BNY launches Pay-to-Wallet for cross-border payments to digital wallets

BNY launched a new product on September 28, 2026.

Primary

BNY

Date

September 28, 2026

Sub-sector

PAD/ACH & Bank Rails

BNY's entry into bank-to-wallet cross-border payments signals incumbent consolidation of this corridor, but the impact on sub-$250M fintech founders is limited since this is a B2B2C solution offered by a massive incumbent rather than a disruptive opportunity for independent fintechs.

Primary company

BNY

Counterparty

Not disclosed

Amount

Not disclosed

Event date

September 28, 2026

Sub-sector

PAD/ACH & Bank Rails

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

PYMNTS

Source: pymnts.com