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.
Ripple Expands Global Payout Coverage of Cross-Border Payments Solution
Ripple Expands Global Payout Coverage of Cross-Border Payments Solution
December 08, 2023  |  Blockchain

Ripple has updated its crypto-enabled cross-border payments solution.  The newly enhanced Ripple Payments, formerly known as RippleNet, enables businesses to leverage the blockchain easily for faster,...

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Klarna Adds Adyen’s Acquiring Capabilities to Simplify Card Payments
Klarna Adds Adyen’s Acquiring Capabilities to Simplify Card Payments
December 05, 2023  |  Partnerships

Klarna has added Adyen’s acquiring capabilities to simplify card payments for its 150 million consumers and 500,000 retail partners globally.  This agreement extends the companies’ existing global...

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Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
December 04, 2023  |  Cross Border Commerce

Hong Kong and Thailand are bridging the gap between their economies. The two countries launched a new cross-border QR code payment system, known as the...

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Virtual Card Solutions Make Digital Payments Better for African Travelers
Virtual Card Solutions Make Digital Payments Better for African Travelers
November 27, 2023  |  Travel Payments

Digital payments have reshaped the way travelers manage money, rendering the traditional reliance on cash or traveler’s checks a thing of the past. Today, it’s...

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Mastercard Joint Venture Gets Approval for Domestic Bank Card Clearing in China
Mastercard Joint Venture Gets Approval for Domestic Bank Card Clearing in China
November 20, 2023  |  Mastercard

A Mastercard joint venture (JV) entity received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to...

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Collaboration Creates Network Effects That Transform B2B Payments
Collaboration Creates Network Effects That Transform B2B Payments
November 17, 2023  |  B2B Payments

Innovation in payments is a continuum, with incremental to transformational — and even disruptive — results. B2B payments, long left to languish while their consumer-facing...

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Jeeves and Bexs Partner on Cross-Border B2B Payments in Brazil
Jeeves and Bexs Partner on Cross-Border B2B Payments in Brazil
November 09, 2023  |  Partnerships

Jeeves and Bexs have partnered to launch a fully digital platform for cross-border business payments out of Brazil. With the collaboration, Jeeves makes it easier...

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US Real-Time Payments Transactions Expected to Quadruple by 2027
US Real-Time Payments Transactions Expected to Quadruple by 2027
November 07, 2023  |  Real-Time Payments

Real-time payments have revolutionized how money moves in the global economy. In an era defined by rapid technological advancements and increasing consumer demand for convenience...

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Adyen and Plaid Partner on Pay-by-Bank Offering in North America
Adyen and Plaid Partner on Pay-by-Bank Offering in North America
November 02, 2023  |  Partnerships

Global financial technology platform Adyen has partnered with digital finance firm Plaid to introduce Pay-by-Bank services in North America in early 2024. Adyen has made...

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