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.

OwlTing Integrates Digital Wallet With Stellar Blockchain
OwlTing Integrates Digital Wallet With Stellar Blockchain
August 02, 2024  |  Mobile Wallets

OwlTing Group integrated its digital wallet, OwlPay Wallet Pro, with the Stellar blockchain to support the USDC stablecoin on Stellar. The integration will expand the...

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A Global Look at Real-Time Payments Adoption
A Global Look at Real-Time Payments Adoption
August 02, 2024  |  Real-Time Payments

The global demand for real-time payments continues along an upward trajectory. Nations on every continent are taking steps to accelerate transactions for both consumers and...

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Mastercard Teams With UK Neobank Ampere on Card-to-Card Payments
Mastercard Teams With UK Neobank Ampere on Card-to-Card Payments
August 01, 2024  |  Partnerships

Mastercard and U.K. neobank Ampere teamed up to enhance the latter’s services for small businesses. The collaboration expands Ampere’s services and transfers offering, allowing its...

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8 in 10 Large Merchants Have Faced Cyber Attacks in Past Year
8 in 10 Large Merchants Have Faced Cyber Attacks in Past Year
August 01, 2024  |  Cybersecurity

Merchants in the United States, particularly those handling international transactions, are grappling with increasing cybersecurity challenges. With 82% of large merchants reporting data and cyber...

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PingPong Scores Payments License in Indonesia
PingPong Scores Payments License in Indonesia
July 31, 2024  |  Cross-border Payments

Enterprise-focused cross-border payments platform PingPong has won approval to do business in Indonesia. Bank Indonesia, the country’s central bank, has granted the company a payment...

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Prósperos Launches Mobile Financial Platform for Spanish-Speaking Consumers in US
Prósperos Launches Mobile Financial Platform for Spanish-Speaking Consumers in US
July 24, 2024  |  Mobile Payments

Prósperos has announced the general availability of its mobile financial platform designed for Spanish-speaking consumers in the United States and their families in Latin America....

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Morgan Stanley Buys Stake in UK Payments Firm Sokin
Morgan Stanley Buys Stake in UK Payments Firm Sokin
July 24, 2024  |  Investments

British payments firm Sokin is planning to expand following an investment by Morgan Stanley. Investment funds managed by the banking giant had purchased a stake...

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TerraPay: Scaling Cross-Border Payments Means Reducing How Much They Cost
TerraPay: Scaling Cross-Border Payments Means Reducing How Much They Cost
July 22, 2024  |  Cross-border Payments

Innovation within payments and commerce is increasingly centered on fostering global financial interoperability and inclusion. Already, the first half of 2024 has been particularly action-packed...

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JPMorgan and Standard Charters Back Blockchain Rails Firm Partior’s $60 Million Fund Raise
JPMorgan and Standard Charters Back Blockchain Rails Firm Partior’s $60 Million Fund Raise
July 12, 2024  |  Investments

Partior has raised $60 million in a Series B funding round to add new capabilities and more currencies to its global unified ledger-based interbank rails...

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