Cross-Border Payments

  • KBank On Rethinking Bank-FinTech Relations

    August 15, 2019 Remittances had a record year in 2018 despite the frictions that still exist when senders move money cross-border to receivers in need. In the latest Smarter Payments Tracker, Khun Sarintorn, ...
  • Faster Payments Gone Global

    August 14, 2019 Faster Payments Gone GlobalSpeedier payments, across the globe – faster and, in some cases, in real time. The Federal Reserve’s plan to launch FedNow may have grabbed headlines and perhaps refocused observers’ attention ...
  • Stripe Adds Grovara’s B2B Export Platform To Partner Program

    August 14, 2019 Stripe Adds Grovara's B2B Export Platform To Partner ProgramGrovara, a technology company that operates a B2B platform to streamline global trade for U.S. wellness brands, has announced it is joining Stripe’s partnership program. In a press release on Tuesday ...
  • Banks Tap FinTechs For Remittance Overhaul

    August 14, 2019 The cross-border payment market is thriving, and trends are expected to continue over the next few years. In fact, cross-border payments are expected to reach $240 billion in value by ...
  • Sixty LATAM Banks Use Bitcoin To Process Cross-Border Payments

    August 13, 2019 Bantotal In Latin America Partners With Bitex For Bitcoin Money TransfersBantotal, a core Latin America banking service provider that works with 60 banks in 14 countries, has partnered with Bitex to perform cross-border payments using bitcoin blockchain, according to reports. “The ...
  • How Automation Helps Treasurers Weather The FX Volatility Storm

    August 13, 2019 The continuing uncertainty over Brexit and geopolitical volatility in the U.K. that has led to a depreciation of the pound are having widespread impacts throughout supply chains with touchpoints in ...
  • Bitcoin Daily: New Zealand Allows Crypto Wages; SEC Postpones Bitcoin Funds Decision

    August 13, 2019 New Zealand has become the first country to legally allow wages to be paid in cryptocurrencies. The ruling excludes the self-employed from earning incomes in digital currencies. Companies that opt to ...
  • Report: Crypto Crime Could Reach $4.3B This Year

    August 13, 2019 A new report has estimated that losses related to cryptocurrency thefts, scams and fraud could reach $4.3 billion this year. Cryptocurrency security firm CipherTrace revealed that crypto criminals have already stolen ...
  • International Payments Firm Equals Group Acquires Hermex For £2M

    August 9, 2019 global paymentsFairFX, a subsidiary of international payments firm Equals Group, has acquired Hermex International Limited (HermexFX) for £2 million ($2.4 million), Equals Group said in a press release on Friday (Aug. ...
  • The Digital Platform That Wants To Be A-Star-Is-Born Maker

    August 9, 2019 There are still countless books to be written about whether the digital age — the technology, the processes, the seemingly endless retail and service choices, the tracking of personal data, ...
  • Canadian Travel Agency Group Partners With Western Union For Payments

    August 8, 2019 Western Union on smartphoneThe Association of Canadian Travel Agencies (ACTA) is collaborating with Western Union to make cross-border payments easier. The collaboration gives the 12,000-plus national ACTA members an opportunity to tap into Western ...
  • How Airbnb, Lime, Turo, Fiverr And Newegg Are Using Instant Payments

    August 8, 2019 Whether it’s a merchant or their customer, an employer or their employee — every party involved in a transaction wants to be paid immediately, without any hassles or surprises. That’s why ...
  • Why Mastercard Acquired Nets

    August 7, 2019  Mastercard is making its largest acquisition to date with its $3.2 billion bid to buy the Denmark-based payments platform, Nets, furthering its European presence and moving well beyond credit and ...
  • Deep Dive: Smoothing X-Border Subscription Payment Pains

    August 5, 2019 media subscription Subscription businesses can get only so far serving their local customer bases. To stay competitive, merchants must be ready to expand their subscription offerings into new markets around the globe. Consumers ...
  • InstaReM Launches Faster Singapore-China B2B Payments

    August 5, 2019 Cross-border payments company InstaReM is expanding its InstaReM for SMEs solution into Singapore,  targeting cross-border trade and B2B payments between Singapore and China. In a press release late last week, InstaReM ...
  • Walmart’s Answer To Facebook’s Libra: The Walmart Coin

    August 5, 2019 Retailer-wants-own-stablecoinThere are many ways to introduce an idea to the world. There is something to be said for going big — fireworks, a parade and a vast array of headlines.  This, ...
  • Keeping Pace In An Accelerating Payments Race 

    August 2, 2019 Keeping Pace In An Accelerating Payments RaceThe U.S. is known for, among other things, being a “more is more” kind of place. Sometimes that is a good thing (case in point: our $1 trillion-a-year restaurant industry). Sometimes, ...
  • Adobe On How Regional Payments Enable Global Growth

    August 2, 2019 international currenciesFor global businesses with recurring billing business models, the costs of FX conversion, transaction processing and failed payments can quickly add up — and not in a good way. To ...
  • The B2B Marketplace Fix For FX In Emerging Markets

    August 2, 2019 VertoFX-eyes-online-B2B-currency-marketCross-border trade brings with it inefficiencies in cross-currency transactions, especially for firms in emerging markets.  Liquidity and transparency are lacking for so called “exotic” currencies. Fresh off a seed funding ...
  • Western Union Misses On Earnings, Announces 10 Percent Staff Cut 

    August 2, 2019 Western Union’s stock price was down in after hours trading, after missing on earnings but lodging a narrow beat on revenue. Adjusted earnings per share (EPS) came in at $0.45 per ...
  • Western Union Partners With Canada’s TD For Global Money Transfer

    August 1, 2019 Western UnionGlobal payment services firm Western Union is teaming with Canadian financial institution TD to offer a fast, convenient way for TD account-holders to send money around the world. Western Union said ...
  • Deep Dive: Cross-Border Payments Interoperability

    August 1, 2019 Interoperability The world is becoming more interconnected, boosting demand for fast and low-cost services that enable cross-border transactions. Such experiences require payments interoperability, which can be a significant challenge due to ...
  • Smarter Payments Tracker Eyes Interoperability

    August 1, 2019 In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. Financial service providers ...
  • SWIFT Readies ISO 20022 For X-Border Payments

    August 1, 2019 Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. A press release issued Wednesday (July ...
  • Adobe Takes On Cross-Border Billing

    August 1, 2019 Global Recurring Payments Tracker August2019 Subscription providers seeking to go global need to make sure they have the right recurring payment offerings to take them beyond the limited consumer pools available in their local markets. ...
  • Why Cross-Border Payments Still Present Challenges

    July 31, 2019 international currenciesAccording to the latest Smarter Payments Tracker, global payment usage is at an all-time high. Revenues are forecast to hit $2 trillion by 2020, according to McKinsey. Currently, there are 0.7 ...
  • Mastercard Inks Bahrain Blockchain Partnership

    July 31, 2019 Mastercard is collaborating with Bahrain’s Electronic Network for Financial Transactions (BENEFIT) to develop a blockchain-powered B2B payments solution, according to a press release Tuesday (July 30). Together, the firms are developing ...
  • Visa’s Approach To Simplifying Cross-Border Payments

    July 31, 2019 TrackerFor merchants and FIs alike, cross-border payments can be a significant struggle. Compliance with governmental regulations, currency fluctuations and other factors can result in slow processing times, causing inconvenience for ...
  • dLocal Expands Cross-Border Payments To New Markets

    July 31, 2019 dLocal-expands-to-LATAMFinTech dLocal, which specializes in cross-border payments for emerging markets, has announced its expanded its payments network to include Indonesia, Ecuador and Bolivia. The company now supports more than 300 local ...
  • Mastercard CEO Notes Strong Growth In Cross-Border, Tourism Volumes

    July 30, 2019 Mastercard Posts 16 Pct. Cross-Border Q2 GrowthMastercard posted results on Tuesday (July 30) that showed continued strength in consumer spending, with tailwinds coming from international transactions and cross-border volumes. In terms of headline numbers, the company said ...
  • Ingenico Launches New Payment Platform For Travel Companies

    July 30, 2019 Ingenico Launches New Payment Platform For Travel AgenciesGlobal payments provider Ingenico Group has launched TravelHub to connect travel companies with end-to-end payment processing across Asia, Latin America and Europe. With TravelHub, travel companies can access more than 150 ...
  • How Visa’s Using Blockchain Tech To Simplify X-Border Payments

    July 30, 2019 Global payments revenues are at an all-time high, and experts predict that they could even climb to be a $2 trillion industry by 2020. Cross-border payment revenues currently account for ...
  • FX Volatility Bears Down Corporate Bottom Lines

    July 29, 2019 bottom-lines-impacted-by-FX-ratesGeopolitical volatility has analysts urging businesses to hedge against foreign exchange risks as trade tensions rise in Asia and the U.S., and as Brexit continues to loom. Unfortunately, the latest ...
  • For Corporates, Cross-Border Payments Innovation Isn’t All About Speed

    July 26, 2019 The modern-day financial services landscape has a need for speed, and one of the slowest areas of the market can be seen in cross-border payments. Remittance and peer-to-peer payment technologies have ...
  • B2B Investors Bolster SMBs’ Global Ambitions

    July 26, 2019 B2B-venture-capitalGusto’s payroll technology secured the largest investment round of the week with $200 million. But a closer look at the rest of the B2B funding market shows investors turned to ...
  • Why A Smart China Plan Isn’t About Moving Fast Or Breaking Anything 

    July 26, 2019 PingPong-eyes-B2B-market-in-ChinaThe Chinese market presents a formidable, but also somewhat irresistible challenge to any payments and commerce player standing on the outside looking in. Formidable because from both a regulatory and ...
  • A Bigger Picture For Payments

    July 25, 2019 A Bigger Picture For PaymentsAs business becomes ever more global, payments diversity and new forms of trade financing and onboarding become ever more important. That doesn’t meant investors won’t be rattled by certain developments ...
  • Deep Dive: How APIs Can Help Drive Faster Payments

    July 25, 2019 How APIs Can Help Drive Faster Payments Financial players worldwide are kicking payment systems into high gear with efforts that range from easier-to-use digital solutions to new instant payment infrastructures. Roughly 40 countries had real-time payment systems ...
  • Amex Refunds $1.6M To SMBs Hit By Forex Fee Hikes

    July 25, 2019 American-Express-Foreign-ExchangeAmerican Express is refunding some of its small business foreign exchange (forex) clients following an investigation into claims that the company misrepresented foreign currency conversion rates. The Wall Street Journal reported ...
  • Why Payments Diversity Matters As Firms Go Global

    July 25, 2019 Why Payments Diversity Matters As Firms Go GlobalOn a global stage, one size does not fit all when it comes to payments. In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that ...

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