Payments News

On The Web

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Domains

India’s Payments Firm MobiKwik Kick-starts Its International Ambitions With Cross-border Mobile Top-ups

“MobiKwik, a mobile wallet app in India that has expanded to add several financial services in recent years, said today it plans to enter international markets as it approaches profitability with the local operation. The company is kick-starting its overseas ambitions with cross-border mobile top-ups support. The 10-year-old firm said it has partnered with DT […]
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Domains

Visa Aims to Expand Beyond Cards With Launch of B2B Connect

“Phalen said that B2B Connect will look to offer businesses an advantage in speed, with a goal of completing the funds transfer on the transaction day or the day after. In many cases, high-value cross-border transfers take three to five days using alternative methods, he said. Visa hopes its hyperledger technology will also prove attractive […]
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Domains

SWIFT Calls for Participation From All for Future of Cross-border Payments | ZDNet

“Financial network SWIFT has described its vision for cross-border payments that aims to make them as seamless and convenient as domestic ones, with a white paper calling for a future that is instant, accessible, and ubiquitous. In its white paper Payments: Looking to the Future – Instant, Accessible, Ubiquitous (SWIFT – Engineering a payments revolution), SWIFT […]

On The Wires

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Domains

Buckzy Payments Announces Next Generation Real-Time Cross Border Payments Network for Financial Institutions

“While banking has evolved dramatically in the digital age, financial institutions have lagged when it comes to improving processes for cross border payments. Fortunately, Toronto-based fintech Buckzy Payments Inc. announces today its financial institutions network solution, enabling banks to offer next generation real-time cross-border payments capabilities to their customers.”
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Deals

PPRO Acquires Allpago to Become the Market Leader in Local Payments

“PPRO , the cross-border e-payments specialist, is today announcing the acquisition of Latin American payments provider allpago to create the world’s leading platform for local payments. Allpago is the preeminent provider of payment and gateway services in Latin America covering 90% of the market1. This expansion is a transformational step for PPRO to meet its […]
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Deals

Ripple Announces Strategic Partnership With Money Transfer Giant, MoneyGram

“Ripple, a provider of leading enterprise blockchain solutions for global payments, has agreed to enter into a strategic partnership with MoneyGram (NASDAQ: MGI), one of the world’s largest money transfer companies. Through this partnership, which will have an initial term of two years, Ripple would become MoneyGram’s key partner for cross-border payment and foreign exchange […]
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Domains

Canadian Fintech Launches Industry-leading Cross Border Bill Pay Solution for Financial Institutions

“Canadian fintech Buckzy Payments Inc. today announced an enhancement to its real-time cross border network by including real-time cross border bill pay through a single connection, solving a longstanding challenge to international bill payments. Despite many industry leaders attempting to find real-time cross border bill payment solutions, Buckzy is the first to present a functional […]
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Domains

WorldRemit Launches New Product for Business Payments to Ghana | Africanews

“Leading digital money transfer company WorldRemit ( www.WorldRemit.com ) has launched WorldRemit for Business (https://bit.ly/2wNtMPh), a new service that enables small and medium-sized business owners to quickly pay their employees and contractors in 140 countries worldwide, including fast-growing emerging markets such as Kenya, Ghana, and South Africa. The platform will first be available to U.K.-registered businesses.”