Foreign exchange (Forex) stories - Page 3

Wise forecasts five shifts to speed up cross-border payments by 2026, as new rules, tech links and customer demands reshape the market.

Bitget posts USD $8.17 trillion in 2025 derivatives volume as institutional crypto and tokenised TradFi trading surge on its platform.

Cisco Systems Capital's New Zealand branch lifted profit in FY2025, supported by lower costs, currency gains and higher assets.

GTreasury launches GSmart Risk Insights AI engine to interpret treasury exposures, flag policy breaches and auto-generate executive reports.

Airwallex has named James Teodorini Head of ANZ to spearhead growth in Australia and New Zealand after hitting USD $235 billion in volume.

Boku lifts H1 revenue 34% and EBITDA 53% as merchants shift from cards to wallets, pushing payment volumes to $7.4 billion.

A fresh US rate cut ripples through New Zealand markets as tech investors reassess global liquidity, risk assets and digital exposures.

Mangopay hires former Spotify and GoCardless executive Andy Wiggan as Chief Product Officer to drive wallet-first growth and crypto expansion.

The falling New Zealand dollar is pushing up holiday costs in Europe and the US, while travel to Asia becomes more affordable for Kiwi travellers.

Gr4vy and Worldline have deepened their partnership to simplify cross-border payments, aiding merchants in travel, gaming, retail and digital goods to expand globally.

Ebury launches a mobile app enabling SMEs to manage international payments and FX on the go, offering real-time rates for over 130 currencies.

Ripple has acquired GTreasury for USD $1 billion, enhancing its corporate treasury services and expanding digital asset use in global payments.

Global financial authorities are likely to miss their 2027 target to improve cross-border payments, with costs and regulatory hurdles still impeding progress.

MetaComp has completed the first cross-border payment using its CNT Carbon Stablecoin, enabling same-day EUR to CNH settlement with embedded carbon credits.

MetaComp has launched Ripple's USD stablecoin RLUSD on its StableX platform, offering APAC institutions faster, compliant cross-border payments.

Wise urges New Zealand MPs to end NZD $667m annual losses from hidden foreign exchange fees by enforcing transparency in bank currency conversion costs.

Revolut has launched travel insurance for Premium and Metal users in Australia and New Zealand, partnering with Chubb to enhance travel benefits locally and abroad.

Revolut reported record 2024 results with AUD $4.4m net profit in Australia and USD $1.0bn globally, driven by surging customers and revenues.

Revolut has launched a feature enabling New Zealand customers to open local EUR accounts, enhancing transaction efficiency and currency management.

Airwallex has launched in New Zealand, appointing Lowry Gladwell as its first local hire, aiming to provide Kiwi businesses with innovative payment solutions.