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 Stripe,’ Paystack, Snags $8M From Visa, Tencent, Stripe
‘Africa’s Stripe,’ Paystack, Snags $8M From Visa, Tencent, Stripe
August 29, 2018  |  Investments

Paystack, the Nigerian payments company, announced on Tuesday (Aug. 28) that it raised $8 million in a Series A round. According to a report in Quartz, citing...

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PayPal’s Xoom, Euronet’s Ria Pair On Remittances
PayPal’s Xoom, Euronet’s Ria Pair On Remittances
August 28, 2018  |  Partnerships / Acquisitions

PayPal has increased its foothold in Eastern Europe and Africa, and has boosted its presence in the global remittance market, through a new partnership agreement....

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LumoXchange Launches In Philippines; UAE Exchange Rebrands Fiji Business
LumoXchange Launches In Philippines; UAE Exchange Rebrands Fiji Business
August 27, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes LumoXchange’s launch in the Philippines. In addition, Wirecard Brazil is rolling...

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Late Payments See Far-Flung Impact Around The Globe
Late Payments See Far-Flung Impact Around The Globe
August 27, 2018  |  B2B Payments

It’s not just a United Kingdom problem. Late payments are becoming a hallmark across the globe. And as our latest tracker shows, in some areas, the...

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Silk Way Bank Unveils SWPay; Alipay Takes Steps To Prevent Fraud
Silk Way Bank Unveils SWPay; Alipay Takes Steps To Prevent Fraud
August 24, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Silk Way Bank’s launch of a new project for cashless...

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ThinkSmart Sells ClearPay Shares To Afterpay Touch; Sainsbury’s Tests Mobile Checkout
ThinkSmart Sells ClearPay Shares To Afterpay Touch; Sainsbury’s Tests Mobile Checkout
August 23, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes ThinkSmart Europe Limited‘s sale of ClearPay shares to Australia’s Afterpay...

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Ripple Makes Ripples In Cross-Border Payments
Ripple Makes Ripples In Cross-Border Payments
August 23, 2018  |  B2B Payments

Yes, digital currencies have had a hard time of it. Yes, they are down as a group by as much as 70 percent from their peaks. The...

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Ripple Eyes (x)Rapid For X-Border Funds; Europeans Row Over Payments
Ripple Eyes (x)Rapid For X-Border Funds; Europeans Row Over Payments
August 23, 2018  |  International

Digital tokens have had a hard time of it, but in recent cross-border news, Ripple is helping XRP and xRapid make inroads in remittances. Plus, a...

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Germany Wants New, Non US Global Payments System
Germany Wants New, Non US Global Payments System
August 22, 2018  |  International

Germany’s Minister of Foreign Affairs Heiko Maas has called for the European Union (EU) to create a new payments system, independent in response to the United...

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