Digital payments are growing fast in Latin America, threatening to overtake cash as the preferred transaction method. One study revealed that mobile bank accounts in Latin America increased by 67% in 2020, and QR code payments are also quickly gaining ground. Brazil’s Pix system, operated...
B2B gift card concierge firm GlobeTopper has launched a partnership with payment processor Knox Wire to power instant cross-border payouts. Orchestrated by Zed Network, the collaboration will facilitate same-day payouts in more than 190 countries for GlobeTopper, according to a Saturday (Nov. 26) news release....
Formed by the merger of several European Union (EU) stock exchanges at the turn of the 21st century, Euronext can trace its origins back to some of the world’s first bourses, formed in Bruges, Antwerp and Amsterdam between the 13th and 17th centuries. In that...
With a growing amount of investment and commerce appearing to be headed to Latin America over the long term, JPMorgan Chase & Co. reportedly expects to continue growing its financial services offerings in the region. Latin America is benefiting from the nearshoring trend of manufacturing...
South Africa’s car buying market will get more financing options, thanks to automotive technology company Autochek’s new service. In a Tuesday (Nov. 22) press release, the company said that the new Autochek Financial Services will make vehicle financing possible for customers and businesses across Africa,...
The U.K.’s Financial Conduct Authority (FCA) is calling for a reformation of the way credit rating agencies (CRA) in the country operate and are governed. In a November report, the watchdog noted that the sector is “highly concentrated” and that “almost all credit information is...
A wave of platforms that enable digital sales and procurement are revolutionizing the way African companies do business, contributing to an all-round more efficient trading system and helping to eliminate frictions that have long-plagued traditional supply chains. Increasingly, these platforms are not just middlemen connecting...
U.K.-based FinTech Stenn, which specializes in invoice financing, is focusing its energies on to small and medium-sized businesses (SMBs) and emerging markets, where access to trade financing has often been limited. Trade finance is especially critical for export businesses, which often wait months for payment...
Galileo Financial Technologies has teamed with money transfer company Pomelo to add its API-enabled technology to the Pomelo card. The company said in a news release that the card lets families in the U.S. build and extend credit access abroad without racking up costly remittance...