May 29, 2013
Earthport Gets $10M From IFC To Expand In Emerging Markets
Earthport, a cross-border payments service provider, announced that the company has received a $10 million investment from World Bank Group member IFC, reports the company in a press release. Earthport...
May 23, 2013
WorldPay To Save Merchants 85 Percent On Cross-Border Transfers
Payment processor WorldPay has announced that merchants now have a new way to save on transactions made across borders with its Bankout service. Providing access to more than 300 domestic...
May 20, 2013
Earthport Enhances Remittance Programs In North Africa
Earthport, a cross-border payments service provider, announced the launch of an automated payment service in Morocco, a press release from the company reports. The payment service will enable customers to...
May 14, 2013
Visa Europe Wards Off EC By Offering To Cap Interchange...
In an attempt to abate the European Commission’s competition concerns and dodge fines of up to 10 percent of its revenue, Visa Europe has offered to vastly reduce cross-border interchange...
May 14, 2013
Visa Plans EU Cross-Border Card Fees Cap
Visa is planning to “significantly” reduce the fees it charges for cross-border card payments in the European Union, according to a Bloomberg report. Visa Europe is proposing to reduce its...
May 08, 2013
B2B Breakthrough: Discover, Ariba Launch AribaPay
Really and truly solving the B2B payments’ problem over the years has been a little bit like proving Fermat’s last theorem – lots and lots have tried and a few...
April 09, 2013
EC Renews Antitrust Battle With MasterCard
The European Commission has announced the launch of a formal investigation into MasterCard in relation to the credit card company’s practices regarding interchange fees. In a press release issued Wednesday,...
March 25, 2013
HSBC Executes Innovative Payments And Collections Solution For China
HSBC has created a solution for RMB (official currency of the People’s Republic of China) cross-border services for a Fortune 500 company in China, according to Finextra. This new solution...
March 14, 2013
RBS, Natwest Launch Visa Mobile Transfer Service
Royal Bank of Scotland and NatWest are launching a new mobile payments service, in partnership with Visa Europe. The service will allow the two banks’ customers to send money to...
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.
In Saudi Arabia, digital wallet adoption is surging for cross-border payments, especially among younger consumers. Small and medium-sized businesses, however, face hurdles with security and cost, making addressing these concerns crucial for wider adoption. The latest data brief, “Global Money Movement: U.S. Edition,” a collaboration with TerraPay, explores the landscape of digital wallet usage in the Middle Eastern country, highlighting the generational and business-size divides in this rapidly evolving market.