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.

Flywire Teams With HDFC to Streamline Education Payments
Flywire Teams With HDFC to Streamline Education Payments
November 17, 2022  |  Payment Methods

Payments software company Flywire has teamed up with India’s HDFC Bank to help students in India pay education fees at institutions around the world. The companies...

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Real-Time Realities Set to Shape Cash Management for Next Three Years
Real-Time Realities Set to Shape Cash Management for Next Three Years
November 16, 2022  |  Spend Management

It’s easy to get carried away by dazzling innovations and futuristic concepts in finance, but what companies usually crave more is a dose of reality...

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Wise and Deel Team to Offer Easier Cross-Border Payments
Wise and Deel Team to Offer Easier Cross-Border Payments
November 14, 2022  |  Partnerships

Money transfer service Wise has teamed up with human resources (HR) and payroll firm Deel to let customers send money through Deel with just an...

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80% of Firms Hiring Overseas Workers Run Into Payday Roadblocks
80% of Firms Hiring Overseas Workers Run Into Payday Roadblocks
November 11, 2022  |  Cross-border Payments

With more companies seeking talent in geographies other than their home turf, the challenges of paying those overseas contractors can seem daunting, but purpose-built platforms...

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Payment Orchestration Proves Critical to Cross-Border Sales Success
Payment Orchestration Proves Critical to Cross-Border Sales Success
November 08, 2022  |  Cross Border Commerce

As more and more merchants seek expansion into markets abroad in search of new consumers willing to buy, they’re also apt to find a few...

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NY Fed Official Says US CBDC Could Speed X-Border Transactions
NY Fed Official Says US CBDC Could Speed X-Border Transactions
November 04, 2022  |  CBDC

Faster cross-border transactions could be one of the most significant benefits of a United States central bank digital currency (CBDC), a New York Fed official...

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Standard Chartered Backs Blockchain Payment Firm Partior
Standard Chartered Backs Blockchain Payment Firm Partior
November 03, 2022  |  Investments

Financial services company Standard Chartered (SC) will invest in Partior, a blockchain-based clearing/settlement platform from Singapore. “Standard Chartered brings to the network its global payments...

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East-West Commerce Gets Biometrics Boost and Automated Compliance
East-West Commerce Gets Biometrics Boost and Automated Compliance
November 02, 2022  |  Cross-border Payments

The promise of cross-border commerce is always the opportunity to tap into new markets. But no two countries, or even markets within a given country,...

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BIS Sees Cross-Border CBDC Payments as Realistic and Achievable Goal 
BIS Sees Cross-Border CBDC Payments as Realistic and Achievable Goal 
October 31, 2022  |  CBDC

A four-country test of a cross-border payments system using central bank digital currencies was a success, the Bank for International Settlements (BIS) declared last week,...

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