Global Payments

Globalization is driving corporations to transact more frequently across borders. Consumers are also transacting more on a global basis—buying from foreign eCommerce sites as well as traveling, living, and working abroad. For the payments industry, the result is higher volumes of payments—in terms of both currency value and number of transactions. This is also leading to a consequent shift downwards in the average value of these payments.
Airwallex Expands Payment Acceptance Solution to US
Airwallex Expands Payment Acceptance Solution to US
April 24, 2024  |  Cross-border Payments

Airwallex has expanded its payment acceptance solution to the United States. With this service, U.S.-based merchants can accept payments from both domestic and international customers, and foreign merchants...

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Standard Chartered and Visa Partner on Cross-Border B2B Payments
Standard Chartered and Visa Partner on Cross-Border B2B Payments
April 23, 2024  |  B2B Payments

Standard Chartered has partnered with Visa to facilitate cross-border B2B payments for the bank’s corporate clients.  The bank has joined the Visa B2B Connect multilateral payment network and has...

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Airwallex Teams With Bird for Streamlined International Payments
Airwallex Teams With Bird for Streamlined International Payments
April 22, 2024  |  Partnerships

Payments platform Airwallex has launched a partnership with global communications platform Bird, formerly known as MessageBird. The collaboration, announced Monday (April 22), is designed to power Bird’s international payments...

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This Week in B2B: Lending Innovations, AI and Digital Payments 
This Week in B2B: Lending Innovations, AI and Digital Payments 
April 19, 2024  |  B2B Payments

The B2B landscape is on the cusp of the next era in payments innovation.  As PYMNTS readers already know, this new and exciting era is...

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MUFG Bank and Crédit Agricole Complete First ISO 20022-Aligned Payment on CHIPS
MUFG Bank and Crédit Agricole Complete First ISO 20022-Aligned Payment on CHIPS
April 17, 2024  |  Payment Methods

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...

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Money Transfer Firm Wise Reports 29% Growth in Active Users
Money Transfer Firm Wise Reports 29% Growth in Active Users
April 16, 2024  |  Payment Methods

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...

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Solving the Buy-Build-Partner Equation For Cross-Border Payments
Solving the Buy-Build-Partner Equation For Cross-Border Payments
April 15, 2024  |  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...

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Tencent Simplifies Process of Linking International Cards With Weixin Pay
Tencent Simplifies Process of Linking International Cards With Weixin Pay
April 12, 2024  |  Cross-border Payments

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...

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Mimo Launches Financial Management Platform for Small Businesses, Accountants
Mimo Launches Financial Management Platform for Small Businesses, Accountants
April 11, 2024  |  B2B Payments

Mimo raised 15.5 million pounds (about $19.4 million) to launch its financial management platform for small- to medium-sized businesses (SMBs) and accountants. The platform helps these...

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