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.

Four Countries Test Multi-CBDC Arrangement
Four Countries Test Multi-CBDC Arrangement
October 26, 2022  |  CBDC

The Bank for International Settlements (BIS) on Wednesday (Oct. 26) published a report on Project mBridge, a four-nation collaborative pilot for cross-border central bank digital...

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WooCommerce, Payoneer Partner to Help Asian Merchants Sell Globally
WooCommerce, Payoneer Partner to Help Asian Merchants Sell Globally
October 24, 2022  |  Partnerships

eCommerce platform WooCommerce will soon make commerce payments technology company Payoneer’s Checkout plug-in available to its merchants across Asia, enabling them to start accepting payments...

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Payroc Debuts Embedded Finance API Platform
Payroc Debuts Embedded Finance API Platform
October 20, 2022  |  Global Payments

Global payments company Payroc has debuted a new API suite and developer documentation site, a press release said, which will give technology providers more embedded...

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Visa, Thunes Team to Allow X-Border Payments to 78 Digital Wallets
Visa, Thunes Team to Allow X-Border Payments to 78 Digital Wallets
October 19, 2022  |  Cross-border Payments

Visa and B2B payments company Thunes have partnered to enable individuals and small- to medium-sized businesses (SMBs) using Visa Direct to move money internationally to...

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Increasing RuPay, UPI Acceptance In EU, Middle East Helps Indian Travelers Spend With Ease
Increasing RuPay, UPI Acceptance In EU, Middle East Helps Indian Travelers Spend With Ease
October 18, 2022  |  Cross-border Payments

When the Reserve Bank of India (RBI) outlined its vision for a national payment system that would rival international card schemes, its primary goals were...

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Wise Hikes Transfer Fees, Upgrades 2022 Outlook
Wise Hikes Transfer Fees, Upgrades 2022 Outlook
October 18, 2022  |  Cross-border Payments

Wise, the U.K.-based cross-border money transfer business, has increased the average cost of transactions for the first time since 2020. As reported in the Financial...

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eInvoicing Needs a ‘Translation Layer’ as Business Payments Go Global
eInvoicing Needs a ‘Translation Layer’ as Business Payments Go Global
October 18, 2022  |  Global Payments

After a couple of decades, you’d think that electronic invoicing would be pretty much perfected — a done deal, with standardized formats across companies and...

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Embedded Payments Find New Niche in Cross-Border Money Movement
Embedded Payments Find New Niche in Cross-Border Money Movement
October 11, 2022  |  Cross-border Payments

In the age of eCommerce, as platforms and enterprises expand their reach across borders, embedding payments into the mix can help tap new markets and...

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FSB Says Stablecoins Might Speed, Cheapen X-Border Payments
FSB Says Stablecoins Might Speed, Cheapen X-Border Payments
October 10, 2022  |  Cryptocurrency

The Financial Stability Board (FSB) is looking at stablecoins as one way of achieving its goal of cutting the cost and time required to make...

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