Payments News

On The Web

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Domains

Central Banks of China, UAE Join Hong Kong-Thailand CBDC Payments Project – CoinDesk

“The Hong Kong Monetary Authority and the Bank of Thailand have announced the central banks of China and the United Arab Emirates are joining a project looking to use blockchain tech for regional payments. The “Multiple Central Bank Digital Currency Bridge” (m-CBDC) project will explore the capabilities of distributed ledger technology (DLT) through the development […]
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Domains

Payment Innovation: You Can Now Track International Payments Like Parcels

“iBanFirst, a global financial services provider delivering solutions across banking borders, has launched its ‘Payment Tracker’ – a real-time payment-tracking service that sets new transparency standards for the payments industry. Rolled out to both payers and payees, this unique feature provides live updates on the status of international payments at any stage of the fund transfer […]

On The Wires

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Deals

Routefusion Secures $3.6 Million Seed Round

“Routefusion , a financial technology company focused on providing the easiest and fastest way for tech companies to embed cross-border payments in their applications, announced today it has secured $3.6 million in seed funding from venture capital firms in Austin, TX, and San Francisco, CA.  The Austin-based company’s round was led by Silverton Partners with additional participation from Initialized Capital […]
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Domains

OANDA Adds New Cross-border Payment Solution for Companies in North America

“A global leader in online multi-asset trading services and currency data and analytics, OANDA has joined forces with Currencycloud , a leading provider of B2B embedded cross-border solutions, to deliver a new international money transfer service to companies in North America. Called OANDA FX Payments, the new solution has been made possible through a joint collaboration […]
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Domains

Volvo Financial Services Chooses Payer to Optimize Payments and Improve the Customer Experience

“International transport companies face payment challenges in an increasingly globalized world. Both workshops and haulers have a common interest in smooth and secure payment flows to quickly ensure service and repair. As an important partner in one of Volvo Financial Services’ new payment solutions, Payer was commissioned to integrate its platform and secure the payment […]
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Domains

Veem Enhances Multi-Rail Payment Technology, Offering More Choice to Small Business Owners

“Veem , a leading provider of online payment solutions for small-to-midsize businesses, today announced core enhancements to its domestic and international routing technology. Following a successful year of growth for the financial technology firm, these enhancements will improve the way businesses pay and get paid within the US and around the world.”
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Companies

BofA Launches Cross-Border Payment Tracker, Expands SWIFT gpi Support to 140+ Currencies

“Bank of America, a charter member of SWIFT Global Payments Innovation (gpi), announced today the launch of a CashPro® self-service tool that allows clients to have real-time visibility into their international payments. Accessible through the bank’s integrated platform, CashPro , the SWIFT gpi module brings to life a wealth of cross-border payment data facilitated by […]
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Domains

TransferMate secures back-to-back licence approvals in South America

“TransferMate, one of the world’s leading cross-border B2B technology payments providers, has today announced its first two payments licences in South America with approvals in Brazil and Chile. The news marks a major achievement in the company’s strategic mission to provide customers and partners with one of the widest regulated payments networks in the industry.”
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Companies

TransferGo and Mastercard empower more European customers to make fast, simple and secure cross-border payments

“TransferGo and Mastercard today have announced a partnership that enables customers across 20 European countries to make international money transfers from any payment card or bank account directly to a Mastercard debit or credit card. Leveraging Mastercard Send™, TransferGo customers can now transfer money in real-time [1] to Mastercard card holders in 20 countries: Austria, […]
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