A surprising divide is emerging as digital wallets cement their status in the United States’ payments ecosystem. While American consumers confidently use these wallets to send and receive money across borders, often at rates that outpace other countries, small to mid-sized businesses (SMBs) are dragging...
Citizens and residents of the United States are the world’s largest remitters of funds to friends, families and employees abroad, with U.S. consumers, often migrants and foreign workers, sending $93 billion to recipients in foreign countries in 2023, the latest World Bank data shows. Increasingly,...
Cross-border payments may sound simple, but their reality is anything but. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
MoneyGram has implemented Mastercard Move, a portfolio of money transfer solutions, to facilitate digital money movement domestically and across borders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Singapore stands at a crossroads in the digital payments revolution. While digital wallets are reshaping how businesses handle cross-border transactions, a noticeable gap persists in consumer awareness. This disparity, particularly when compared to the persistent dominance of traditional payment methods, presents both a challenge and...
There’s no such thing as a silver bullet. But that hasn’t stopped the payments marketplace from looking for one when it comes to navigating the thorny challenge of cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Payroll payments provider Papaya Global reportedly added Citibank as a sponsor bank, joining the company’s other sponsor, JPMorgan Chase. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
While digital wallets are gaining traction globally, a surprising divide has emerged in the United Kingdom. Businesses rapidly adopt digital wallets for international transactions, but consumers lag. This raises a critical question: Why aren’t more consumers embracing these wallets if they offer such efficiency? The...
Digital payments have sparked interest in how traditional banking institutions, particularly in the U.S. and U.K., are partnering with FinTech companies. This is crucial in the area of cross-border payments, where consumers and businesses want faster, more efficient and more cost-effective methods for transferring funds...
