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

Cross-Border Payments Complexities Force Focus on ‘Customer Experience,’ Says Citi
Cross-Border Payments Complexities Force Focus on ‘Customer Experience,’ Says Citi
November 30, 2023  |  Cross-border Payments

The promise of embedding payments in cross-border commerce is a multitrillion-dollar opportunity, Amit Agarwal, Global Co-Head of Payments and Receivables, Treasury and Trade Solutions (TTS)...

READ MORE >
Paysend Raises $65 Million and Teams With TelevisaUnivision
Paysend Raises $65 Million and Teams With TelevisaUnivision
November 29, 2023  |  Investments

Money transfer FinTech Paysend has raised $65 million in a new funding round. The round, announced Wednesday (Nov. 29), follows Paysend’s recent partnership with Mastercard, which allows the company to enhance cross-border...

READ MORE >
IMF, World Bank and BIS Collaborating on Uses of Tokenization
IMF, World Bank and BIS Collaborating on Uses of Tokenization
November 28, 2023  |  Payments Innovation

The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization...

READ MORE >
Virtual Card Solutions Make Digital Payments Better for African Travelers
Virtual Card Solutions Make Digital Payments Better for African Travelers
November 27, 2023  |  Travel Payments

Digital payments have reshaped the way travelers manage money, rendering the traditional reliance on cash or traveler’s checks a thing of the past. Today, it’s...

READ MORE >
How the Cloud Streamlines Cross-Border B2B Payments
How the Cloud Streamlines Cross-Border B2B Payments
November 22, 2023  |  B2B Payments

Cloud-based innovations are at the forefront of leveling the playing field for international commercial transactions. That’s why PYMNTS sat down with Paul Chang, Head of Payment...

READ MORE >
Mastercard Joint Venture Gets Approval for Domestic Bank Card Clearing in China
Mastercard Joint Venture Gets Approval for Domestic Bank Card Clearing in China
November 20, 2023  |  Mastercard

A Mastercard joint venture (JV) entity received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to...

READ MORE >
Visa and Remitly Expand Collaboration to Digitally Streamline Global Remittance Market
Visa and Remitly Expand Collaboration to Digitally Streamline Global Remittance Market
November 20, 2023  |  Cross-border Payments

Yanilsa Gonzalez-Ore, North America Head of Visa Direct and Global Ecosystem Readiness, and Remitly’s CEO Matt Oppenheimer told PYMNTS cross-border money transfers are ripe for...

READ MORE >
Liquidity Management Key to Taming FX Volatility in Emerging Markets
Liquidity Management Key to Taming FX Volatility in Emerging Markets
November 20, 2023  |  Cross-border Payments

Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16...

READ MORE >
Collaboration Creates Network Effects That Transform B2B Payments
Collaboration Creates Network Effects That Transform B2B Payments
November 17, 2023  |  B2B Payments

Innovation in payments is a continuum, with incremental to transformational — and even disruptive — results. B2B payments, long left to languish while their consumer-facing...

READ MORE >