In cross-border payments, getting paid isn’t just a matter of when — it’s a matter of how. News broke onWednesday (Dec. 11) that financial platform Loop, in collaboration with EQ Bank, launched the Loop Global Visa Card to enable small- to medium-sized businesses (SMBs) to spend...
Who will become Latin America’s dominant digital banking force, MercadoLibre or Nubank? It’s a question posed Tuesday (Dec. 10) in a report by Bloomberg News, which noted that MercadoLibre — which has its roots in the eCommerce world — is increasingly seeking the same turf...
The Royal Bank of Canada (RBC) launched an online, multicurrency international trading offering. RBC Direct Investing provides the service, making it the only bank-owned online brokerage in Canada to offer this capability, according to a Thursday (Dec. 5) press release. “All our self-directed investors already...
Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments. But with the news Thursday (Dec. 5) that the U.S. licensed FV Bank is now supporting direct USDT stablecoin deposits to simplify cross-border transactions by reducing reliance on traditional wire transfers...
Global financial messaging network Swift said earlier this year that it was working with 25 financial institutions (FIs) and application providers on a “proof of value” initiative focused on improving front-end interactions, where the lower-end value transactions (defined as payments below the $100,000 threshold) is...
Cross-border payment platform dLocal can now facilitate Pix payments directly within the Open Finance ecosystem, without redirecting users to bank apps. The company gained this ability by becoming a certified Payment Initiation Service Provider (PISP) in Brazil, authorized by the Central Bank, dLocal said in a Tuesday...
The Treasury Department is pushing for frameworks and international standards for cross-border transactions — because if those foundations are not in place, risks abound. And, with those frameworks in place, it is the private sector that will accelerate the transformation of the ways and means...
The U.S. is working to keep the dollar as the dominant currency in global usage at a time when new cross-border payment arrangements are emerging, Department of the Treasury Assistant Secretary for International Finance Brent Neiman said Tuesday (Nov. 19). In remarks prepared for delivery at a conference hosted...
India’s central bank says the country is making mobile payment links with several countries. Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar discussed those connections while speaking to reporters Wednesday (Nov. 20) at a conference in the Philippines. “We have one arrangement with Sri...