European Central Bank President Christine Lagarde said the European Union (EU) needs a “European SEC” that will replace the region’s currently fragmented supervision with a more top-down approach like that of the United States Securities and Exchange Commission. This is necessary because the EU faces capital markets challenges on...
Statrys, a financial platform for corporates and business owners, has introduced its SWIFT Payment Tracking feature to enhance global business transactions. This tool allows real-time tracking of cross-border payments, offering businesses speed, transparency and control in their financial operations, the company said in a Wednesday...
Mangopay, a payment infrastructure provider for marketplaces and platforms, has launched an end-to-end foreign exchange (FX) solution that aims to expand its cross-border capabilities and support clients’ global expansion. The FX solution offered by Mangopay provides platforms with a flexible and modular cross-border strategy, the company said...
Paysend, a card-to-card and international payments platform, and Western Union, a provider of cross-border money movement and payment services, have partnered on cross-border money transfer services. This collaboration aims to provide seamless and efficient cross-border money transfer capabilities to customers using Western Union’s digital platform, the...
As faster payments schemes take shape around the globe — in the U.S., the FedNow® Service is the latest example — realizing the full potential of speed and lower costs demands interoperability. Regulations and frameworks are still emerging, and there are a number of private...
Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and payment companies. It’s a refrain that’s almost universal, no matter where AWS’s customers are, what functions they serve or which...
Payments service provider dLocal has launched a partnership with British remittances firm ACE Money Transfer. The companies say their collaboration, announced in a news release Tuesday (Oct. 24), is designed to improve payout services across the Asia-Pacific (APAC) region and Europe, the Middle East and Africa (EMEA). According to...
Papaya Global, a leading provider of global workforce management solutions, has introduced a new tool for cross-border payments. The company’s Workforce Wallet allows employers to make global direct deposits easily and efficiently from one centralized place, according to a Thursday (Oct. 12) blog post. This solution...
When it comes to cross-border payments, patience is a virtue — but fees are a reality. That’s because moving money between nations has long been plagued by inefficiencies, high costs and slow transaction times. These intractable problems have for decades hindered the global economy’s flow...