Tag: instant payments

Zūm Rails, a Montreal-based company at the forefront of integrating open banking with instant payments, has successfully concluded its Series A funding round, securing $10.5m CAD.

OpenPayd, a pioneering global payments and Banking-as-a-Service (BaaS) platform, has entered into a strategic partnership with TrueLayer, Europe's premier open banking payment network. This collaboration aims to bolster OpenPayd's instant payment solutions across the UK and Europe, enhancing the payment experience for their global clientele.

Pathward and TabaPay have announced the expansion of their partnership, designed to enable faster money movement solutions for their customers. 

Tietoevry Banking, a dominant force in financial technology solutions worldwide, has teamed up with the Maldives Monetary Authority (MMA), the nation's central banking entity, to roll out an advanced instant payments and smart addressing system.

Banque Delubac & Cie, a distinguished independent financial institution known for its specialist banking services, has announced its collaboration with Finastra, a leading global provider of financial software applications and marketplaces.

Rextie, the foremost currency exchange platform in Peru, has become the recipient of a strategic investment from Citi, a global powerhouse in the foreign exchange (FX) arena.

Checkbook, a comprehensive push payments platform, has revealed its latest payout option, an alliance with Zelle. This partnership is designed to offer Checkbook users a more seamless, trustworthy, and swift financial transaction experience.

Global instant payment transactions are expected to exceed 235 billion by 2027, up from 74 billion in 2023, according to Juniper Research.