In an era of disruptive technologies, cross-border payments are quietly undergoing a revolution. The emerging paradigm centers around cost-effective, real-time payment options with maximum visibility for both sender and receiver. Beyond driving international sales, cutting-edge payment solutions provide a range of benefits to CFOs and...
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%...
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,...
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...
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...
