Payments News

On The Web

nbsp;

Domains

Is this Swift’s answer to Ripple?

“But lately Swift, which once considered Ripple and other tech company rivals an existential threat, has struck a more confident tone. Swift says the progress it is making with so-called global payments innovation, or GPI — technology that lets banks see where their payments are at all times, and that comes with rules around response […]
nbsp;

Domains

Two Remittance Firms Go Live With Ripple-Based Payments to Thailand

“Remittance firms UAE Exchange and Unimoni have gone live with blockchain-based payments using Ripple technology. Finablr, which owns the two brands, announced Sunday that “real-time” cross-border remittances using RippleNet are now live, starting with payments for its international customers to Thailand. Other destination countries are expected to be added going forward.”
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;

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;

On The Wires

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 […]
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;

Domains

Global Payment Processor Veem Introduces First and Only Rewards Program for International Payments to Celebrate 100,000th CustomerVeem, the simplest possible way for businesses to send money around the world, celebrated reaching 100,000 customers in 96 countries, by launching a first-of-its-kind rewards program, VeemRewards. The VeemRewards program gives businesses cash back for managing their business payments through Veem and ditching outdated bank wires. “

“Veem, the simplest possible way for businesses to send money around the world, celebrated reaching 100,000 customers in 96 countries, by launching a first-of-its-kind rewards program, VeemRewards. The VeemRewards program gives businesses cash back for managing their business payments through Veem and ditching outdated bank wires.”