Ultimately, it is the behavioral expectations of end-users that drive payments advances forward. And increasingly, what end-users want are streamlined, expedited and intuitive ways to pay for goods and services. Take for example Brazil, where the introduction of Pix, a real-time payment system launched by...
After 30 years of barring foreigners from its banking sector, Ethiopia is reportedly considering allowing overseas banks to buy stakes in domestic lenders. A bill moving through the country’s legislature would allow overseas firms to buy stakes in domestic banks, set up subsidiaries, open branches,...
Wise is upping its investment in payment infrastructure as its customer base grows. The U.K.-based money transfer firm on Thursday (June 13) released year-end results showing double-digit percentage increases in revenue and customer numbers. “We moved £118.5bn around the world for 12.8m customers, 29% more...
Foreign credit card transactions are reportedly bringing more foreign currency into inflation-plagued Venezuela. That’s according to a report Thursday (June 13) by Reuters, citing four public sector and finance sources who said these transactions have been growing steadily since the government loosened currency controls five years ago,...
Ripple and Clear Junction have partnered to facilitate instant payout coverage in British pounds and euros for Ripple’s payments customers. This collaboration will bring together Clear Junction’s cross-border payments solutions and Ripple’s enterprise blockchain and crypto solutions, the companies said in a Wednesday (June 5)...
In a landscape defined by unprecedented digitization and global connectivity, cross-border payments remain a paradox. That’s because, despite the size of the total addressable market — which is projected to reach a staggering 290 trillion by 2030 — cross-border payments are fraught with inefficiencies, high...
The City of London, the administrator of the financial district of the United Kingdom, is reportedly grappling with concerns about the district’s competitiveness and the need for foreign investment. The city’s policy leader, Chris Hayward, emphasized the importance of attracting foreign investment to boost growth and enhance...
There are over 19,000 tax jurisdictions worldwide — any of which can change in an instant. With new and emerging payment rails, such as instant payments, helping to transform the cross-border space, regulators are increasingly cracking down on businesses in the payment chain to ensure that new technologies...
Block-owned TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to power cross-border payments and decentralized identity use cases, the companies said in a Tuesday (May 14) press release. “Across Africa, the...