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.

Apto Payments on Why Gaining Merchants’ Trust Is Key to Taking Crypto Mainstream
Apto Payments on Why Gaining Merchants’ Trust Is Key to Taking Crypto Mainstream
October 12, 2021  |  Cryptocurrency

The buzz around using cryptocurrencies for transactions has grown in recent months as businesses and consumers examine their potential after more than a year of...

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ClearBank Expands Into Multi-Currency Offerings for FIs, FinTechs
ClearBank Expands Into Multi-Currency Offerings for FIs, FinTechs
October 10, 2021  |  B2B Payments

Cloud-based clearing bank ClearBank has rolled out a new multi-currency solution intended to cut down on friction for FinTechs and financial institutions (FIs) working with...

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BNY Mellon Introduces Blockchain Tech to International Trade Finance  
BNY Mellon Introduces Blockchain Tech to International Trade Finance  
October 05, 2021  |  Blockchain

Corporate investment banking company BNY Mellon, through its participation in the Marco Polo Network, has become part of a group working to introduce blockchain technology...

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QNB, Ripple Partner on Cross-Border Payments
QNB, Ripple Partner on Cross-Border Payments
October 04, 2021  |  Cross-border Payments

Qatar National Bank (QNB) has unveiled its global cross-border payment strategy, which is happening through a partnership with the blockchain solutions provider Ripple. As the...

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Western Union Partners With African Banks for Easy Cross-Border Transfers
Western Union Partners With African Banks for Easy Cross-Border Transfers
September 30, 2021  |  Cross-border Payments

Western Union is teaming up with major financial institutions (FIs) in Africa to make digital cross-border money transfers and bill payments faster and easier, according...

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CBDCs Lower Costs and Settlement Times for X-Border Payments 
CBDCs Lower Costs and Settlement Times for X-Border Payments 
September 30, 2021  |  Cross-border Payments

For central bank digital currencies (CBDCs), time is of the essence. Literally. Just a few weeks after the Bank of International Settlements (BIS) urged central...

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Crypto for Cross-Border Payments Backed By Half of Multinationals, New Study Shows
Crypto for Cross-Border Payments Backed By Half of Multinationals, New Study Shows
September 28, 2021  |  B2B Payments

While the embrace of blockchain technology and use cases for digital currencies are clearly disruptive and rising quickly, nowhere has this budding asset class received...

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Airwallex, Stake Team on Cross-Border Payments
Airwallex, Stake Team on Cross-Border Payments
September 27, 2021  |  B2B Payments

FinTech company Airwallex has announced that it will be used by Australia-based digital brokerage Stake as a cross-border payments and foreign exchange (FX) partner, according...

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New Data: Almost 25% of US Cross-Border Remittance Senders Use Crypto
New Data: Almost 25% of US Cross-Border Remittance Senders Use Crypto
September 24, 2021  |  Cross-border Payments

Cross-border remittances are a lifeline for many developing economies, but high fees and long processing times can make timely payments difficult for those who may...

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