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.

Payoneer Lets More Airbnb Hosts Get Paid in Local Currencies
Payoneer Lets More Airbnb Hosts Get Paid in Local Currencies
September 19, 2023  |  Payment Methods

Airbnb has expanded its partnership with FinTech Payoneer. The new version of the team-up allows Airbnb hosts in multiple countries to get paid in local...

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Citi Launches Digital Asset Solution for Cash Management, Trade Finance
Citi Launches Digital Asset Solution for Cash Management, Trade Finance
September 18, 2023  |  B2B Payments

Citi Treasury and Trade Solutions has unveiled a digital asset solution designed to enhance cash management and trade finance capabilities. By using blockchain and smart...

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Stripe Adds New Payment Methods to Checkout Suite
Stripe Adds New Payment Methods to Checkout Suite
September 18, 2023  |  Payments As A Service

Stripe has added new payment methods and A/B test capabilities to its optimized checkout suite. The suite provides businesses with products, tools and features they can integrate...

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Visa and NEOPAY Partner on Installment Payments in UAE
Visa and NEOPAY Partner on Installment Payments in UAE
September 15, 2023  |  Payment Methods

Visa and NEOPAY, the payment subsidiary of Mashreq, have joined forces to introduce an installment payment solution to the United Arab Emirates (UAE).  The partnership aims to provide...

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Push to Card Offers Cost, Speed Benefits For Global Money Transfers
Push to Card Offers Cost, Speed Benefits For Global Money Transfers
September 14, 2023  |  Payment Methods

In the quest to make end-to-end money movement faster, secure and frictionless across borders, Ruben Salazar, Global Head of Visa Direct and Abdul Abdulkerimov, Paysend chairman and co-founder, say...

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CBDCs Compete for Relevance in Cross-Border Payments
CBDCs Compete for Relevance in Cross-Border Payments
September 13, 2023  |  CBDC

Link by link, the fashioning of a global network for central bank digital currencies (CBDCs) proceeds apace.  As it continues to grow, it has the...

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Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
September 08, 2023  |  Partnerships

African payments startup Flutterwave is reportedly expanding into the Indian market through a partnership with IndusInd Bank. This move makes Flutterwave the first African company to scale up...

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Western Union Debuts ‘Concept Store’ For Jordan’s Foreign Labor Force
Western Union Debuts ‘Concept Store’ For Jordan’s Foreign Labor Force
September 07, 2023  |  Cross-border Payments

Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce.  The new store, announced Thursday (Sept. 7), was developed in partnership with Al Sadat...

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Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’
Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’
September 07, 2023  |  Real-Time Payments

Real-time payments schemes are proliferating around the globe. Getting them to work in sync and breaking down the silos that exist between countries will be...

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