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.

Rapyd Acquires Neat to Advance Cross-Border Trade
Rapyd Acquires Neat to Advance Cross-Border Trade
January 31, 2022  |  Acquisitions

Global FinTech-as-a-service company Rapyd finalized its acquisition deal for cross-border trade enabling platform Neat, which specializes in assisting small- to medium-sized businesses (SMBs) and startups,...

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Today in the Connected Economy: Google Invests $1B in Airtel
Today in the Connected Economy: Google Invests $1B in Airtel
January 28, 2022  |  Connected Economy

Today in the connected economy, Google makes a $1 billion investment in India’s Bharti Airtel, while Brooks Brothers and Citi extend their consumer credit alliance....

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Mastercard: Contactless Payments Now 50% of Global in-Person Transactions
Mastercard: Contactless Payments Now 50% of Global in-Person Transactions
January 27, 2022  |  Earnings

Mastercard’s latest earnings results show double-digit gains in debit and credit spending, a rebound in cross-border activity — and contactless payments, increasingly, becoming the preferred...

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From Startups to Institutions: Solving X-Border Challenges in Africa to Facilitate Remittance Flows
From Startups to Institutions: Solving X-Border Challenges in Africa to Facilitate Remittance Flows
January 27, 2022  |  Global Payments

For most consumers sending money abroad, peer-to-peer (P2P) payments are slow and costly. According to data PYMNTS gathered on cross-border remittances, of the 70% of...

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Payments Firm PingPong Considers $1B IPO
Payments Firm PingPong Considers $1B IPO
January 27, 2022  |  IPO

PingPong, a Chinese startup that helps eCommerce merchants make cross-border payments, is considering an initial public offering (IPO) to raise up to $1 billion. Sources...

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Binance Ending Halt on SEPA Payments
Binance Ending Halt on SEPA Payments
January 26, 2022  |  Cross-border Payments

Cryptocurrency exchange Binance is preparing to once again accept deposits from the Single Euro Payments Area (SEPA), ending a months-long freeze. As Bloomberg News reported,...

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Transact365 Brings Cross-Border Payments to India
Transact365 Brings Cross-Border Payments to India
January 25, 2022  |  Global Payments

Transact365, a FinTech based in the United Kingdom, has added cross-border payments for merchants to and from India to its suite of services, according to...

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Digital River Debuts Drop-in Checkout, Allows Payment Acceptance with Global Compliance
Digital River Debuts Drop-in Checkout, Allows Payment Acceptance with Global Compliance
January 25, 2022  |  eCommerce

Global commerce enabler Digital River has debuted a new Drop-in Checkout offering, letting brands accept payments more quickly without major investments in development or resources,...

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Blockchain Technology Can Take the Sting out of Cross-Border Payments
Blockchain Technology Can Take the Sting out of Cross-Border Payments
January 21, 2022  |  B2B Payments

Cross-border B2B payments can be challenging, with regulatory differences, language barriers and high global remittance costs. Regulatory differences increase turnaround times for transactions and negotiations,...

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