cross-border payments

Cross-border payment is a term referring to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.

Source: kantox.com

Western Union Expands Cross-Border Payments Partnership With Mercado Pago
Western Union Expands Cross-Border Payments Partnership With Mercado Pago
February 21, 2024  |  Partnerships

Western Union and Mercado Pago are extending their relationship and widening a cross-border payments channel between the United States, Canada and Mexico. U.S. and Canadian...

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Failed Cross-Border Payments Cost US Merchants an Estimated $3.8B
Failed Cross-Border Payments Cost US Merchants an Estimated $3.8B
February 21, 2024  |  Cross-border Payments

Many U.S. eCommerce merchants prioritize international markets, but see higher failed payment rates in cross-border transactions than in domestic ones. These payment failures significantly impact...

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Wix, Global-e Launch Cross-Border eCommerce Partnership
Wix, Global-e Launch Cross-Border eCommerce Partnership
February 20, 2024  |  Partnerships

Software company Wix announced a partnership with Global-e Online, which enables direct-to-consumer cross-border eCommerce, to offer Wix sellers a cross-border selling solution. The partnership builds...

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Visa Direct Veteran Ruben Salazar Genovez Now President of TerraPay
Visa Direct Veteran Ruben Salazar Genovez Now President of TerraPay
February 20, 2024  |  Personnel

TerraPay appointed former Visa Direct Global Head Ruben Salazar Genovez as president. In his new role, Salazar Genovez will lead TerraPay’s global expansion and the...

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Fed Governor: Some Cross-Border Payment Frictions Are Necessary
Fed Governor: Some Cross-Border Payment Frictions Are Necessary
February 15, 2024  |  Cross-border Payments

When it comes to cross-border payments, there are necessary and unnecessary frictions. That’s according to Federal Reserve Governor Michelle Bowman, who discussed the challenges facing cross-border payments...

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Nukkleus to Acquire Mercury Global to Enhance Cross-Border Payments Offerings
Nukkleus to Acquire Mercury Global to Enhance Cross-Border Payments Offerings
February 14, 2024  |  Acquisitions

FinTech company Nukkleus has signed a term sheet for the acquisition of cross-border payments firm Mercury Global. This move marks Nukkleus’ expansion in the world of cross-border payments,...

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Will Specter of Public Runs and More Regulation Blunt Stablecoins’ Use in Commerce?
Will Specter of Public Runs and More Regulation Blunt Stablecoins’ Use in Commerce?
February 07, 2024  |  Cryptocurrency

Stablecoins need more regulation. Stablecoins might, in some cases, cause runs. And as government officials and financial institutions (through the Bank for International Settlements) sound...

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B2B Firms Tap Affordable Credit Card Solutions to Maximize Cash Flow Efficiency
B2B Firms Tap Affordable Credit Card Solutions to Maximize Cash Flow Efficiency
February 07, 2024  |  B2B Payments

Historically, working capital options for small and medium-sized businesses (SMBs) have been somewhat limited, and the current interest rate environment has only exacerbated this limitation....

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Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial
Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial
February 06, 2024  |  Cross-border Payments

Papaya Global will use a Super Bowl commercial to showcase the launch of its artificial intelligence (AI)-powered platform for executing worker payments. The new workforce payments platform provides...

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