Money Transfer stories
The tie-up gives 1.1 million WireBarley users faster transfers into South Korea as remittance demand there topped USD $7.45 billion last year.
Businesses can now move USDC through Nium's network and settle in fiat, cutting trapped liquidity across more than 190 countries.
Researchers say longer dwell time revealed how attackers scan freight, payments and banking systems to turn intrusions into cargo theft and fraud.
Backing from Tether comes as stablecoins pass USD $300 billion in circulation, underlining investor appetite for their payments infrastructure.
The funding will help OpenFX expand hiring and infrastructure as it tackles slow, costly cross-border transfers for banks and fintechs.
Juniper Research’s latest study signals growing demand for payment networks that connect more rails, currencies and wallets across fragmented markets.
Rising demand for faster, cheaper international transfers has sharpened competition among payment providers serving merchants and marketplaces.
Solana unveils an API-based developer platform for banks and payment firms, backed by Mastercard, Worldpay and Western Union pilots.
Venmo now lets users send USD $ transfers directly to PayPal accounts in 90 markets, creating a global person-to-person payments link.
Wise wins full Thai licences to launch cross-border wallets and cards, challenging banks in a USD $9.46 billion remittance market.
RedotPay wins new Canada, US and Argentina licences as it builds a global crypto payments hub and expands stablecoin-based services.
Mastercard launches Global Commerce Suite in Hong Kong, targeting SME cross-border payments as Asia Pacific digital trade surges.
LemFi gains Bank of Canada oversight under the new Retail Payment Activities Act, bolstering trust in its cross-border remittance services.
SoFi and Mastercard will use SoFiUSD stablecoin for card settlement worldwide, targeting faster payments, remittances and B2B transfers.
London will host LemFi's global operations as the fintech plans to hire more staff and expand compliance after pledging GBP £100 million in the UK.
Businesses sending funds into New Zealand can now settle in local currency faster, as Thunes adds real-time bank transfers to its Asia-Pacific network.
Direct access to Interac e-Transfer gives Neo Financial more control over payment features as the network opens to non-bank providers.
Institutions handling cross-border stablecoin flows could cut false compliance alerts as MetaComp adds AI risk checks and an agent governance standard.
TransFi raises USD $19.2m to scale stablecoin-powered cross-border payments across emerging markets, led by Turing Financial Group.
MetaComp secures USD $35m Pre-A funding led by Alibaba to scale its StableX cross-border stablecoin and fiat payment network globally.