cross-border payments

Cross-border payment is a term referring to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.

(source: kantox.com)

Payoneer Merchant Services Grows 400% as Small Businesses Sell Globally
Payoneer Merchant Services Grows 400% as Small Businesses Sell Globally
February 28, 2024  |  Earnings

Demand for B2B and merchant services drove Payoneer’s volume growth in 2023. The small- to medium-sized business (SMB)-focused FinTech company’s B2B volume rose 13% and its...

READ MORE >
Brazil’s Central Bank Promotes Pix as Cross-Border Payment Solution
Brazil’s Central Bank Promotes Pix as Cross-Border Payment Solution
February 27, 2024  |  Cross-border Payments

Brazil’s central bank is reportedly looking to take the country’s instant-payment system, Pix, to the global stage. With policymakers from the Group of 20 nations...

READ MORE >
Coinsilium to Advise LC Lite on Launch of Token
Coinsilium to Advise LC Lite on Launch of Token
February 23, 2024  |  Partnerships

Web3 advisor, venture builder and investor Coinsilium Group teamed up with global trade exchange platform LC Lite. The partnership will see Coinsilium providing strategic advisory...

READ MORE >
CAB Payments Appoints Vanquis Banking Veteran Neeraj Kapur as CEO
CAB Payments Appoints Vanquis Banking Veteran Neeraj Kapur as CEO
February 23, 2024  |  Personnel

CAB Payments announced a CEO transition, with Neeraj Kapur set to succeed Bhairav Trivedi March 26. Trivedi, who has been CEO for three years, will...

READ MORE >
Numeral Expands Payment Infrastructure to Include Support for Swift
Numeral Expands Payment Infrastructure to Include Support for Swift
February 22, 2024  |  Cross-border Payments

Payment technology provider Numeral has launched support for Swift payments. This move enables Numeral’s customers to benefit from both Swift’s global reach and local payment schemes’ speed, lower cost...

READ MORE >
Western Union Expands Cross-Border Payments Partnership With Mercado Pago
Western Union Expands Cross-Border Payments Partnership With Mercado Pago
February 21, 2024  |  Partnerships

Western Union and Mercado Pago are extending their relationship and widening a cross-border payments channel between the United States, Canada and Mexico. U.S. and Canadian...

READ MORE >
Failed Cross-Border Payments Cost US Merchants an Estimated $3.8B
Failed Cross-Border Payments Cost US Merchants an Estimated $3.8B
February 21, 2024  |  Cross-border Payments

Many U.S. eCommerce merchants prioritize international markets, but see higher failed payment rates in cross-border transactions than in domestic ones. These payment failures significantly impact...

READ MORE >
Wix, Global-e Launch Cross-Border eCommerce Partnership
Wix, Global-e Launch Cross-Border eCommerce Partnership
February 20, 2024  |  Partnerships

Software company Wix announced a partnership with Global-e Online, which enables direct-to-consumer cross-border eCommerce, to offer Wix sellers a cross-border selling solution. The partnership builds...

READ MORE >
Visa Direct Veteran Ruben Salazar Genovez Now President of TerraPay
Visa Direct Veteran Ruben Salazar Genovez Now President of TerraPay
February 20, 2024  |  Personnel

TerraPay appointed former Visa Direct Global Head Ruben Salazar Genovez as president. In his new role, Salazar Genovez will lead TerraPay’s global expansion and the...

READ MORE >