Foreign Exchange is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro. Foreign exchange transactions can take place on the foreign exchange market, also known as the Forex Market.
The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders.
Source: investopedia.com
A France-based FinTech startup just secured $11 million in funding to expand its small business services. Get the Full Story Complete the form to unlock...
The U.S. Treasury has reportedly dubbed international payments processor PacNet, which operates Counting House, a “criminal organization,” and reports said the move could cause trouble...
Exposure to globalization can fuel business expansion or threaten it, depending on strategy. Those potentials and threats, however, expand beyond foreign exchange challenges. PYMNTS takes...
PayPal has only recently launched its B2B payments services through a few partnerships aimed at facilitating invoice payments. Now, the company is taking a solo...
A Japanese bank and its subsidiary have formed a consortium to explore potential use cases of blockchain technology, and the group will reportedly focus on...
The prospect of hiring cheaper labor overseas can be an attractive one to companies, but it’s not the only reason why firms may globalize their...
The world market may no longer be in panic mode following the U.K.’s shocking decision to leave the European Union, but the referendum did leave...
Foreign exchange payments and hedging company Global Reach Partners (GRP) announced the acquisition of FC Exchange, and the takeover will significantly add volume to the amount of...
Western Union announced its Q2 2016 results this week, and according to the firm’s executives, its Business Solutions arm offered a significant hand in boosting...