Global Payments

Globalization is driving corporations to transact more frequently across borders. Consumers are also transacting more on a global basis—buying from foreign eCommerce sites as well as traveling, living, and working abroad. For the payments industry, the result is higher volumes of payments—in terms of both currency value and number of transactions. This is also leading to a consequent shift downwards in the average value of these payments.

Zara Plans To Roll Out International Online Shopping Platform

Zara Plans To Roll Out International Online Shopping Platform
Zara Plans To Roll Out International Online Shopping Platform
November 08, 2018  |  Retail

To bring its fashions to new markets, Zara plans to roll out a global online platform. With the launch, the retailer will expand its efforts...

READ MORE >
With New Deal, Western Union And M-PESA Make Global P2P Wave
With New Deal, Western Union And M-PESA Make Global P2P Wave
November 07, 2018  |  Global Payments

Western Union and M-PESA announce today a global P2P partnership that will make it easier for M-PESA customers to send money outside of Kenya and...

READ MORE >
Louis Vuitton Does Cross-Border Payments, Connects To SWIFT Via FIS
Louis Vuitton Does Cross-Border Payments, Connects To SWIFT Via FIS
November 07, 2018  |  Payment Methods

FIS, a global leader in financial services technology, announced that it has connected LVMH Group to the SWIFT Global Payments Innovation (gpi). Get the Full...

READ MORE >
The High Price Of Payments — And Innovation — In Travel
The High Price Of Payments — And Innovation — In Travel
November 06, 2018  |  Travel Payments

It’s that time of the year: crowded airports, missed connections, maybe the surprise of an upgrade (to stretch out those legs after sitting all day...

READ MORE >
Santander Launches Enterprise Payment Link
Santander Launches Enterprise Payment Link
November 06, 2018  |  B2B Payments

Santander Bank is rolling out a new corporate payments solution aimed at supporting visibility into business transactions via wire, ACH and check. The bank debuted...

READ MORE >
Africa’s Internet-Connected Population Provides Opportunity For Mobile Money
Africa’s Internet-Connected Population Provides Opportunity For Mobile Money
November 05, 2018  |  Cross-border Payments

In many parts of sub-Saharan Africa, almost 90 percent of all payments and transactions are based on cash. But there is a large opportunity to...

READ MORE >
Faster Payments, Real-Time Payments And A Few Glitches
Faster Payments, Real-Time Payments And A Few Glitches
November 01, 2018  |  Real-Time Payments

Speed matters in payments, and as B2B moves away from checks, some recent infrastructure initiatives and announcements show traction in Europe and Asia.  However, as...

READ MORE >
Klarna Integrates Sofort With Shopify Payments; Japan Mulls QR Code Standard For Transit
Klarna Integrates Sofort With Shopify Payments; Japan Mulls QR Code Standard For Transit
October 30, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Klarna’s integration with Shopify for payments to German merchants....

READ MORE >