The European Court of Auditors (ECA) said Wednesday (March 25) that the European Commission needs to do more to enable European Union (EU) businesses to provide services in other EU countries. Currently, while services account for 70% of EU countries’ gross domestic product (GDP), only...
Ripple is reportedly testing stablecoin-powered trade finance with the help of Singapore’s central bank. The company told Coindesk Wednesday (March 25) that it is taking part in BLOOM, a Monetary Authority of Singapore program aimed at extending settlement capabilities for tokenized bank liabilities and regulated...
If the Super Bowl is America’s annual excuse to overinvest in snacks and LED televisions, the FIFA World Cup is the planet’s far more glamorous version of the same impulse. It is football, yes. But it is also a travel surge, a luxury hospitality showcase,...
Cost-effective, streamlined and data-rich cross-border payments have long been the holy grail of global commerce. Stablecoins, after all, have been able to basically make their name on just their promise alone to innovate and disrupt the cross-border settlement space. As recently as Tuesday (March 17),...
Blockchain company Ripple has undertaken what it calls a major expansion in Brazil. “Powered by new product capabilities and accelerating customer adoption, Ripple is now the only solution in the region capable of serving institutions across the full spectrum of financial needs — from cross-border...
The head of the Financial Stability Board (FSB) is warning against friction in cross-border payments. Andrew Bailey, who leads the risk watchdog, said in a speech Thursday (March 12) that governments need to move forward with reforms to their international and domestic payment systems or...
Mastercard began rolling out a suite of solutions designed to help banks support the cross-border payment needs of small- to medium-sized businesses (SMBs) in the Asia-Pacific region. The new Mastercard Global Commerce Suite for Small Businesses offers multicurrency support, real-time visibility and seamless integration, the...
A new Swift payments framework for retail transactions will begin its rollout by the end of June. The framework is designed to bring greater speed, affordability and predictability to cross-border retail payments, Swift said in a Thursday (March 5) press release. An initial group of...
Payment services provider Worldline is preparing to expand the availability of its new omnichannel retail platform across Europe. The company first launched the One Commerce platform in the United Kingdom in January, according to a Jan. 7 press release. Next, Worldline will display the platform...