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.

Faster Payments Open Global Markets to Smaller Companies
Faster Payments Open Global Markets to Smaller Companies
February 03, 2025  |  Cross-border Payments

Just a few years ago, cross-border payments were inefficient at best and filled with friction at worst. They were opaque and took days to settle....

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Wise to Settle CFPB Allegations of Issues Around Advertisements and Disclosures
Wise to Settle CFPB Allegations of Issues Around Advertisements and Disclosures
January 30, 2025  |  CFPB

International remittance company Wise and the Consumer Financial Protection Bureau (CFPB) reached an agreement to settle the regulator’s allegations that the company advertised inaccurate fees and failed...

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Mastercard Sees Growth in Tokenization and Commercial Payments
Mastercard Sees Growth in Tokenization and Commercial Payments
January 30, 2025  |  Earnings

Mastercard’s fourth-quarter earnings results showed that consumers still rely on their cards for everyday spending — and beyond the resilient consumer, tens of trillions of...

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Cedar Money Raises $9.9 Million for Cross-Border Payment Solution Using Stablecoins
Cedar Money Raises $9.9 Million for Cross-Border Payment Solution Using Stablecoins
January 30, 2025  |  Investments

Cedar Money raised $9.9 million in a seed round to support the growth of its payments software that uses stablecoins to facilitate cross-border payments between...

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Wells Fargo and Derivative Path Partner on FX Payment Services
Wells Fargo and Derivative Path Partner on FX Payment Services
January 27, 2025  |  Partnerships

Derivative Path and Wells Fargo have partnered to help regional and community banks provide foreign exchange (FX) payment services. The solution enabled by this collaboration...

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Visa and DealMe Begin Rollout of Cross-Border Installment Payment Solution
Visa and DealMe Begin Rollout of Cross-Border Installment Payment Solution
January 27, 2025  |  Partnerships

Visa and DealMe are piloting a cross-border installment payment solution in South Korea and plan to expand it to Vietnam, the United States, Australia, Japan...

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Reports: HSBC Shuttering Cross-Border Payments App Zing
Reports: HSBC Shuttering Cross-Border Payments App Zing
January 23, 2025  |  Cross-border Payments

Just one year after its launch, HSBC’s cross-border payments mobile app is no more. A Yahoo Finance report on Thursday (Jan. 23) quoted a spokesperson...

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Waza Introduces Multi-Currency Account Platform for Businesses Serving Emerging Markets
Waza Introduces Multi-Currency Account Platform for Businesses Serving Emerging Markets
January 20, 2025  |  B2B Payments

Waza has introduced a multi-currency account platform called Lync that it said is designed to power global trade for businesses in emerging markets. Lync is designed to...

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Swap and Avalara Team to Promote Cross-Border eCommerce Compliance
Swap and Avalara Team to Promote Cross-Border eCommerce Compliance
January 16, 2025  |  News

eCommerce operating system Swap has launched a partnership with tax compliance automation software maker Avalara. The collaboration is designed to allow for cross-border compliance for...

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