April 18, 2024
Revolut Invests $100 Million in Mexico as Remittances Jump
Revolut has reportedly made a $100 million-plus bet on Mexico’s remittance market. Speaking with Reuters Wednesday (April 17), Revolut Mexico CEO Juan Miguel Guerra said the bulk of that investment...
April 17, 2024
PayPal Leads $19 Million Series A for B2B Card Platform...
B2B credit card platform Pliant is planning to expand after raising $19 million. The funding round, announced Wednesday (April 17) was led by PayPal Ventures and brings the Berlin-based Pliant’s total Series A financing to...
April 17, 2024
MUFG Bank and Crédit Agricole Complete First ISO 20022-Aligned Payment...
The first payment in the ISO 20022 message format on the CHIPS network was completed by Japanese financial institution MUFG Bank and European financial institution Crédit Agricole Corporate & Investment Bank, The Clearing House said in a Wednesday...
April 17, 2024
43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters, they must find and employ...
April 16, 2024
Money Transfer Firm Wise Reports 29% Growth in Active Users
Money transfer firm Wise saw its number of active customers grow 29% year over year during the fourth quarter of fiscal year 2024. That growth brought its total number of active customers...
April 15, 2024
Solving the Buy-Build-Partner Equation For Cross-Border Payments
It’s a big world, but ongoing cross-border payments advances are helping make it smaller. That’s because, with the recent news that HighRadius has launched a B2B payments platform designed to improve payment processes across...
April 15, 2024
Bank of England Seeks Input on Retail, Wholesale Payments Technology
The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on establishing regulatory regimes for the...
April 12, 2024
Tencent Simplifies Process of Linking International Cards With Weixin Pay
Tencent has made it easier for visitors to mainland China to register for a WeChat account and to link international cards to Weixin Pay. In addition, Weixin Pay is exploring interoperability with...
April 12, 2024
Partnerships Dominate FinTech IPO Index News Ahead of Earnings
On Friday (April 12), big banks will weigh in with their latest quarterly results, kicking off earnings season in an official manner. JPMorgan, Wells Fargo and Citi will give insight into the trends tied...
Real-time payments in the EU are on the verge of achieving their instantaneous promise, with a new rule from the European Council requiring instant fund transfers to be available within 10 seconds. In this edition of the “Real-Time Payments World Map,” a collaboration with The Clearing House, PYMNTS explores this development along with other advancements unfolding across the global real-time payments landscape.
Many eCommerce merchants in the United States seek growth in international markets but encounter significant friction in cross-border transactions. PYMNTS Intelligence’s latest study, “Cross-Border Sales and the Challenge of Failed Payments,” a collaboration with Nuvei, draws on insights from 300 executives to identify the key challenges of cross-border payments and how to solve them.