The holy month of Ramadan, celebrated by close to 2 billion Muslims worldwide, kicks off Thursday (March 23). And according to the U.K. subsidiary of Ria Money Transfer, it’s going to be a busy month for remittance and international money transfers. In fact, remittance transactions...
Visa has found that more remittance senders and receivers are using digital apps. Fifty-three percent of these consumers use digital apps to send and receive money around the world, while 34% go to a physical bank or branch, 12% send cash, checks or money orders...
As China comes back online and adjoining markets like Hong Kong and nearby Singapore also reawaken from a COVID-induced slumber, that part of the world is hungry for digital innovation in payments and fraud prevention, creating an opening for platform players and their solutions. One...
San Francisco-based financial services platform Modern Treasury is introducing a product called “Global ACH” which it bills as “a new payment service” that enables lower-cost cross-border transfers than options like SWIFT by utilizing local payment rails. To launch Global ACH, Modern Treasury is partnering with Silicon...
A delay, but no setback. Richard Dzina, senior vice president of product development for CHIPS at The Clearing House, told PYMNTS the recent rescheduling by the largest private sector clearing and settlement system to the new ISO 20022 standard is simply a nod to what...
Southeast Asia has become a tempting area of expansion for international corporates due to its high level of digital payments penetration, with a recent study indicating that nearly 90% of the population uses digital wallets or other forms of electronic payment. eCommerce is popular in the region, as the...
The old adage, “When in Rome, do as the Romans do” is more relevant than ever when discussing retailer cross-border expansion. As inflation still looms large in 2023, businesses’ near-term survival is doubly threatened by rising interest rates drying up consumer credit. These macro headaches...
Entering high-growth markets such as India, Singapore and Indonesia can yield huge revenue gains, but assuming that all markets are alike could be a costly mistake, says Worldline’s Andrew Monroe. Failure to offer local payment options could cost merchants 60% or more of their sales...
Businesses worldwide are facing significant headwinds in 2023, with inflation still a global concern and rising interest rates leading to fears of recession. Many companies hope to compensate for these potential revenue hits by expanding into high-growth markets worldwide. Despite complications for newcomers, the potential...