Fx news and trends

Corpay Keeps Focus on Cross-Border and Corporate Payments Despite Macro Turbulence
Earnings // February 05, 2025

As the global transportation and logistics sectors navigate economic uncertainty, rising fuel costs and increasing regulatory pressures, fleet managers are reevaluating their operational strategies. The focus is shifting toward efficiency and cost savings, making payment and expense management a critical component of modern fleet operations....

Wells Fargo and Derivative Path Partner on FX Payment Services
Partnerships // January 27, 2025

Derivative Path and Wells Fargo have partnered to help regional and community banks provide foreign exchange (FX) payment services. The solution enabled by this collaboration works within bank customers’ digital experience, provides real-time FX rates across more than 120 currency pairs and streamlines the collection...

Waza Introduces Multi-Currency Account Platform for Businesses Serving Emerging Markets
B2B Payments // January 20, 2025

Waza has introduced a multi-currency account platform called Lync that it said is designed to power global trade for businesses in emerging markets. Lync is designed to overcome financial barriers faced by the businesses that are incorporated in the United States, the United Kingdom or the European...

Morgan Stanley Taps Wise Platform to Accelerate Cross-Border Settlements
B2B Payments // December 17, 2024

Morgan Stanley will offer its clients high-speed cross-border settlements through Wise Platform. The investment bank tapped this solution from Wise, a global technology focused on money movement, to facilitate foreign exchange international settlement for its corporate and institutional clients, the companies said in a Tuesday...

Interviews & Exclusives
Travelex CEO Says Travelers Getting Smarter About Managing FX Risks

March 07, 2024
The travel industry is on a strong rebound post-pandemic, experiencing a notable resurgence in activity and revenue. And despite the rise of digital payments methods, Richard Wazacz, CEO at foreign exchange company Travelex, tells PYMNTS that the continued use of cash as the primary payment method for cross-border travel is fueling the increase in travel industry revenue. […]

Multicurrency Corporate Cards Help Safeguard Firms Against Losses in Volatile FX Market

January 25, 2024
Corporate card usage has surged in popularity, especially among small- to medium-sized businesses (SMBs) grappling with inflationary pressures and rising costs.  However, despite this trend, the traditional financial services sector...

Liquidity Management Key to Taming FX Volatility in Emerging Markets

November 20, 2023
Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16 hubs before the payment reaches...

Cross-Border Payments Innovation: Pipe Dream or Right Around the Corner?

October 09, 2023
When it comes to cross-border payments, patience is a virtue — but fees are a reality. That’s because moving money between nations has long been plagued by inefficiencies, high costs...

Quick Reads
Reserve Bank of India Not Targeting Specific Exchange Rate Amid Rupee’s Decline

February 07, 2025
After a 3% decline in the rupee since mid-December, the new chief of India’s central bank reportedly said Friday (Feb. 7) that the bank is working to maintain stability without hurting market efficiency. “Our interventions in the forex market focus on smoothening excessive and disruptive volatility rather than targeting any specific exchange rate level or […]

Wells Fargo and Derivative Path Partner on FX Payment Services

January 27, 2025
Derivative Path and Wells Fargo have partnered to help regional and community banks provide foreign exchange (FX) payment services. The solution enabled by this collaboration works within bank customers’ digital...

Waza Introduces Multi-Currency Account Platform for Businesses Serving Emerging Markets

January 20, 2025
Waza has introduced a multi-currency account platform called Lync that it said is designed to power global trade for businesses in emerging markets. Lync is designed to overcome financial barriers faced by...

Morgan Stanley Taps Wise Platform to Accelerate Cross-Border Settlements

December 17, 2024
Morgan Stanley will offer its clients high-speed cross-border settlements through Wise Platform. The investment bank tapped this solution from Wise, a global technology focused on money movement, to facilitate foreign...