BRL will automatically be credited to the local account.”

“Nium , a global leader in modern money movement, today introduced a new brokerage payments solution that offers international financial institutions (FIs) a faster and more cost-effective method of settling transactions to select U.S. brokerages enabling customers to easily invest in U.S. equities. When compared to transactions settled via the SWIFT International Payments Network, Nium lowers settlement costs for Financial Institutions by up to 90% for international brokerage account transactions.”

“Meet Atlantic Money , a foreign exchange startup that plans to be cheaper than other foreign exchange services. If that pitch sounds familiar, that’s because Wise , the company formerly known as TransferWise, originally appeared on the startup scene with the same promise. And yet, Atlantic Money thinks that even Wise and Revolut are too expensive. According to the company, they try to do too many things at once and they end up charging customers for things they don’t need.”

“Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced that it partnered with Corpay, a FLEETCOR brand that provides integrated cross-border payments and currency risk management solutions. This partnership will expand Sila’s cross-border payment capabilities and access to global FX markets for its customers by providing them with access to 145+ currencies in over 100 countries. Customers will be able to seamlessly move between domestic and international payment options even more so than before.”

“Global payments network EMQ launches real-time payments to Pakistan in a drive to bolster its payment capabilities across South Asia, with more markets underway. This extends EMQ’s network infrastructure deeper into the domestic market, providing customers worldwide with real-time payouts to mobile wallets, bank accounts or cash pick-up in Pakistan, while making financial services more affordable, transparent and accessible across the emerging economic corridors.”

“A group of Swift veterans have unveiled a global payment addressing service for banks and fintechs that promises to make transferring money around the world as easy as sending a text message. Founded by three former Swift staffers, iPiD (International Payments Identity) has built a service – with partner Palo IT – that enables users to make cross-border payments anywhere in the world using only a simple proxy, such as phone number, for the payee’s identity.”