Cross Border Commerce

Cross Border Commerce
India Expanding X-Border Payment Connections With Neighbors
November 20, 2024

India’s central bank says the country is making mobile payment links with several countries. Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar discussed those connections while speaking to reporters Wednesday (Nov. 20) at a conference in the Philippines. “We have one arrangement with Sri...

Cross-border Payments
PayPal’s Xoom Begins Settling Cross-Border Payments with Stablecoin
November 19, 2024

PayPal will begin letting its disbursement partners use PayPal USD to settle cross-border money transfers. The new service will be offered through PayPal’s Xoom cross-border payments business, according to a Tuesday (Nov. 19) press release. Philippines-based financial services firm Cebuana Lhuillier and Africa’s Yellow Card...

Cross-border Payments
Commercial Cards Become Cash Flow Catalysts for Cross-Border B2B Payments
November 18, 2024

Cross-border trade is a huge business, totaling roughly $190 trillion in 2023. Sourcing goods and services globally and establishing supply chains that transcend borders have become part of the corporate DNA. However, navigating the complexities of cross-border payments remains a challenge as businesses grapple with...

Cross-border Payments
Earnings Season Shows Quickening Pace of SMB Cross-Border Payments Innovation
November 11, 2024

As earnings season draws to a close, we’ve seen wide-ranging discussions of the consumer, of spending trends, lending trends, tap to pay and BNPL, of cross-border payments and remittances. The digital innovations and momentum are showing up in the business-to-business (B2B) space, too, particularly as...

Cross-border Payments
Ant International and OCBC Partner on Tokenized Cross-Border Payments
November 06, 2024

FinTech Ant International and Singapore bank OCBC are collaborating to enhance cross-border fund settlements. The goal of the partnership is to explore innovations in tokenized deposits for global treasury management through Ant International’s Whale platform, according to a Tuesday (Nov. 5) news release. “This collaboration...

Cross-border Payments
Alipay+ and PayPay Expand Partnership for Cross-Border Payments in Japan
November 06, 2024

PayPay, a QR payments operator in Japan, is expanding its partnership with Alipay+ to widen its merchant coverage network across Japan. More than 3 million merchants will be able to join the global payment ecosystem via the tie-up, allowing tourists to pay securely using their...

Cross Border Commerce
Why Cross-Border Payments Innovation Starts and Ends With Ledger Technologies
October 29, 2024

In the history of finance, few tools are as fundamental as the all-mighty ledger. This holds particularly true as it relates to the timeline and trajectory of cross-border payments innovations. From the Age of Discovery and the emergence of bills of exchange, to the cross-border...

Cross Border Commerce
BIS: Regulatory Compliance Can Be Embedded in Cross-Border Protocols
October 29, 2024

The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this discovery when working on its Project Mandala, a collaboration with four central banks. “Mandala is pioneering the compliance-by-design approach to...

Cross Border Commerce
Thunes Debuts ‘Pay-to-Card’ to Expand Cross-Border Offerings
October 28, 2024

Thunes has debuted a solution designed to help customers offer faster cross-border payments. The payment infrastructure company’s Pay-to-Card offering, announced Monday (Oct. 28), is designed to connect members of the Thunes network to 15 billion cards worldwide, including those offered by Mastercard, Visa and China’s UnionPay. “This new...