Finance Breaking news TransferWise wins restricted banking licence in Australia last financial news

Breaking-Finance.Com - TransferWise has been granted a licence to gain direct access to Australia's real-time payment system by the country's Prudential Regulatory Authority.

Finance Breaking news TransferWise wins restricted banking licence in Australia last financial news

Breaking-Finance.Com - TransferWise has been granted a licence to gain direct access to Australia's real-time payment system by the country's Prudential Regulatory Authority.

Finance Breaking news TransferWise wins restricted banking licence in Australia last financial news
30 November 2020 - 11:45

Breaking-Finance.Com - TransferWise has been granted a licence to gain direct access to Australia's real-time payment system by the country's Prudential Regulatory Authority. Under the licence, TransferWise will be able to provide purchased payment facilities, as a "limited authorised deposit-taking institution". The UK-based currency transfer company will join PayPal as the second non-bank to gain direct access to Australia's real-time payments network. TransferWise says it now intends to apply for a settlement account with the Reserve Bank of Australia.

. TransferWise was the first non-bank to get access to the UK's faster payments system, including a settlement account with the Bank of England. The company is also looking to be one of the first non-banks to connects to the Singapore Fast network, after the country's central bank today confirmed that it would open up direct access to the nation's real-time payment plumbing to non-bank financial institutions (NFIs). Finextra’s The Future of Payments report explores how new business models, new operating models and new forms of collaboration are the catalyst for the 2020 payments ecosystem. Click here to download.

Source = Breaking-Finance.Com

Financial breaking news

This news 49 hits received.

Finance Breaking news TransferWise wins restricted banking licence in Australia last financial news


Finance Breaking news TransferWise wins restricted banking licence in Australia last financial news


Finance Breaking news TransferWise wins restricted banking licence in Australia last financial news


Finance Breaking news TransferWise wins restricted banking licence in Australia last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news Finch Capital's Nomu Pay sweeps up Wirecard Apac assets last financial news
Finance Breaking news Finch Capital's Nomu Pay sweeps up...
Finance Breaking news ING splits board level responsibility for operations and technology last financial news
Finance Breaking news ING splits board level responsibility for...