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.
close

Email a Friend

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.

0 comments on “New cross-border payments come to Samsung Pay and Brex”

Payments

‘E-commerce subscriptions are about stability and predictability for consumers’: Behind Recharge’s recent growth

  • As more consumers started subscribing to various purchases during the pandemic, Recharge saw its own growth in revenue.
  • But are subscription services enough to stand on as a payments company?
Rivka Abramson | September 15, 2021
Payments, Sponsored

Gig workers are paving the future of payments

  • The gig economy is here to stay, and it's growing across the globe.
  • These are the four major trends shifting the payments space.
Nium | September 08, 2021
Payments, Sponsored

Tap to pay is here to stay: How to deliver a delightful contactless customer experience

  • Contactless payments have graduated from nice-to-have to a must-have option at stores.
  • The pandemic sped up the adoption process for Americans, many of whom now expect tap to pay.
Visa | September 02, 2021
Payments

HSBC UK uses new card designs in bid for greater accessibility

  • In association with the The Alzheimer’s Society UK, HSBC has redesigned its cards to make them more accessible.
  • The new cards, made 85% out of recycled plastic, are believed to reduce CO2 emissions and reduce plastic waste.
Subboh Jaffery | August 25, 2021
Payments

Cheat Sheet: Square’s acquisition of Buy Now, Pay Later firm Afterpay

  • This is a $29 billion all-stock deal.
  • The deal appears to be mutually beneficial for Square and Afterpay.
Shehzil Zahid | August 20, 2021
More Articles