Cross-border Payments

Europe
Nigeria Promotes Innovation, Becomes Latest African Country to Pass Startup Act
October 20, 2022

With presidential assent marking its final passage into law, the Nigeria Startup Bill has become the Nigeria Startup Act as of Wednesday (Oct. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Europe
EMEA Daily: Amazon Ramps Up Lawsuits Against Fake Review Sites
October 20, 2022

Today in Europe, the Middle East and Africa news, U.K. bank NatWest announced a new partnership with Vodeno to establish a Banking-as-a-Service business, and Amazon has filed new lawsuits against review brokers in Spain and Italy. Get the Full Story Complete the form to unlock...

Europe
EMEA Daily: Deliveroo to Exit Dutch Market in November
October 19, 2022

Today in Europe, the Middle East and Africa, Deliveroo announced the date for its withdrawal from the Dutch market, and Egyptian B2B marketplace MaxAB announced plans for regional expansion following the close of a $40 million pre-Series B round. Get the Full Story Complete the...

Cross-border Payments
Visa, Thunes Team to Allow X-Border Payments to 78 Digital Wallets
October 19, 2022

Visa and B2B payments company Thunes have partnered to enable individuals and small- to medium-sized businesses (SMBs) using Visa Direct to move money internationally to 78 digital wallet providers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cross-border Payments
FIs, Startups and Policymakers Drive Intra-African Trade, Payments Within EU-Style Customs Union
October 18, 2022

Africa is often lagging behind when it comes to global trade but in recent years, projects aimed at building a more autonomous pan-African economy, many of them under the rubric of the African Union (AU), are seeking to redress that balance and secure a more...

Cross-border Payments
Increasing RuPay, UPI Acceptance In EU, Middle East Helps Indian Travelers Spend With Ease
October 18, 2022

When the Reserve Bank of India (RBI) outlined its vision for a national payment system that would rival international card schemes, its primary goals were to reduce the cost burden on banks and the country’s dependency on foreign processors. Get the Full Story Complete the...

Europe
EMEA Daily: Meta to Sell Giphy Following CMA Ruling
October 18, 2022

Today in Europe, the Middle East and Africa, the U.K’s Competition and Markets authority announced that Meta is set to sell Giphy following the authority’s antitrust ruling. Meanwhile, Wise upgraded its outlook for 2022 against a backdrop of increased transaction fees for customers. Get the...

Cross-border Payments
Wise Hikes Transfer Fees, Upgrades 2022 Outlook
October 18, 2022

Wise, the U.K.-based cross-border money transfer business, has increased the average cost of transactions for the first time since 2020. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Global Payments
eInvoicing Needs a ‘Translation Layer’ as Business Payments Go Global
October 18, 2022

After a couple of decades, you’d think that electronic invoicing would be pretty much perfected — a done deal, with standardized formats across companies and across countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...