Payments News

On The Web

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Domains

Bill.com Expands International Payments Footprint to More Than 130 Countries, Facilitating Payments in More Than 100 Currencies

“Today Bill.com , a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations, announced it now supports international payments to 137 countries and 106 currencies. Since the beginning of the year, Bill.com says that the number of transactions it processes increased 216 percent and total payment volume increased 258 percent. […]
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Domains

SWIFT Launches Global Instant Payments Service Using GPI

“SWIFT has announced the launch of a new service in which it will deliver global instant payments this Monday. The payments giant has achieved this by integrating its cross-border payments service, gpi ( Global Payment Initiative ), into domestic instant payment systems. Together with gpi banks, SWIFT will facilitate instant international payments through a combination […]
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Domains

Russia, China & India to Set up Alternative to SWIFT Payment System to Connect 3 Billion People

“Members of the BRICS trade bloc Russia, India, and China have decided to connect their financial messaging systems to bypass the SWIFT international money transfer network. Russia’s financial messaging system SPFS will be linked with the Chinese cross-border interbank payment system CIPS. While India does not have a domestic financial messaging system yet, it plans […]
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Domains

Brightwell Teams With Travelex to Offer Cash on Cruise Ships

“Travelex will manage the cash distribution of numerous currencies to over 75 ATMs provided by Brightwell on cruise ships throughout the world, according to a company press release. The partnership allows crew members to easily and securely access cash onboard while also bringing cash access to passengers. While cruise lines do offer employees free room, […]
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On The Wires

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SnapPay Supports Alipay and Wechat Pay for Canadian and US Merchants

“SnapPay, Inc. , provider of international payment solutions, today announced how small and independent businesses can easily offer popular Chinese mobile payment applications, Alipay and WeChat Pay . Offering Chinese mobile payments provides small businesses in North America the opportunity to secure substantial incremental revenue and drive customer loyalty. With SnapPay’s payment gateway, retailers and […]
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Domains

Mastercard and R3 Partner to Develop New Blockchain-Powered Cross-Border Payments Solution

“Earlier this year, Mastercard strengthened its cross-border network reach with its acquisition of Transfast . Today’s announcement complements the company’s formidable capabilities by providing access to R3’s Corda ecosystem, which includes more than 300 of the world’s leading financial services firms, technology companies, central banks, regulators and trade associations.”
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Domains

Citi® Supplier Finance Launches With WorldLink® Payment Services

“Citi’s Treasury and Trade Solutions (TTS) has launched an enhanced Citi Supplier Finance offering, now with WorldLink® Payment Services (WorldLink), providing our clients access to the combined strength of two powerful, industry-recognized platforms. Leveraging one single point of implementation, this virtual interface delivers a streamlined setup and the opportunity for clients to transact across multiple major […]
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Domains

Ingenico Launches Full Suite of Chinese Payment Methods for International Ecommerce Players

“As 82% of the local Chinese population are unique mobile users, Ingenico has partnered with leading mobile payment platforms, Alipay and WeChat Pay, as well as with local card scheme UnionPay. Ingenico is one of the very first international payment service providers (PSP) to support all use cases for WeChat Pay, including the capability to […]
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Domains

Samsung Pay and Finablr Announce Cross-Border Payments Partnership

“Finablr PLC , a global platform for payments, and Samsung Electronics America today introduced the Money Transfer feature in Samsung Pay. This new in-app international money transfer service, a first of its kind in the U.S., offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s […]