Cross-Border Payments

Thunes and UnionPay International now offer instant payouts to UnionPay cards at 79 Chinese banks, up to US$10,000 per recipient in a single daily transaction. Fees and the previous limit were not disclosed.

TerraPay has joined J.P. Morgan’s Liink to check payee details. In Europe, companies can still skip the check on bulk payments, and the loss then sits with them.

Thunes and Coinbase announced a collaboration on October 19 covering stablecoin infrastructure and international payouts. Coinbase will integrate Thunes’ Direct…

Bank Negara Malaysia and the Bank of Thailand have joined Singapore’s BLOOM initiative as policymaker members, the Monetary Authority of…

PhotonPay has secured UK FCA EMI authorization, strengthening its local foundation for international payments, accounts and treasury services.

Wise has named former NICE chief executive Barak Eilam as Non-Executive Director and Chair Designate. He will succeed David Wells, who steps down in April 2027.

Ant International has secured retail payments and stored value licences from the Central Bank of the UAE, opening the way for Antom’s merchant acquiring and WorldFirst’s cross-border accounts.

BRICS backs local currency settlement and the dollar’s reserve share slips, but BIS data show it still dominates currency trading.

Bank Aljazira will send retail remittances over Thunes’ Direct Global Network to bank accounts and mobile wallets in APAC, Europe and the GCC.

A payment Bradesco sent over its usual Swift link landed with a Hong Kong beneficiary in Hong Kong dollars through the local Faster Payment System.