Companies

Latin American Payments Provider DLocal Explores Potential Sale

Yahoo Finance

“DLocal Ltd., a provider of payments services to businesses in emerging markets, is exploring options including a potential sale, according to people familiar with the matter.”

Tags: dLocal

Companies

Visa Invests in Borderless Money-Movement Network

Yahoo Finance

“While the real-time settlement schemes like FedNow attract attention from banks and payments providers in mature markets, a race to connect underserved consumers to digital wallets is taking shape in emerging markets.”

Tags: Visa

Industry

Electronic Payments Coalition (EPC) Q1 2023 Data Dashboard

Electronic Payments Coalition

“The Electronic Payments Coalition (EPC) released its 2023 Q1 Data Dashboard highlighting the emerging trends within the credit and debit markets. Newly released data featured in the Q1 Data Dashboard show that as a share of purchase volume, credit interchange and merchant discount rates have remained stable for the past seven years. In 2022, the […]

Companies Glenbrook

The Real-Time Payments Network Is Here to Stay

Modern Treasury

“Financial expert Cici Northup has spent the past decade designing and implementing real-time payment systems in emerging markets in countries across Africa and Asia. “It’s a broad term, ‘real-time payments,’” Northup recently told Modern Treasury. “But it showcases the general swing we’re seeing in payments where funds are made available to end users immediately, on […]

Tags: Glenbrook Partners Modern Treasury

Global

dLocal’s For Platforms Brings a Unified Payment Solution for eCommerce Marketplaces, Ride-Sharing Solutions, and Social Media Platforms

EIN News

“dLocal, a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced the official launch of a new all-in-one payment solution to manage global platform payments in one place. dLocal for Platforms is an end-to-end payment solution for marketplaces, on-demand services, and any other platform business models.”

Global

UK Fintech Tintra Selects Temenos to Power AI-Led Inclusive Banking for Emerging Markets

Temenos

“Tintra PLC, a London-headquartered Deep Tech and Banking company, has selected Temenos to power its innovative new bank designed solely for emerging market clients. Tintra will be using Temenos core banking platform and market-leading payments as well as its Financial Crime Mitigation solution. Tintra’s mission is to create true fiscal inclusion in trade and finance […]

Companies

Qenta, Inc. Unveils First Comprehensive Financial Services and Technology Platforms for Emerging Markets

PR Newswire

“Qenta, Inc., a financial services and infrastructure platform with cutting-edge technology and a proprietary enterprise-grade blockchain, the Qenta Operating System, today unveiled an enhanced and integrated suite of financial solutions. With a focus on Africa, Latin America, Asia Pacific, and Central and Eastern Europe, Qenta offers tokenized assets, multi token wallets for digital banking, cashless […]

Tags: Quenta

Global

Mojaloop Foundation Launches the Mojaloop CBDC Center of Excellence in Singapore

businesswire

“The Mojaloop Foundation today announced the launch of its Mojaloop Central Bank Digital Currency (CBDC) Center of Excellence (COE) in Singapore to advance financial inclusion in emerging markets. In addition, the Mojaloop Foundation announced the appointment of Nick Drury, a seasoned executive with nearly 25 years of experience innovating payments technology to drive inclusion, as the Mojaloop CBDC COE Director. […]

Tags: Singapore

Companies Global

OPay Was Approved by The Central Bank of Egypt to Issue Prepaid Cards to Help Digital Finance Reform in Emerging Markets

prnewswire

“Emerging market fintech unicorn OPay has received preliminary approval from the Central Bank of Egypt (CBE) on April 13 to partner with Masria Digital Payments (MDP), Egypt’s largest card provider, to issue prepaid cards in Egypt. OPay plans to issue 200,000 prepaid cards in the first phase, which will provide Egyptian users with convenient and fast non-bank financial services and promote the […]

Tags: Egypt

Domains

Fed up With Fees? Crypto Use Is Growing for Cross-border Payments – Survey | ZDNet

ZDNet

“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 […]

Tags: Cross-border payments

Global

BigCommerce Partners With dLocal to Expand Their Presence in Latin America

“dLocal, the leading payment platform connecting global merchants to emerging markets, today announced their strategic partnership with SaaS eCommerce platform BigCommerce. Under the new partnership, dLocal will power cross border and local-to-local payments to support BigCommerce’s global expansion in Latin America.”

Domains

EMQ Enables Real-time Cross-border Payments to Pakistan

“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 […]

Tags: Cross-border payments

Domains

EMQ Delivers Real-Time Payments Across South Asia

“Global payments network EMQ today announced that it has significantly augmented its real-time cross-border payments across South Asia, including direct access to Nepal and India’s Immediate Payment Service (IMPS), with Unified Payments Interface (UPI) and additional markets in the pipeline. These major enhancements provide a more transparent and cost-efficient payments solution for our customers worldwide, […]

Tags: Cross-border payments

Deals

Tribal Raises $60M in Oversubscribed Series B Led by SoftBank Latin America Fund

“Tribal , a B2B payments and financing platform for emerging markets, has raised $60M in Series B funding led by SoftBank Latin America Fund .”

Domains

Tribal Credit, Bitso, Stellar Development Foundation Partner to Enable Faster, Cheaper Int’l B2B Payments in LatAm

“Tribal Credit , a B2B payment and financing platform for emerging markets, is joining forces with leading Latin American crypto exchange, Bitso , and the Stellar Development Foundation (SDF), to create instant and cheaper cross-border payment services between Mexico and the US. Tribal Credit’s new cross-border payment service enables companies in Mexico to send B2B […]

Tags: Cross-border payments