Cross Border Trade news and trends

Faster Payments Open Global Markets to Smaller Companies
Cross-border Payments // February 03, 2025

Just a few years ago, cross-border payments were inefficient at best and filled with friction at worst. They were opaque and took days to settle. Additionally, managing foreign exchange costs was fraught with peril for executives looking to tap into new markets or expand their...

BNY and Mizuho Bank Collaborate on Trade Services in Asia
Banking // October 21, 2024

The Bank of New York Mellon Corp. (BNY) and Mizuho Bank are collaborating to provide trade services to corporate clients in Asia. The banks have formed an agreement for correspondent bank network bank connectivity for international trade, they said in a Sunday (Oct. 20) press...

What on-Soil Requests Mean for Cross-Border Payments Compliance
Regulation // October 14, 2024

If businesses aren’t ready for cross-border compliance, they may as well be writing regulators a blank check. And particularly as it relates to financial services, eCommerce and digital platforms, companies looking to navigate the complex landscape of data privacy, financial regulations and cybersecurity, are finding...

How Digital Transformation Aligns Supply Chains With Compliance, Sanctions Risk
Supply Chain // September 16, 2024

Mitigating risk by controlling the controllable is increasingly top of mind for global, enterprise businesses. And with the news Friday (Sept. 13) that the White House is considering closing a rule that allows foreign eCommerce giants, such as Shein and Temu, to ship direct to U.S. consumers without duties or...

Interviews & Exclusives
Faster Payments Open Global Markets to Smaller Companies

February 03, 2025
Just a few years ago, cross-border payments were inefficient at best and filled with friction at worst. They were opaque and took days to settle. Additionally, managing foreign exchange costs was fraught with peril for executives looking to tap into new markets or expand their supply chains. However, a broad range of providers have entered […]

Payment Orchestration Proves Critical to Cross-Border Sales Success

November 08, 2022
As more and more merchants seek expansion into markets abroad in search of new consumers willing to buy, they’re also apt to find a few other things waiting for them...

Global Sellers Localize Payments to Convert Abandoned Carts in APAC

October 17, 2022
Unlocking potential in the burgeoning market for luxury goods in the Asia-Pacific region isn’t a job for payments lightweights. It’s serious business with major challenges. During a recent PYMNTS panel...

Value of Local Expertise Underestimated in Expanding Cross-Border Commerce

October 13, 2022
With merchants and brands battling falling sales, cross-border expansion into high-growth markets is a strategy for steadying the ship, but it’s tough going if you don’t know the local payment...

Quick Reads
Trump Tariffs Leave Shein and Temu Retailers Paying 30% More

February 06, 2025
Chinese retailers selling on Shein and Temu are reportedly facing a 30% levy on exports. These merchants say logistics agents have asked for that increased price following tariffs imposed on China by the Trump White House, Bloomberg News reported Thursday (Feb. 6). Vendors were notified late Wednesday (Feb. 5) about the new prices, the report said, citing a memo seen by […]

BNY and Mizuho Bank Collaborate on Trade Services in Asia

October 21, 2024
The Bank of New York Mellon Corp. (BNY) and Mizuho Bank are collaborating to provide trade services to corporate clients in Asia. The banks have formed an agreement for correspondent...

XTransfer and EBANX Form LatAm B2B Payments Partnership

July 23, 2024
Cross-border trade payments platform XTransfer has joined forces with payments firm EBANX. The partnership, announced Tuesday (July 23), is designed to streamline B2B payments in Latin America. “This collaboration will empower XTransfer’s clients — small...

Alibaba.com Launches Cross-Border Trade Service With Fixed Prices, Guaranteed Delivery

June 06, 2024
Alibaba.com has launched a new service in which it does more of the legwork involved in cross-border trade. For products sourced through Alibaba Guaranteed, which was officially launched Thursday (June...