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.

Cross-Border Digital Wallets as the Antidote to Cash?
Cross-Border Digital Wallets as the Antidote to Cash?
September 20, 2024  |  Mobile Wallets

Taking a payment mechanism that’s been around for centuries and bringing it fully into the digital age requires work. But as Ralph Koker, global head...

READ MORE >
Mastercard and Safaricom Team on Cross-Border Payments in Kenya
Mastercard and Safaricom Team on Cross-Border Payments in Kenya
September 19, 2024  |  Partnerships

Mastercard has launched a partnership with East African telecom Safaricom. The collaboration, announced in a news release Thursday (Sept. 19), is designed to boost the...

READ MORE >
How AI and Blockchain Innovations Are Reshaping Cross-Border Commerce
How AI and Blockchain Innovations Are Reshaping Cross-Border Commerce
September 19, 2024  |  Cross Border Commerce

The bigger the connected economy gets, the smaller the effort it takes to join. In today’s increasingly interconnected world, cross-border commerce is no longer a...

READ MORE >
Visa and Dtcpay Partner to Facilitate Use of Digital Currencies
Visa and Dtcpay Partner to Facilitate Use of Digital Currencies
September 18, 2024  |  Partnerships

Visa and Singapore-based digital payments solutions provider dtcpay partnered to help consumers and businesses convert digital currencies into fiat and make digital payments. By integrating...

READ MORE >
Loop Raises $4.7 Million for Small Business Money Movement Service
Loop Raises $4.7 Million for Small Business Money Movement Service
September 17, 2024  |  Investments

Loop raised $6.4 million CAD ($4.7 million) to expand its financial management platform for small businesses. The funding comes on top of a $4 million...

READ MORE >
What Payments Professionals Should Know About Biometric B2B Payments
What Payments Professionals Should Know About Biometric B2B Payments
September 16, 2024  |  Biometrics

There are over 8 billion people alive on earth, and their growing expectations around frictionless and secure digital experiences are continually transforming payments and commerce....

READ MORE >
This Week in B2B: Embracing Automation, Digitizing Payments, Unlocking Value
This Week in B2B: Embracing Automation, Digitizing Payments, Unlocking Value
September 12, 2024  |  B2B Payments

Digital transformation is a one-way street and a two-way journey — particularly within B2B. Embracing innovation is a one-way exercise in that businesses that realize...

READ MORE >
Cross-Border Payments Cost Could Be Cut by Blockchain, If It Can Only Solve the Scale Problem
Cross-Border Payments Cost Could Be Cut by Blockchain, If It Can Only Solve the Scale...
September 11, 2024  |  Blockchain

Cross-border payments suffer from inefficiencies such as high fees, slow settlement times and poor transparency, making international transactions costly and cumbersome. Blockchain technology offers transformative...

READ MORE >
Real-Time Payments Reach Key Milestones in the US, Switzerland and Australia
Real-Time Payments Reach Key Milestones in the US, Switzerland and Australia
September 06, 2024  |  Real-Time Payments

Real-time payments continue their rapid global expansion, with banks and governments updating existing systems and introducing new ones for their citizens and customers. Australia is...

READ MORE >