Latest news with #crossborderpayments
Finextra
5 days ago
- Business
- Finextra
DLocal to support RizRemit payouts in Africa and Asia
dLocal (NASDAQ: DLO), the leading cross-border payment platform specializing in emerging markets, has joined forces with RizRemit, a fast-growing digital remittance provider, to support its payout operations in key African and Asian corridors. 0 When remittances fuel entire economies, delays and rigid systems don't just slow transfers—they disrupt everyday life. According to the World Bank, remittances account for 3% or more of GDP in over 60 countries, making fast, flexible access to payment methods on both ends not just helpful, but essential. Through a single integration with dLocal, RizRemit is gaining the tools to make delivery simpler and more in tune with how people actually move money. Backed by this infrastructure, RizRemit can provide its users access to domestic bank rails and popular eWallets like OPay in Nigeria or JazzCash and EasyPaisa in Pakistan—ensuring recipients receive funds through the channels they trust and use. The result is lower operational complexity, faster settlement times, and greater flexibility without compromising reliability. 'Remittances are a lifeline for our users and their families', said Muhammad Rizwan Javeed, CEO at RizRemit. 'To serve their needs, we have to offer options that work reliably. dLocal gives us access to local rails that make sending money faster and more intuitive, while keeping operations simple on our side.' 'RizRemit's focus on high-efficiency remittance flows aligns with our strengths in local infrastructure,' said Martin Sapiurka, Head of Remittances at dLocal. 'Together, we're improving how cross-border payouts are made by connecting directly to the systems people rely on every day.'
Yahoo
5 days ago
- Business
- Yahoo
Tazapay Named in CNBC's List of World's Top Fintech Companies 2025
SINGAPORE, July 24, 2025 /PRNewswire/ -- Tazapay, the global payments platform simplifying cross-border trade, has been named in CNBC's World's Top Fintech Companies 2025, a prestigious ranking developed in partnership with Statista. The list features top fintech leaders across eight categories shaping the future of finance. Tazapay was recognized under the Payments category—validating its position as the trusted choice for digital businesses expanding globally. "This recognition speaks to why our customers choose us," said Rahul Shinghal, CEO and Co-founder of Tazapay. "They don't just need a payment gateway—they need a compliant, scalable, and interoperable infrastructure that lets them move quickly across borders." From high-growth platforms to established global brands, businesses across industries—travel, gaming, e-commerce, and beyond—trust Tazapay to simplify cross-border payments and eliminate barriers to scale. Whether expanding globally or managing complex payment flows, Tazapay delivers a seamless experience—without the need for local entities or fragmented setups. Key reasons customers choose Tazapay: No local entity required – expand globally without setting up in-market operations Fiat and stablecoin interoperability – send or receive funds flexibly, even when flows start or end in different forms Local payment collection in 80+ countries via APMs apart from cards, and bank transfers Named virtual accounts in 35+ currencies for efficient fund holding and liquidity management Global payouts in 100+ currencies with real-time tracking and built-in compliance Single integration, enabling faster go-live and unified operations across geographies Licensed by the Monetary Authority of Singapore (MAS), Tazapay supports businesses globally, with strong adoption across Southeast Asia, India, the Middle East, and other high-growth markets. To view CNBC's full list of the World's Top Fintech Companies 2025, visit: About Tazapay Tazapay is a global payments platform for cross-border businesses, backed by leading investors including Sequoia and the PayPal Alumni Fund. With one integration, businesses can collect, hold, and pay in 170+ markets—powered by fiat and stablecoin interoperability—without the complexity of setting up local entities. Learn more at For enquiries please reach us on: askus@ Logo: View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
6 days ago
- Business
- CNA
PayPal to launch cross-border platform with link to India's UPI payments system
MUMBAI :Payments firm PayPal has partnered with the operator of India's popular unified payments interface and others to launch a global platform through which consumers can make cross-border payments to businesses. The platform, PayPal World, will enable interoperability between local payment platforms and PayPal, the firm said in a statement on Wednesday. Its partners for the platform include National Payments Corporation of India - India's payments authority that operates UPI, Brazil's Mercado Pago, Tencent Holdings' Tenpay Global and Venmo. UPI dominates digital payments in India, accounting for about 85 per cent of the total volume of retail digital payments, per regulatory data. "The integration of UPI on PayPal World's platform will mark a significant step in expanding UPI's global footprint," said Ritesh Shukla, managing director and CEO of NPCI International Payments Limited. India has been in talks with countries in Africa and South America to help them build a digital payments system using UPI as a blueprint.
Yahoo
6 days ago
- Business
- Yahoo
PayPal to launch cross-border platform with link to India's UPI payments system
MUMBAI (Reuters) -Payments firm PayPal has partnered with the operator of India's popular unified payments interface and others to launch a global platform through which consumers can make cross-border payments to businesses. The platform, PayPal World, will enable interoperability between local payment platforms and PayPal, the firm said in a statement on Wednesday. Its partners for the platform include National Payments Corporation of India - India's payments authority that operates UPI, Brazil's Mercado Pago, Tencent Holdings' Tenpay Global and Venmo. UPI dominates digital payments in India, accounting for about 85% of the total volume of retail digital payments, per regulatory data. "The integration of UPI on PayPal World's platform will mark a significant step in expanding UPI's global footprint," said Ritesh Shukla, managing director and CEO of NPCI International Payments Limited. India has been in talks with countries in Africa and South America to help them build a digital payments system using UPI as a blueprint. PayPal's platform is expected to go live later this year. The firm intends to add more partners going forward. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
6 days ago
- Business
- Reuters
PayPal to launch cross-border platform with link to India's UPI payments system
MUMBAI, July 23 (Reuters) - Payments firm PayPal has partnered with the operator of India's popular unified payments interface and others to launch a global platform through which consumers can make cross-border payments to businesses. The platform, PayPal World, will enable interoperability between local payment platforms and PayPal, the firm said in a statement on Wednesday. Its partners for the platform include National Payments Corporation of India - India's payments authority that operates UPI, Brazil's Mercado Pago, Tencent Holdings' ( opens new tab Tenpay Global and Venmo. UPI dominates digital payments in India, accounting for about 85% of the total volume of retail digital payments, per regulatory data. "The integration of UPI on PayPal World's platform will mark a significant step in expanding UPI's global footprint," said Ritesh Shukla, managing director and CEO of NPCI International Payments Limited. India has been in talks with countries in Africa and South America to help them build a digital payments system using UPI as a blueprint. PayPal's platform is expected to go live later this year. The firm intends to add more partners going forward.
