Cross-border Payments

Cross-border Payments
World Cup Runs Dry as Qatar Bans Booze at Stadiums
November 18, 2022

More than one million fans are expected to travel to Qatar for the FIFA World Cup Qatar 2022 as the so-called “beautiful game’s” biggest stage kicks off this Sunday (Nov. 20).  But for all the hype and buzz leading up to the event, a giant unexpected buzzkill...

Cross-border Payments
Only 20% of Direct-to-Consumer Merchants Sell to APAC Consumers
November 17, 2022

Direct-to-consumer (D2C) businesses may not have much of a presence in the Asia Pacific (APAC) area, but with significant investments planned in the near future, D2Cs are poised to grow dramatically in the region even within the next year. For the PYMNTS study “The Emerging...

Cross-border Payments
Millions Committed to Green Tech, Circular Economy Initiatives as COP27 Ends
November 17, 2022

As world leaders prepare to wrap up negotiations at the COP27 climate summit in Egypt on Friday (Nov. 18), climate tech investment deals signed by participants mark some of the major successes of the nearly two-week event. For example, the European Investment Fund (EIF), a...

Cross-border Payments
Qatar World Cup Boosts Ride-Hailing, Food Delivery Demand Across MENA
November 17, 2022

Ahead of the World Cup opening ceremony on Sunday (Nov. 20), soccer fans from around the globe have been arriving in Qatar, giving an economic boost to the country’s tourism and hospitality sector. But beyond the obvious beneficiaries of an influx of foreign visitors, World...

Cross-border Payments
26% of UK, US Firms Significantly Increase X-Border Workforce Despite Challenges
November 15, 2022

The challenges that come with hiring internationally could easily deter organizations from tapping into the worldwide talent pool. But according to a recent study on challenges in international workforce payment and management, firms engaged in cross-border hiring are not backing down easily. Get the report:...

Cross-border Payments
Remittance Firms Jostle for Dominance in Competitive UK-Nigeria Corridor
November 14, 2022

Nigerians living in the U.K., — approximately 178,000 as of last year per the Office for National Statistics — have consistently ranked among the top 10 migrant communities in the country, making them an attractive customer base for firms operating in the competitive U.K.-Nigeria remittance...

Europe
Real-Time Reporting at the Forefront of KYC Innovation
November 14, 2022

For any online business onboarding new customers, juggling the ever-growing stack of authentication tools required to remain compliant with the relevant know your customer (KYC) and anti-money laundering (AML) laws can lead to all kinds of complications and inefficiencies. Moreover, what businesses and consumers see...

Cross-border Payments
80% of Firms Hiring Overseas Workers Run Into Payday Roadblocks
November 11, 2022

With more companies seeking talent in geographies other than their home turf, the challenges of paying those overseas contractors can seem daunting, but purpose-built platforms are taking the friction out and getting people paid with less cost and greater speed. Analyzing this in Meeting The...

Cross-border Payments
Latin America May Be Holiday Gift Cross-Border Merchants Are Seeking
November 10, 2022

Winter gifting holidays are as important in Latin America as anywhere, and online retailers want to tap that potential not just to bolster 2022 receipts but to develop future markets now. Speaking with PYMNTS, Mike Goodenough, global head of e-retail at Worldline, said the doom and gloom...