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.

Banking Circle to Acquire Australian Settlements Limited
Banking Circle to Acquire Australian Settlements Limited
January 13, 2025  |  Acquisitions

Banking Circle said Monday (Jan. 13) that it plans to accelerate its expansion into Australia with an acquisition of Australian Settlements Limited (ASL). The acquisition will...

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Transcard Brings Payments Orchestration Offering to Canada
Transcard Brings Payments Orchestration Offering to Canada
January 09, 2025  |  Digital Payments

Payments technology firm Transcard has expanded into the Canadian market. The company announced the move Thursday (Jan. 9) along with the signing of its first...

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EU’s Instant Payments Deadlines Loom With Challenges for X-Border Payments
EU’s Instant Payments Deadlines Loom With Challenges for X-Border Payments
January 08, 2025  |  Real-Time Payments

Instant payments in the European Union will reach a milestone Thursday (Jan. 9). That’s when banks and payment service providers must be able to receive...

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BIS Outlines Next Steps to Promote Adoption of ISO 20022
BIS Outlines Next Steps to Promote Adoption of ISO 20022
January 07, 2025  |  Cross-border Payments

A Bank for International Settlements (BIS) committee has announced the next steps it will take to promote the adoption of its harmonized ISO 20022 data requirements...

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KuCoin Debuts Crypto Payment Acceptance Tool for Merchants
KuCoin Debuts Crypto Payment Acceptance Tool for Merchants
January 02, 2025  |  Cryptocurrency

KuCoin introduced a solution designed to bring cryptocurrency payments into the retail sector. The digital asset exchange’s KuCoin Pay aims to bridge “ the gap...

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To Know What’s Next in Payments, First Look Back
To Know What’s Next in Payments, First Look Back
December 31, 2024  |  Payments Innovation

As we wrap up 2024, PYMNTS’ “What’s Next in Payments” series has provided insights from industry leaders on the current and future state of play...

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Four Trends That Show the Future of Cross-Border Payments
Four Trends That Show the Future of Cross-Border Payments
December 31, 2024  |  Cross-border Payments

The global economy is an intricate web of transactions, and cross-border payments serve as its financial backbone. For much of its history, that backbone has...

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Legacy Tech vs. Instant Payments: Which Will Win 2025’s Cash Flow Race?
Legacy Tech vs. Instant Payments: Which Will Win 2025’s Cash Flow Race?
December 30, 2024  |  Real-Time Payments

A quarter-century into the new millennia, the banking and payments industries have witnessed a rapid pace of change. Consumers and businesses demand faster, more efficient...

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How ISO Standards Could Reshape Cross-Border Payments
How ISO Standards Could Reshape Cross-Border Payments
December 20, 2024  |  Cross-border Payments

Since the inception of global trade, the world’s financial systems have largely talked past and around each other. The reason? Diverse payment systems and communication...

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