Despite making major strides in functionality, legacy payment rails like ACH still come with their challenges — especially when facilitating B2B payments. Innovators have turned their attention and energy toward mitigating those points of friction, either though solutions that sit on top of existing payment...
In financial services, demand for ease of use and security are sky-high, even for business customers. But for many service providers, achieving one can often mean compromising the other. Payments and financial service providers are facing an even greater challenge in balancing these two capabilities...
Pan-European payment infrastructure provider EBA CLEARING is rolling out a new request to pay (R2P) solution supported by 26 payment service providers (PSPs) from 11 countries, the company said in a press release on Wednesday (Sept. 18). With the R2P solution anticipated to go live...
The global travel industry generates approximately $1.4 trillion in revenue annually and, in doing so, spends 5.4 percent of its revenue processing payments. In fact, worldwide airlines, travel agencies and hotels spend some $75 billion per year to pay their payment service providers. That’s as...
October 19, 2023
Airwallex, a global payments and financial platform for businesses, has announced a deal to acquire MexPago, a Mexico-based payment service provider. This acquisition marks Airwallex’s entry into the Latin American market, unlocking opportunities for businesses in Mexico to operate globally and for international companies to establish a presence in Mexico, according to a Thursday (Oct. 19) […]
September 18, 2019
Pan-European payment infrastructure provider EBA CLEARING is rolling out a new request to pay (R2P) solution supported by 26 payment service providers (PSPs) from 11 countries, the company said in...
