Visa Canada launched a collaboration with remittance-focused FinTech platform RemitBee, according to a Wednesday (May 6) press release. The partnership is designed to integrate Visa Direct into RemitBee’s cross-border payment platform and facilitate real-time money movement in more than 190 countries and 150 currencies, the...
Domestic payment systems around the world are growing more instantaneous. And money movement in the blink of an eye is reframing the possibilities of commerce. Consumers in Brazil can transfer money in seconds using Pix, while businesses in India settle transactions instantly through UPI, and...
The operational backdrop is changing fast for global businesses. Their back offices are struggling to keep up. Cross-border commerce is where the strain shows most clearly. Moving capital used to be the top challenge for CFOs operating globally. Today, AI and global digitization have added...
Cross-border commerce has long been constrained by cost and its cousin, speed. That hierarchy, however, is increasingly shifting toward a new axis: counterparty risk. In today’s fragmented global economy, many chief financial officers are observing that risk has overtaken cost as the dominant concern. And...
French payments network CB reportedly hopes to lead a Europe-based campaign against Visa and Mastercard. That’s according to a report Sunday (April 19) from the Financial Times (FT), which says this effort is happening as European Union (EU) officials express concern that the two payment...
The global payments system is entering a messy middle phase where innovation is abundant, coordination is scarce and geopolitics are reshaping the rules in real-time. The scale alone underscores the stakes. The global cross-border payments market has reached $238 billion and is projected to grow...
Watch more: Live Roundtable With Bank of America, FWC26, Visa In the United States, it is easy to think the Super Bowl is the biggest sporting event on earth. It is the loudest thing on the calendar here. But the FIFA World Cup™ plays in...
Latin America’s digital economy is advancing at a steady pace, yet much of the region’s commercial activity still operates beyond formal financial channels, leaving payments firms to contend with a fragmented and, at times, largely cash-based merchant landscape. The informal economy is a structural feature...
Moving money across borders still means navigating a patchwork of correspondent banks, local clearing systems and compliance checks that slow transactions, inflate costs and introduce uncertainty to every step. The demand for improvement is already there. PYMNTS Intelligence data indicate that 14% of U.S....