cross-border payments

Cross-border payment is a term referring to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.

Source: kantox.com

Tranglo and LuLu Money Partner on Cross-Border Payouts
Tranglo and LuLu Money Partner on Cross-Border Payouts
May 22, 2023  |  Partnerships

Tranglo and LuLu Money have partnered on cross-border payouts. This collaboration will bring together the capabilities of Tranglo’s cross-border payment hub and LuLu Financial Holdings’...

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ACI Worldwide Launches New Solution for Low-Value Cross-Border Payments
ACI Worldwide Launches New Solution for Low-Value Cross-Border Payments
May 22, 2023  |  Cross-border Payments

ACI Worldwide has launched a new solution for sending low-value cross-border, real-time payments. The provider of real-time payments software has added Swift Go to its cross-border payments offering,...

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NY Fed Teams With Singapore on Multicurrency Cross-Border CBDC Project
NY Fed Teams With Singapore on Multicurrency Cross-Border CBDC Project
May 19, 2023  |  CBDC

Cross-border payments are a major railway for facilitating the functioning of the global economy. Yet they face significantly greater challenges including slower speeds, more restricted...

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Circle Says Lack of Direct EMI Access to EU Central Bank Accounts Stifles Payments Innovation
Circle Says Lack of Direct EMI Access to EU Central Bank Accounts Stifles Payments Innovation
May 19, 2023  |  Cryptocurrency

To access central bank accounts in the European Union (EU) today, electronic money token (EMT) issuers, and by extension all electronic money institutions (EMIs), have...

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MODIFI and Airwallex Create Cross-Border Payment Tool for Chinese Exporters
MODIFI and Airwallex Create Cross-Border Payment Tool for Chinese Exporters
May 18, 2023  |  B2B Payments

MODIFI and Airwallex have partnered to facilitate cross-border payments and financing for Chinese exporters. This collaboration brings together MODIFI’s global commerce platform for business payments and Airwallex’s global...

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PayPal Weighs Sale of Cross-Border Business Xoom
PayPal Weighs Sale of Cross-Border Business Xoom
May 17, 2023  |  Cross-border Payments

PayPal is reportedly mulling a sale for its cross-border payment unit Xoom. The digital payments company has been working “on the sales process in recent months,” and...

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Ripple Buys Crypto Custody Firm Metaco for $250 Million and Expands to Tokenization
Ripple Buys Crypto Custody Firm Metaco for $250 Million and Expands to Tokenization
May 17, 2023  |  Cryptocurrency

Enterprise crypto company Ripple has acquired Swiss digital asset custody provider Metaco for $250 million.  The deal, announced Wednesday (May 17), will help Ripple tap into an institutional crypto custody market...

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Zimpler Launches Instant Cross-Border Payouts for Eurozone Countries
Zimpler Launches Instant Cross-Border Payouts for Eurozone Countries
May 15, 2023  |  Faster Payments

Zimpler has launched instant cross-border payouts for the 20 eurozone countries. The new account-to-account (A2A) payment solution is available for both B2C and B2B clients and...

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How a 190-Year-Old UK Bank Is Reimagining Payments
How a 190-Year-Old UK Bank Is Reimagining Payments
May 15, 2023  |  Cross-border Payments

Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And...

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