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.
Ripple Eyes (x)Rapid For X-Border Funds; Europeans Row Over Payments
Ripple Eyes (x)Rapid For X-Border Funds; Europeans Row Over Payments
August 23, 2018  |  International

Digital tokens have had a hard time of it, but in recent cross-border news, Ripple is helping XRP and xRapid make inroads in remittances. Plus, a...

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Germany Wants New, Non US Global Payments System
Germany Wants New, Non US Global Payments System
August 22, 2018  |  International

Germany’s Minister of Foreign Affairs Heiko Maas has called for the European Union (EU) to create a new payments system, independent in response to the United...

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Deutsche Finalizes Sale Of Corporate Services Biz
Deutsche Finalizes Sale Of Corporate Services Biz
August 17, 2018  |  B2B Payments

Deutsche Bank’s Global Transaction Banking (GTB) division has completed the sale of its corporate services business, reports in Verdict.co.uk said on Thursday (Aug. 16). Fund...

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Can Digital Payments Reduce Risk For The Seafood Industry?
Can Digital Payments Reduce Risk For The Seafood Industry?
August 17, 2018  |  Digital Payments

The journey of seafood from ocean to table is one of constant danger for the people who make up the fishing industry. Refrigeration technology can...

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Fortumo Rolls Out Direct Carrier Billing In Sweden; MySQUAR Launches Remittance Service
Fortumo Rolls Out Direct Carrier Billing In Sweden; MySQUAR Launches Remittance Service
August 16, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Fortumo’s rollout of direct carrier billing in Sweden. In...

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Visa, Mastercard Replaced By MIR In Crimean Peninsula
Visa, Mastercard Replaced By MIR In Crimean Peninsula
August 15, 2018  |  International

Visa and Mastercard have been replaced on Russia‘s Crimean peninsula, as its largest bank has completed the process of switching all credit cards to Russia’s MIR...

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Bambora Teams Up With Payworks, The Bank Of East Asia Unveils Payment Hub
Bambora Teams Up With Payworks, The Bank Of East Asia Unveils Payment Hub
August 14, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes WorldRemit’s partnership with Safaricom for money transfers to mobile money...

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Miles Software Teams Up With SBM Bank; Salim Group Invests In Youtap
Miles Software Teams Up With SBM Bank; Salim Group Invests In Youtap
August 13, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Indonesia-based Salim Group’s investment in Singapore-based Youtap. In addition, Miles...

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Today In Data: Unlocking The Global Power Of Payments
Today In Data: Unlocking The Global Power Of Payments
August 13, 2018  |  Today In Data

While mobile payments did quite explode onto the scene in the ways forecast, the power of payments to power platforms is rapidly changing the shape of commerce...

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