PayPal and TerraPay Partner on Cross-Border Payments in Middle East and Africa LeapRate

April 15, 2025 BY Sam Boughedda

PayPal and TerraPay Partner on Cross-Border Payments in Middle East and Africa

The partnership is expected to enable real-time fund transfers for millions of users in the region. The company explained that the collaboration will let bank and mobile wallet users link their accounts with PayPal and transfer funds seamlessly and securely. Citing Mordor Intelligence, the company said digital payment volumes in the MENA region are expected…

April 14, 2025 BY Sam Boughedda

Broadridge and Fnality to Collaborate On Real-Time Settlement for Intraday Repo Transactions

The collaboration integrates Broadridge’s Distributed Ledger Repo (DLR) platform with Fnality’s Payment System (FnPS), enabling delivery versus payment (DvP) using digital representations of funds held at central banks. Broadridge said in a press release that the initiative is expected to improve efficiency, optimise liquidity management, and reduce operational risk in repo markets. “This leap forward…

Stripe obtains $600M funding at $95B valuation

February 28, 2025 BY Sam Boughedda

Stripe Total Payment Volume Hits $1.4T in 2024

The payments giant said in a press release that it now handles transactions equivalent to 1.3% of global GDP and is used by half of the Fortune 100, including major corporations such as NVIDIA, PepsiCo, and Comcast. In their annual letter, co-founders Patrick and John Collison attributed the company’s rapid expansion to its AI-driven payment…

November 07, 2024 BY Sam Boughedda

UBS Trials Blockchain-Based Payment System for Cross-Border Transactions

It was revealed that the pilot program involved multiple multinational clients and banks, facilitating domestic transactions within Switzerland and international payments in various currencies, including US dollars, Swiss francs, euros, and Chinese yuan. Andy Kollegger, head of UBS Institutional & Multinational Banking, emphasised the strategic importance of blockchain-based payment solutions for cross-border transactions. "UBS Digital…

October 18, 2024 BY Sam Boughedda

Bank Rakyat Indonesia Partners with Nium to Boost Cross-Border Payments in Indonesia

The firm explained in a press release that the collaboration aims to provide BRI's customers with faster, more convenient, and cost-effective international money transfers. Through the partnership, BRI's 150 million customers will have access to a range of real-time payment options, including bank account transfers, card payments, and digital wallets. This is said to be…

September 24, 2024 BY Sam Boughedda

Worldline Partners With Anadolubank Nederland For Cloud-Based Instant Payments

The collaboration is said to enable Anadolubank to "seamlessly comply" with the new EU Instant Payments regulation, setting a precedent for other mid-size banks seeking to modernise their operations while adhering to regulatory standards. Worldline said in its press release that its cloud-based solution offers various services, including instant payment processing, customer sanction screening, and…

October 27, 2023 BY Elizabeth Anderson

Poland's Bank Millennium issues statement on quarterly mortgage target

Currently, the Polish borrowers who had chosen mortgages denominated in foreign currencies, primarily Swiss francs, attracted by the promise of lower interest rates, face a financial predicament. The subsequent appreciation of the Swiss franc against the Polish zloty, coupled with interest rate hikes in Switzerland, has placed borrowers in the damaging position of managing larger-than-expected…

September 27, 2023 BY Elizabeth Anderson

Meta pays £149m office lease cancellation due to hybrid working

This is the latest in a spurt of brick-and-mortar lease cancellations by tech-based firms. Those in the know said it is because many companies adopted a hybrid working model, where people go into the office to attend meetings and such but perform most of their work remotely. This practice is especially prevalent in the tech…

August 09, 2023 BY Elizabeth Anderson

SEC acts against 11 firms neglecting electronic communications

In acknowledging the oversights, these firms forked out a combined $289m to pay their respective penalties as per the outline below. $125m penalty payable by Wells Fargo Securities LLC, together with Wells Fargo Clearing Services LLC and Wells Fargo Financial Network LLC. BNP Paribas Securities Corp. and SG Americas Securities LLC each paying penalties of…

June 29, 2023 BY Steffy Bogdanova

EU announces modernisation of payment services

The commission is additionally considering granting non-bank payment service providers full access to all payment systems within the EU. This approach aims to establish equal opportunities for both banks and non-banks by implementing a new set of regulations. Furthermore, this measure is anticipated to offer adequate protections for non-bank providers and ensure their entitlement to…

Category: Payments