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.

International CBDC Aims to Unify Fragmented Digital Currency Landscape
International CBDC Aims to Unify Fragmented Digital Currency Landscape
April 11, 2023  |  Payment Methods

The central bank digital currency (CBDC) field has become crowded, global in scope, and yet in many cases, fragmented. Generally speaking, in concept, the CBDC...

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Papaya Global Launches Embedded Payments Platform Designed for Payroll
Papaya Global Launches Embedded Payments Platform Designed for Payroll
March 07, 2023  |  Payroll

Papaya Global has launched an embedded payments platform designed for payroll and other worker-related expenditures. The new Papaya Global Payroll Payments automates all processes, reduces...

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The Risks of Not Offering Local Payments
The Risks of Not Offering Local Payments
February 27, 2023  |  Payments Innovation

Three-quarters of global eCommerce is conducted using local payment methods, but offering such a diversity of payments may be difficult for merchants to do on...

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TransferMate Launches Embedded Solution for Cross-Border Payments 
TransferMate Launches Embedded Solution for Cross-Border Payments 
February 23, 2023  |  Cross-border Payments

TransferMate has launched an embedded solution that facilitates cross-border payments. The new TransferMate Connect enables banks and financial institutions to integrate with the firm’s global...

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Flywire and FranConnect Develop B2B Payments Solution for Franchisors
Flywire and FranConnect Develop B2B Payments Solution for Franchisors
February 22, 2023  |  Partnerships

Flywire and FranConnect have partnered on a B2B payments solution for franchisors. The addition of Flywire’s global payments enablement and software to FranConnect’s franchise management...

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G-P and Wise Partner to Enable Faster Cross-Border Payments to Freelancers
G-P and Wise Partner to Enable Faster Cross-Border Payments to Freelancers
February 22, 2023  |  Cross-border Payments

G-P and Wise have partnered to enable faster cross-border payments to freelancers and contractors. The firms said in a Wednesday (Feb. 22) press release that...

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Parthenon Capital to Buy Gaming Division of Global Payments
Parthenon Capital to Buy Gaming Division of Global Payments
February 13, 2023  |  Acquisitions

Parthenon Capital is acquiring the gaming division of Global Payments. The private equity firm said in a Monday (Feb. 13) press release that it has...

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PhonePe Enables Cross-Border UPI Payments in Select Countries
PhonePe Enables Cross-Border UPI Payments in Select Countries
February 07, 2023  |  Cross-border Payments

PhonePe is now enabling cross-border Unified Payments Interface (UPI) payments in select countries. With this support for UPI international payments, PhonePe’s Indian users can pay...

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3 Ways 5G Is Set to Revolutionize Real-Time B2B Payments
3 Ways 5G Is Set to Revolutionize Real-Time B2B Payments
February 03, 2023  |  B2B Payments

As global tech architecture advances, the time is ripe for the consumerization of B2B payments. This means increased personalization and real-time responsiveness, transactional transparency, and...

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