As international trade and e-commerce continues to expand, cross-border payments has grown substantially. According to the latest report from EY, global cross-border payments are growing at around 9% annually, and is expected to reach US$290tn by 2030. As the digital economy continues to expand, the demand for more efficient, secure, and inclusive payment systems becomes crucial.

In an effort to boost scam protection for its customers, Westpac is adding 50 new team members to its Fraud and Scam Operations team and a new feature that allows customers to report a scam, fraud or mistaken payment through the app.

This comes as the bank continues to invest in new detection and prevention measures, which stopped customers from losing $237 million to scammers in FY24.

Airwallex, the Australian-founded leading financial platform for modern businesses, today announced that it is launching Airwallex for Startups in New Zealand, to help Kiwi startups to accelerate their growth. 

Financial services group Industrial Thought Ltd. has announced the launch of its subsidiary Raw Knowledge, a specialist data provider and consultant delivering a comprehensive Excess Reportable Income (ERI) solution.

In an exciting leap for mainstream cryptocurrency adoption, Starknet has integrated with Travala, enabling Starknet users to book over 3,000,000 flights, hotels, and activities worldwide using digital tokens.

Public awareness of new regulations that require UK banks to reimburse victims of payment scams remains critically low, weeks after their enforcement. 

At the UN Climate Change Conference (COP29), Ant International, a digital payment and financial technology leader, announced the launch of AquaViva, its new global programme for marine conservation, which aims to support healthy marine ecosystems through the company’s digital innovations and open collaborative partnerships. Ant International will focus on marine conservation as a key aspect of its environmental sustainability efforts.

NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers, and consumers, today announced that