Recently a flurry of fintechs – several of them in cross-border payments – have applied for licences that would allow them to operate as a bank in the US.
More and more financial institutions are joining China’s Cross-border Interbank Payment System – we’ve taken a closer look at the system’s growth over time.
This week, the US Senate narrowly passed the latest version of the One Big Beautiful Bill Act, including updates to a new tax on remittances sent from the US.
Remitly has formally entered the cross-border B2B payments market for the first time, targeting small businesses with a service initially available in the US.