Payments firm Fiserv has won approval to expand its offerings in Singapore. The Monetary Authority of Singapore (MAS) has granted Fiserv a Major Payment Institution (MPI) license, allowing it to provide cross-border money transfer services and real-time account transfers, Fiserv announced in a Monday (Jan....
KLYM is reportedly raising $27 million to expand its working capital offering in Latin America. The Colombian FinTech, which was formerly known as OmniLatam, plans to use the new capital to expand in Brazil, Chile and Colombia and to start up in Mexico, Bloomberg reported...
For midmarket B2B firms, intelligent decision-making about how, and when, to move money is more challenging than ever. Patrick Gauthier, CEO of B2B FinTech Convera, told Karen Webster that as companies navigate supply chain pressures, inflation and rising interest rates — not to mention a...
As businesses look to expand abroad, digital modernization can stop bad history from repeating itself. Aging tech infrastructure and outdated software can hamstring critical business operations and lead to customer and vendor frustrations, even the eventual loss of their business. This, as “archaic” and “failing...
Australia-based FinTech Airwallex says its customers can now accept American Express as a payment method. The two companies announced their partnership Tuesday (Jan. 17) in a news release provided to PYMNTS, saying it lets Airwallex customers in Australia, Hong Kong, Singapore, and the U.K. accept...
India is paving the path to payments interoperability — not just across providers, but across borders. For payments to become truly ubiquitous — especially real-time remittances — countries’ payments schemes have to connect, streamlining the direct transfer of funds. India’s National Payments Corporation of India...
As small- to medium-sized businesses (SMBs) and freelancers extend their global eCommerce reach, making payments should be as easy as sending an email. “Everyone wants to get paid or be paid by someone else,” Anand Bindumadhavan, vice president of global banking at Payoneer, told PYMNTS...
Drip Capital and Vayana TradeXchange have partnered on trade finance services for small to medium-sized exporters. Through this partnership, Drip Capital — which offers post-shipment export financing — will use Vayana’s International Trade Finance Service (ITFS) platform to convert Indian exporters’ trade receivables into cash,...
The digital economy’s capacity to operate in real time across international borders can add layers of complexity to businesses’ commercial opportunities. Digital businesses can launch globally as quickly as they can locally, but they must take the challenges and complexities that come with international payments...
