Global payment network UnionPay has partnered with FinTech company TripLink to introduce the UnionPay Virtual Commercial Card in Singapore. This collaboration aims to address the cross-border payment needs of businesses, particularly in the airlines and hotel industries, the companies said in a Tuesday (Oct. 10) press release. The UnionPay Virtual...
Local and alternative payment methods — including digital wallets; online bank transfers; buy now, pay later (BNPL); and direct debit — are the most common means for consumers to buy goods online. Shoppers in Europe, for example, spend more than $388 billion online annually using...
Global eCommerce sales are predicted to grow by more than half over the next four years, with a projected value of $8.1 trillion by 2026. Scaling upward, however, remains a challenge for most online businesses, with more than 90% of eCommerce merchants earning less than...
Cross-border payments account for a massive amount of the cash flow crisscrossing the globe, with these transactions expected to total $39 trillion by 2022. These payments are more complex than domestic payments as they often have to be routed through several banks before reaching their...
July 07, 2021
Cross-border payments account for a massive amount of the cash flow crisscrossing the globe, with these transactions expected to total $39 trillion by 2022. These payments are more complex than domestic payments as they often have to be routed through several banks before reaching their final destinations. Each step of the process requires compliance with […]
August 09, 2024
Pitney Bowes has sold a controlling interest in most of its Global Ecommerce (GEC) segment operating in the United States to Hilco Global affiliate Hilco Commercial Industrial, which will wind down that business. This move will eliminate nearly all the losses associated with GEC, which amounted to $136 million in 2023, Pitney Bowes said in a Thursday (Aug. 8) press […]
October 21, 2015
Expanding global sales can be a tough obstacle for small and medium-sized businesses, but PayPal is looking to ease the journey through the release of two new eBooks geared at...
September 01, 2015
Not only is cross-border commerce on the rise but the latest data from Research and Markets shows global business-to-consumer (B2C) eCommerce will experience double-digit growth into 2017. According to the...
July 02, 2015
New York-based online retailer Zady, which caters its lifestyle goods to conscious consumers, announced a partnership with Borderfree to expand its offerings globally. In a company release yesterday (July 1),...
