Payments News

On The Web

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Domains

Hong Kong Looks to Expand Cross-Border Tests of Digital Yuan

“Hong Kong is in talks with China to expand cross-border testing of the digital yuan after the first phase proceeded smoothly, another step toward wider adoption of the currency. The Hong Kong Monetary Authority recently conducted tests with the Digital Currency Institute of the People’s Bank of China, involving a bank designated by the mainland […]
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Domains

UAE Central Bank Taps Swift to Speed up Cross-border Payments

“The Central Bank of the UAE (CBUAE) announced that it has been working with SWIFT on an initiative to further enhance the speed and transparency of cross-border payments. The CBUAE will be the first central bank globally to implement such an initiative.The integration between the CBUAE’s domestic UAE Funds Transfer System (UAEFTS) and SWIFT’s ‘gpi […]
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On The Wires

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Domains

Alviere & Currencycloud Partner to Provide Multi-currency Cross-border Embedded Finance Solution

“Alviere, the New York-based embedded finance platform provider, has today announced a partnership with Currencycloud, a leading provider of B2B embedded cross-border solutions, to provide its enterprise-class clients with the functionality of Currencycloud’s Spark solution – a multi-currency e-wallet with individual IBANs that allows customers to pay, hold, convert and collect in as many as […]
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Companies

Citi Service Insights Launches on CitiDirect BE®

“Citi Treasury and Trade Solutions (TTS) launches Citi Service Insights (CSI) with SWIFT gpi Case Resolution integration. This new digital service provides clients with a centralized view to manage or close all their service inquiries globally and also allows clients to open several types of inquiries digitally. Previously, this was done through a combination of […]
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Deals

dLocal Closes New Investment

“dLocal , a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced $150M in new investment at a valuation of $5 billion. Alkeon Capital led the round alongside BOND, D1 Capital Partners, and Tiger Global. This latest investment follows the ones from General Atlantic, an early […]
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Domains

Banking Circle Launches Cloud Based Cross Border Payments Platform

“Banking Circle’s cross border payments platform has been built in-house and is based on microservices, meaning each part of the solution is independently deployable and highly maintainable. It delivers best-in-class payment processing times, achieved through a move away from batch-driven to event-based payments processing, while providing clients with real-time insight on the status of their […]
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Domains

MoneyGram Launches New Business Line, MoneyGram As a Service, for Enterprise Customers

“MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced the launch of ‘MoneyGram as a Service,’ a new business line that enables other companies to access its leading global money transfer network through its powerful API-driven infrastructure and best-in-class technology. With this launch, enterprise customers can now leverage the […]
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Deals

Airwallex’s Latest US$100 Million Capital Raising Puts Valuation at US$2.6 Billion

“Continuing the momentum of its hypergrowth in 2020, Airwallex today announced that the company’s valuation has increased to US$2.6 billion with a capital raising of US$100 million in a further Series D extension. Lifting Airwallex’s Series D funding to US$300 million, this latest tranche followed its initial Series D round in April 2020 during the pandemic, and the extension round […]