Latest cross-border payments News: Finextra Research

Company update/payments

Icici Bank allows students aspiring to study in Germany to open digital accounts

ICICI Bank Germany, a part of ICICI Bank, today announced the launch of a digital and instant Blocked Account* for students aspiring to study in Germany. A Blocked Account* is a special type of account wherein students are required to keep a certain amount of money in order to get a Balance Confirmation Certificate (BCC), a mandatory requirement for a student Visa in Germany. Only banks, which are authorized by German Federal Foreign Office, can offer the Blocked Account*.

23 August 2021

Company update/payments

Roxe collaborates with Treviso to launch remittance program

Roxe, a next-generation global payment network, today announced that Treviso, an international foreign exchange broker, will become a Roxe node to send remittances from the United States to beneficiaries in Brazil. The Roxe network is designed to save financial institutions significant time and costs by using blockchain technology to provide fast, inexpensive, and highly reliable clearing and cross-border settlement of payments and remittances.

19 August 2021

Company update/wealth

Investcorp and ADDX partner to expand use of digital securities in alternative investment space

Investcorp, a leading global provider and manager of alternative investment products, and private capital exchange ADDX – formerly known as iSTOX – announced today a long-term partnership to expand the use of digital securities in the alternative investment or private market space. The collaboration promises a more seamless, coordinated delivery of opportunities to end-investors and will benefit accredited corporate and individual investors, offering them easier access to opportunities that traditionally require high minimum ticket sizes.

19 August 2021