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The company was established in 2020 by Sunday “Paul” Adah, [4] as a cross border payment platform, [5] [6] [7] for students' tuition fees. [8] [9] In 2022, the company, Pay4Me App joined the founders’ class with Techstars Chicago [10] and competed in Boise Entrepreneur Week Pitch Competition.
Nium is a Singapore-headquartered cross-border payments company. Initially founded by Prajit Nanu and Michael Bermingham, and launched as a consumer-remittance platform Instarem in 2014. In 2016, [2] the company introduced its B2B payments platform [3] and rebranded as Nium in 2019, [4] subsequently elevating Pratik Gandhi to co-founder in 2021.
mBridge (a.k.a. Multiple CBDC Bridge) is a multiple central bank digital currency platform developed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using CBDCs.
Mundi, a financial services platform for cross-border trade, announced today it has raised $16 million in a Series A funding round led by Union Square Ventures. The investment marks Union Square ...
The Monetary Authority of Singapore is exploring blockchain-based payments solution to solve the challenges in cross-border transactions. See related article: Singapore warms up to crypto industry ...
The cross-border payment system developed by IBM includes partnerships with banks in the area. [25] [26] The Lumens digital currency was ranked 13th in market capitalization at the time of the IBM partnership. [27] In December 2017, TechCrunch announced Stellar's partnership with SureRemit, a Nigerian-based non-cash remittances platform. [28]
BRICS PAY will feature a decentralized Cross-border messaging system (DCMS), developed by scientists of the Center of Saint-Petersburg State University of Russia. DCMS operates, transparently, without any central owner or hub. Participants manage their own nodes, allegedly making the system resistant to external abuse, control or interference.
In October 2023, the company was named one of FXC Intelligence's most promising cross-border payment companies. [4] In November 2023, Mangopay announced the launch of its FX product to provide multi-currency pricing, local settlements and treasury management for clients to offer cross-border payments. [5]