Payments News

On The Web

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UniCredit and JP Morgan Employ Swift Go for Payments Between Europe and US

“Utilising the banking cooperative’s low value remittance solution, UniCredit and JP Morgan have partnered to allow small businesses and consumers send fast and secure near real-time cross border payments at a competitive price with Swift Go. Swift Go enables banks to provide their end customers with transparent payments services with upfront visibility on processing times […]
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On The Wires

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Payfare, Wise to Bring First International Money Transfer Capabilities to the North American Gig Workforce

“Payfare (TSX: PAY) and Wise (LSE: WISE), the global technology company building the best way to move money around the world, today announced plans to bring fast, low-fee and secure international money transfer capabilities to Payfare’s digital banking app in 2022. The partnership will bring together the leading instant payout and digital banking solution for contract workers, […]
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Mastercard and Previse Speed Business Payments Globally

“Mastercard and Previse today announced the integration of Mastercard Cross-Border Services – a global push payments platform that enables funds to be sent seamlessly, securely and with certainty to any account – into Previse’s InstantPay platform. The collaboration will enable instant payments to suppliers in over 100 markets globally. In today’s environment, cash flow is […]
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Veem Partners With Visa to Enhance Domestic and Cross Border Money Movement

” Veem, the global payment network for small-to-midsize businesses, today announced a collaboration with Visa, the world’s leader in digital payments. Now, over 400,000 of Veem’s customers will have access to a new SMB Visa card program1 and digital money movement capabilities through Visa Direct, Visa’s real-time2 push payments platform. Veem clients will have the ability to […]
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SWIFT Go Builds Momentum As 100+ Banks Sign Up for Service That Powers SME and Consumer Payments

“SWIFT today announces that 100 banks around the world have signed up for SWIFT Go since it went live in July, underscoring strong demand for the service that enables small businesses and consumers to send fast, predictable, highly secure and competitively priced low-value cross-border payments from their bank accounts. Ten banks are already live with […]
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EBA CLEARING, SWIFT and The Clearing House Join Forces to Speed up and Enhance Cross-border Payments

“With the support of banks from both sides of the Atlantic, EBA CLEARING, SWIFT and The Clearing House (TCH) have joined forces to make cross-border payments as seamless as the fastest domestic payment options. The three private-sector, member-owned companies have completed a proof of concept as part of a new initiative, Immediate Cross-Border Payments (IXB), […]
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Domains

Singapore’s PayNow and Malaysia’s DuitNow to Link in 2022

“The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. The first phase of the PayNow-DuitNow linkage will be launched in the fourth quarter of 2022. This will allow customers of participating financial institutions to make real-time […]
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Domains

DBS Introduces Real-time Digital Cross-border Incoming Payment Tracking for All Corporate and SME Clients

“DBS has launched real-time online tracking for cross-border collections for businesses in India in partnership with SWIFT Global Payments Innovation (gpi). DBS is the first bank in India and Asia-Pacific to offer this service to clients, which is expected to benefit close to 4000 corporate and SME clients in India, with numbers expected to grow further. The new DBS SWIFT gpi incoming […]