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.

How Art Marketplaces Are Building a Trust Framework for Global eCommerce
How Art Marketplaces Are Building a Trust Framework for Global eCommerce
July 12, 2022  |  Consumer Payments

With no end in sight to eCommerce growth, businesses can look forward to a growing volume of cross-border transactions for the foreseeable future. PYMNTS research...

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Payment Platform Kadmos Raises $29M
Payment Platform Kadmos Raises $29M
July 11, 2022  |  Investments

Berlin-based FinTech startup Kadmos has secured 29 million euros ($29 million) to grow its payment processing platform for migrant workers, according to a Monday (July...

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UK Muslims Say Eid Mubarak With International Remittances
UK Muslims Say Eid Mubarak With International Remittances
July 08, 2022  |  Global Payments

Eid-ul-Adha falls on the tenth day in the final month of the Islamic Lunar Calendar. That means that this year, it starts on Saturday (July...

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Big Companies With Global Workforces Demand Payroll Innovation
Big Companies With Global Workforces Demand Payroll Innovation
July 07, 2022  |  B2B Payments

Streamlining cross-border payments is a priority for many firms, especially among larger organizations that want to scale their international workforces. Firms that generate more than...

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Cross-Border Payments Help eCommerce Merchants Navigate China’s Business Complexities
Cross-Border Payments Help eCommerce Merchants Navigate China’s Business Complexities
July 05, 2022  |  eCommerce

When crisis hits, the corporate survival instinct kicks in. LianLian Global Executive Chairman David Messenger told PYMNTS’ Karen Webster that the pressures of the pandemic...

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LianLian Global Intros Multi-Currency Wallet
LianLian Global Intros Multi-Currency Wallet
June 27, 2022  |  Cross-border Payments

Global cross-border payments company LianLian Global is introducing a multi-currency digital wallet for cross-border transactions that can be used by U.S. merchants selling on international...

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The Role of a Modern Clearing Bank in Scaling Global Payments
The Role of a Modern Clearing Bank in Scaling Global Payments
June 23, 2022  |  Banking

Global payments are complex, often slow and inevitably risky. Compliance and anti-fraud efforts can be lengthy, costly processes, and many businesses, financial institutions (FIs) and...

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Lackluster Rollout of SEPA Instant Stymies EU Payment System Success, Says Wise Product Chief
Lackluster Rollout of SEPA Instant Stymies EU Payment System Success, Says Wise Product Chief
June 23, 2022  |  Europe

In the context of European banking, customers increasingly expect real-time transactions, transparent exchange rates and reasonable transfer fees. In practice, however, the way banks operate...

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Travel Recovery in South Korea Makes Strong Case for Localized Payments
Travel Recovery in South Korea Makes Strong Case for Localized Payments
June 22, 2022  |  Travel Payments

Neither pandemic flareups nor inflation will deter adventurous South Korean travelers from booking travel in a recovery year, but it’s an advanced market that demands...

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