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 Debuts Borderless Visa Card for Canadian Businesses
Airwallex Debuts Borderless Visa Card for Canadian Businesses
April 10, 2024  |  Cross-border Payments

Airwallex has launched the Borderless Visa Card for businesses in Canada. The virtual card, announced Wednesday (April 10), is issued by Peoples Trust Company and lets Canadian businesses make...

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TerraPay Gets Payments License From Singapore’s Central Bank
TerraPay Gets Payments License From Singapore’s Central Bank
April 08, 2024  |  Cross-border Payments

Money transfer firm TerraPay received a major payment institution license in Singapore. The approval by the Monetary Authority of Singapore means that TerraPay is either licensed or approved in...

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Swan Taps Wise to Enable International Payments for European Companies
Swan Taps Wise to Enable International Payments for European Companies
April 05, 2024  |  Cross-border Payments

European embedded finance firm Swan has integrated Wise Platform to enable its clients to send and receive money from more than 190 countries.  With Wise Platform, which is Wise’s...

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PayToMe.co Adds Stripe Connect to Payment Solutions for Platforms, Marketplaces
PayToMe.co Adds Stripe Connect to Payment Solutions for Platforms, Marketplaces
April 05, 2024  |  Digital Payments

PayToMe.co integrated Stripe Connect to scale globally and enhance its payments solutions for platforms and marketplace. The integration will facilitate onboarding, global payouts, payment compliance and know your...

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New Data Shows Real-Time Payments Continue Rapid Global Advance
New Data Shows Real-Time Payments Continue Rapid Global Advance
April 05, 2024  |  News

Real-time payments continue to gain global momentum in 2024. Two new national players joined the scene in March, and others are introducing significant advancements to...

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Xoom Users Can Now Make Transfers With PayPal Stablecoins
Xoom Users Can Now Make Transfers With PayPal Stablecoins
April 04, 2024  |  Cross-border Payments

Cross-border money transfer service Xoom now lets users make transactions with PayPal’s USD stablecoin. Xoom, owned by PayPal, said in a Thursday (April 4) press release that the...

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Central Banks and BIS Test Tokenization to Speed Cross-Border Payments   
Central Banks and BIS Test Tokenization to Speed Cross-Border Payments   
April 03, 2024  |  Cross-border Payments

Tokenization is gaining momentum on the global stage, and with commercial applications. The Bank for International Settlements announced Wednesday (April 3) that it is working in tandem...

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Spryker Adds Stripe Integration to App Composition Platform
Spryker Adds Stripe Integration to App Composition Platform
April 03, 2024  |  B2B Payments

Spryker expanded its App Composition Platform to include Stripe as a global payment services provider (PSP). With the Stripe integration, enterprises using the platform can expand into new regions and...

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As Visa+ Comes to PayPal and Venmo, Interoperable Cross-Border Payments Gain Ground 
As Visa+ Comes to PayPal and Venmo, Interoperable Cross-Border Payments Gain Ground 
April 02, 2024  |  Cross-border Payments

Interoperability in payments — paying anyone, anywhere, no matter the network — remains a Holy Grail in payments. And interoperability is a work in progress....

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