Paysend has launched its cross-border payments solution for small businesses in the United States. The expanded availability of Paysend Business follows its successful implementation in the United Kingdom in 2022, the company said in a Thursday (May 11) press release. “We know that cross-border payments can be a pain point for...
An estimated $5 billion is lost annually in intra-African trade. And apart from the high trade costs associated with operating in a highly fragmented region, Terence Naidu, founder and CEO at Truzo, an Africa-focused digital escrow service, says a lack of trust among traders has...
Corpay and Sunflower Bank, N.A. have teamed up to help clients manage cross-border payments and currency risk. With this collaboration, Sunflower Bank’s clients and their companies will be able to use Corpay’s cross-border solutions to help mitigate foreign exchange (FX) exposure and manage their global...
Investment firm Prosus is reportedly considering a sale for its payments company PayU. The company is working with Bank of America Corp. as it determines interest in PayU outside India, Bloomberg News reported Tuesday (May 9), citing unnamed sources. The sources said a deal could...
Barclays and TransferMate are collaborating on a new international receivables solution for U.K. businesses. By leveraging TransferMate’s global payments infrastructure, the new solution will allow Barclays clients operating in British pounds (GBP) to invoice their customers in more than 60 currencies and 67 countries and...
Ant Group may not see progress on its application for a license from China until the second half of the year or later. The Chinese FinTech aims to obtain a financial holding company license and become a fully regulated company, but its efforts have been...
British consumers are feeling more optimistic about inflation. Consumers said in April that they expect inflation to be 5.2% a year from now, a figure that was lower than the 5.4% they said they expected in March, Reuters reported Monday (May 1), citing a survey...
China is reportedly seeing a sharp increase in post-COVID travel and consumer activity. A Sunday (April 30) report by Bloomberg News, citing data from local media and the government, said that 19.7 million rail trips were made in China on Saturday (April 29), the first...
Payment platform dLocal has debuted a new “all-in-one” tool for online businesses. dLocal for Platforms lets dLocal onboard sellers, service providers or contractors to the platform, while dLocal verifies them before paying out, according to a Thursday (April 13) press release. “Everyone selling their services...