Cross-Border Payments

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.

Ant International has run pilot dirham and US dollar transfers in the UAE on HSBC’s Tokenised Deposit Service, the bank’s first Middle East client to do so.

Taptap Send customers in Bahrain can now verify their identity at registration through eKey 2.0, the national digital authentication system run by Beyon Connect.

OakNorth has selected Wise Platform to give its UK business customers international payments in more than 20 currencies at the mid market exchange rate.

OpenFX has launched OpenFX Ventures to back early stage cross border payments founders with capital, market connectivity and early product access.