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.

Stellar: Blockchain Is the Next Big Disruptor of the Cross-Border Payments Category
Stellar: Blockchain Is the Next Big Disruptor of the Cross-Border Payments Category
September 07, 2021  |  Blockchain

Blockchain may be among the buzzier of buzzwords as 2021’s end is in sight and 2022 looms near. At a high level, the shared, immutable...

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Today in Payments Around the World: Singapore May Relax SPAC Guidelines, Airwallex Obtains Money Services Business License In Malaysia
Today in Payments Around the World: Singapore May Relax SPAC Guidelines, Airwallex Obtains Money Services...
September 03, 2021  |  International

Today in payments around the world: Singapore considers easing SPAC listing guidelines. Plus, U.S. remittances to Mexico reach a record-high $4.54 billion and Airwallex gets...

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Airwallex Obtains Money Services Business License In Malaysia
Airwallex Obtains Money Services Business License In Malaysia
September 02, 2021  |  International

Australian FinTech platform Airwallex on Thursday (Sept. 2) announced that the company has secured a money services business (MSB) license from Bank Negara Malaysia, which...

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Cross-Border CBDCs Being Piloted in Australia, Malaysia, Singapore, South Africa
Cross-Border CBDCs Being Piloted in Australia, Malaysia, Singapore, South Africa
September 02, 2021  |  Digital-First Banking

Central bank digital currencies (CBDC) are being trialed for cross-border payments in Australia, Malaysia, Singapore and South Africa, according to Reuters and other news outlets...

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US Fiscal Stimulus Boosts Remittances to Mexico to Record $4.54B in July
US Fiscal Stimulus Boosts Remittances to Mexico to Record $4.54B in July
September 01, 2021  |  Global Payments

Remittances to Mexico from the U.S. are seeing new highs, hitting a record $4.54 billion in July, Bloomberg reported. The massive increase was driven by...

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Today In Payments Around The World: Tuition Refunds For Students In Australia, Visa And Arab Money Fund Partner On Cross-Border Payments
Today In Payments Around The World: Tuition Refunds For Students In Australia, Visa And Arab...
August 27, 2021  |  International

Today in payments around the world: UnionPay gives tuition refunds to international students studying in Australia, and Visa and Arab Money Fund work on expediting...

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Today In Payments Around The World: Chinese Regulatory Crackdown Keeps Growing, Facebook Nears Novi Launch
Today In Payments Around The World: Chinese Regulatory Crackdown Keeps Growing, Facebook Nears Novi Launch
August 26, 2021  |  International

Today in payments around the world: Facebook’s launch of its Novi cryptocurrency wallet could include NFT capabilities, and European flights began to rebound. Plus, there’s...

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Australia’s Airwallex Launches Its Cross Border Services In US
Australia’s Airwallex Launches Its Cross Border Services In US
August 25, 2021  |  Global Payments

Melbourne, Australia-based FinTech Airwallex announced in a press release it will operate under newly-approved licenses in the United States — the first North American country...

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Cambodia Partners With Malaysia For Cross-Border Digital Money Transfers
Cambodia Partners With Malaysia For Cross-Border Digital Money Transfers
August 13, 2021  |  International

Cambodia’s central bank is partnering with Malaysia’s Maybank for digital cross-border money transfers. The transfers will initially start with Malaysia to Cambodia, with Cambodia to...

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