TransferMate has launched an embedded solution that facilitates cross-border payments. The new TransferMate Connect enables banks and financial institutions to integrate with the firm’s global payments infrastructure to build payment products for their customers, according to the firm’s website. “TransferMate Connect will enable banks and...
Freedom Finance Bank Kazakhstan JSC and Visa have partnered to facilitate cross-border payments from the central Asian country. UZ Daily reported Tuesday (Feb. 21) that the bank is deploying the Visa B2B Connect payment service in Kazakhstan, allowing companies in the country to make international...
G-P and Wise have partnered to enable faster cross-border payments to freelancers and contractors. The firms said in a Wednesday (Feb. 22) press release that adding Wise’s cross-border payments technology to G-P’s Global Employment Platform will enable businesses to make payments in most countries and...
Uber is upping its aid to Ukraine as the country’s war with Russia enters its second year. The ride hailing/delivery company announced Wednesday (Feb. 22) it had expanded its partnership with Ukrainian President Volodymyr Zelenskyy’s donations platform UNITED24 to help raise money for ambulances for...
Latin America is in the midst of a historical digital commerce boom. The region’s market of small- to mid-sized businesses and professionals that offer digital services has grown rapidly, and this transformation is also reshaping the LatAm payments space. This digital growth represents a massive...
Consumers in China are reportedly reining in spending and borrowing less due to economic uncertainty. Chinese consumers borrowed the equivalent of $564 billion last year, a more than 50% drop from 2021 and the lowest level in eight years, The Wall Street Journal (WSJ) reported...
Digital platforms are continuing to revolutionize the remittances market, and Western Union is taking notice. The 172-year-old financial services company told investors during its fourth quarter earnings call Tuesday (Feb. 7) that it sees remittance volumes remaining resilient in 2023, and growing in line with...
PhonePe is now enabling cross-border Unified Payments Interface (UPI) payments in select countries. With this support for UPI international payments, PhonePe’s Indian users can pay foreign merchants instantly when traveling abroad, the Indian eCommerce payment system and digital wallet company said in a Tuesday (Feb....
Continental nearshoring is driving a broad shift in both global trade and friction-free B2B payments. Or so observers hope. Supply-chain disruptions, prolonged “zero COVID” shutdowns in China, and soaring shipping rates, alongside widespread geopolitical uncertainty caused by Russia’s invasion of Ukraine, are combining to fuel...