Cross-border Payments

Europe
EMEA Daily: Turkish Banks Reduce Lending Due to Regulations; Electrolux Sees Scaling Back on Appliance...
September 12, 2022

In today’s news from Europe, the Middle East and Africa (EMEA), Turkish banking regulations are causing banks to pull back on corporate lending, Electrolux is facing weak demand for home appliances and more. Get the Full Story Complete the form to unlock this article and...

Cross-border Payments
JPMorgan: Strong Dollar Prompts Cross-Border Rethink of Idle Cash, Liquidity Strategies
September 12, 2022

Among the surprises in 2022 — a year full of them in the financial realm — the strong dollar is now a challenge (and opportunity) that corporates must wrestle with as they make $140 trillion in cross-border transactions annually and manage daily liquidity. Get the...

Cross-border Payments
Indian EdTech Giant Byju’s Under Pressure for Failing to Publish Accounts
September 11, 2022

Indian EdTech company Byju’s is facing intense scrutiny from the government, as well as investors and creditors, over failures to publish its accounts while funding dries up for education businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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...