Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce. The new store, announced Thursday (Sept. 7), was developed in partnership with Al Sadat & Al Hindi Exchange and is the first of its kind introduced by a money transfer firm in Jordan. The store...
Indian eCommerce and payments firm Paytm debuted a new payment acceptance tool for merchants. Card Soundbox lets merchants accept mobile and card payments using the company’s Soundbox with “tap and pay” capabilities, according to a Monday (Sept. 4) company blog post. “We have found that merchants and consumers...
Australian CFD broker GO Markets has teamed with Currencycloud to streamline and automate client transactions. The partnership, announced Wednesday (Aug. 30), will see GO Markets employ Currencycloud’s multicurrency payment solutions to help clients enjoy “real-time, API-driven competitive” foreign exchange (FX) rates. “By integrating Currencycloud’s APIs,...
Payments company Banking Circle has launched its BC Payments unit in Australia. The rollout, announced Monday (Aug. 28), is designed to offer FinTechs, banks and payments businesses in Australia with global payments solutions. “Having witnessed first-hand the frustration of Australian FinTechs losing access to global payment solutions,...
Before making a final decision on the potential launch of a digital euro, the European Central Bank (ECB) must assess the impact of a digital euro on the euro zone’s banking system. So said Spain’s deputy central bank governor, Margarita Delgado, in a speech in which she emphasized...
FinTech company Clara has reportedly launched a cross-border payments service in Mexico. The service facilitates international transactions by allowing clients to pay bills in foreign currencies, Reuters reported Monday (Aug. 21). While the users of the service in Mexico will be charged in pesos, the recipients of their payments...
Aleph, a global enabler of digital advertising, has launched Aleph Payments, a dedicated unit aimed at simplifying cross-border payments and credit underwriting. This move comes as the digital advertising industry is projected to reach $766 billion by 2025, with global remittance and cross-border payments estimated to...
Small- to medium-sized enterprises (SMEs) help economies across the world go ’round. But despite their significant contributions to global commerce, local SMEs have long been underserved by traditional financial institutions when it comes to their own cross-border payments and international expansion goals. “Most of the companies in...
The promise of technical innovations to transform legacy workflows is an easy one to understand. But implementing it successfully across entrenched workflows and processes is a little bit harder — particularly when those programs relate to the complex world of cross-border payments. “If I had...