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.

Today In Payments: ClassPass, MindBody Reportedly Eye Merger, IPO; Western Union Shows C2C X-Border Transfer Revenues Up 6 Pct
Today In Payments: ClassPass, MindBody Reportedly Eye Merger, IPO; Western Union Shows C2C X-Border Transfer...
May 05, 2021  |  News

In today’s top news, fitness companies ClassPass and MindBody have reportedly been discussing a merger, and cross-border remittances were up in Western Union’s first-quarter earnings...

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Tala and Visa Partnership Seeks To Ignite Stablecoin Use In Emerging Markets
Tala and Visa Partnership Seeks To Ignite Stablecoin Use In Emerging Markets
May 05, 2021  |  Cryptocurrency

Call it an ignition play for cryptocurrency — specifically, making crypto spendable, not just a store of value — across borders with the unbanked populations...

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Western Union Shows C2C X-Border Transfer Revenues Up 6 Pct
Western Union Shows C2C X-Border Transfer Revenues Up 6 Pct
May 04, 2021  |  Earnings

Western Union (WU) reported first-quarter earnings results that showed a rebound in cross-border activity, particularly in remittances, done digitally. The company said that total cross-border...

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Global Payments To Buy Real Estate Tech Firm Zego For $830 Million
Global Payments To Buy Real Estate Tech Firm Zego For $830 Million
May 04, 2021  |  Partnerships / Acquisitions

Atlanta-based Global Payments has inked a deal to acquire Zego, which offers a property management software platform. “We are delighted to expand our software and...

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Uruguay’s Payments Startup dLocal Files For IPO, Report Says
Uruguay’s Payments Startup dLocal Files For IPO, Report Says
May 03, 2021  |  IPO

Payments startup dLocal has confidentially filed for a U.S. initial public offering (IPO), Bloomberg reported, citing unnamed sources. The company, based in Uruguay, is working...

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Remittances Sent To Mexico Reached Over $4 Billion In March
Remittances Sent To Mexico Reached Over $4 Billion In March
May 03, 2021  |  Global Payments

Mexican workers abroad sent a record amount of money back to their home country in March, with remittances reaching $4.15 billion, Bloomberg reported. That amount...

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Alviere, Currencycloud Team On B2B eWallet For X-Border Payments
Alviere, Currencycloud Team On B2B eWallet For X-Border Payments
May 02, 2021  |  B2B Payments

Embedded finance platform provider Alviere and cross-border finance specialist Currencycloud are collaborating on what they called in press release a “multicurrency cross-border embedded finance solution.”...

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Global Payroll Unlocks The Middle Ground Between Employer And Talent
Global Payroll Unlocks The Middle Ground Between Employer And Talent
April 30, 2021  |  B2B Payments

The recent evolution of B2B payments has expanded the focus of what it means to add value and combat friction. Technology no longer has to...

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Visa Direct Transactions Surge Almost 60 Pct YoY
Visa Direct Transactions Surge Almost 60 Pct YoY
April 27, 2021  |  Earnings

Visa posted second quarter fiscal year earnings results that showed continued momentum in debit spending and tap to pay, some lessening of the headwinds in...

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