After a couple of decades, you’d think that electronic invoicing would be pretty much perfected — a done deal, with standardized formats across companies and across countries. As Billtrust President Steve Pinado told Karen Webster, “Companies have been generating PDFs and sending emails with invoice...
Moneycorp, a global payments and foreign exchange (FX) provider, announced in a press release Thursday (Sept. 1) that it is continuing its European expansion with the opening of a new office in Paris. The new office will serve as the headquarters for Moneycorp France, which...
Eid-ul-Adha falls on the tenth day in the final month of the Islamic Lunar Calendar. That means that this year, it starts on Saturday (July 9), with festivities continuing for two to four days, depending on the country. With over 2.6 million Muslims in the...
The end for SWIFT may be swift. Or perhaps drawn out. But if some prominent critics and competitors are right, the global interbank messaging system’s days are numbered. It remains to be seen, though, whether an international finance system that has been built across 50...
Visa-owned cross-border payments platform Currencycloud has launched a tool called Weekend FX, designed to give clients the ability to offer competitive foreign exchange (FX) rates after markets close on Friday evenings, according to a Thursday (March 24) press release. “With an increasingly global business culture,...
For most consumers sending money abroad, peer-to-peer (P2P) payments are slow and costly. According to data PYMNTS gathered on cross-border remittances, of the 70% of consumers who pay a fee to send money overseas, 41% pay a percentage fee averaging 6.2%, while 28% pay a...
Transact365, a FinTech based in the United Kingdom, has added cross-border payments for merchants to and from India to its suite of services, according to a Tuesday (Jan. 25) press release emailed to PYMNTS. Transact365’s gateway solution allows merchants to access new opportunities in India...
Cross-border payment hub Tranglo is bringing its services to Mongolia, with an eye on improving payments there, crowdfundraiser.com reported. “The entry into Mongolia is in line with our plans this year,” Tranglo CEO Jacky Lee said. “Mongolia is a key market with huge potential. It...
The cross-border settlement FinTech Velo Labs has launched a partnership with Inception, a Thai firm specializing in cross-border remittances in Southeast Asia. The two companies announced the partnership Wednesday (Oct. 27), saying it will use Velo’s technology to shift Inception’s business in Indonesia, Malaysia, Philippines...
