Cross - Border Payments

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Finastra and Circle Forge Strategic Collaboration to Bring Stablecoin Settlement to Cross-Border Payments
Prnewswire· 2025-08-27 13:04
Core Insights - Finastra has announced a strategic collaboration with Circle to integrate USDC settlement into cross-border payment flows, enabling banks to innovate in this area [1][2][3] - The integration will utilize Finastra's Global PAYplus (GPP) platform, which processes over $5 trillion in cross-border transactions daily, allowing for rapid and cost-effective international transfers [2][4] - This collaboration aims to reduce banks' reliance on traditional correspondent banking chains, thereby accelerating settlement times while ensuring compliance and foreign exchange processes [2][3] Company Overview - Finastra is a global leader in financial services software, serving over 8,000 customers, including 45 of the world's top 50 banks, across more than 130 countries [4] - The company specializes in various sectors, including Lending, Payments, Universal Banking, and Treasury & Capital Markets, providing mission-critical solutions [4] - Circle is a global financial technology firm that focuses on enabling businesses to utilize digital currencies and public blockchains, issuing stablecoins like USDC and EURC [5]
Remitly Announces Upcoming Webinar and Investor Conference Participation
Globenewswire· 2025-08-08 13:00
Group 1 - Remitly Global, Inc. will present at a webinar and investor conference focusing on stablecoins and cross-border payment outlook [1] - The post-earnings webinar with Goldman Sachs is scheduled for August 13, 2025, at 1 p.m. Eastern Time [1] - The Goldman Sachs Communacopia + Technology Conference will take place on September 10, 2025, at 12:30 p.m. Eastern Time [1] Group 2 - Remitly operates in over 170 countries, providing digital financial services that facilitate cross-border payments [2] - The company aims to enhance its product offerings to fulfill its vision of transforming lives globally [2]
Intermex Launches a new Remittance-as-a-Service (RaaS) Platform to Help Businesses Simplify Cross-Border Payments
Globenewswire· 2025-07-08 12:00
Core Insights - International Money Express, Inc. (Intermex) has launched a redesigned Remittance-as-a-Service (RaaS) platform aimed at facilitating cross-border money transfers for businesses [1][2] - The platform allows companies to offer branded payment services in various markets, including Latin America and select regions in Southeast Asia, the European Union, and Africa [3][4] Company Overview - Intermex, founded in 1994, specializes in money transfers from locations such as the U.S., Canada, Spain, Italy, the U.K., and Germany to over 60 countries [6] - The company operates through a combination of digital platforms and a vast network of retail agents and company-operated stores [6] Platform Features - The RaaS platform provides a customizable system for businesses to create branded customer experiences across multiple channels, including WhatsApp and mobile apps [4] - It includes essential services such as cash pickups, home deliveries, direct bank deposits, integrated payment services, and advanced anti-fraud tools [4][5] - The platform is supported by appropriate licensing and compliance measures, ensuring adherence to regulations [4] Business Benefits - The RaaS platform aims to eliminate barriers for businesses looking to innovate and expand, providing a turnkey solution that includes infrastructure, licenses, and support teams [4][5] - Partners benefit from 24/7 bilingual customer support, business insights, and ongoing strategic guidance [4]