Payments News

On The Web

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Wirecard releases Visa card for Chinese tourists

“Wirecard and Ctrip, the online travel agent in China, are co-launching multi-currency Visa cards, which support seven currencies, eliminating the need to exchange currency abroad. The Ctrip branded Visa cards will be issued by Wirecard and offered to all Chinese Ctrip customers. Ctrip currently has 110 million active monthly users in China.”
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Domains

Two Remittance Firms Go Live With Ripple-Based Payments to Thailand

“Remittance firms UAE Exchange and Unimoni have gone live with blockchain-based payments using Ripple technology. Finablr, which owns the two brands, announced Sunday that “real-time” cross-border remittances using RippleNet are now live, starting with payments for its international customers to Thailand. Other destination countries are expected to be added going forward.”
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Domains

Is this Swift’s answer to Ripple?

“But lately Swift, which once considered Ripple and other tech company rivals an existential threat, has struck a more confident tone. Swift says the progress it is making with so-called global payments innovation, or GPI — technology that lets banks see where their payments are at all times, and that comes with rules around response […]

On The Wires

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ACI Worldwide Propels National Bank of Kuwait to Become Country’s First Bank to Implement SWIFT gpi

“ACI Worldwide, the first certified vendor of SWIFT gpi solutions and a SWIFT partner for more than twenty years, enables banks around the world to take full advantage of real-time, cross-border payment opportunities with a direct connection into the SWIFT central database to monitor inbound and outbound gpi transactions. The gpi Data Service and gpi Connect capabilities are available […]
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Domains

Bill.com Eliminates Wire Transfer Fees for Businesses Paying Internationally in Local Currencies

“Bill.com, the digital business payments leader, today announced it is eliminating wire transfer fees for businesses paying electronically in local currencies using its International Payments solution. Businesses can now save time and even more money on the payments process while managing all their domestic and international payments in one simple workflow platform.”
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Global Payment Processor Veem Introduces First and Only Rewards Program for International Payments to Celebrate 100,000th CustomerVeem, the simplest possible way for businesses to send money around the world, celebrated reaching 100,000 customers in 96 countries, by launching a first-of-its-kind rewards program, VeemRewards. The VeemRewards program gives businesses cash back for managing their business payments through Veem and ditching outdated bank wires. “

“Veem, the simplest possible way for businesses to send money around the world, celebrated reaching 100,000 customers in 96 countries, by launching a first-of-its-kind rewards program, VeemRewards. The VeemRewards program gives businesses cash back for managing their business payments through Veem and ditching outdated bank wires.”
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Domains

Western Union Digital Money Transfers Now Live in South Korea via kakaobank Mobile App

“With the integration of Western Union’s cross-border functionalities with kakaobank’s mobile banking app, over 7.6 million kakaobank customers can now seamlessly send and receive international money transfers directly from their mobile phones, 24/7. kakaobank customers in Korea have the choice to send money directly into more than half a million Agent locations in more than […]