Payoneer now enables real-time, 24/7 global intracompany transfers via Citi’s tokenized liquidity and payment platform, Citi Token Services. With this capability, Payoneer can transfer funds between its global accounts in participating branches and currencies with greater speed, automation and transparency, the companies said in a...
Riva Money raised $3 million in a pre-seed funding round to support the global rollout of its blockchain-powered technology that facilitates global money transfers. The company will use the new funding to roll out this solution in Europe, Asia and North America, expand its operations...
Western Union is looking to stablecoins and artificial intelligence (AI) to deliver efficiencies at a time when it is dealing with the effects of macroeconomic and political uncertainty. A slowdown in its North America retail business and lower revenue in Iraq drove a 4% decrease...
PayPal has introduced a cryptocurrency payments feature it says is aimed at easing cross-border commerce. Pay with Crypto, announced Monday (July 28), is designed to connect merchants to what the company describes as a more than $3 trillion market by allowing for instant crypto to...
PayPal has launched a cross-border payments platform connecting many of the world’s largest payments networks. PayPal World, announced Wednesday (July 23), is debuting with partners that include Tenpay Global from China, and India’s NPCI International Payments Limited, which operates the country’s UPI mobile payments network. In addition, PayPal has...
Global expansion for eCommerce merchants, while offering vast opportunity, remains a complex arena where payment failures and consumer preferences can quickly derail international sales, according to a new report. The “Payments Optimization: Powering Global eCommerce Growth” report, part of the Payments Optimization Tracker Series produced...
President Donald Trump’s immigration crackdown has triggered a corresponding increase in remittances. That’s according to a report Sunday (July 13) by The Washington Post, which illustrates this trend with the example of the VM Services money transfer business in suburban Maryland, where lines are out...
TikTok’s standalone U.S. app will reportedly use a separate algorithm and data system. That’s according to a report Wednesday (July 9) by Reuters, citing sources familiar with the matter. These moves, the sources say, set the stage for a potential sale of TikTok U.S. by...
While digital wallets offer a compelling vision for the future of cross-border payments in Singapore, a new report reveals a notable disparity between robust merchant familiarity and lagging consumer awareness, a key factor potentially hindering broader adoption. The “Global Money Movement: Singapore Edition” report, a...