Watch more: Need to Know If businesses can’t see their cash, they might as well not have any. That’s especially true against today’s volatile global backdrop, where multinational companies are rethinking how they move money across borders. “One thing that all treasury organizations are looking...
Cross-border payment and digital financial network Obita received more than $10 million in an angel round. The new funding will be used for research and development, compliance infrastructure development and market expansion, aimed at speeding the deployment of Obita’s stablecoin-based cross-border payment network, according to...
As the de minimis exemption came to an end Friday (Aug. 29), postal services around the world suspended shipments to the United States or made changes to comply with new U.S. customs requirements. In a roundup article posted Friday, Reuters reported that several of the...
Mastercard has partnered with Zand, a United Arab Emirates-based, artificial intelligence-driven FinTech and financial services group. The collaboration will use Mastercard Move to enable seamless cross-border transfers, from bank accounts to mobile wallets and cash pickup, across the UAE and beyond, according to a Thursday...
Payoneer now enables real-time, 24/7 global intracompany transfers via Citi’s tokenized liquidity and payment platform, Citi Token Services. With this capability, Payoneer can transfer funds between its global accounts in participating branches and currencies with greater speed, automation and transparency, the companies said in a...
Riva Money raised $3 million in a pre-seed funding round to support the global rollout of its blockchain-powered technology that facilitates global money transfers. The company will use the new funding to roll out this solution in Europe, Asia and North America, expand its operations...
Western Union is looking to stablecoins and artificial intelligence (AI) to deliver efficiencies at a time when it is dealing with the effects of macroeconomic and political uncertainty. A slowdown in its North America retail business and lower revenue in Iraq drove a 4% decrease...
PayPal has introduced a cryptocurrency payments feature it says is aimed at easing cross-border commerce. Pay with Crypto, announced Monday (July 28), is designed to connect merchants to what the company describes as a more than $3 trillion market by allowing for instant crypto to...
PayPal has launched a cross-border payments platform connecting many of the world’s largest payments networks. PayPal World, announced Wednesday (July 23), is debuting with partners that include Tenpay Global from China, and India’s NPCI International Payments Limited, which operates the country’s UPI mobile payments network. In addition, PayPal has...