The digital economy’s capacity to operate in real time across international borders can add layers of complexity to businesses’ commercial opportunities. Digital businesses can launch globally as quickly as they can locally, but they must take the challenges and complexities that come with international payments...
FinTechs are offering an alternative to cumbersome and risky corporate spending processes. And whether it’s freelancers or large enterprises, workers no longer have to go through the hassle of spending their own money, saving receipts and reconciling their bills at a later date to get...
While digitization has transformed the global remittance market, it is far from a one-dimensional process. After all, any money transfer service aiming for global coverage needs to be flexible enough to move money across diverse payment ecosystems and fragmented regulatory landscapes, while meeting the different...
England’s central bank is planning on gauging the resiliency of non-bank financial markets. As one of its most important protective functions, the Bank of England (BoE) runs various stress tests on the U.K.’s banking system to measure its resilience and inform policy measures intended to...
Small to midsized businesses (SMBs) have a range of payment choices when deciding to launch operations internationally. While most SMBs globally launching will have some web presence, many may still use legacy payment methods to send and receive funds. Payments digitization helps SMBs grow internationally,...
AvidXchange Holdings has expanded its international payment capabilities through a partnership with Wise Platform. With the partnership, the provider of accounts payable (AP) automation software and payment solutions for middle-market businesses and their suppliers will gain support for international payment capabilities through its new Cross-Border...
Most UAE consumers have their smartphones handy when shopping online or in-store. That finding comes from the 2022 Global Digital Shopping Index report, a PYMNTS and Cybersource collaboration, which relied on data from 2,015 consumer responses and 500 merchant interviews conducted in the United Arab...
Following last year’s merger with Solaris, the Contis brand is being retired. In a press release on Tuesday (Dec. 6), Solaris wrote that the Banking-as-a-Service (BaaS) provider Contis will now operate under the Solaris name. “Solaris has established itself as the leading platform for embedded...
India’s proposed online gaming regulations will apply to all games involving real money. That’s according to a report Sunday (Dec. 4) from Reuters, which says this planned regulation comes after the country’s prime minister rejected a proposal to regulate games of skill and not games...