Payments News

On The Web

nbsp;

Deals

Cross-border Fintech Startup Airwallex Raises $100M at a Valuation of Over $1B

“Australia-based Airwallex is the latest tech startup to enter the billion-dollar “unicorn” club. The company announced today that it has closed a $100 million Series C round that values its business above $1 billion. Started in Melbourne in 2015 by four Chinese founders, Airwallex provides a service that lets companies manage cross-border revenue and financing […]
nbsp; nbsp;

Domains

BMO and Mastercard Partner to Accelerate Global Payments

“Mastercard has entered an agreement with BMO Bank of Montreal to implement Mastercard Send, which will allow faster cross-border payments for its Canadian-based business and commercial banking clients, according to a company release. Mastercard Send will allow the bank to move cross-border payments to bank accounts in more than 75 countries worldwide. Initially focused on bank accounts, […]
nbsp; nbsp;

On The Wires

nbsp;

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.”
nbsp; nbsp;

Companies

“SWIFT announces the launch of an ‘in-flight’ payment investigation and resolution service, available in the cloud, in a significant expansion of its network-wide payments validation toolkit. The new capability allows for dynamic query handling between banks on the SWIFT network, enabling them to quickly resolve instances in which required operational, regulatory or compliance information is […]
nbsp;

Domains

WTO Members to Negotiate New Rules for Cross-Border E-Commerce

“Members of the World Trade Organization (WTO) are beginning negotiations to develop new rules for cross-border e-commerce, under an agreement announced early in 2019. The talks aim to bring global trade rules into the 21st century, negotiators say, and include a wide-range of issues such as customs barriers, cross-border data flows, intellectual property, and consumer […]
nbsp;

Domains

Remitly Partners With Visa to Enhance Cross-Border Money Transfer Service

“Today, Remitly announced an agreement to further modernize the sending and receiving of funds internationally by adding another fast, secure and transparent channel to the Remitly digital money transfer platform through Visa Direct , Visa’s real-time[1] push payments platform. Working together, Remitly and Visa plan to provide the ability to send funds from the United […]