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.

PayPal’s Xoom Begins Settling Cross-Border Payments with Stablecoin
PayPal’s Xoom Begins Settling Cross-Border Payments with Stablecoin
November 19, 2024  |  Cross-border Payments

PayPal will begin letting its disbursement partners use PayPal USD to settle cross-border money transfers. The new service will be offered through PayPal’s Xoom cross-border...

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Corpay Renews FX Payments Pact With World Aquatics
Corpay Renews FX Payments Pact With World Aquatics
November 18, 2024  |  Partnerships

Corpay is extending a payments partnership with international aquatic sports governing body World Aquatics. The agreement will see Corpay’s cross-border business continue to serve as...

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Ant International and OCBC Partner on Tokenized Cross-Border Payments
Ant International and OCBC Partner on Tokenized Cross-Border Payments
November 06, 2024  |  Cross-border Payments

FinTech Ant International and Singapore bank OCBC are collaborating to enhance cross-border fund settlements. The goal of the partnership is to explore innovations in tokenized...

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This Week in Web3: Crypto Policies and American Innovation
This Week in Web3: Crypto Policies and American Innovation
November 06, 2024  |  Blockchain

The U.S. marketplace will likely become more cryptocurrency-friendly with industry-backed lawmakers winning in Congress and the White House this election cycle. Many crypto community experts...

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Global Push for Real-Time Payments: EU, Brazil and South Africa Lead the Way
Global Push for Real-Time Payments: EU, Brazil and South Africa Lead the Way
November 06, 2024  |  Real-Time Payments

Real-time payments are becoming increasingly popular worldwide, with new implementations and innovations emerging regularly. The European Union has been a traditional leader in real-time payments,...

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Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
October 31, 2024  |  Mastercard

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts...

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DailyPay Expands Visa Relationship to Offer International Remittances
DailyPay Expands Visa Relationship to Offer International Remittances
October 28, 2024  |  International

DailyPay added an international remittance feature to its platform. The new addition is powered by the financial technology solution ReadyRemit by Brightwell and Visa Direct....

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Account Verification Becomes Critical Factor in Cross-Border Payments
Account Verification Becomes Critical Factor in Cross-Border Payments
October 28, 2024  |  Cross-border Payments

Money movement across borders promises to speed the flow of funds between consumers and corporations if done digitally. But commerce is marked by complexity and...

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Putin: No Plans to Create BRICS Cross-Border Payments System
Putin: No Plans to Create BRICS Cross-Border Payments System
October 25, 2024  |  Cross-border Payments

Russian President Vladimir Putin reportedly said Thursday (Oct. 24) that there are no plans to create a new system for cross-border payments between BRICS countries....

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