Many eCommerce merchants in the United States want to expand their businesses through cross-border sales, but cross-border transactions are not without pain points. As PYMNTS Intelligence’s “Cross-Border Sales and the Challenge of Failed Payments” revealed, faulty cross-border payments took a toll last year, costing U.S....
The farther payments travel, the greater the potential is for failure. Cross-border transactions, as they wend their way across currencies and time zones, with any number of parties and counterparties in the mix, are rife with complexities. Streamlined, standardized messaging, at least conceptually, aids straight-through...
Online commerce carries a number of risks related to digital fraud and payment failure that can result in lost sales and an erosion of brand reputation. This is common to any company that operates online, regardless of its industry and size. However, PYMNTS Intelligence data...
Maalexi has raised $3 million in a Pre-Series A funding round to continue building its cross-border trade platform for small agribusinesses. The platform connects buyers with sellers worldwide to reinforce the food supply chain and promote food security in the United Arab Emirates (UAE) and...
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 in foreign lands, namely, a raft of currency and cultural differences and the challenge of bringing the two together. According to PayU Global Payments Chief […]
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...
September 15, 2022
When PYMNTS speaks to business insiders, especially entrepreneurs looking to grow their companies, they consistently cite finding the right talent as among their top priorities. They also frequently list the...
January 08, 2024
Maalexi has raised $3 million in a Pre-Series A funding round to continue building its cross-border trade platform for small agribusinesses. The platform connects buyers with sellers worldwide to reinforce the food supply chain and promote food security in the United Arab Emirates (UAE) and the greater Gulf Cooperation Council (GCC) region, the company said […]
December 06, 2023
Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned...
December 04, 2023
Citi is working with Traydstream to offer clients automated trade-document processing capabilities. The partnership gives Citi clients a way to “leverage a vast array of pre-loaded document types” along with...
November 27, 2023
TransferMate, a B2B global payments infrastructure-as-a-service provider, has partnered with XTransfer, a B2B foreign trade FinTech platform. The partnership aims to expand market opportunities for importers and exporters, benefiting approximately...
