Cross-border Payments

Cross-border Payments
Global Payments Company Wise Plans US Expansion
November 30, 2021

London-based global money transfer firm Wise will hire more than 150 new staff in 2022 as it expands its U.S. operations in Austin, Texas, relocates its New York City office to a bigger location and beefs up its staffing in Tampa, Florida, according to a...

Cross-border Payments
Uncertainty Surrounds PBOC Targeting of Alipay, WeChat Business Use of Personal Codes
November 29, 2021

In China, what seems to be a crackdown on Big Tech — on the payments giants in particular — continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cross-border Payments
As EU Rewrites the Rules on Censoring Illegal Content, Battle Lines Are Drawn
November 29, 2021

The European Union is on the verge of rewriting the rules of the road governing how search engines, online marketplaces, social media and other web platforms search out and remove illegal content. Get the Full Story Complete the form to unlock this article and enjoy...

Cross-border Payments
Carrefour’s Digital-First Expansion Brings Cashierless Tech to French Shoppers
November 29, 2021

French retail giant Carrefour announced this month in a press release the launch of the first artificial intelligence (AI)-powered store in Paris, dubbed Flash 10/10 (10 seconds to shop and 10 seconds to pay). Get the Full Story Complete the form to unlock this article...

Cross-border Payments
EMEA Daily: UK FinTech Thought Machine Hits $1B Valuation; Flutterwave Launches New Marketplace
November 29, 2021

In today’s top Europe, Middle East and Africa (EMEA) news, U.K. FinTech startup Thought Machine raises $200 million at a $1 billion valuation; Flutterwave launches new a marketplace; the U.K.’s Financial Conduct Authority (FCA) proposes changes to European Union regulation; inflation and the pandemic harm...

Cross-border Payments
Tencent Opens WeChat to Alibaba, Other Social Media Rivals 
November 29, 2021

Tencent Holdings Ltd. is opening its WeChat groups and will soon allow Alibaba’s Tmall and Taobao, among other social media rivals, to display their own external shopping site links, marking the slow removal of obstacles between Tencent and its Chinese rivals, Bloomberg reported Monday (Nov....

Cross-border Payments
European Banks Seek EU Exemptions to Access London Trading Markets
November 28, 2021

Banking groups in the Eurozone want access to the London derivatives trading market — a multi-trillion dollar market — and other major markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cross-border Payments
UK Expands Financial Regulators’ Duties
November 28, 2021

The U.K. will be looking at making its regulators help boost growth and competition in finance, in addition to their other tasks, a Wall Street Journal (WSJ) report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cross-border Payments
Top International eCommerce Merchants Support 24 Currencies for Cross-Border Transactions
November 26, 2021

Payments localization is becoming more integral to cross-border eCommerce success as more merchants personalize checkouts for customers in different geographic locations. Supporting the right mix of currencies and payment options is becoming more paramount as merchants’ competitors add more of both. Get the Full Story...