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...
International Money Express (Intermex) has partnered with Visa to extend its money transfer services to more than 20 countries that it didn’t previously serve. With this collaboration, Intermex customers will be able to make fast transfers to eligible Visa cards and bank accounts in those countries, Intermex said...
MiFinity has partnered with Convera to increase the country coverage of its PayAnyBank (PAB) service. The integration of Convera’s B2B cross-border payments capabilities into MiFinity’s PAB service furthers MiFinity’s commitment to providing cross-border payment solutions to its global customer base, the company said in a Tuesday (Dec. 12) press...
Flutterwave has acquired 13 money transmission licenses in the United States, allowing for faster, more affordable and secure money transfers between the U.S. and Africa. These licenses expand Flutterwave’s reach to a total of 29 U.S. states, the payments technology company said in a Thursday...
Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned hubs” across the continent, with plans to “significantly” expand that number through 2025. “The network represents an...
It’s no surprise that businesses and consumers continue to seek alternatives to traditional, costly and time-consuming methods for international payments, driving a growing demand for faster, cheaper and more efficient cross-border payment solutions. As their needs evolve, both consumers and corporates want their cross-border payment...
Money movement makes the world go ‘round. But moving money around the world has historically challenged organizations looking to expand internationally and do more business in overseas markets. As companies navigate different regulatory regimes, compliance and fraud are ever-present issues, and fragmented payment structures increasingly...
Global messaging platform Swift says cross-border payments to Europe can reach their destination in seconds. That’s due to this week’s launch of the European Payment Council’s (EPC) One-Leg-Out Instant Credit Transfer scheme (OCT Inst), which went live this week, the organization announced Thursday (Nov. 30). ...
