FinTech company Clara has reportedly launched a cross-border payments service in Mexico. The service facilitates international transactions by allowing clients to pay bills in foreign currencies, Reuters reported Monday...
Drug cartels are reportedly disguising their ill-gotten gains as routine money transfers by using remittances. A surge in legitimate remittances from migrant workers has inadvertently made it...
Velo Payments is acquiring YapStone, a leading payment processing platform in the short-term and vacation rental industry. The companies have entered into a definitive merger agreement, and...
Small- to medium-sized enterprises (SMEs) help economies across the world go ’round. But despite their significant contributions to global commerce, local SMEs have long been underserved by...
It’s a widely reported data point that 93% of central banks are in at least some stage of deploying — or at least exploring —...
“The export of goods and services is more prevalent, digital and borderless than ever,” Payoneer executives told investors on the company’s second-quarter 2023 earnings call Tuesday...
The promise of technical innovations to transform legacy workflows is an easy one to understand. But implementing it successfully across entrenched workflows and processes is...
Flutterwave has extended its remittance solution to the United States and Canada, enabling money transfers from those countries to Africa. With this expansion, the Send App can now...
Payments company PayU will sell most of its global business to Rapyd in a $610 million deal. The all-cash transaction, announced Tuesday (Aug. 1), will...