cross-border payments

Cross-border payment is a term referring to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.

Source: kantox.com

Conduit Raises $36 Million to Promote Cross-Border Stablecoin Payments

Conduit Raises $36 Million to Promote Cross-Border Stablecoin Payments
Conduit Raises $36 Million to Promote Cross-Border Stablecoin Payments
May 28, 2025  |  Investments

Stablecoin-focused cross-border payments platform Conduit says it has raised $36 million in new funding. The company’s Series A round, announced Wednesday (May 28), included participation...

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Remitly CEO Says Digital Driving Remittances to New Heights Amid Economic Uncertainty
Remitly CEO Says Digital Driving Remittances to New Heights Amid Economic Uncertainty
May 28, 2025  |  Cross-border Payments

Uncertainty is the watchword of the current global macroeconomic environment. Tariffs are being raised, lowered, paused. GDP is slowing, almost no matter where you look....

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China Wants Banks to Up Yuan Use in Cross-Border Transactions
China Wants Banks to Up Yuan Use in Cross-Border Transactions
May 26, 2025  |  Cross-border Payments

China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions. The People’s Bank of China has increased the base ratio for...

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Administration’s Tax Bill Includes 3.5% Levy on Migrant Remittances
Administration’s Tax Bill Includes 3.5% Levy on Migrant Remittances
May 25, 2025  |  Cross-border Payments

It could soon cost more for migrants in the U.S. to send money back home. As the Financial Times (FT) reported Sunday (May 25), that’s...

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Trans-Fi Launches Cross-Border Payments Platform With AI-Powered Dynamic Routing
Trans-Fi Launches Cross-Border Payments Platform With AI-Powered Dynamic Routing
May 23, 2025  |  Cross-border Payments

Global payment infrastructure firm Trans-Fi has launched a unified platform called BizPay that enables instant, compliant cross-border transactions with more than 250 payment methods across more than...

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CIMB Bank Selects ACI’s Solution to Create ISO 20022-Compliant Platform
CIMB Bank Selects ACI’s Solution to Create ISO 20022-Compliant Platform
May 23, 2025  |  Banking

Malaysia-based CIMB Bank has selected ACI Worldwide’s payment solution to bring together all account-to-account (A2A) transactions on a single platform. The platform will include automated clearing house...

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UK’s Banking Circle Gives Visa Access to Its Local Clearing Rails
UK’s Banking Circle Gives Visa Access to Its Local Clearing Rails
May 22, 2025  |  Partnerships

Payments bank Banking Circle launched a partnership with Visa’s Visa Direct. This collaboration lets Visa Direct access Banking Circle’s “extensive” local clearing rails around the...

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OpenFX Raises $23 Million for Real-Time Cross-Border Payments Platform
OpenFX Raises $23 Million for Real-Time Cross-Border Payments Platform
May 22, 2025  |  Cross-border Payments

OpenFX has emerged from stealth and announced that it raised $23 million in initial funding for its real-time cross-border payments platform and settlement network. The...

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