Global

Nium and Thredd Expand Partnership to Power B2B Travel Payments in APAC

PR Newswire

“Nium, the global leader in real-time cross-border payments, announced the expansion of its partnership with Thredd, a leading global payments processor, to issue virtual cards in the Asia Pacific (APAC) region.”

Tags: APAC

Global

Report Highlights Benefits and Challenges of Interlinking Fast Payment Systems for Cross-border Payments

Reserve Bank of Australia

“The Reserve Bank of Australia released a report analysing the benefits, design choices and challenges associated with linking fast payment systems across countries.”

Tags: Australia

Companies Global

The Danish Cross-Border Payments Provider Has Increased Annual Revenues by 23% to €60M

Fintech Intel

“Inpay, the Danish cross-border payments provider announced strong annual results for 2023…In 2023, Inpay integrated 18 new local markets into its cross-border payments offering.”

Tags: Denmark Inpay

Companies

Verituity Joins Forces With Mastercard to Accelerate Secure Domestic and Cross-Border Payouts

Verituity

“Verituity announced the integration of Mastercard Move, Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers.”

Tags: Mastercard Verituity

Companies

Project Agorá: Central Banks and Banking Sector Embark on Major Project to Explore Tokenisation of Cross-Border Payments

BIS

“Project Agorá will explore how tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms can improve the monetary system.”

Tags: Bank for International Settlements

Companies

New Mastercard Report Reveals Key Trends & Opportunities to Digitize Remittances in Latin America and the Caribbean

Mastercard

“Mastercard released a whitepaper on the state of remittances, also known as cross-border payments, in Latin America.”

Tags: Mastercard

Companies

Thunes Announces Expanded Strategic Collaboration with Visa

Thunes

“Thunes, a cross-border payments company, announced its deepened strategic collaboration with Visa aimed at enabling new endpoints in key markets across Asia and Africa.”

Tags: Thunes Visa

Global

Australian Payments Chooses Swift to Develop Confirmation of Payee Service

Asset Servicing Times

“Australian Payments (AP+) has selected Swift to build a service that aims to reduce the risk of misdirected payments and increase defenses against payment fraud…Swift’s selection to develop the Confirmation of Payee service for the NPP aims to build on its capabilities in AI and data services, including payment pre-validation for cross-border payments.”

Tags: Australia

Global

UPI is Now Accepted in Nepal

NPCI

“NPCI International Payments Ltd, the international arm of National Payments Corporation of India (NPCI) and Fonepay Payment Service Ltd, Nepal’s largest payment network, have announced that Unified Payment Interface (UPI) is now live for cross-border transactions between India and Nepal.”

Tags: India

Industry

ABA, Associations: Cross-Border Payments Standards Would Disadvantage U.S. Banks

ABA Banking Journal

“The proposed industry standards by a Bank for International Settlements committee seek to promote greater interoperability in payments between entities in different countries…the associations said the proposal presents challenges for U.S. depository institutions and non-wire payment systems that facilitate cross-border payments.”

Companies

Visa and Mastercard Embrace Blockchain as Future of Payments

Techopedia

“Visa and Mastercard, which have a combined market share of more than 70% — are exploring blockchain for fast cross-border payments and cryptocurrencies for card payments and rewards.”

Tags: Mastercard Visa

Global

Major UPI Apps Enabled to Receive Remittances from Singapore via UPI-PayNow Linkage

NPCI

“The cross-border linkage between Unified Payments Interface (UPI) & PayNow is enabling Indians to receive instant, secure, and cost-effective remittances from Singapore-based Indian diaspora directly into their bank accounts.”

Tags: India Singapore

Companies

U.S. Faster Payments Council Explores the Practicalities of Cross-Border Payments in a Faster Payments World

Faster Payments Council

“The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.”

Tags: U.S. Faster Payments Council

Companies

StoneX Announces Adoption of Swift’s Payment Pre-validation Service

Fintech Finance

“StoneX has announced that it is one of the first financial organizations to enable Swift’s new leading-edge solution for cross-border payments.  Swift recently introduced its Payment Pre-validation service, which allows for the verification of beneficiary account details before initiating international payments.”

Tags: SWIFT

Companies

Evita Joins Forces With Layer2 Financial to Revolutionize B2B Cross-Border Payments

PR Newswire

“Layer2 Financial, a leading BaaS and payments infrastructure technology, is excited to announce a strategic partnership with Evita, a B2B cross-border payments solution specializing in large transactions.”