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.

Corpay to Acquire Cross-Border Payments Company GPS Capital Markets
Corpay to Acquire Cross-Border Payments Company GPS Capital Markets
June 19, 2024  |  Acquisitions

Corporate payments company Corpay is acquiring business-to-business cross-border/treasury management firm GPS Capital Markets. “GPS is our third largest deal ever. We’re quite excited about GPS’...

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Wise Plans to Hike Its  Payment Infrastructure Investment
Wise Plans to Hike Its Payment Infrastructure Investment
June 13, 2024  |  Cross-border Payments

Wise is upping its investment in payment infrastructure as its customer base grows. The U.K.-based money transfer firm on Thursday (June 13) released year-end results...

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This Week in Web3: Growing Crypto Acceptance and Cross-Border Payments
This Week in Web3: Growing Crypto Acceptance and Cross-Border Payments
June 12, 2024  |  Cryptocurrency

The state of crypto, just like the crypto market, remains promising – if volatile – in 2024. While many observers may have believed that the...

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5 Ideas to Transform Cross-Border Commerce With Blockchain Solutions
5 Ideas to Transform Cross-Border Commerce With Blockchain Solutions
June 07, 2024  |  Blockchain

Cross-border payments innovations are turning global growth frictions into modern fictions. Or, at least, they are working on it. Ripple and Clear Junction announced Wednesday...

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Fiserv and Monex USA Collaborate on International Wire Transfers
Fiserv and Monex USA Collaborate on International Wire Transfers
June 05, 2024  |  Partnerships

Fiserv and Monex USA will work together to help financial institutions complete international wire transfers. The companies said in a Wednesday (June 5) press release...

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Capturing Crypto’s Product-Market Fit Within Cross-Border Payments
Capturing Crypto’s Product-Market Fit Within Cross-Border Payments
June 04, 2024  |  Cross-border Payments

In a landscape defined by unprecedented digitization and global connectivity, cross-border payments remain a paradox. That’s because, despite the size of the total addressable market...

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Swift Turns to AI to Battle Cross-Border Payment Fraud
Swift Turns to AI to Battle Cross-Border Payment Fraud
May 30, 2024  |  Artificial Intelligence

Swift is partnering with a group of banking giants to combat cross-border payment fraud. The global messaging service announced in a news release Thursday (May...

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How Compliance Is Shaping the Future of Cross-Border Payments
How Compliance Is Shaping the Future of Cross-Border Payments
May 17, 2024  |  Cross-border Payments

There are over 19,000 tax jurisdictions worldwide — any of which can change in an instant. With new and emerging payment rails, such as instant payments, helping to...

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Banco Santander and Iberpay Launch International Real-Time Payments Service
Banco Santander and Iberpay Launch International Real-Time Payments Service
May 17, 2024  |  Real-Time Payments

Banco Santander and Iberpay have processed the first international instant transfers based on the European Payments Council’s One-Leg Out Instant Credit Transfer (OCT Inst) scheme. These transfers were initiated and completed in different currency...

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