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.

Thunes Leans on Xoom for Broader Worldwide Reach 
Thunes Leans on Xoom for Broader Worldwide Reach 
October 25, 2021  |  Cross-border Payments

Global cross-border payments network Thunes on Monday (Oct. 25) said it’s teaming up with PayPal digital remittance service Xoom to allow customers in the U.S....

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Deel Nets $425M in Series D Funding
Deel Nets $425M in Series D Funding
October 18, 2021  |  Investments

Remote hiring company Deel has generated $425 million in its most recent Series D funding round, pushing the total amount raised to more than $630...

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Mastercard, Previse Partner on Cross-Border Payment Services  
Mastercard, Previse Partner on Cross-Border Payment Services  
October 18, 2021  |  Cross-border Payments

Mastercard and British artificial intelligence-powered payments FinTech company Previse have joined forces on the integration of Mastercard Cross-Border Services, according to a Monday (Oct. 18) press release....

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Deep Dive: How Multiple Payment Gateways Can Help Boost Merchants’ Cross-Border Sales
Deep Dive: How Multiple Payment Gateways Can Help Boost Merchants’ Cross-Border Sales
October 18, 2021  |  Cross-border Payments

Most shoppers who shifted online during the pandemic will maintain their digital habits indefinitely, and projections show that a growing share of eCommerce will be...

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BidVertiser on How Payments Automation Can Help Optimize Collections Processes for Advertising Firms
BidVertiser on How Payments Automation Can Help Optimize Collections Processes for Advertising Firms
October 15, 2021  |  B2B Payments

B2B advertising is going decidedly digital as firms eye new markets to secure revenue growth. In the Payments In B2B Advertising Report, Shahar Jacobi, CEO...

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Artsy on Leveraging Mobile Payments to Drive Cross-Border Art Sales
Artsy on Leveraging Mobile Payments to Drive Cross-Border Art Sales
October 15, 2021  |  Cross-border Payments

Auction houses and art galleries are ready to take their operations global and are going all-in to reach buyers online. In the Cross-Border Retail Payments...

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Veem, Visa Team on Virtual Card, Cross-Border Payments for SMBs
Veem, Visa Team on Virtual Card, Cross-Border Payments for SMBs
October 14, 2021  |  SMBs

Business payment service provider Veem is partnering with Visa to bring a virtual card program and fast, secure cross-border money transfers to small- to medium-sized...

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Art Purveyors Expand Their Payment Palettes to Serve Customers Across Borders
Art Purveyors Expand Their Payment Palettes to Serve Customers Across Borders
October 14, 2021  |  Cross-border Payments

With most consumers who migrated to online shopping during the pandemic expected to remain there, eCommerce will most likely remain the dominant form of purchase...

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BNY Mellon, Microsoft Azure Boost Cloud-Based Wire Payments
BNY Mellon, Microsoft Azure Boost Cloud-Based Wire Payments
October 12, 2021  |  Partnerships / Acquisitions

BNY Mellon is moving its wire payments infrastructure to Microsoft Azure and is also developing a treasury cash management relationship with Microsoft Treasury built on...

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