When it comes to cross-border payments, patience is a virtue — but fees are a reality. That’s because moving money between nations has long been plagued by inefficiencies, high costs and slow transaction times. These intractable problems have for decades hindered the global economy’s flow...
MoneyGram plans to launch a non-custodial digital wallet that will offer new ways to send and receive cross-border payments. The wallet is set to debut in the first quarter of 2024 and will allow users to seamlessly move from fiat currency to digital currency and back...
Industries are defined by what customers do, not what companies produce. And if something doesn’t scale up across a global audience, then it isn’t worth much. That’s why, as more small- to medium-sized businesses (SMBs) look to do business internationally, solving for low-cost cross-border payments has become...
Revolut Business has launched a solution for businesses that aims to address the difficulties surrounding cross-border payments. The feature, RevTags, is a free and instant global payments network available to businesses within the Revolut network, the global financial app for businesses said in a Tuesday (Sept....
Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce. The new store, announced Thursday (Sept. 7), was developed in partnership with Al Sadat & Al Hindi Exchange and is the first of its kind introduced by a money transfer firm in Jordan. The store...
Australian CFD broker GO Markets has teamed with Currencycloud to streamline and automate client transactions. The partnership, announced Wednesday (Aug. 30), will see GO Markets employ Currencycloud’s multicurrency payment solutions to help clients enjoy “real-time, API-driven competitive” foreign exchange (FX) rates. “By integrating Currencycloud’s APIs,...
Payments company Banking Circle has launched its BC Payments unit in Australia. The rollout, announced Monday (Aug. 28), is designed to offer FinTechs, banks and payments businesses in Australia with global payments solutions. “Having witnessed first-hand the frustration of Australian FinTechs losing access to global payment solutions,...
FinTech company Clara has reportedly launched a cross-border payments service in Mexico. The service facilitates international transactions by allowing clients to pay bills in foreign currencies, Reuters reported Monday (Aug. 21). While the users of the service in Mexico will be charged in pesos, the recipients of their payments...
Aleph, a global enabler of digital advertising, has launched Aleph Payments, a dedicated unit aimed at simplifying cross-border payments and credit underwriting. This move comes as the digital advertising industry is projected to reach $766 billion by 2025, with global remittance and cross-border payments estimated to...
