Red Kite Launchpad’s Post

Absolute game changer within our payment landscape. If you want to find out more on how #amnis can optimize your payment and currency flows feel free to reach out to me

Fincra Secures IMTO License, Expanding Cross-Border Payment Capabilities Previously only able to provide local payment solutions for business, Nigerian fintech, Fincra has secured an International Money Transfer Operator (IMTO) license from the Central Bank of Nigeria (CBN). This license allows Fincra to integrate cross-border payment services into its product offerings, enabling efficient international transactions for the Nigerian diaspora and local consumers. The approval follows a rigorous review and approval process by the CBN ensuring compliance with international financial standards and enhancing the security of transactions. The company is also broadening its service portfolio by introducing a Multicurrency Account, and a USD card-acquiring service. The new service is expected to facilitate foreign currency transactions for businesses and individuals by offering USD-enabled cards, further simplifying financial operations. Fincra joins a group of fintech companies Nigerian fintechs like Flutterwave, Paystack, and Remita that have been granted an IMTO license by the CBN. With the new IMTO licence, Fincra aims to expand its operations in Nigeria and offer a broader range of services tailored to the needs of both the Nigerian diaspora and local consumers. #Fincra #Fintech #InternationalPayments #CBN #Innovation #FinancialServices #CrossBorderPayments

The CBUAE's new Token Payment Services Regulation seems to have created quite a stir not least because of the apparent restrictions it places on the use of cryptocurrencies. However, the really interesting developments may actually happen behind closed doors as the biggest promoters of virtual assets, the Financial Free Zones and VARA, head to to Al Bateen for 'discussions'. As I've always advocated, there are inherent weaknesses in the application of the legal and regulatory infrastructure that currently exists between onshore jurisdictions in the UAE. This may just bring that whole 'tolerated practices' nonsense to a head.

🚨 News Alert! We are thrilled to announce a unique upgrade for companies in the DACH region and beyond. With today's launch of German IBANs, amnis is now the only Payment Institution offering both Swiss AND German IBANs within a single multicurrency account. 🇪🇺 The addition of German IBANs (SEPA instant) will simplify payments and collections for European companies, making transactions faster and more efficient. SEPA Direct Debit will be available in a few months. 🌐 With this addition, our global banking solution for companies becomes even more unique, offering Swiss IBANs, German IBANs, UK IBANs, and local USD accounts. A big thank you to the entire team for making this possible! Exciting times ahead - we are preparing even more multicurrency features to transform international banking for companies. #FinTech #Banking #InternationalBusiness #Multicurrency #IBAN #GlobalBusiness

MoonPay Earns Australian Registration Read more: https://lnkd.in/dtawWYkt #MoonPay #AustralianRegistration #CryptoRegulation #FintechExpansion #DigitalPayments #BlockchainTechnology #CryptoCompliance #GlobalFinance #finance #fintech #FinancialIT

⚜️CBDC Sandbox ! What's next 🤯 📚▪️Global bank messaging network SWIFT is planning a new platform in the next 1-2 years to connect the wave of CBDCs now in development to the existing finance system. 🔻SWIFT's main advantage though is that its existing network is already usable in over 200 countries and connects more than 11,500 banks 🏦 and funds who use it to send trillions of dollars every day. 💡▪️The idea is that once the interlink solution is scaled-up, banks would have one main global connection point able to handle digital asset payments, rather than thousands if they were to set up an individual one with every counterparty. ▪️Bank of Algeria بنك الجزائر . ▪️Le Conseil National Economique Social et Environnemental .

“We're building on top of that, enabling not just local financial inclusion, but global financial inclusion. And this could only be done by providing at the most micro level, access to this sort of immutable, cross-border, interoperable functionality.” 🚀💼🔗 NODO Sultan Quadri https://lnkd.in/eR9fhHwN #Fonbnk #crypto #Africa #financialinclusion

Thailand’s Oldest Bank to Launch Stablecoin Remittance Services for 24/7 Global Payments Siam Commercial Bank, Thailand’s first-ever bank, is rolling out #stablecoin remittance services in partnership with fintech firm Lightnet. This service will allow clients to send and receive payments across borders at any time while cutting down on transaction fees. Tested under the Bank of Thailand’s regulatory sandbox, this initiative aims to boost financial inclusion by lowering costs for retail and corporate users alike. Stablecoins continue gaining traction globally as a solution to currency devaluation, particularly in regions like Latin America and Africa.

NIGERIA FREEZES FINTECH PLATFORM SIGNUPS TO COMBAT SHADY FX DEALINGS - The Central Bank of Nigeria (CBN) has forced four separate fintech companies to stop onboarding new customers. Those companies are… OPay Kuda Bank Moniepoint PalmPay - Onboarding has been frozen while an investigation and audit process is conducted regarding the companies’ KYC processes. - According to local sources, the CBN thinks that traders have been using fintech platforms to disrupt the nation’s foreign exchange markets. - The news arrives shortly after Nigerian authorities froze a full 1,146 bank accounts that it claimed were involved in unauthorized FX affairs. - The saga is further set against a backdrop of Nigerian authorities seemingly going to war against crypto exchange Binance itself. - Nigeria has charged #Binance with tax evasion and continues to hold two of the CEX’s executives - some claim illegally. Image: Arise News

The stablecoin solution recently passed the testing phase in Thailand’s regulatory sandbox, overseen by the Bank of Thailand and the SEC Read here: https://lnkd.in/gP4PNahG -with SCB – Siam Commercial Bank SCB 10X Lightnet Group #fintech #Thailand #digitalasset #stablecoin #payments