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.

New Report Examines Impact of Cross-Border Payments on Business Growth
New Report Examines Impact of Cross-Border Payments on Business Growth
January 30, 2024  |  Cross-border Payments

In an era of disruptive technologies, cross-border payments are quietly undergoing a revolution. The emerging paradigm centers around cost-effective, real-time payment options with maximum visibility...

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Airbnb to Raise Guest Service Fees 2% for Cross-Currency Bookings
Airbnb to Raise Guest Service Fees 2% for Cross-Currency Bookings
January 26, 2024  |  Cross-border Payments

Airbnb will add about 2% to its guest service fees when guests pay with a currency different from the one set by the host in their...

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Multicurrency Corporate Cards Help Safeguard Firms Against Losses in Volatile FX Market
Multicurrency Corporate Cards Help Safeguard Firms Against Losses in Volatile FX Market
January 25, 2024  |  Cross-border Payments

Corporate card usage has surged in popularity, especially among small- to medium-sized businesses (SMBs) grappling with inflationary pressures and rising costs.  However, despite this trend,...

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Nukkleus Taps Tantel to Expand Cross-Border B2B Payments in Africa
Nukkleus Taps Tantel to Expand Cross-Border B2B Payments in Africa
January 22, 2024  |  Partnerships

Blockchain/payments firm Nukkleus has teamed with Tantel Group to expand its footprint in Africa. The partnership, which involves Nukkleus’ subsidiary Digital RFQ (DRFQ), will help Nukkleus tap into Africa’s $1.5 trillion B2B...

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Digital Wallets, Pay by Bank and Push to Card Can Transform Cross-Border Payments
Digital Wallets, Pay by Bank and Push to Card Can Transform Cross-Border Payments
January 19, 2024  |  Cross-border Payments

Cross-border money movement’s digital makeover rests with a variety of endpoints. More specifically, the more ways there are to send and receive, the more options...

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Visa, Brightwell Expand X-Border Payment Partnership to Allow Bank Account and Wallet Payouts
Visa, Brightwell Expand X-Border Payment Partnership to Allow Bank Account and Wallet Payouts
January 17, 2024  |  Partnerships

Brightwell is using Visa Direct to allow payouts to eligible bank accounts and wallets worldwide. The collaboration makes Brightwell — a cross-border payment-focused FinTech —...

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Incentivizing Innovation Is Crucial for Transforming X-Border B2B Payments
Incentivizing Innovation Is Crucial for Transforming X-Border B2B Payments
January 16, 2024  |  B2B Payments

The ability to expand internationally is commonly viewed as a sign of a company’s strength. Doing business compliantly and profitably across borders takes a lot...

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Interoperability and Transparency Are Key Challenges as Cross-Border Payments Modernize
Interoperability and Transparency Are Key Challenges as Cross-Border Payments Modernize
January 15, 2024  |  Cross-border Payments

When three quarters of a given market are dissatisfied with the way things are going, that’s a market ripe for innovation and technology in the...

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Commerzbank and Global Payments Team to Help German Small Businesses
Commerzbank and Global Payments Team to Help German Small Businesses
January 11, 2024  |  Partnerships

Commerzbank and Global Payments teamed to offer digital payment solutions to German small- to medium-sized businesses (SMBs). The companies have joined to form Commerz Globalpay...

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