August 15, 2024
Airwallex Payments Processing Volume Jumps 73% to Break $100 Billion

Payments platform Airwallex says its yearly processing volume has exceeded $100 billion. That marks an increase of 73% year over year, the Australian company announced in a Thursday (Aug. 15) press release. The company...

August 14, 2024
Corpay Teams With Finzly to Streamline Foreign Exchange Payments

Payments solutions firm Finzly says it has launched a partnership with corporate payments company Corpay. The collaboration, announced Wednesday (Aug. 14), combines Finzly’s foreign exchange (FX) payment platform and Corpay...

August 14, 2024
This Week in Web3: Blockchain Looks to Create, Not Just...

Blockchain, at this point a significant industry, perpetually appears to be on the verge of mainstream acceptance. Its promise of delivering benefits such as easier access to financial products and...

August 14, 2024
EU Banks Have ‘Serious Concerns’ About UK Transaction Fee Cap

European banks reportedly have issues with the U.K.’s plan to cap international digital transaction fees. A pair of trade organizations — the European Banking Federation and Payments Europe — say the proposal by the...

August 14, 2024
Mastercard and MetaMask Team to Launch Crypto-to-Fiat Card

Mastercard has launched a crypto-to-fiat card with Web3/blockchain platform MetaMask and cryptocurrency payments firm Baanx. The MetaMask Card, announced Wednesday (Aug. 14), lets MetaMask wallet customers use crypto for everyday...

August 13, 2024
DBS and Ant International Test Blockchain-Powered Treasury Management Solution

DBS and Ant International have launched a pilot of a blockchain-powered treasury and liquidity management solution designed to enable Ant International to reduce the settlement of intragroup transactions from days...

August 13, 2024
Citi: Faster Payments Help Treasurers Extract ‘Last Drop’ of Liquidity...

Corporate treasurers once were relegated to the back office, manipulating spreadsheets, preparing audits, handing printed reports off to more senior management — the folks charting the company’s course ahead. But...

August 12, 2024
Fed Action Against Customers Bank Underscores Crypto’s Challenges

Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only...

August 12, 2024
Wise Resumes Signing Customers in India to Tap $32 Billion...

Money transfer firm Wise is reportedly hoping to tap India’s $32 billion remittance market. To that end, Wise plans to begin signing up new customers in the world’s most populous nation after pausing that...