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.

FinTech Form3, Goldman Sachs Launch Cross-Border Transaction Banking
FinTech Form3, Goldman Sachs Launch Cross-Border Transaction Banking
April 12, 2022  |  Partnerships

Form3, the London-based payment technology provider, and Goldman Sachs Transaction Banking (TxB) have introduced a solution that aims to deliver foreign exchange (FX) and payments...

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Visa Expects Global Growth to Cover Russian Revenue Loss Within a Year
Visa Expects Global Growth to Cover Russian Revenue Loss Within a Year
April 10, 2022  |  VISA

Visa has lost around 4% of the revenue booked during its last fiscal year as it pulled out of Russia — though a Friday (April...

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eCommerce Platform Shopify Integrates With Payments Network Strike to Accept Bitcoin
eCommerce Platform Shopify Integrates With Payments Network Strike to Accept Bitcoin
April 08, 2022  |  Bitcoin

Payments network Strike announced its integration with Canadian eCommerce platform Shopify, which will allow global merchants to accept bitcoin payments, according to a Thursday (April...

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Payments Network Arf Launches MSB Credit Offering
Payments Network Arf Launches MSB Credit Offering
April 07, 2022  |  Alternative Credit

Swiss cross-border payments network Arf has launched Arf Credit, a product designed to provide instant working capital credit lines for money service businesses (MSBs). “Traditionally,...

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Personalized Payment Experiences Pave Way for Streamlined B2B eCommerce
Personalized Payment Experiences Pave Way for Streamlined B2B eCommerce
April 06, 2022  |  B2B Payments

With more businesses selling online or via mobile apps, more consumers are hopping online to shop and pay. Merchants are therefore pressed to ensure that...

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NEO CEO Says Banks, Regulators Ignore Multicurrency Management Needs of EU Firms
NEO CEO Says Banks, Regulators Ignore Multicurrency Management Needs of EU Firms
April 05, 2022  |  B2B Payments

$3 billion. That’s the amount Barcelona-headquartered business-to-business (B2B) neobank NEO has cleared through its multicurrency accounts as of March 2022, saving European Union (EU)-based businesses...

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SIBS CEO: EU Digital Wallet Interoperability Will Reduce Dependence on ‘Rigid’ Global Networks
SIBS CEO: EU Digital Wallet Interoperability Will Reduce Dependence on ‘Rigid’ Global Networks
April 04, 2022  |  Cross-border Payments

“Very dependent on global networks.” That’s how Madalena Cascais Tomé, CEO of Portugal-based payments firm SIBS, described cross-border mobile payments across Europe — a challenge...

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Currencycloud Debuts Tool for off-Hour FX
Currencycloud Debuts Tool for off-Hour FX
March 24, 2022  |  Global Payments

Visa-owned cross-border payments platform Currencycloud has launched a tool called Weekend FX, designed to give clients the ability to offer competitive foreign exchange (FX) rates...

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APIs Can Help Businesses Scale Financial Capabilities Globally, Minimize Fraud
APIs Can Help Businesses Scale Financial Capabilities Globally, Minimize Fraud
March 24, 2022  |  API

Despite significant progress in recent years, making and receiving payments remains a complex challenge for small and large businesses alike, leaving more room for solutions...

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