The Baltic region, with a population of over 6 million, has grown into a thriving FinTech hot spot in Europe and a regional frontrunner in digital payments adoption. And when it comes to real-time payments, countries in the region were among the first to join...
In today’s top payments news around the world, Mastercard and ACI Worldwide are teaming to advance real-time payments in Peru, while TransferWise is changing its name to Wise. Plus, UK Finance is looking at international expansion for financial services in the country. Mastercard, ACI Worldwide...
In today’s top news, M&T Bank has agreed to acquire People’s United for $7.6 billion, and restaurant POS provider Toast is mulling an IPO. Plus, Transferwise is rebranding to Wise to reflect the company’s broadening services. M&T Bank Closes In On $7 Billion Acquisition Of...
TransferWise will change its name to simply Wise, a press release says, which will reflect the broader change of the company beyond its original roots as a money transfer company. Wise was initially launched in 2011 with just money transfer services. However, its services have expanded...
January 28, 2021
Here’s a topic for debate. Resolved: The highest priorities for banks and credit card companies in today’s payments landscape are cross-border payments, relationships with FinTechs and cloud-based technology. It would be a spirited debate and one that frequently plays out among the executives that color the content of pages. However, it’s hard to believe Visa […]
October 15, 2020
Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. These difficulties are...
November 06, 2019
Recurring payments and commerce are taking the world by storm as businesses seek to expand their global operations, and consumers of all types get more comfortable with online subscriptions. However,...
November 29, 2024
FinTech Wise reportedly has implemented a European regulator’s recommendations to bolster its anti-money laundering (AML) programs. Wise was forced into a formal remediation plan after the National Bank of Belgium found in 2022 that there was a shortcoming in its AML controls, the Financial Times (FT) reported Thursday (Nov. 28). The National Bank of Belgium supervises the London-listed […]
February 22, 2021
TransferWise will change its name to simply Wise, a press release says, which will reflect the broader change of the company beyond its original roots as a money transfer company. Wise...
January 27, 2021
Visa has debuted a new global partnership with TransferWise after working together on the new Visa Cloud Connect program, allowing FinTechs a new way to securely connect with the cloud, according to an...
January 21, 2021
British payments group TransferWise will file its anticipated initial public offering (IPO) with joint coordinators Goldman Sachs and Morgan Stanley, two of the biggest U.S. banks, Sky News reported on Thursday...