Among the surprises in 2022 — a year full of them in the financial realm — the strong dollar is now a challenge (and opportunity) that corporates must wrestle with as they make $140 trillion in cross-border transactions annually and manage daily liquidity. Cat Moore,...
Wise Platform, the enterprise-facing branch of cross-border payments firm Wise, announced Friday (Sept. 9) the launch of its new SWIFT International Receive service, which will allow Wise client institutions to facilitate cross-border payments, even if their bank is not connected to SWIFT. The new service...
In a way, used cars are like stocks, options and bonds from the point of view of Ryan Davidson, founder and CEO of Trade X, in that volatility is an opportunity for profit. “Inflation and volatility [are] actually what drives our business,” Davidson said. “The...
In India, a broadening by the Reserve Bank of India (RBI) of the ways and means through which citizens can send money abroad will open the floodgates to FinTechs and other businesses dealing with cross-border payments. Reeju Datta, co-founder of Cashfree Payments, told PYMNTS’ Karen...
Ramana Satyavarapu, chief technology officer of Nium, told PYMNTS that we’re living in unprecedented times in which the very nature of money movement, especially cross-border money movement, is changing. As to what might be top of mind for a CTO, it boiled down to one...
The Asia Pacific (APAC) region is key to the international growth strategies of countless eCommerce merchants across the United States, the United Kingdom and Canada. Home to 4.3 billion consumers, the region represents a massive market potential that many businesses aim to unlock through expanded...
In 2021, United Kingdom businesses turned to hiring internationally to expand into new markets and tap into the worldwide talent pool. But firms soon realized that hiring and managing an international workforce was a complex undertaking that involved juggling a myriad of challenges. According to...
Bank Indonesia and the Monetary Authority of Singapore (MAS) have begun working on a cross-border QR payment method between Indonesia and Singapore, a press release said, part of the ASEAN-wide payments connectivity effort. The reason behind the partnership is the 1.9 million arrivals in Indonesia...
Nigeria-based FinTech Grey has raised $2 million in seed funding, toward its goal of simplifying the sending and receiving of foreign payments for Africans, a press release said. The company’s services allow for the free creation of a bank account, to send money to the...
