In its full-year results, the fintech firm announced that it served 15.6 million active customers over the year, representing a 21% increase from the prior period, with both personal and business segments growing by 22% and 11%, respectively. Wise attributed the growth to infrastructure investments that delivered “lower fees and faster speeds,” with 65% of…
Read moreFurthermore, the company said in a press release that the move enables local merchants to connect with global markets. The payments technology leader already operates in Argentina, Brazil and Mexico. With Colombia now added to its regional footprint. Worldpay stated that it aims to support both local businesses seeking international growth and global brands targeting…
Read more
The move is said to allow Binance users in Brazil to instantly convert over 100 cryptocurrencies into reais to pay merchants or transfer funds to any Pix-compatible account. Transactions are completed within seconds, which Binance says helps to bring “crypto into everyday life and make it easier for users to spend digital assets in real-world…
Read more
The global payments giant said it is aiming to bring digital currencies into the mainstream by enabling transactions from wallets to checkouts. The initiative is part of Mastercard’s broader strategy to integrate blockchain-based assets into traditional finance. The company has partnered with OKX and Nuvei to support stablecoin transactions across its network, allowing consumers to…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more