Consumer & Commercial Payments
Brits can now collect air miles without a credit card
Travel Direct Debit Card Currensea partners with Singapore Airlines in first-of-its-kind offering
August 4, 2021
Travel Direct Debit Card Currensea partners with Singapore Airlines in first-of-its-kind offering
FxPro, the truly global broker, has partnered with Currencycloud, a leading provider of B2B embedded cross-border solutions, as part of a new offer of flexible and convenient e-money solutions in the form of its new business – BnkPro.
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David Smithson has re-joined Crown Agents Bank (CAB) in his role as Regional Banker for East and Southern Africa.
Universo, one of Portugal’s leading financial institutions, is using Token’s open banking payments platform to enable customers of its Cartão Universo credit card product to easily load funds onto their accounts with a click of a button. This new open banking partnership marks the first of its kind for Universo.
EML signs a multi-country contract extension with PTA.
Monneo, a virtual IBAN and eCommerce bank account provider, has announced its new Multicurrency merchant settlement solution. This unique solution enables acquirers to receive and distribute settlements to their merchants through the Monneo platform. The service will help make transactions across borders and currencies easier and quicker, which is vital for acquirers that operate in different verticals.
Many acquirers, PSPs and Payment Facilitators face challenges when distributing funds to merchants across borders, and this unique service will help make settlements easier and quicker to send out. This is yet another example of how fintech innovation is helping to solve problems relating to cross border payments and underbanked eCommerce verticals.
Manchester FinTech Accesspay has made three senior hires as part of ambitious growth plans to double headcount in 2021.
The deadline for the 6th Anti-Money Laundering Directive (6AMLD) is rapidly approaching — currently, it is set for June 3rd. That said, the question of whether 6AMLD’s measures are clear and robust enough to combat the ever-growing problem of money laundering remains.
Marius Galdikas, CEO at ConnectPay, has taken the opportunity to overview how the AML regulatory framework has changed over the years, starting with the first Anti-Money Laundering Directive. He has also outlined what to expect in the near future, as some challenges regulators have yet to outline as possible threats.
