Payment providers are offering alternatives to cumbersome and opaque correspondence banking protocols with cross-border payments. Small to medium-sized businesses (SMBs) are some of the main beneficiaries of these innovations, as they become more inclined to look into global eCommerce to add to their in-store sales. And Square is broadening its platform with its recent purchase of Verse, an app that lets users make instant payments. All this, Today in Data.
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