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.

Bank of America Extends FX Rate Guarantee for Year
Bank of America Extends FX Rate Guarantee for Year
October 21, 2024  |  Cross-border Payments

Bank of America now allows companies to lock in foreign exchange (FX) rates for up to one year. The Guaranteed FX Rates offering simplifies the...

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Cross-Border Payments 2.0: Faster, Cheaper and More Transparent
Cross-Border Payments 2.0: Faster, Cheaper and More Transparent
October 21, 2024  |  Cross-border Payments

Cross-border payments are an integral part of the engines that keep economies worldwide going, but they get a bum rap. As payments wind their way...

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Halfway Through: 3 Things We’ve Learned From PYMNTS B2B Month
Halfway Through: 3 Things We’ve Learned From PYMNTS B2B Month
October 18, 2024  |  B2B Payments

It’s been a busy October at PYMNTS. The monthlong event, B2B Payments: Outlook 2030, has been putting an exclamation point on the fact that B2B...

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Swift Says It Beat G20 Cross-Border Payments Speed Target by 15%
Swift Says It Beat G20 Cross-Border Payments Speed Target by 15%
October 17, 2024  |  Cross-border Payments

By 2027, the G20 wants 75% of international payments processed within an hour. Global messaging service Swift said its network is meeting that target, and...

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Account-to-Account Payments Challenge Virtual Cards in B2B Sector
Account-to-Account Payments Challenge Virtual Cards in B2B Sector
October 08, 2024  |  B2B Payments

There’s a reason why the well-worn phrase “Like money in the bank” is shorthand for security and peace of mind. For B2B suppliers especially, money...

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Mastercard and Paysend Launch Remittance Solution in Mexico
Mastercard and Paysend Launch Remittance Solution in Mexico
October 07, 2024  |  Partnerships

Mastercard and Paysend partnered to launch the Paysend Libre remittance solution in Mexico. Paysend Libre uses a virtual Paysend Mastercard to provide a secure way...

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Zepz Raises $267 Million to Grow Global Cross-Border Remittance Solutions
Zepz Raises $267 Million to Grow Global Cross-Border Remittance Solutions
October 07, 2024  |  Investments

Zepz has raised $267 million in a Series F funding round to continue growing its global cross-border remittance solutions, WorldRemit and Sendwave. “The Series F...

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Visa and CARD91 Partner to Bring Platform-as-a-Service Forex Cards to Issuers
Visa and CARD91 Partner to Bring Platform-as-a-Service Forex Cards to Issuers
October 04, 2024  |  Partnerships

Visa and CARD91 have partnered to enable regulated entities to issue Forex Cards on the Visa network. This collaboration brings together Visa’s digital payments network and...

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Visa, PayPal and Others Could Bring Utility and Legitimacy to Stablecoins
Visa, PayPal and Others Could Bring Utility and Legitimacy to Stablecoins
October 04, 2024  |  Blockchain

In 2022, the de-pegging of the TerraUSD (UST) stablecoin led to a cryptocurrency sector collapse, ultimately exposing fraud at FTX and elsewhere. Much has changed...

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