Mobile remittances have become a financial lifeline for households around the globe, but the giant shift to mobile amid the pandemic has also opened the door to fraudsters posing as honest customers and using remittance services to launder money. In this month’s Smarter Payments Tracker,...
Cross-border remittances are a lifeline for many households who depend on family members working abroad to send funds home. These international money flows reached $689 billion in 2018, and ensuring funds continue to flow smoothly requires money transfer organizations to provide services that are both...
Absolutely everyone agrees that the graduating classes of 2020 got ripped off. No convocation. No prom. And whether they’re heading back to grade school or college, video conference classes and other COVID-19 conventions will have replaced what we knew as teaching. Video classes are increasing...
Governments are debating how to safely teach students during the pandemic, and some parents have sought to ease educational disruptions and entertain children stuck at home by hiring remote private tutors from digital freelancer marketplaces. Online classes are also gaining the attention of workers who...
The digital shift to eLearning has been swift, but the payments methods and speed of payments to online tutors has been anything but. Peter Fitzpatrick, vice president of payments at online education technology platform Thinkific, explains in our latest Smarter Payments Tracker, how offering currency...
The pandemic has raised heated debates about how to safely educate students at a time when having pupils and teachers flock into school buildings and college campuses raises risks to potentially contract or spread the virus. Some families and students have turned to online tutoring...
With the volume of cross-border B2B payments projected to hit nearly $6.5 trillion by 2024, it’s small wonder that so much investment and innovation keeps pouring into the space. Financial access to, and inclusion in, new foreign markets will certainly create post-pandemic fortunes. “Pursuing cross-border...
B2B payments are the lifeblood of the global economy, with untold trillions of dollars changing hands around the world every year. The second quarter of 2019 alone saw more than 1.92 billion such transactions, valued at $18.2 trillion. Many of these payments are conducted across...
Lockdown measures across the globe have small- to medium-sized businesses (SMBs) looking to generate revenue overseas. But transacting with other merchants abroad is a process fraught with inefficiencies, ranging from slow processing times to lack of feedback if the payments fail. In this month’s Smarter...
