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Tag: cross-border payment


Regulations

Fintechs call on UK government to put an end to hidden fees in cross-border payments

July 24, 2023

Via: FinTech Futures

The letter says that there is currently “widespread practice of firms showing currency conversion services as have ‘zero fees’ or ‘0% commission’”, but claims this is “highly misleading when a much larger charge is embedded in the exchange rate, ranging […]


Activity, Channels, Corporate Banking

Goldman Sachs taps Visa for cross-border payment upgrade

June 7, 2021

Via: Payments Dive

Cross-border payments have long been complicated, slow, and expensive for businesses, with a labyrinth of correspondent banks, compliance requirements and entrenched systems often bogging down the movement of money. Lately, digitization of services and new software tools have set off […]


Channels

Visa invests in Remitly, extends partnership

May 12, 2021

Via: Payments Dive

Visa and Remitly first partnered in 2019 when Remitly connected its money transfer services to the Visa Direct real-time “push payments platform.” At that time, payments using their joint services could be sent to “multiple countries,” but now Remitly says […]