Payments company Banking Circle has launched its BC Payments unit in Australia. The rollout, announced Monday (Aug. 28), is designed to offer FinTechs, banks and payments businesses in Australia with global payments solutions. “Having witnessed first-hand the frustration of Australian FinTechs losing access to global payment solutions,...
FinTech company Clara has reportedly launched a cross-border payments service in Mexico. The service facilitates international transactions by allowing clients to pay bills in foreign currencies, Reuters reported Monday (Aug. 21). While the users of the service in Mexico will be charged in pesos, the recipients of their payments...
Aleph, a global enabler of digital advertising, has launched Aleph Payments, a dedicated unit aimed at simplifying cross-border payments and credit underwriting. This move comes as the digital advertising industry is projected to reach $766 billion by 2025, with global remittance and cross-border payments estimated to...
Small- to medium-sized enterprises (SMEs) help economies across the world go ’round. But despite their significant contributions to global commerce, local SMEs have long been underserved by traditional financial institutions when it comes to their own cross-border payments and international expansion goals. “Most of the companies in...
The promise of technical innovations to transform legacy workflows is an easy one to understand. But implementing it successfully across entrenched workflows and processes is a little bit harder — particularly when those programs relate to the complex world of cross-border payments. “If I had...
The digital, connected economy knows no borders. The movement of money, however, is increasingly aware of them. Whether a company is already transacting internationally, or looking to enter a new market, the realities of cross-border payments can add layers of complexity to businesses’ commercial opportunities...
Payments infrastructure TerraPay has launched a cross-border remittance partnership with Kenyan telecommunications firm Safaricom. The collaboration, announced Wednesday (July 19), will operate through TerraPay’s remittance provider Mobex and let more than 30 million M-PESA mobile wallet-holders in Kenya send real-time payments to Bangladesh and Pakistan,...
As many as 20 countries may be part of a pan-African payment system by the end of the year. African Export-Import Bank (Afreximbank) President Benedict Oramah said the bank expects the Pan-African Payment and Settlement System (PAPSS) to have between 15 and 20 countries participating by that time, the Financial...
Visa and payment and treasury management platform Sunrate have teamed to boost its cross-border payment offerings. The partnership allows Sunrate customers to send and receive money directly to eligible Visa debit and prepaid cards, according to a Thursday (June 15) press release. “The appetite for quicker...
