Businesses worldwide are facing significant headwinds in 2023, with inflation still a global concern and rising interest rates leading to fears of recession. Many companies hope to compensate for these potential revenue hits by expanding into high-growth markets worldwide. Despite complications for newcomers, the potential...
TransferMate has launched an embedded solution that facilitates cross-border payments. The new TransferMate Connect enables banks and financial institutions to integrate with the firm’s global payments infrastructure to build payment products for their customers, according to the firm’s website. “TransferMate Connect will enable banks and...
Freedom Finance Bank Kazakhstan JSC and Visa have partnered to facilitate cross-border payments from the central Asian country. UZ Daily reported Tuesday (Feb. 21) that the bank is deploying the Visa B2B Connect payment service in Kazakhstan, allowing companies in the country to make international...
G-P and Wise have partnered to enable faster cross-border payments to freelancers and contractors. The firms said in a Wednesday (Feb. 22) press release that adding Wise’s cross-border payments technology to G-P’s Global Employment Platform will enable businesses to make payments in most countries and...
Digital platforms are continuing to revolutionize the remittances market, and Western Union is taking notice. The 172-year-old financial services company told investors during its fourth quarter earnings call Tuesday (Feb. 7) that it sees remittance volumes remaining resilient in 2023, and growing in line with...
PhonePe is now enabling cross-border Unified Payments Interface (UPI) payments in select countries. With this support for UPI international payments, PhonePe’s Indian users can pay foreign merchants instantly when traveling abroad, the Indian eCommerce payment system and digital wallet company said in a Tuesday (Feb....
Continental nearshoring is driving a broad shift in both global trade and friction-free B2B payments. Or so observers hope. Supply-chain disruptions, prolonged “zero COVID” shutdowns in China, and soaring shipping rates, alongside widespread geopolitical uncertainty caused by Russia’s invasion of Ukraine, are combining to fuel...
Fintiv and Geoswift have partnered on enabling cross-border remittance payments into Asia. The collaboration — which brings together Fintiv’s mobile commerce platform and Geoswift’s payment technology and Asian cross-border payments expertise — will allow the remittances to be made through Fintiv’s mobile wallets, the companies...
Small- to medium-sized businesses have been hobbled on a global stage. The lure of eCommerce is that digital channels level the playing field for…well, just about anyone. Theoretically at least, smaller firms should be able to compete with even the largest of eCommerce juggernauts if...
