Taking the friction out of cross-border payments is fundamental to spurring global growth. For businesses that increasingly expect a B2B payment experience mirroring the convenience available in consumer transactions, unmet behavioral expectations around streamlined cross-border payments are beginning to track those already met around the...
HSBC is reportedly readying a global payments app to take on companies like Wise and Revolut. Dubbed Zing, the app will first be offered in Great Britain, though the CEO of the bank’s personal banking operation told Bloomberg News on Tuesday (Jan. 2) that the plan...
Introduction: Online merchants can branch out into new markets and geographies. But to do so, and to boost sales, they must carry forward the implementation of a broad range of currencies, which means foreign exchange (FX) costs come into play. The impact of hidden FX...
International Money Express (Intermex) has partnered with Visa to extend its money transfer services to more than 20 countries that it didn’t previously serve. With this collaboration, Intermex customers will be able to make fast transfers to eligible Visa cards and bank accounts in those countries, Intermex said...
MiFinity has partnered with Convera to increase the country coverage of its PayAnyBank (PAB) service. The integration of Convera’s B2B cross-border payments capabilities into MiFinity’s PAB service furthers MiFinity’s commitment to providing cross-border payment solutions to its global customer base, the company said in a Tuesday (Dec. 12) press...
Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. This solution has the potential to revolutionize the use of electronic trade documents, the provider of secure financial messaging services said in a Thursday...
Flutterwave has acquired 13 money transmission licenses in the United States, allowing for faster, more affordable and secure money transfers between the U.S. and Africa. These licenses expand Flutterwave’s reach to a total of 29 U.S. states, the payments technology company said in a Thursday...
B2B banking platform ZilBank has launched a new feature that makes it easier for Mexican businesses, entrepreneurs and freelancers to pay U.S. vendors, affiliates, employees and others. The software-as-a-service (SaaS) platform now allows Mexican users to open U.S. payment accounts online with passports, a statement...
Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned hubs” across the continent, with plans to “significantly” expand that number through 2025. “The network represents an...