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.
Visa and NEOPAY Partner on Installment Payments in UAE
Visa and NEOPAY Partner on Installment Payments in UAE
September 15, 2023  |  Payment Methods

Visa and NEOPAY, the payment subsidiary of Mashreq, have joined forces to introduce an installment payment solution to the United Arab Emirates (UAE).  The partnership aims to provide...

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Push to Card Offers Cost, Speed Benefits For Global Money Transfers
Push to Card Offers Cost, Speed Benefits For Global Money Transfers
September 14, 2023  |  Payment Methods

In the quest to make end-to-end money movement faster, secure and frictionless across borders, Ruben Salazar, Global Head of Visa Direct and Abdul Abdulkerimov, Paysend chairman and co-founder, say...

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CBDCs Compete for Relevance in Cross-Border Payments
CBDCs Compete for Relevance in Cross-Border Payments
September 13, 2023  |  CBDC

Link by link, the fashioning of a global network for central bank digital currencies (CBDCs) proceeds apace.  As it continues to grow, it has the...

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Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
September 08, 2023  |  Partnerships

African payments startup Flutterwave is reportedly expanding into the Indian market through a partnership with IndusInd Bank. This move makes Flutterwave the first African company to scale up...

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Western Union Debuts ‘Concept Store’ For Jordan’s Foreign Labor Force
Western Union Debuts ‘Concept Store’ For Jordan’s Foreign Labor Force
September 07, 2023  |  Cross-border Payments

Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce.  The new store, announced Thursday (Sept. 7), was developed in partnership with Al Sadat...

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Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’
Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’
September 07, 2023  |  Real-Time Payments

Real-time payments schemes are proliferating around the globe. Getting them to work in sync and breaking down the silos that exist between countries will be...

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Visa Expands Stablecoin Pilot Programs With Worldpay and Nuvei
Visa Expands Stablecoin Pilot Programs With Worldpay and Nuvei
September 05, 2023  |  Cryptocurrency

Visa has expanded its stablecoin settlement capabilities with Circle’s USDC stablecoin by using the Solana blockchain. As part of the initiative, the payments company has...

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From Remittances to Retail: Why Ripple Believes CBDCs Will Change Global Payments
From Remittances to Retail: Why Ripple Believes CBDCs Will Change Global Payments
September 05, 2023  |  CBDC

As currency becomes increasingly digitized, more end users are able to reap its benefits, in turn feeding an underlying network effect of increased market participants...

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Banking Circle Brings Its BC Payments to Australia for Cross-Border Payments
Banking Circle Brings Its BC Payments to Australia for Cross-Border Payments
August 28, 2023  |  Cross-border Payments

Payments company Banking Circle has launched its BC Payments unit in Australia. The rollout, announced Monday (Aug. 28), is designed to offer FinTechs, banks and payments businesses...

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