Airbnb will add about 2% to its guest service fees when guests pay with a currency different from the one set by the host in their listing. This additional amount for cross-currency bookings will be added to guest service fees, beginning April 1, the online marketplace...
Corporate card usage has surged in popularity, especially among small- to medium-sized businesses (SMBs) grappling with inflationary pressures and rising costs. However, despite this trend, the traditional financial services sector continues to hinder the widespread adoption of business credit cards, resulting in a mere 28%...
The farther payments travel, the greater the potential is for failure. Cross-border transactions, as they wend their way across currencies and time zones, with any number of parties and counterparties in the mix, are rife with complexities. Streamlined, standardized messaging, at least conceptually, aids straight-through...
Open banking promises to forge new financial ecosystems as data is shared among banks, corporates and consumers. Easier said than done. Banks must be on board. Corporates must be on board. And the technological underpinnings must be in place to connect and transmit information in...
Cross-border money movement’s digital makeover rests with a variety of endpoints. More specifically, the more ways there are to send and receive, the more options there are to house stores of value, and the more streamlined international payments become. To that end, and as PYMNTS reported...
When three quarters of a given market are dissatisfied with the way things are going, that’s a market ripe for innovation and technology in the service of making things better. No matter where you look, cross-border payments are tied to hundreds of billions of dollars...
Visa and CIBC have formed a new collaboration to help the bank’s clients send remittances across borders more conveniently. With Visa Direct’s money movement capabilities, the clients of CIBC and its digital banking division Simplii will be able to send money to more digital wallets in the Philippines, China,...
Sony’s India unit is reportedly ready to cancel its $10 billion merger with Zee Entertainment. The deal, in the works since 2021, is at risk due to an impasse over the question of whether Zee CEO Punit Goenka would lead the new company, Bloomberg News reported Monday (Jan. 8), citing sources...
B2B payment platform ZilBank.com launched an initiative aimed at empowering South Korean entrepreneurs and freelancers by enabling seamless payments to the United States. The program seeks to promote worldwide business expansion without being limited by geographic barriers, the company said in a Friday (Jan. 5) press release. By using cloud...