Saudi Arabia, known for rapid digital transformation, is embracing digital wallets for international payments. A deep dive into the latest data reveals a striking trend. While consumers, particularly younger generations, are embracing digital wallets at a pace that rivals the U.S., many larger, small to...
Tariffs have thrown the global trade order into a new era of fragmentation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
Circle, the FinTech firm behind the USDC stablecoin, said Monday (April 21) that it plans to start rolling out a new cross-border payments network in May. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A surprising divide is emerging as digital wallets cement their status in the United States’ payments ecosystem. While American consumers confidently use these wallets to send and receive money across borders, often at rates that outpace other countries, small to mid-sized businesses (SMBs) are dragging...
Citizens and residents of the United States are the world’s largest remitters of funds to friends, families and employees abroad, with U.S. consumers, often migrants and foreign workers, sending $93 billion to recipients in foreign countries in 2023, the latest World Bank data shows. Increasingly,...
Cross-border payments may sound simple, but their reality is anything but. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
MoneyGram has implemented Mastercard Move, a portfolio of money transfer solutions, to facilitate digital money movement domestically and across borders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Singapore stands at a crossroads in the digital payments revolution. While digital wallets are reshaping how businesses handle cross-border transactions, a noticeable gap persists in consumer awareness. This disparity, particularly when compared to the persistent dominance of traditional payment methods, presents both a challenge and...
There’s no such thing as a silver bullet. But that hasn’t stopped the payments marketplace from looking for one when it comes to navigating the thorny challenge of cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
