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.

Africa’s Internet-Connected Population Provides Opportunity For Mobile Money
Africa’s Internet-Connected Population Provides Opportunity For Mobile Money
November 05, 2018  |  International

In many parts of sub-Saharan Africa, almost 90 percent of all payments and transactions are based on cash. But there is a large opportunity to...

READ MORE >
Faster Payments, Real-Time Payments And A Few Glitches
Faster Payments, Real-Time Payments And A Few Glitches
November 01, 2018  |  Faster Payments

Speed matters in payments, and as B2B moves away from checks, some recent infrastructure initiatives and announcements show traction in Europe and Asia.  However, as...

READ MORE >
Klarna Integrates Sofort With Shopify Payments; Japan Mulls QR Code Standard For Transit
Klarna Integrates Sofort With Shopify Payments; Japan Mulls QR Code Standard For Transit
October 30, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Klarna’s integration with Shopify for payments to German merchants....

READ MORE >
Adyen Expands Into Canada, Adds Adidas As Client
Adyen Expands Into Canada, Adds Adidas As Client
October 30, 2018  |  International

Adyen, the payments platform company, announced Tuesday (Oct. 30) that it has expanded into Canada and landed four new customers. In a press release, Adyen...

READ MORE >
Late Payments A Growing Problem In Western Europe
Late Payments A Growing Problem In Western Europe
October 30, 2018  |  B2B Payments

Late payments, as tracked by Atradius, are a growing problem across Western Europe, and insufficient availability of funds remains the culprit. Elsewhere, studies show that Slovakia...

READ MORE >
India-Japan Currency Swap Designed To Stabilize Rupee
India-Japan Currency Swap Designed To Stabilize Rupee
October 29, 2018  |  International

Hoping to stabilize the rupee, India has agreed to a $75 billion currency swap with Japan, according to reports on Monday (Oct. 29). “The deal...

READ MORE >
Small Business FinTech Takes Center Stage With VCs
Small Business FinTech Takes Center Stage With VCs
October 26, 2018  |  B2B Payments

Cybersecurity investment probably won’t let up anytime soon. Indeed, this week did see some cybersecurity funding action, with several big-name backers participating in the $85...

READ MORE >
SWIFT X-Border Payments Test ‘Instant’ Success?
SWIFT X-Border Payments Test ‘Instant’ Success?
October 25, 2018  |  Payments Innovation

SWIFT says its global payments innovation (gpi) payments test across borders has been a success. Elsewhere, payments system improvement initiatives are underway, notably in the...

READ MORE >
Grab, Mastercard Bring Prepaid Cards To Southeast Asia
Grab, Mastercard Bring Prepaid Cards To Southeast Asia
October 24, 2018  |  Payment Methods

Grab, the ride-hailing company out of Southeast Asia, and Mastercard, the payment company, announced on Wednesday (Oct. 24) a partnership to issue prepaid cards tailored...

READ MORE >