Globalization and the great digital shift are doing much to create new revenue opportunities for all manner of firms — large and small — that export their offerings (sometimes via platforms) into new markets. Reeju Datta, co-founder of Cashfree Payments, told PYMNTS in a recent...
As elsewhere, in the Gulf Cooperation Council (GCC) region, the remittance market has traditionally been dominated by a few major players. According to Amir Fardghassemi, founder and CEO at UAE-based financial super-app Jingle Pay, that lack of competition has contributed to a system where high...
The promise of cross-border commerce is always the opportunity to tap into new markets. But no two countries, or even markets within a given country, are quite the same, especially when it comes to B2B payments. And therein lies the peril of cross-border commerce, Payoneer...
There are a lot of potential points of friction or failure in cross-border payments between businesses, ranging from slow finality and high costs to counterparty risk. Those are all problems that using bitcoin, stablecoins and other digital assets can help you bypass, said Stephen Pair,...
From small businesses to global brands, businesses continue to face challenges when making payments across borders in order to pursue the massive opportunity that doing business globally provides. In a panel discussion hosted by Ben Ellis, Global Head, Visa B2B Connect, Visa Business Solutions, two...
Visa and B2B payments company Thunes have partnered to enable individuals and small- to medium-sized businesses (SMBs) using Visa Direct to move money internationally to 78 digital wallet providers. With this cross-border, send-to-wallet capability, those users will be able to move money to 1.5 billion...
Africa is often lagging behind when it comes to global trade but in recent years, projects aimed at building a more autonomous pan-African economy, many of them under the rubric of the African Union (AU), are seeking to redress that balance and secure a more...
When the Reserve Bank of India (RBI) outlined its vision for a national payment system that would rival international card schemes, its primary goals were to reduce the cost burden on banks and the country’s dependency on foreign processors. And in the eight years since...
Wise, the U.K.-based cross-border money transfer business, has increased the average cost of transactions for the first time since 2020. As reported in the Financial Times on Tuesday (Oct. 18), the average cost per transaction increased by 2 basis points to 0.64% in the third...
