In the payments industry, they’re known as remittances. But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines. They have provided critical support for those developing markets during the pandemic and will continue their...
Buy now, pay later (BNPL) firm Afterpay has introduced new cross-border options for merchants to sell their products to consumers in Australia, New Zealand, the U.K. and Canada, according to a press release emailed to PYMNTS. In addition, the company plans to allow global merchants...
The world is in the midst of a massive shift from brick-and-mortar retail to digital commerce. Consumers across the globe are primarily going online to shop and pay for everything from clothing to electronics and groceries due to the pandemic, with digital product sellers among...
The pandemic has highlighted the importance of fast and efficient cross-border payments. Citi Global Head of Cross-Border Payments Amit Agarwal told PYMNTS in a Masterclass that the pandemic has accelerated trends across the B2B, B2C and P2P spaces that were already in place, underpinned by...
In its ongoing efforts to beef up its international real-time payments network, Western Union has again expanded its payout options. The move was due in part to increased demand from businesses and individuals for such transfers and “for transparency, immediacy and reliability,” the company said...
From the largest marquee names in luxury retail to artisans peddling handcrafted wares, selling direct to consumer has never been more urgent. But Emanuela Saccarola, Citi’s global head of product for cross-border payments, tells Karen Webster the transition to digital shopping and eCommerce requires a...
Silicon Valley neobank startup Unifimoney is partnering with Singapore FinTech startup Nium for real-time money transfers across the globe, the companies said in a statement on Wednesday (Oct. 21). The tie-up will offer Unifimoney customers an enhanced and expanded money transfer experience that happens in...
Emburse, which works in expense management and accounts payable automation, has launched Emburse Global Reimbursements, intended to help pay employee expenses in a more efficient, cost-effective way. The solution is partnered with TransferWise and will help to resolve issues in multiple currencies, the release says. Rather...
Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT’s latest service to speed effortless global cross-border payments for small- and medium-sized business (SMBs) and consumer markets. “We see great potential for banks that are competing against FinTechs and alternate networks when it...
