Foreign exchange (Forex) Stories

Global Stories

Foreign exchange (Forex) stories

Walapay raises USD $4.6 million seed funding round

The fresh capital will fund licensing, banking ties and hiring as the payments platform expands direct links across Latin America, Africa and Asia.

By Karen Joy Bacudo • 4 min read • Last week

Fintech

Citi launches instant cross-border payments on Swift

The service gives banks single-account access to instant cross-border transfers in four currencies, reducing the need for local banking ties and infrastructure.

By Karen Joy Bacudo • 3 min read • Last week

Digital Transformation

HSBC launches HSBCnio for corporate clients in Asia

Corporate treasurers in Asia can now access cash, payments and lending data inside their own workflows as HSBC rolls out HSBCnio across multiple markets.

By Karen Joy Bacudo • 3 min read • Last week

Crypto

Visa & Lloyds test stablecoin settlement for USD $750,000

The seven-day test suggests stablecoins could cut cross-border settlement delays, with funds reaching Visa in under an hour, even over a weekend.

By Karen Joy Bacudo • 3 min read • Last week

Software-as-a-Service

Mambu & Mastercard team up on cross-border payments

Banks could add faster, more transparent overseas transfers to digital apps without costly from-scratch integrations under the tie-up.

By Karen Joy Bacudo • 4 min read • Last week

Risk & Compliance

Bitget launches reward scheme after security incident

User balances remain intact as Bitget ties payouts to trading activity after a September 24 security incident, with rewards paid in USDT.

By Karen Joy Bacudo • 3 min read • Last week

Digital Transformation

BNY launches Pay-to-Wallet service for Asia Pacific

Banks in Asia Pacific can now send cross-border payments into retail wallets, as BNY taps rising demand for faster consumer payouts.

By Karen Joy Bacudo • 3 min read • Last week

Digital Transformation

Corpay adds AI agents to spend management platform

Finance teams can now automate anomaly checks, voice expenses and transaction coding as Corpay broadens AI tools across its spend platform.

By Karen Joy Bacudo • 3 min read • Last week

Risk & Compliance

Corporate FX hedging falls to record low as firms retreat

Corporate losses from unhedged currency swings eased in Q2, even as UK and US firms cut protection to the weakest levels on record.

By Karen Joy Bacudo • 7 min read • Last week

Software-as-a-Service

Jaggaer buys Ivoflow to boost manufacturer pricing

Manufacturers could gain sharper checks on supplier price hikes as direct materials intelligence is folded into Jaggaer's procurement platform.

By Raphael Veloso • 4 min read • Last week

Fintech

Bybit launches global campaign to broaden financial platform

Users can now access stocks, gold and foreign exchange alongside crypto as the exchange pushes into payments, wealth and AI tools.

By Karen Joy Bacudo • 4 min read • Last month

Digital Transformation

Mastercard survey sees SMEs shifting to fintech payments

Cross-border payment competition is intensifying as SMEs prioritise faster, more reliable transfers, with 91% planning to switch provider within two years.

By Karen Joy Bacudo • 5 min read • Last month