While digitization has transformed the global remittance market, it is far from a one-dimensional process. After all, any money transfer service aiming for global coverage needs to be flexible enough to move money across diverse payment ecosystems and fragmented regulatory landscapes, while meeting the different...
Small to midsized businesses (SMBs) have a range of payment choices when deciding to launch operations internationally. While most SMBs globally launching will have some web presence, many may still use legacy payment methods to send and receive funds. Payments digitization helps SMBs grow internationally,...
AvidXchange Holdings has expanded its international payment capabilities through a partnership with Wise Platform. With the partnership, the provider of accounts payable (AP) automation software and payment solutions for middle-market businesses and their suppliers will gain support for international payment capabilities through its new Cross-Border...
The cost of staying in business on the global stage is getting tougher to shoulder. Especially for the small and medium-sized businesses (SMBs) that power the global economy. The great digital shift has brough with it a paradox. Technology has leveled the playing field across all...
Latin America is a burgeoning market for eCommerce, with a recent report pegging its value at $382 billion, representing a 35% growth from 2021. Some experts are even projecting a 25% growth in volume between 2021 and 2025, including B2C commerce, cross-border purchases, travel and digital goods, for a...
Local FinTech wallets are a key part of the Asia-Pacific (APAC) eCommerce ecosystem. Whether Alipay in China, Paytm in India, Kakao Pay in South Korea or Rakuten in Japan, shoppers are accustomed to using local wallets to transact in their everyday lives. So why do...
PYMNTS talks with Karen Bruck, vice president of commerce and strategic initiatives at Mercado Libre, about the unique opportunities and challenges in Latin American eCommerce. — Latin America’s eCommerce market is expanding rapidly, especially as the pandemic has radically altered consumers’ shopping habits. Brick-and-mortar shopping was previously the name of the game,...
Swift says sign-ups for its cross-border payments service have tripled since its 2021 launch. Swift Go, “which brings speed, transparency, and certainty” to payments of less than $10,000, is now used by more than 500 banks in upwards of 120 countries, the global financial messaging...
Digital payments are growing fast in Latin America, threatening to overtake cash as the preferred transaction method. One study revealed that mobile bank accounts in Latin America increased by 67% in 2020, and QR code payments are also quickly gaining ground. Brazil’s Pix system, operated...
