Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they...
The Mexican government is hoping FinTechs will make sending cash home for Mexican families living abroad more affordable. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
The New York branch of Bank of China will allow Chinese firms to get payment in yuan from eCommerce sales derived from their U.S. platforms, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
UnionPay International announced earlier in January that it rolled out the UPI Developer, which is a platform to create applications for cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
UAE Exchange, the United Arab Emirates-based company, and Ripple, the blockchain technology company based in the U.S., are gearing up to launch cross-border remittances to Asia using blockchain technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
When PayPal acquired global money transfer firm Xoom in 2015, company President and CEO John Kunze noted that becoming part of the larger PayPal organization marked the start of a new chapter in the life of the firm. Xoom’s mission to make international funds transfer easy and digital...
Alibaba, the Chinese eCommece giant, inked a deal with the Belgian government on Wednesday (December 5) to create a trading hub aimed at helping Belgian companies sell products around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Even the smallest firms today are peddling their wares on Amazon, entering new markets and navigating the waves of FX volatility that can swamp top and bottom lines. Karl Schamotta illuminates the ways that firms large and small -- call them micro multi-nationals -- can be...
SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
