Small businesses in the United States purchasing overseas want faster payments, lower fees and better exchange rates. Financial providers are combining accounts, currency management and spending services around that activity. The PYMNTS Intelligence report “The Cross-Border Opportunity: What Global Sourcing by US SMBs Means for...
Users of Relay’s small business banking and money management platform have sent over $500 million in cross-border payments through Nium’s global money movement platform since the companies launched their partnership about a year ago, according to a Monday (Oct. 19) press release. The users sent...
Visa has begun rolling out stablecoin-enabled prefunding that makes stablecoin-powered money movement available for businesses that run cross-border payments through Visa Direct, the company said in a Thursday (Oct. 15) press release. The first enabler of the new offering is Inyo Global, a Visa Direct...
Watch more: Need to Know with Bank of America’s Daniel Stanton Companies have upgraded their treasury systems while the payment networks, banks and data they rely on remain fragmented. The sheer number of ways to move money has increased. Wires and domestic clearing systems remain....
Cross-border payments are proving to be the strongest use case for stablecoins, Mastercard CEO Michael Miebach said Friday (Oct. 9), Bloomberg reported. During an interview with Bloomberg TV, Miebach said stablecoins provide an alternative to traditional methods of cross-border payments that take days and have unclear fees. “From a working...
Moving money across borders may be one of the last steps in an international payment. Getting the money ready to move can take considerably longer. Before a multinational company pays an overseas supplier, its finance team often needs to verify the counterparty, reconcile an invoice...
The next sanctions shock for a multinational may not arrive as the name of a supplier appearing on a government blacklist. It could arrive as a payment that suddenly stops working. In a Monday (Oct. 5) alert, the Treasury Department’s Office of Foreign Assets Control...
Conventional wisdom says large corporations should dominate cross-border payments. They have global banks, treasury teams, negotiated FX rates, sophisticated treasury management system (TMS) platforms and local accounts. But the 2026 payments infrastructure may be creating a strange inversion where a small business can get a...
Watch more: Need to Know With Spreedly’s Nick Daley Selling in another country can force a merchant to find out how much growth its payments infrastructure can actually support. New markets bring local payment preferences, new providers and different transaction economics, while every connection adds...