Circle Announces Payments Network to Transform Global Money Movement

Business Wire

“Circle Internet Group, Inc. announced Circle Payments Network (CPN) to connect financial institutions – banks, neo-banks, payment service providers, virtual asset service providers and digital wallets – and enable real-time settlement of cross-border payments using regulated stablecoins. CPN marks the next chapter in Circle’s evolution, extending beyond trusted stablecoins and developer platforms to power a […]

Companies

MoneyGram and Plaid Partnership Drives Seamless Global Payments

PR Newswire

“MoneyGram announced a new partnership with Plaid, the data network powering the fintech tools millions of people rely on to lead a healthier financial life. MoneyGram customers in the United States can now use Plaid’s technology to help authenticate their bank accounts, enabling fast and secure funding for both domestic and cross-border payments.”

Tags: MoneyGram Plaid

Global

China, Vietnam Promote Interconnectivity of QR Code Payments

YiCaiglobal

“China and Vietnam have agreed to promote cross-border QR code payments, based on the consensus reached by the two countries’ central banks on two-way connectivity cooperation. China UnionPay International, National Payment Corporation of Vietnam, Industrial and Commercial Bank of China, and Vietcombank, signed a deal on April 14 to promote reciprocal acceptance of QR code […]

Tags: China Vietnam

Companies

PayPal and TerraPay Partner to Expand Access to Cross-Border Payments across Middle East and Africa

TerraPay

“PayPal announced a strategic partnership with TerraPay, a leading global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. This partnership aims to drive economic growth by making cross-border transactions faster, easy to use and more accessible by connecting banks, mobile wallets, and financial institutions.”

Tags: PayPal

Companies

Amazon Onboards BRISKPE as PSP; Platform To Help to Indian Sellers Scale Globally

The Economic Times

“Amazon has recognised BRISKPE as a Payment Service Provider (PSP) and authorised it to provide cross-border payments on its marketplace. BRISKPE, backed by global investment firm Prosus, has rolled out the ‘Launchpad’, a new initiative aimed at transforming how Indian sellers expand globally, the payment service provider said in a statement on Friday.”

Tags: Amazon

Companies

Visa, USSC Money Services Enable Visa Direct for Cross-Border B2B Payments

Asian Banking & Finance

“Visa has partnered with USSC Money Services Inc. (UMSI) to launch Visa Direct in the Philippines. With Visa Direct, UMSI’s business clients can reportedly make faster cross-border outbound payments. Visa Direct facilitates the transfer of funds directly to eligible Visa Direct cards, bank accounts, and wallets in many jurisdictions around the world.”

Tags: Visa

Companies

Payments Without Borders: A New Era for Latin America

J.P. Morgan

“Latin America is undergoing a remarkable transformation in the payments industry, driven by a blend of innovation, collaboration and a shared vision for a more connected and efficient financial ecosystem. As the region embraces the future of payments, the focus is on creating seamless, real-time and cross-border payment solutions with technology, regional integration and the […]

Tags: JPMorgan Chase

Industry

Kraken Teams up With Mastercard To Introduce Crypto Debit Cards

CoinDesk

“Kraken is working with Mastercard to enable crypto holders in the U.K. and Europe to spend digital assets at over 150 million merchants worldwide. Kraken will introduce physical and digital debit cards for everyday transactions using crypto and stablecoins. The initiative is part of Kraken Pay, a service that debuted earlier this year for cross-border […]

Companies

PayPal All in on Cross-Border Digital Services

ECNS

“PayPal is doubling down on the cross-border digital payment sector in China, and will bring more advanced global products and services to the Chinese market to help Chinese merchants expand their presence in overseas markets. Last year, the company launched PayPal Complete Payments in China, integrating a suite of cross-border payment products and solutions tailored […]

Tags: PayPal

Global

European Payment Alliance Advances Instant Cross-Border Transactions

Regtech Africa

“The European Payment Alliance (EuroPA) has initiated a major shift towards instant cross-border payments by integrating mobile transfer schemes such as Italy’s Bancomat, Spain’s Bizum, Portugal’s MB WAY, and Iberia’s Sibs. This development allows users across Italy, Portugal, Spain, and Andorra to send and receive money instantly using mobile phone numbers.”

Global

Enhancing Cross-Border Payments in Europe and Beyond

European Central Bank

” Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the Regional Governors’ Meeting …The pressing need to enhance cross-border payments is not just a regional concern, it is a matter of urgency worldwide. As international transaction volumes have surged, outstripping GDP growth, the economic toll of inefficient cross-border payments has […]

Tags: Europe

Companies

Axis Bank launches 24/7 global USD clearing through Kinexys by J.P. Morgan

J.P. Morgan

“Axis Bank, one of the largest private sector banks in India, has become the first Indian-headquartered financial institution to launch near-real-time, 24/7 programmable USD clearing capabilities for its commercial clients, leveraging Kinexys Digital Payments (KDP), a unit of Kinexys by J.P. Morgan. By utilizing KDP, Axis Bank can offer its commercial clients optionality to leverage 24/7 cross-border payments while […]

Tags: JPMorgan Chase

Global

India Pushes To Ease International Payments Through Homegrown Network to Rival Visa, Mastercard

Yahoo Finance

“India is asking the Financial Action Task Force (FATF) to reduce compliance requirements for cross-border payments made through its homegrown system. Launched in 2016, the Unified Payment Interface (UPI) accounted for 83% of India’s digital payments volume in 2024. The government wants to increase the use of its own payments network by Indians travelling abroad, […]

Tags: India

Global

Ripple and Chipper Cash Join Forces to Unlock Faster and More Cost-Effective Crypto-Enabled Payments Across Africa

Ripple

“Ripple and Chipper Cash announced a partnership to support cross-border payments into Africa using Ripple Payments. By leveraging Ripple’s payments solution Chipper Cash, which has five million customers across Africa, will enable consumers to receive funds 24/7/365 – reducing the time and friction to make moving value into Africa more efficient.”

Industry

Digital Yuan: The New Era of Cross-Border Payments in Global Trade

Proshare

“In a move to redefine international finance, the People’s Bank of China (PboC) has announced that its digital RMB cross-border settlement system will be fully connected to the ten ASEAN nations and six Middle Eastern countries, implying that about 38% of global trade could bypass the US dollar dominated SWIFT network.”