Payments

New cross-border payments come to Samsung Pay and Brex

  • Cross border payment integrations are becoming more popular.
  • Now, Samsung Pay and Brex have partnered with international money transfer firms.
New cross-border payments come to Samsung Pay and Brex

There continues to be friction around cross border payments. To improve their customers’ experiences, banks and payments companies are teaming up with cross border specialists to roll out this functionality to their clients.

Samsung Pay is announcing a new partnership with Travelex that will integrate a cross-border transaction service, Money Transfer.

  • This new in-app international money transfer service offers users cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s native mobile wallet
  • Samsung Pay users in the U.S. can use their existing eligible pre-registered debit or credit cards in Samsung Pay to send money in most major currencies to their recipients via Finablr’s (Travelex’s parent) global network.

Brex cardholders can now use Payoneer to pay vendors internationally instead of using international wire transfers.

  • Payoneer, the cross-border payment firm, has unveiled a collaboration with Brex, adding to their expansive ecosystem of partners who support SMB growth.
  • With this new partnership, Payoneer expands the array of tools available to US businesses doing business globally.
  • Brex for Startups cardholders can earn 3 percent rewards on their first $100,000 in international payments, while Brex for Ecommerce cardholders earn 2 percent.
  • The partnership requires a Brex cardholder to first sign up for Payoneer. Then, by making international payments with his card, he earns Brex Rewards.

These partnerships come just a week after TransferWise announced the rollout of TransferWise for Banks in the US.

  • TransferWise for Banks allows banks, credit unions and other financial institutions to integrate TransferWise’s API directly into their infrastructure, so customers can make international payments from within their banking apps.
  • Along with the Stanford Federal Credit UnionNovo is one of the international money transfer firm’s first US partners.
Payments, Podcasts

Adyen’s Roelant Prins: ‘Modern technology can personalize issuing services for merchants’

  • Adyen has recently introduced a new card issuing service.
  • The payment firm's chief commercial officer joins us to discuss how merchants are benefiting from it.
Zachary Miller | March 20, 2020
Payments

Engage People’s Len Covello on Priceline’s pay with points program

  • There are billions of dollars available to retailers if they can tap into loyalty points.
  • Engage People, a tech company in the space, is seeing more interest in paying with points.
Zachary Miller | March 16, 2020
Payments

Rapyd enters Brazil with localized payments platform

  • The UK fintech as a service company is expanding internationally.
  • Brazil offers a big opportunity for fintech firms.
Michael Deleon | March 09, 2020
Payments, Podcasts

Iris Nova’s Zak Normandin on scaling consumer brands using payments over text

  • Iris Nova's Dirty Lemon beverage brand pioneered conversational commerce in 2015.
  • Now the company is bringing in other brands to sell over text.
Zack Miller | March 05, 2020
Payments

Messaging app Podium now lets businesses take payments over text

  • Podium enables businesses to manage digital communications through a single platform.
  • The company is launching payments as an easy text-based way for businesses to bill their customers.
Michael Deleon | March 03, 2020
More Articles