A U.K. lobbying group wants Great Britain’s next government to improve the country’s technological standing. In a report issued Tuesday (June 6), UK Tech — whose members include Amazon, Apple, PayPal and Microsoft — warned that the country risks falling behind in the race to...
Smaller merchants may need more help navigating the new rules than ever before. As reported by The Wall Street Journal in May, international trade deals are fading in favor of less formal pacts in an effort to navigate a changing economic and political landscape. On...
—Cross-border transactions are growing rapidly, thanks to digital transformations and new international settlement rails. But there still exist a host of international payment frustrations and reconciliation frictions due to ongoing and historical round-peg, square-hole operational bottlenecks between those businesses transacting across borders with each other....
Good people have always been the key to good business. For firms looking to expand into new markets and gain a greater share of the landscape relative to their competition, hiring employees internationally offers attractive access to a larger talent pool as well as new...
ACI Worldwide has launched a new solution for sending low-value cross-border, real-time payments. The provider of real-time payments software has added Swift Go to its cross-border payments offering, enabling financial institutions to allow consumers and small- to medium-sized businesses (SMBs) to send cross-border payments directly from their bank account, ACI...
PayPal is reportedly mulling a sale for its cross-border payment unit Xoom. The digital payments company has been working “on the sales process in recent months,” and has hired Goldman Sachs for assistance, The Information reported, citing unnamed sources. An attempted sale could be a sign that Elliott Management, which purchased...
Selecting countries ripe for cross-border expansion requires thoughtful analysis of the payments landscape within different geographies to enable successful market penetration with minimal cost and risk to the merchant. That was a key takeaway from a PYMNTS conversation with Roman Tazetdinov, head of geo expansion at Worldline....
Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And although technology has simplified cross-border payments over the years, Bhairav Trivedi, CEO at U.K.-based Crown Agents Bank (CAB), says not...
France’s president is due to unveil billions in investments in his country by global businesses. Emmanuel Macron has invited around 200 business leaders to Versailles on Monday (May 15), according to a report Sunday (May 14) by Bloomberg News. The meeting — which will include the...