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...
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...
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...
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...
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 […]
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...
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...
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...
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 […]
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...
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...
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...