In the digital age, disintermediating the “hopscotch” between banks as payments make their way across the globe can have positive ripple effects. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Saudi Central Bank (SAMA) has seen the biggest rate of adoption of contactless payments in the Middle East and North Africa and ahead of Hong Kong and Canada, with 94 percent, a report from the Saudi Gazette says. Get the Full Story Complete the...
Cross-border transactions are picking up steam, especially amid the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
A digital sharing platform is being developed by Singapore’s central bank in a move to help fight money laundering and other financial maneuvers that fund illegal activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The central banks of Singapore and Malaysia say their customers will be able to conduct real-time cross-border payment transfers via a mobile number starting next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
“Every time a consumer decides to order a butter chicken via an app to be delivered to [his/her] house from a restaurant, the opportunity to sell rice and vegetables to the consumer disappears for the retailer.” Get the Full Story Complete the form to unlock...
Remittances are a dominant pillar for economic development in lower- and middle-income countries with a substantial migrant demographic. These foreign-based workers in developed countries regularly send funds to their families and friends in their home countries, where they often account for a meaningful portion of...
Today in payments around the world, VertoFX raises $10 million to expand currencies on its platform, and Ofbusiness’ B2B platform is valued at $3 billion. Plus, Andela‘s recent funding round makes it the sixth unicorn in Africa, and EML Payments acquires Sentenial to push into...
Western Union is teaming up with major financial institutions (FIs) in Africa to make digital cross-border money transfers and bill payments faster and easier, according to a press release on Thursday (Sept. 30). Get the Full Story Complete the form to unlock this article and...
