Mexican commerce and digital payments platform Clip has obtained a $50 million credit facility from Morgan Stanley, J.P. Morgan and HSBC that it will use to continue adding payments solutions for the country’s businesses as well as improving financial access for both business and consumers....
National-level real-time interbank payment networks are increasingly recognized as one of the pillars of the modern economy, but the need to coordinate between banks, governments and industry means that rolling out such schemes is far from straightforward. For this reason, while pioneers such as South...
The Indian government will support free electronic transactions under Bharat Bill Pay Systems (BBPS), and could end up cracking down on companies charging fees, Economic Times of India reported. An unnamed official told Economic Times that the government will keep the unified payments interface as...
This month, PYMNTS examines the difficulties small- to medium-sized businesses (SMBs) face when making B2B cross-border payments, the solutions businesses are leveraging to address these pain points and how these innovations increase the range of products, services and payment methods available to businesses. Difficulties of...
Software-as-a-service (SaaS) platform Wix.com is collaborating with global payments company Choice to bring Automated Clearing House (ACH) electronic funds transfer payments to Wix’s U.S.-based merchants. This account-to-account payment option will enable retailers using Wix to access Choice’s ACH payments infrastructure and its omnichannel software solution,...
Bob Binford of Unique Carpets Ltd. says investing in fast, secure and easy cross-border payments tech saves time, money and sales. It’s something that 64% of businesses also confirm in new cross-border B2B payments research.
Lagos-based FinTech PalmPay has doubled its user base in the last six months to reach 10 million users in Nigeria. Since its 2019 launch, PalmPay has been growing its user base in Nigeria and Tanzania, where it provides a payment app and agency banking network to...
Qatar Central Bank (QCB) announced in a tweet Tuesday (Aug. 30) that it has issued the first license for digital payments to two companies that provide electronic payment services — iPay by Vodafone Qatar and Ooredoo Money. The central bank stated that the license represented...
The business world is in the midst of a significant global shift. More businesses than ever before are engaging in international operations as technology makes it easier and more effective for companies to explore cross-border business opportunities. Small to mid-sized businesses (SMBs) are also increasingly...