British FinTech Wise saw its revenues increase 50% in the last quarter, with customers bringing forward money transfers in fear of volatility later this year. As the Financial Times reported Tuesday (July 19), the volume of money transferred by the company rose to 24.4 billion...
Investors would argue that New York, home to the two largest stock exchanges in the world, is clearly the nerve center of the global economy. Others might point to Hong Kong as the engine of international commerce thanks to its deep ties with the world’s...
The Bank for International Settlements (BIS) published on Friday (July 8) a report highlighting the benefits of interlinking arrangements and application programming interfaces (APIs) to enhance cross-border payments and the challenges that payment operators are facing. Both interlinking of payment systems and harmonizing API protocols...
Remittance corridors that connect African nations to economies in Europe, the Middle East and the U.S. provide a vital lifeline for many individuals moving money across borders. Now, a new wave of FinTech firms are increasingly challenging the dominance of traditional cross-border transfer solutions like...
Financial institutions (FIs) are rising to the challenges of business clients seeking and doing more business in overseas markets, requiring a rethink — and in many cases, an upgrade, with services like automated account validation and digital lockboxes to address security issues. New data finds that...
Localized payments are proving crucial to global expansion for merchants and brands, underscoring the need for more payments choice, and integrations supporting it. That’s the bottom line on news that broke Tuesday (June 28) as Citcon and Bold Commerce partner to combine the Citcon payments...
Global cross-border payments company LianLian Global is introducing a multi-currency digital wallet for cross-border transactions that can be used by U.S. merchants selling on international marketplaces. The digital wallet is intended to speed up payments while making them more accessible and less expensive than traditional...
Money movement platform Nium is working alongside the Stellar Development Foundation (SDF) to offer payouts for 190 countries, a press release said. SDF supports the open-source blockchain Stellar, which is built for “fast and efficient” payments, the press release noted, which improves cross-border payouts while...
PayGlocal, a payment solutions startup, has raised $12 million in a funding round, according to the Economic Times of India. PayGlocal works on the allowance of merchants to take cross-border payments, and lets them use whatever currency and card they choose. The new funding will...
