Since the inception of global trade, the world’s financial systems have largely talked past and around each other. The reason? Diverse payment systems and communication protocols across countries and financial institutions have led to fragmentation and a lack of standardization across the world’s economies and...
Cross-border finance FinTech AstroPay has introduced its multicurrency wallet. The new offering, announced by the London-based company Tuesday (Dec. 17), is aimed at simplifying how users manage money across borders. “We’re making it easier for users to manage their money and take control of their...
CARD.com now enables its users to make cross-border payments via Visa Direct. This offering results from a collaboration between CARD.com, which is a FinTech specializing in mobile banking and card payments, and Visa, the companies said in a Monday (Dec. 16) press release. CARD.com users...
In cross-border payments, getting paid isn’t just a matter of when — it’s a matter of how. News broke onWednesday (Dec. 11) that financial platform Loop, in collaboration with EQ Bank, launched the Loop Global Visa Card to enable small- to medium-sized businesses (SMBs) to spend...
Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments. But with the news Thursday (Dec. 5) that the U.S. licensed FV Bank is now supporting direct USDT stablecoin deposits to simplify cross-border transactions by reducing reliance on traditional wire transfers...
Global financial messaging network Swift said earlier this year that it was working with 25 financial institutions (FIs) and application providers on a “proof of value” initiative focused on improving front-end interactions, where the lower-end value transactions (defined as payments below the $100,000 threshold) is...
Cross-border payment platform dLocal can now facilitate Pix payments directly within the Open Finance ecosystem, without redirecting users to bank apps. The company gained this ability by becoming a certified Payment Initiation Service Provider (PISP) in Brazil, authorized by the Central Bank, dLocal said in a Tuesday...
The Treasury Department is pushing for frameworks and international standards for cross-border transactions — because if those foundations are not in place, risks abound. And, with those frameworks in place, it is the private sector that will accelerate the transformation of the ways and means...
The U.S. is working to keep the dollar as the dominant currency in global usage at a time when new cross-border payment arrangements are emerging, Department of the Treasury Assistant Secretary for International Finance Brent Neiman said Tuesday (Nov. 19). In remarks prepared for delivery at a conference hosted...
