A delay, but no setback. Richard Dzina, senior vice president of product development for CHIPS at The Clearing House, told PYMNTS the recent rescheduling by the largest private sector clearing and settlement system to the new ISO 20022 standard is simply a nod to what...
Southeast Asia has become a tempting area of expansion for international corporates due to its high level of digital payments penetration, with a recent study indicating that nearly 90% of the population uses digital wallets or other forms of electronic payment. eCommerce is popular in the region, as the...
The old adage, “When in Rome, do as the Romans do” is more relevant than ever when discussing retailer cross-border expansion. As inflation still looms large in 2023, businesses’ near-term survival is doubly threatened by rising interest rates drying up consumer credit. These macro headaches...
Entering high-growth markets such as India, Singapore and Indonesia can yield huge revenue gains, but assuming that all markets are alike could be a costly mistake, says Worldline’s Andrew Monroe. Failure to offer local payment options could cost merchants 60% or more of their sales...
Businesses worldwide are facing significant headwinds in 2023, with inflation still a global concern and rising interest rates leading to fears of recession. Many companies hope to compensate for these potential revenue hits by expanding into high-growth markets worldwide. Despite complications for newcomers, the potential...
TransferMate has launched an embedded solution that facilitates cross-border payments. The new TransferMate Connect enables banks and financial institutions to integrate with the firm’s global payments infrastructure to build payment products for their customers, according to the firm’s website. “TransferMate Connect will enable banks and...
Freedom Finance Bank Kazakhstan JSC and Visa have partnered to facilitate cross-border payments from the central Asian country. UZ Daily reported Tuesday (Feb. 21) that the bank is deploying the Visa B2B Connect payment service in Kazakhstan, allowing companies in the country to make international...
G-P and Wise have partnered to enable faster cross-border payments to freelancers and contractors. The firms said in a Wednesday (Feb. 22) press release that adding Wise’s cross-border payments technology to G-P’s Global Employment Platform will enable businesses to make payments in most countries and...
Uber is upping its aid to Ukraine as the country’s war with Russia enters its second year. The ride hailing/delivery company announced Wednesday (Feb. 22) it had expanded its partnership with Ukrainian President Volodymyr Zelenskyy’s donations platform UNITED24 to help raise money for ambulances for...