Payments News

On The Web

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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

MoneyGram Expands Cross Border P2P Service With Visa Direct

“MoneyGram International, Inc. (NASDAQ: MGI ), a global provider of innovative money transfer services, today announced the expansion of its debit card deposit service internationally which it launched in collaboration with Visa through Visa’s real-time1 push payments platform, Visa Direct. This service is now available to Spain and the Philippines. As a result of the launch, MoneyGram is the first […]
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On The Wires

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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

Citi and PayPal Extend Partnership to Institutional Payments

“Citi clients will now have the added option of being able to pay directly into PayPal digital wallets via Citi’s WorldLink cross-border payments platform. As a result, clients will gain greater payment choice, flexibility, and speed when making global payments. PayPal customers will benefit by receiving associated funds fast, directly into their PayPal digital wallets.”
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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

Visa and Global Partners Expand Access to Cross-Border Payments for Consumers and SMBs

“In today’s connected world, moving money for consumers and businesses should be as simple and routine as sending a text message. Yet, in many cases, consumers and businesses still rely on manual, paper-based processes, high fees and cash to send money to friends, families and business partners. Through Visa Direct, a real-time1 push payment solution that […]
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Deals

Ripple Makes Investment in MoneyGram Equity to Complete Original Investment Commitment, Expansion of On-Demand Liquidity Accelerated

“MoneyGram (NASDAQ: MGI ), a global provider of innovative money transfer services, today announced that Ripple , a provider of leading enterprise blockchain solutions for global payments, has made the final $20 million investment in MoneyGram equity pursuant to Ripple’s original $50 million equity investment commitment made earlier this year.  Ripple purchased the newly-issued equity from MoneyGram at $4.10 per share, which represents […]