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.
Numeral Expands Payment Infrastructure to Include Support for Swift
Numeral Expands Payment Infrastructure to Include Support for Swift
February 22, 2024  |  Cross-border Payments

Payment technology provider Numeral has launched support for Swift payments. This move enables Numeral’s customers to benefit from both Swift’s global reach and local payment schemes’ speed, lower cost...

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Western Union Expands Cross-Border Payments Partnership With Mercado Pago
Western Union Expands Cross-Border Payments Partnership With Mercado Pago
February 21, 2024  |  Partnerships

Western Union and Mercado Pago are extending their relationship and widening a cross-border payments channel between the United States, Canada and Mexico. U.S. and Canadian...

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Wix, Global-e Launch Cross-Border eCommerce Partnership
Wix, Global-e Launch Cross-Border eCommerce Partnership
February 20, 2024  |  Partnerships

Software company Wix announced a partnership with Global-e Online, which enables direct-to-consumer cross-border eCommerce, to offer Wix sellers a cross-border selling solution. The partnership builds...

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Visa Direct Veteran Ruben Salazar Genovez Now President of TerraPay
Visa Direct Veteran Ruben Salazar Genovez Now President of TerraPay
February 20, 2024  |  Personnel

TerraPay appointed former Visa Direct Global Head Ruben Salazar Genovez as president. In his new role, Salazar Genovez will lead TerraPay’s global expansion and the...

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Fed Governor: Some Cross-Border Payment Frictions Are Necessary
Fed Governor: Some Cross-Border Payment Frictions Are Necessary
February 15, 2024  |  Cross-border Payments

When it comes to cross-border payments, there are necessary and unnecessary frictions. That’s according to Federal Reserve Governor Michelle Bowman, who discussed the challenges facing cross-border payments...

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Nukkleus to Acquire Mercury Global to Enhance Cross-Border Payments Offerings
Nukkleus to Acquire Mercury Global to Enhance Cross-Border Payments Offerings
February 14, 2024  |  Acquisitions

FinTech company Nukkleus has signed a term sheet for the acquisition of cross-border payments firm Mercury Global. This move marks Nukkleus’ expansion in the world of cross-border payments,...

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Report: Global Payments Aims to Acquire Takepayments
Report: Global Payments Aims to Acquire Takepayments
February 13, 2024  |  Acquisitions

Global Payments, a U.S.-based payment processing company, is reportedly nearing a deal to acquire Takepayments, a British payment services provider, in a move to expand its...

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Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial
Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial
February 06, 2024  |  Cross-border Payments

Papaya Global will use a Super Bowl commercial to showcase the launch of its artificial intelligence (AI)-powered platform for executing worker payments. The new workforce payments platform provides...

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ConnexPay Debuts Travel Card and New Payment Capabilities
ConnexPay Debuts Travel Card and New Payment Capabilities
February 06, 2024  |  Travel Payments

ConnexPay launched a global travel card as part of a new suite of payment capabilities. The virtual card is designed to help ConnexPay’s travel company...

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