Cross border payments

Boston-based Flywire has made another move to diversify beyond its original cross-border tuition payments niche by acquiring Pace Invoice, a multi-currency invoicing platform enabling clients to more easily link outgoing cross-border invoices with incoming receivables.

The integration is designed to improve user experience for international transactions.

Pangea’s instant-transfer app serves six Latin American countries and it’s eyeing expansion to Asia, with a formula based on speed and simplicity.

Ria Money Transfer is significantly expanding its presence in India through partnerships with three leading cash remittance payout agents with broad reach within India, the world’s largest recipient of migrant remittances.

Calling it a first in international payments, the Society for Worldwide Interbank Financial Telecommunication [Swift] is providing a cross-border, real-time payments tracker for banks handling global transactions.

The U.K.’s Payment Systems Regulator is escalating its inquiry into the role banks play in preventing money-transfer scams where consumers are tricked into sending funds to fraudsters.

Ant Financial, China’s largest provider of internet financial services, will continue investing in mobile-payment providers around the world to boost offshore revenue and buttress itself from rising competition and tighter regulation at home.

MoneyGram’s stockholders have voted to approve a deal to be purchased by China’s Ant Financial for $1.2 billion.

U.S. payment companies frustrated by Chinese regulations blocking direct access to its vast consumer market could get a break under the terms of a new U.S.-China trade deal.

Stellar, which started as a splinter group from Ripple, has formed a for-profit company called Lightyear.io to help financial institutions integrate its software.