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.

Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
October 05, 2022  |  Cross-border Payments

In a pair of papers today, financial messaging service SWIFT claimed that it has solved two of the thorniest problems digital assets must overcome if...

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Roxe, Motoverse Partner on X-Border Remittance Payments
Roxe, Motoverse Partner on X-Border Remittance Payments
October 04, 2022  |  B2B Payments

Blockchain payments and digital commerce company Roxe has partnered with global remittance company Motoverse to ease cross-border remittance payments for clients in Mexico, Brazil, Vietnam...

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48% of Companies Looking for Enhanced Cross-Border Payment Solutions
48% of Companies Looking for Enhanced Cross-Border Payment Solutions
October 04, 2022  |  Cross-border Payments

At a time when an increasingly large number of businesses are getting involved in international trade, including smaller ones, it is unsurprising that the need...

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Virgin Atlantic To Team With PCI Pal On Airline Omnichannel Payments
Virgin Atlantic To Team With PCI Pal On Airline Omnichannel Payments
September 28, 2022  |  Digital Payments

Virgin Atlantic will make use of secure payment solution PCI Pal Digital to support its omnichannel strategy, a press release said. PCI Pal provides Software...

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Could an Internationalized Digital Euro Threaten the Dollar?
Could an Internationalized Digital Euro Threaten the Dollar?
September 28, 2022  |  CBDC

A digital euro isn’t going to replace the United States dollar as the world’s reserve currency and leading international payments currency anytime soon. But it...

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37% of FIs Still Struggling to Solve SMBs’ Cross-Border Payment Woes
37% of FIs Still Struggling to Solve SMBs’ Cross-Border Payment Woes
September 22, 2022  |  B2B Payments

Financial institutions (FIs) are struggling to give small- to medium-sized businesses (SMBs) the same level of service they offer to larger companies.  In fact, 37%...

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Study: APAC Cart Abandonment Rises 32% Absent Localized Payment Methods
Study: APAC Cart Abandonment Rises 32% Absent Localized Payment Methods
September 13, 2022  |  Retail

At a time when cross-border sales are increasingly being targeted as a key growth opportunity for online merchants, new cart abandonment statistics show that expanding...

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JPMorgan: Strong Dollar Prompts Cross-Border Rethink of Idle Cash, Liquidity Strategies
JPMorgan: Strong Dollar Prompts Cross-Border Rethink of Idle Cash, Liquidity Strategies
September 12, 2022  |  Cross-border Payments

Among the surprises in 2022 — a year full of them in the financial realm — the strong dollar is now a challenge (and opportunity)...

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Uala Wants to Tap Into Mexico’s $60B Remittance Market
Uala Wants to Tap Into Mexico’s $60B Remittance Market
September 09, 2022  |  Latin America

Argentina-based FinTech Uala will let its customers in Mexico receive money from abroad in an attempt to capitalize on the burgeoning $60 billion remittances market....

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