Syria has reportedly made its first international bank transfer via the SWIFT system since 2011. As Reuters noted in its report Thursday (June 19), that was the year the country’s civil war broke out. The transfer, the report said, marks a milestone in Syria’s effort...
Introduction: Online merchants can branch out into new markets and geographies. But to do so, and to boost sales, they must carry forward the implementation of a broad range of currencies, which means foreign exchange (FX) costs come into play. The impact of hidden FX...
Nigeria, Africa’s largest economy, has all the tools for success in today’s connected global economy. But despite its economic prowess, restricted access to foreign currencies remains a major hurdle that is hampering international transactions, curtailing investments, and limiting individuals’ abilities to tap into global opportunities. ...
Flutterwave has extended its remittance solution to the United States and Canada, enabling money transfers from those countries to Africa. With this expansion, the Send App can now be used to send money to and from 34 countries around the world, the payments technology company said in a...
Fundacíon Dondé has rolled out Western Union remittance services at 332 branch offices across Mexico. The nonprofit private assistance institution’s partnership with Western Union now enables Mexican families to receive up to 50,000 Mexican pesos (about $3,000) per remittance, the organizations said in a Wednesday...
Selecting countries ripe for cross-border expansion requires thoughtful analysis of the payments landscape within different geographies to enable successful market penetration with minimal cost and risk to the merchant. That was a key takeaway from a PYMNTS conversation with Roman Tazetdinov, head of geo expansion at Worldline....
Payment platform dLocal has debuted a new “all-in-one” tool for online businesses. dLocal for Platforms lets dLocal onboard sellers, service providers or contractors to the platform, while dLocal verifies them before paying out, according to a Thursday (April 13) press release. “Everyone selling their services...
Foreign exchange (FX) volatility presents challenges for cross-border payments, but digital multi-currency wallets offer a solution. According to Ola Oyetayo, CEO at B2B cross-border FX and payments enabler Verto, several of their customers are concerned about how the “macro” will impact them on a 6-month...
Galileo Financial Technologies has teamed with money transfer company Pomelo to add its API-enabled technology to the Pomelo card. The company said in a news release that the card lets families in the U.S. build and extend credit access abroad without racking up costly remittance...