Cross-border Payments

Europe
Businesses Abandon Mainland Europe to Focus on Post-Brexit Britain
September 11, 2022

In the run-up to the 2016 Brexit referendum, one of the key arguments used by the “Leave” campaign was that freedom from the influence of Brussels would mean the U.K. could forge its own path on policy issues such as international trade and business regulation....

Europe
EMEA Daily: Amazon Buys Cloostermans; Wise Brings SWIFT to Neobanks
September 09, 2022

Today in Europe, the Middle East and Africa, Amazon acquired the Belgian robotics company Cloostermans and Wise Platform launched a new solution to help banks enable their customers to receive SWIFT transfers. Get the Full Story Complete the form to unlock this article and enjoy...

Cross-border Payments
Wise Platform Brings SWIFT Transfers to Neobanks
September 09, 2022

Wise Platform, the enterprise-facing branch of cross-border payments firm Wise, announced Friday (Sept. 9) the launch of its new SWIFT International Receive service, which will allow Wise client institutions to facilitate cross-border payments, even if their bank is not connected to SWIFT. Get the Full...

Latin America
Uala Wants to Tap Into Mexico’s $60B Remittance Market
September 09, 2022

Argentina-based FinTech Uala will let its customers in Mexico receive money from abroad in an attempt to capitalize on the burgeoning $60 billion remittances market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Europe
A Rough Guide to Europe’s Open Banking Platforms
September 09, 2022

It is now nearly seven years since the European Commission passed the Revised Payment Services Directive (PSD2), and nearly three years since the final deadline for all businesses within the European Union to comply with PSD2’s technical standards. Get the Full Story Complete the form...

Cross-border Payments
Car Importers Tap Power of Platforms to Tame Price Volatility
September 09, 2022

In a way, used cars are like stocks, options and bonds from the point of view of Ryan Davidson, founder and CEO of Trade X, in that volatility is an opportunity for profit. Get the Full Story Complete the form to unlock this article and...

Cross-border Payments
Inside the Upside of India’s New Bundled, Cross-Border Remittance System
September 09, 2022

In India, a broadening by the Reserve Bank of India (RBI) of the ways and means through which citizens can send money abroad will open the floodgates to FinTechs and other businesses dealing with cross-border payments. Get the Full Story Complete the form to unlock...

Europe
EMEA Daily: Cazoo Pulls Out of EU; Pleo Teams With Yapily
September 08, 2022

Today in Europe, the Middle East and Africa, the online car seller Cazoo announced that it would wind down its business in mainland Europe and Pleo and Yapily unveiled a new SMB cashflow solution. Get the Full Story Complete the form to unlock this article...

Cross-border Payments
Technology Helps Teams Drive Digital Cross-Border Payments Progress
September 08, 2022

Ramana Satyavarapu, chief technology officer of Nium, told PYMNTS that we’re living in unprecedented times in which the very nature of money movement, especially cross-border money movement, is changing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...