Before making a final decision on the potential launch of a digital euro, the European Central Bank (ECB) must assess the impact of a digital euro on the euro zone’s banking system. So said Spain’s deputy central bank governor, Margarita Delgado, in a speech in which she emphasized...
FinTech company Clara has reportedly launched a cross-border payments service in Mexico. The service facilitates international transactions by allowing clients to pay bills in foreign currencies, Reuters reported Monday (Aug. 21). While the users of the service in Mexico will be charged in pesos, the recipients of their payments...
Aleph, a global enabler of digital advertising, has launched Aleph Payments, a dedicated unit aimed at simplifying cross-border payments and credit underwriting. This move comes as the digital advertising industry is projected to reach $766 billion by 2025, with global remittance and cross-border payments estimated to...
Small- to medium-sized enterprises (SMEs) help economies across the world go ’round. But despite their significant contributions to global commerce, local SMEs have long been underserved by traditional financial institutions when it comes to their own cross-border payments and international expansion goals. “Most of the companies in...
The promise of technical innovations to transform legacy workflows is an easy one to understand. But implementing it successfully across entrenched workflows and processes is a little bit harder — particularly when those programs relate to the complex world of cross-border payments. “If I had...
The digital, connected economy knows no borders. The movement of money, however, is increasingly aware of them. Whether a company is already transacting internationally, or looking to enter a new market, the realities of cross-border payments can add layers of complexity to businesses’ commercial opportunities...
Flutterwave has extended its remittance solution to the United States and Canada, enabling money transfers from those countries to Africa. With this expansion, the Send App can now be used to send money to and from 34 countries around the world, the payments technology company said in a...
Payments infrastructure TerraPay has launched a cross-border remittance partnership with Kenyan telecommunications firm Safaricom. The collaboration, announced Wednesday (July 19), will operate through TerraPay’s remittance provider Mobex and let more than 30 million M-PESA mobile wallet-holders in Kenya send real-time payments to Bangladesh and Pakistan,...
While much of the world deals with inflation, China has the opposite problem. The country’s economy reached the edge of deflation last month, the Financial Times (FT) reported Monday (July 10), triggering calls for the government to issue a robust stimulus package as China’s economic recovery stumbles....