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.

Stearns Bank Drives X-Border Payments With WireFX Collab
Stearns Bank Drives X-Border Payments With WireFX Collab
September 08, 2022  |  Partnerships

In a move to drive cross-border payments for its retail and business customers, independently-owned financial institution Stearns Bank is collaborating with FinTech startup WireFX. WireFX...

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Technology Helps Teams Drive Digital Cross-Border Payments Progress
Technology Helps Teams Drive Digital Cross-Border Payments Progress
September 08, 2022  |  Cross-border Payments

Ramana Satyavarapu, chief technology officer of Nium, told PYMNTS that we’re living in unprecedented times in which the very nature of money movement, especially cross-border...

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OneSpan, BankID Extend Digital Identity Service to All Norwegian Banks
OneSpan, BankID Extend Digital Identity Service to All Norwegian Banks
September 07, 2022  |  Digital Identity

Digital agreements security company OneSpan and electronic identity company BankID have expanded their partnership to extend digital identity protection covering cross-border transactions to all Norwegian...

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Global Payments Services Provider Moneycorp Arrives in France
Global Payments Services Provider Moneycorp Arrives in France
September 01, 2022  |  Global Payments

Moneycorp, a global payments and foreign exchange (FX) provider, announced in a press release Thursday (Sept. 1) that it is continuing its European expansion with...

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Global Merchants Aim to Neutralize APAC’s ‘Silent Killer’ With Localized Payments
Global Merchants Aim to Neutralize APAC’s ‘Silent Killer’ With Localized Payments
August 31, 2022  |  International

In a world where commerce is increasingly global but where markets and consumer preferences are still dominated by national or regional norms, one of the...

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Today in B2B Payments: 3 B2B Platforms Raise Money to Support Growth
Today in B2B Payments: 3 B2B Platforms Raise Money to Support Growth
August 31, 2022  |  B2B Payments

Today in B2B payments, Nigeria’s Duplo, Germany’s topi and India’s Soptle announce their receipt of new funding to support the growth of their B2B platforms....

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Thunes, Alipay+ Partner to Ease Acceptance of Mobile Wallets in Europe
Thunes, Alipay+ Partner to Ease Acceptance of Mobile Wallets in Europe
August 31, 2022  |  Mobile Wallets

Noting the recovery of international tourism and the popularity of mobile wallets, cross-border payments company Thunes has partnered with Ant Group’s Alipay+ to enable merchants...

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Letters of Credit Face Extinction From Digital Cross-Border Trade Tools
Letters of Credit Face Extinction From Digital Cross-Border Trade Tools
August 30, 2022  |  B2B Payments

Letters of credit (LCs) are an age-old way of conducting business. While they were necessary for transactions for many years, they are now becoming outdated....

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Indian Consumers Seek Relief From Cross-Border Education, Travel Payments Friction
Indian Consumers Seek Relief From Cross-Border Education, Travel Payments Friction
August 29, 2022  |  Cross-border Payments

The great reopening is upon us: Travel is surging, airports are crowded and railways are congested. Cross-border travel is seeing a snapback. Students are going...

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