Cross-border Payments

Cross-border Payments
CBDCs Lower Costs and Settlement Times for X-Border Payments 
September 30, 2021

For central bank digital currencies (CBDCs), time is of the essence. Literally. 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...

Cross-border Payments
EMEA Daily: US, EU Officials Talk Tech Regs in Pittsburgh; UK Commercial FinTech OakNorth Valued...
September 29, 2021

In today’s top Europe, the Middle East and Africa (EMEA) news, U.S. and EU officials met in Pittsburgh to discuss technology regulation, while U.K. commercial bank OakNorth is now valued at $5 billion. Plus, U.K.-based digital bank Starling expands into Europe, 6 million merchants march...

Cross-border Payments
US, EU Officials Talk Tech Regs at Inaugural Trade Summit in Pittsburgh
September 29, 2021

Officials from the U.S. and the European Union are meeting on Wednesday (Sept. 29) to forge a unified stance regarding new technologies while also expanding trade and investment ties, according to multiple reports. Get the Full Story Complete the form to unlock this article and...

Cross-border Payments
GCash Sees Surge in eWallet Use in the Philippines
September 28, 2021

Mobile wallet company GCash is aiming to remove friction from financial services in the Philippines where consumers have seen challenges, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cross-border Payments
Commerce Secretary: US, Europe Must Join Forces to Curb China’s Progress
September 28, 2021

The U.S. will assemble allies, particularly those in Europe, to compel the deceleration of China’s innovation, Commerce Secretary Gina Raimondo said Tuesday (Sept. 28), according to a CNBC report.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cross-border Payments
Amazon India Sellers Get Overdraft Protection Through ICICI Bank Partnership 
September 27, 2021

ICICI Bank on Monday (Sept. 27) announced it has partnered with Amazon India to offer overdraft protection up to 25 lakh rupees ($33,856) for Amazon India sellers and small businesses, according to a press release from the bank.  Get the Full Story Complete the form...

Cross-border Payments
UK FinTech Wise Aims to Lower Money Transfer Fees in Australia
September 26, 2021

Wise, a digital money transfer platform, is joining Australia’s New Payments Platform (NPP) in a move designed to let transfers be settled in the country quicker and at less cost, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy...

Cross-border Payments
New Data: Almost 25% of US Cross-Border Remittance Senders Use Crypto
September 24, 2021

Cross-border remittances are a lifeline for many developing economies, but high fees and long processing times can make timely payments difficult for those who may be the least able to afford delays. Some consumers now are turning to cryptocurrencies as a payment option that allows...

Cross-border Payments
Ant to Turn Over Consumer Credit Info to Chinese Government
September 22, 2021

Consumer lending service Ant Group Co. will turn over all of its credit data to Chinese government officials for inclusion in a federal credit reporting system, according to a report on Wednesday (Sept. 22) in The Wall Street Journal. Get the Full Story Complete the...