Global expansion for eCommerce merchants, while offering vast opportunity, remains a complex arena where payment failures and consumer preferences can quickly derail international sales, according to a new report. The “Payments Optimization: Powering Global eCommerce Growth” report, part of the Payments Optimization Tracker Series produced...
President Donald Trump’s immigration crackdown has triggered a corresponding increase in remittances. That’s according to a report Sunday (July 13) by The Washington Post, which illustrates this trend with the example of the VM Services money transfer business in suburban Maryland, where lines are out...
TikTok’s standalone U.S. app will reportedly use a separate algorithm and data system. That’s according to a report Wednesday (July 9) by Reuters, citing sources familiar with the matter. These moves, the sources say, set the stage for a potential sale of TikTok U.S. by...
While digital wallets offer a compelling vision for the future of cross-border payments in Singapore, a new report reveals a notable disparity between robust merchant familiarity and lagging consumer awareness, a key factor potentially hindering broader adoption. The “Global Money Movement: Singapore Edition” report, a...
The Financial Action Task Force (FATF) has updated its list of countries with financial-crime-prevention deficiencies. The international body announced after its meeting this week that it had added the British Virgin Islands and Bolivia to its list of “Jurisdictions Under Increased Monitoring.” According to an...
Cross-border payments FinTech Tensec raised $12 million in new funding. The financing will help the company provide payments and financial services for companies in the $190 trillion cross-border payments market, according to a Wednesday (June 18) press release. These companies will be able to access...
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...
Beyond the headlines on tariffs, trade and their macroeconomic implications, the back and forth about exports and imports highlights the importance of smooth fund flows across supply chains. Banks and FinTechs are in the middle of it all, enabling commercial payments that cross borders. Foreign...
Cross-border payments don’t have a small bank problem; small banks have a cross-border problem. With layers of intermediaries, opaque fee structures and legacy infrastructure, the cost and complexity of sending money internationally remain disproportionately high for regional and community banks. As large banks use economies...