ACI Worldwide has launched a new solution for sending low-value cross-border, real-time payments. The provider of real-time payments software has added Swift Go to its cross-border payments offering, enabling financial institutions to allow consumers and small- to medium-sized businesses (SMBs) to send cross-border payments directly from their bank account, ACI...
PayPal is reportedly mulling a sale for its cross-border payment unit Xoom. The digital payments company has been working “on the sales process in recent months,” and has hired Goldman Sachs for assistance, The Information reported, citing unnamed sources. An attempted sale could be a sign that Elliott Management, which purchased...
Selecting countries ripe for cross-border expansion requires thoughtful analysis of the payments landscape within different geographies to enable successful market penetration with minimal cost and risk to the merchant. That was a key takeaway from a PYMNTS conversation with Roman Tazetdinov, head of geo expansion at Worldline....
Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And although technology has simplified cross-border payments over the years, Bhairav Trivedi, CEO at U.K.-based Crown Agents Bank (CAB), says not...
France’s president is due to unveil billions in investments in his country by global businesses. Emmanuel Macron has invited around 200 business leaders to Versailles on Monday (May 15), according to a report Sunday (May 14) by Bloomberg News. The meeting — which will include the...
Paysend has launched its cross-border payments solution for small businesses in the United States. The expanded availability of Paysend Business follows its successful implementation in the United Kingdom in 2022, the company said in a Thursday (May 11) press release. “We know that cross-border payments can be a pain point for...
An estimated $5 billion is lost annually in intra-African trade. And apart from the high trade costs associated with operating in a highly fragmented region, Terence Naidu, founder and CEO at Truzo, an Africa-focused digital escrow service, says a lack of trust among traders has...
Corpay and Sunflower Bank, N.A. have teamed up to help clients manage cross-border payments and currency risk. With this collaboration, Sunflower Bank’s clients and their companies will be able to use Corpay’s cross-border solutions to help mitigate foreign exchange (FX) exposure and manage their global...
Investment firm Prosus is reportedly considering a sale for its payments company PayU. The company is working with Bank of America Corp. as it determines interest in PayU outside India, Bloomberg News reported Tuesday (May 9), citing unnamed sources. The sources said a deal could...