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.

India’s XFlow Raises $10.2 Million to Expand Cross-Border Payments Solution
India’s XFlow Raises $10.2 Million to Expand Cross-Border Payments Solution
May 26, 2023  |  Investments

XFlow has raised $10.2 million in a pre-Series A round to expand its cross-border payments solutions. The India-based financial services and infrastructure firm will use the...

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ACI Worldwide Launches New Solution for Low-Value Cross-Border Payments
ACI Worldwide Launches New Solution for Low-Value Cross-Border Payments
May 22, 2023  |  Cross-border Payments

ACI Worldwide has launched a new solution for sending low-value cross-border, real-time payments. The provider of real-time payments software has added Swift Go to its cross-border payments offering,...

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PayPal Weighs Sale of Cross-Border Business Xoom
PayPal Weighs Sale of Cross-Border Business Xoom
May 17, 2023  |  Cross-border Payments

PayPal is reportedly mulling a sale for its cross-border payment unit Xoom. The digital payments company has been working “on the sales process in recent months,” and...

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Visa Selects Startups for Accelerator Program in Asia Pacific
Visa Selects Startups for Accelerator Program in Asia Pacific
May 16, 2023  |  Startups

Visa has selected seven startups for its 2023 Visa Accelerator Program in Asia Pacific. Selected from among 450 applicants, the seven startups are Dowsure (Mainland China), Doxa Holdings (Singapore), Kadmos (Germany), Pi-xcels (Singapore), Playbux (Thailand), Transpure (India) and Twid (India), Visa said in a...

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Cross-Border Sellers Want Tools – and Insights – to Avoid FX and Localization Pitfalls
Cross-Border Sellers Want Tools – and Insights – to Avoid FX and Localization Pitfalls
May 16, 2023  |  Global Payments

Selecting countries ripe for cross-border expansion requires thoughtful analysis of the payments landscape within different geographies to enable successful market penetration with minimal cost and...

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Zimpler Launches Instant Cross-Border Payouts for Eurozone Countries
Zimpler Launches Instant Cross-Border Payouts for Eurozone Countries
May 15, 2023  |  Real-Time Payments

Zimpler has launched instant cross-border payouts for the 20 eurozone countries. The new account-to-account (A2A) payment solution is available for both B2C and B2B clients and...

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Ripple Makes Case for Crypto B2B Payments
Ripple Makes Case for Crypto B2B Payments
May 11, 2023  |  Cryptocurrency

Cryptocurrency’s shiny object appeal has been dulled by ongoing industry turmoil and regulatory scrutiny. But digital assets have always served as a lightning rod for...

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Corpay and Sunflower Bank Team Up on Cross-Border Payments
Corpay and Sunflower Bank Team Up on Cross-Border Payments
May 09, 2023  |  Cross-border Payments

Corpay and Sunflower Bank, N.A. have teamed up to help clients manage cross-border payments and currency risk. With this collaboration, Sunflower Bank’s clients and their...

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Decision Brief: Optimizing Consumer Authorization Rates in Cross-Border eCommerce
Decision Brief: Optimizing Consumer Authorization Rates in Cross-Border eCommerce
May 08, 2023  |  eCommerce

Introduction: Cross-border eCommerce involves millions of transactions spanning multiple markets, acquirers and issuers, which combined together can significantly increase the occurrence of failed transactions. That,...

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