A report by the MENA Fintech Association (MFTA) analyzing the landscape of cross-border payments across the region has found that cost, speed, accessibility and transparency are issues creating friction in payments both between MENA countries (intra-MENA) and between MENA countries and the rest of the...
Cross-border transaction provider Bexs Pay will be working with NuPay to provide eCommerce payment intermediation, according to a Friday (June 3) report from Financial IT. Bexs Pay uses a cross-border model connecting people and businesses, letting Brazilians get international products and services, paying with their...
Shoplazza merchants will be able to access new direct-to-consumer (D2C) payments acceptance from Payoneer on Shoplazza’s Shopping Cart Software-as-a-Service (SaaS) offering, according to a Wednesday (June 1) press release. This will make it so merchants can accept pay directly from customers worldwide, unifying earnings at...
For all the harm caused by the pandemic, one bright spot is its impact on hiring, as remote work is now as accepted — if not encouraged — over being in a central office setting. This is especially applicable when it comes to companies expanding into new...
For Europe-based platforms and marketplaces connecting businesses and consumers or business-to-business (B2B) platforms, juggling different payment methods and currencies can be challenging when dealing with customers from all over the world. Keeping up with laws and standards in a region known for its constantly evolving...
The Clearing House (TCH) has said its clearing and settlement system CHIPS will implement the ISO 20022 message format as planned by November of next year, a press release said Thursday (May 26), which will make cross-border payments and messaging more efficient. TCH is committed...
Breathless anticipation of blockchain and central bank digital currencies (CBDCs) aside: There’ll always be a place for the correspondent banking system. As Russ Waterhouse, executive vice president for product development and strategy at The Clearing House (TCH), told PYMNTS’ Karen Webster: The existing real-time payments...
Western Union and SuperGIROS, part of the Acciones & Valores network, on Tuesday (May 3) teamed up to give Colombians more financial flexibility by adding Western Union’s cross-border global money movement and payments capabilities in every SuperGIROS retail location in the country. Colombians now have...
“Why should it take longer to send money anywhere than sending a WhatsApp message or text message?” It’s a question that Ronnie Millar, co-founder and CEO at U.K.-based FinTech firm Paysend, posed as a way of highlighting the unnecessary, years-long complexity that has surrounded moving...
