Global payments provider Nium has partnered with international payment service ECOMMPAY to offer merchants a “closed-loop system” for international payouts, a press release said Thursday (Feb. 24). Nium provides global payments and card issuance solutions and operates payouts for businesses in over 190 countries in...
FinTech platform Airwallex has debuted its Airwallex Borderless Card, a virtual card issued by the Community Federal Savings Bank, which allows businesses to easily make cross-border digital card payments, a press release said. Airwallex customers in the U.S. will be able to generate and issue...
Cryptocurrency exchange platform Coinbase is getting into international money transfers, joining a mammoth market dominated by big companies like Western Union, Bloomberg reported Tuesday (Feb. 15). Coinbase is rolling out a free pilot program for sending crypto funds to friends and family in Mexico. Receivers will...
Korean money transfer service WireBarley formed a partnership with Tencent Financial Technology for overseas remittances, the company said in a news release Tuesday (Feb. 15). The collaboration makes WireBarley the first Korean FinTech company to work with Tencent Financial Technology on inbound remittance service into...
Not all that long ago, being a payments service provider (PSP) was a relatively simple affair. They offered a range of activities within and across their platforms, advertising themselves as “one-stop shops” — especially for payments functionality. See also: Payments Orchestration Smooths LatAm’s Path to...
Despite widespread debate over workers’ rights, the global gig economy is booming. Research from Singapore-headquartered global payments company Thunes shows that it is projected to grow from the current market estimation of about $100 billion to up to $4 trillion in the next few years....
There’s a huge economic opportunity available to grasp, but Africa will need to be able to trade with itself to tap into it. Until now, however, that has been extremely difficult. For many years, settlements across the region not only required a third currency such...
Global finance app Revolut has announced that U.S. customers can transfer money to Mexican bank accounts, according to an emailed press release Friday (Jan. 28). The service will be offered fee-free and would be done in up to 30 minutes. Revolut has been working on...
Cryptocurrency exchange Binance is preparing to once again accept deposits from the Single Euro Payments Area (SEPA), ending a months-long freeze. As Bloomberg News reported, transfers from Europe to Binance were set to resume sometime Wednesday (Jan. 26), starting with customers in Belgium and Bulgaria...
