Fundacíon Dondé has rolled out Western Union remittance services at 332 branch offices across Mexico. The nonprofit private assistance institution’s partnership with Western Union now enables Mexican families to receive up to 50,000 Mexican pesos (about $3,000) per remittance, the organizations said in a Wednesday...
China’s lifting of COVID restrictions has reportedly not been enough to support consumer spending. Domestic travel spending remains 16% below pre-pandemic levels, home sales are slower than normal and car sales have fallen 6% short of where they were a year ago, Bloomberg reported Monday (June 26)....
As many as 20 countries may be part of a pan-African payment system by the end of the year. African Export-Import Bank (Afreximbank) President Benedict Oramah said the bank expects the Pan-African Payment and Settlement System (PAPSS) to have between 15 and 20 countries participating by that time, the Financial...
Payment platform dLocal says it is investing heavily in Argentina. The company plans to invest $100 million in that country, while hiring 400 new workers in the near and medium term, according to a Thursday (June 15) press release. Per the release, dLocal met with...
Visa and payment and treasury management platform Sunrate have teamed to boost its cross-border payment offerings. The partnership allows Sunrate customers to send and receive money directly to eligible Visa debit and prepaid cards, according to a Thursday (June 15) press release. “The appetite for quicker...
A U.K. lobbying group wants Great Britain’s next government to improve the country’s technological standing. In a report issued Tuesday (June 6), UK Tech — whose members include Amazon, Apple, PayPal and Microsoft — warned that the country risks falling behind in the race to...
Smaller merchants may need more help navigating the new rules than ever before. As reported by The Wall Street Journal in May, international trade deals are fading in favor of less formal pacts in an effort to navigate a changing economic and political landscape. On...
—Cross-border transactions are growing rapidly, thanks to digital transformations and new international settlement rails. But there still exist a host of international payment frustrations and reconciliation frictions due to ongoing and historical round-peg, square-hole operational bottlenecks between those businesses transacting across borders with each other....
Good people have always been the key to good business. For firms looking to expand into new markets and gain a greater share of the landscape relative to their competition, hiring employees internationally offers attractive access to a larger talent pool as well as new...