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.

TerraPay and YeePay Partner on Cross-Border Payment Solutions
TerraPay and YeePay Partner on Cross-Border Payment Solutions
July 12, 2024  |  Cross-border Payments

TerraPay and YeePay have partnered to enhance cross-border payment solutions for customers. The new strategic partnership brings together TerraPay’s global money movement capabilities and YeePay’s enterprise...

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Instant Payments Versus Stablecoins: The Race to Rule Real-Time Transactions
Instant Payments Versus Stablecoins: The Race to Rule Real-Time Transactions
July 11, 2024  |  Payment Methods

The future of money movement is accelerating globally. With real-time payments on the U.S. RTP® Network and in Europe setting new usage records, and awareness...

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Sovos CEO Says Government Tax Compliance Mandates Push CFOs to  Modernize
Sovos CEO Says Government Tax Compliance Mandates Push CFOs to Modernize
July 11, 2024  |  Taxes

Governments around the world are using mandates to modernize and digitize all manner of activities, including how they collect taxes. To get a sense of...

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Mastercard to Facilitate Cross-Border Payments for Medical Tourism Association
Mastercard to Facilitate Cross-Border Payments for Medical Tourism Association
July 10, 2024  |  Healthcare

Mastercard and the Medical Tourism Association (MTA) have teamed up to modernize the medical tourism experience for patients and providers around the world.  The MTA will...

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HSBC’s Zing Leverages Visa Solutions for Cross-Border Payments
HSBC’s Zing Leverages Visa Solutions for Cross-Border Payments
July 09, 2024  |  Cross-border Payments

Visa announced Tuesday (July 9) that it partnered with Zing, a FinTech that is part of the HSBC Group, to develop an international payments app that Zing...

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Global Real-Time Payments to Top $58T by 2028
Global Real-Time Payments to Top $58T by 2028
July 05, 2024  |  Real-Time Payments

Real-time payments continue to advance globally. Banks, FinTechs, corporates and governments are all pursuing initiatives to accelerate payments for their citizens and customers. Real-Time Payments...

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Crypto’s Three Priorities for 2024: Interoperability, Acceptance, Regulation
Crypto’s Three Priorities for 2024: Interoperability, Acceptance, Regulation
July 04, 2024  |  Cryptocurrency

Halfway through 2024, and the cryptocurrency and blockchain space finds itself at a critical juncture.  It is the same critical juncture, or at least one...

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BIS Plans to Expand World’s Instant Payment Systems
BIS Plans to Expand World’s Instant Payment Systems
July 01, 2024  |  Real-Time Payments

The Bank for International Settlements (BIS) wants to expand the world’s largest instant payment system (IPS). BIS announced Monday (July 1), that it had completed...

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Western Union Grows Africa Retail Presence Via Morocco ‘Concept Store’
Western Union Grows Africa Retail Presence Via Morocco ‘Concept Store’
June 26, 2024  |  Cross-border Payments

Western Union is bringing its “concept store” concept to Africa with a new outpost in Morocco. The money transfer service announced the store — its...

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