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.

Typical Cross Border Payment Touches 6 Banks Before Completion
Typical Cross Border Payment Touches 6 Banks Before Completion
March 01, 2022  |  B2B Payments

B2B payments face numerous hurdles even when they’re being made domestically, and adding international borders into the equation can compound the problem. Wire transfers and...

READ MORE >
Tranglo, Ripple Partner on Real-Time Cross-Border Payments
Tranglo, Ripple Partner on Real-Time Cross-Border Payments
March 01, 2022  |  Partnerships

Tranglo is teaming up with Ripple to tap its on-demand liquidity (ODL) service across its 25 payment corridors and enable remittance providers to process real-time...

READ MORE >
India Seals Iranian Urea Import Contract, Will Pay in Rupees
India Seals Iranian Urea Import Contract, Will Pay in Rupees
February 25, 2022  |  International

Payments for India’s urea deal with Iran — its first long-term Iranian import contract for the fertilizer since 2019 — will likely be made in...

READ MORE >
UK PM Boris Johnson Wants Russia Booted From SWIFT
UK PM Boris Johnson Wants Russia Booted From SWIFT
February 24, 2022  |  International

U.K. Prime Minister Boris Johnson on Thursday (Feb. 24) pushed “very hard” to remove Russia from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) international...

READ MORE >
FinTech Airwallex Debuts Multicurrency Virtual Business Cards in US
FinTech Airwallex Debuts Multicurrency Virtual Business Cards in US
February 23, 2022  |  Cross-border Payments

FinTech platform Airwallex has debuted its Airwallex Borderless Card, a virtual card issued by the Community Federal Savings Bank, which allows businesses to easily make...

READ MORE >
FinTech Transact365 Brings Platform to Latam
FinTech Transact365 Brings Platform to Latam
February 17, 2022  |  B2B Payments

U.K. FinTech Transact365 has launched its payments platform in Latin America, a move the company says makes it one of the region’s largest alternative finance...

READ MORE >
25% of US-Based Multinationals Plan to Invest in AP and AR Integration in Next 3 Years
25% of US-Based Multinationals Plan to Invest in AP and AR Integration in Next 3...
February 17, 2022  |  B2B Payments

To alleviate problems associated with legacy cross-border payments operations, a growing number of international businesses are planning to invest in digital innovations at some point...

READ MORE >
56% of Businesses Are Concerned About Cross-Border Payments Fraud
56% of Businesses Are Concerned About Cross-Border Payments Fraud
February 15, 2022  |  B2B Payments

In the global marketplace, successful payments decision makers have learned to connect the dots between optimizing their enterprise’s resources and ensuring that consumer and B2B...

READ MORE >
Korean FinTech WireBarley Collaborates With TenCent on Payments to China
Korean FinTech WireBarley Collaborates With TenCent on Payments to China
February 15, 2022  |  Cross-border Payments

Korean money transfer service WireBarley formed a partnership with Tencent Financial Technology for overseas remittances, the company said in a news release Tuesday (Feb. 15)....

READ MORE >