Pomelo has announced its official launch after several months of private beta. The company is launching with $70 million in seed financing that includes $20 million in venture capital and $50 million in warehouse facility, the company said in a Monday (April 22) press release. Pomelo offers a product...
It’s a big world, but ongoing cross-border payments advances are helping make it smaller. That’s because, with the recent news that HighRadius has launched a B2B payments platform designed to improve payment processes across more than 100 payment methods globally, innovative solutions for cross-border payments are top of mind...
Tencent has made it easier for visitors to mainland China to register for a WeChat account and to link international cards to Weixin Pay. In addition, Weixin Pay is exploring interoperability with more overseas eWallets, Tencent said in a Friday (April 12) press release. Overseas users can register...
A migration to a new standard — a common payment processing language — for cross-border payments is no mean feat. Legacy tech, the shift to straight-through processing, staggered industry timelines and compliance deadlines have all posed challenges to banks and to the payments systems themselves. ...
Airwallex has launched the Borderless Visa Card for businesses in Canada. The virtual card, announced Wednesday (April 10), is issued by Peoples Trust Company and lets Canadian businesses make payments anywhere Visa is accepted. “Operating across borders is table-stakes for modern businesses, whether it’s paying a supplier overseas or...
With every innovation, the world gets a little bit smaller and interconnected. And with the news Monday (April 8) that Kyriba and Onyx, a J.P. Morgan business unit, are collaborating to better streamline cross-border payments, global expansion and payments innovation are top of mind for businesses of all shapes, sizes and...
Cross-border payment platform dLocal is partnering with payroll and payments platform Papaya Global to drive global workforce payments. Through the partnership, the companies aim to enable global firms to pay employees worldwide in local currencies in a timely fashion, according to a Tuesday (April 9)...
Money transfer firm TerraPay received a major payment institution license in Singapore. The approval by the Monetary Authority of Singapore means that TerraPay is either licensed or approved in 30 markets around the world, according to a Monday (April 8) press release. “As the heart of thriving international trade and...
European embedded finance firm Swan has integrated Wise Platform to enable its clients to send and receive money from more than 190 countries. With Wise Platform, which is Wise’s infrastructure offering for financial institutions and enterprises, Swan’s clients can enable their customers to send and receive funds in more...
