While cross-border trade itself remains in a period of upheaval, the global payment options supporting cross-border commerce have never been more advanced and innovative. While FinTechs have redefined speed and usability, launching new corridors, pricing models and APIs, banks are re-engineering their global plumbing and...
Is Europe too reliant on international payments companies such as Visa and Mastercard? The head of the European Payments Initiative (EPI) thinks so, according to a Monday (Feb. 9) interview with the Financial Times (FT). “We are highly dependent on international [payment] solutions,” said Martina...
Visa clients around the world will soon be able to send cross-border remittances and business-to-consumer payouts to more than 95% of UnionPay debit cardholders in mainland China. This offering will be enabled by a new agreement between the two companies, and it is expected to...
Two growth stories have traditionally defined cross-border commerce in the 21st century. The first is the unstoppable reach of the multinational corporate, the large enterprises that simply have no choice but to expand outward and bring with them all the processes and banking relationships that...
Cross-border payments are increasingly wearing two hats for growth-oriented businesses. On the one hand, as digital payment rails proliferate, cross-border optimization has evolved into a growth lever that determines how fast a company can enter new markets, how well it can serve global customers, and...
Cross-border payments platform Wise saw growth across its business as it diversified its income, continued building its infrastructure and prepared for a dual listing that will include the United States as well as the United Kingdom. During the third quarter of its fiscal year 2026,...
The China-backed cross-border payments platform Project mBridge is reportedly set to erode the dominance of the dollar in some corridors, sectors and use cases. The platform has processed 4,047 transactions with a total transaction volume of $55.49 billion as of November, the Atlantic Council said in a Thursday (Jan. 15) blog...
A group of central and commercial banks are reportedly stepping up testing of the Agora cross-border payments project. The effort is being led by the Bank for International Settlements (BIS), Reuters reported Wednesday (Jan. 14), with involvement from the Federal Reserve Bank of New York and central banks from...
Latin America has captured an outsized share of global attention in recent weeks as geopolitics, elections and monetary pressures sharpen focus on emerging markets. Despite the volatility in the region, however, Latin America’s FinTech ecosystem remains defined by steady financial innovation, backed by renewed funding...