Sometimes, the buyer who will pay the most for a used car is in another country. In the U.S., Canada and European Union, environmental regulations and policies that prioritize electric vehicles over conventional ones reduced the market for older vehicles. In developing countries in West...
Stay-at-home orders and lockdowns in the wake of the pandemic led to an unprecedented boom in remote work — a trend that many say is here to stay. “The pandemic has been awful in many ways, but it has been positive in the sense that...
“Very dependent on global networks.” That’s how Madalena Cascais Tomé, CEO of Portugal-based payments firm SIBS, described cross-border mobile payments across Europe — a challenge which she said requires accelerating innovation among European payment systems in order to bypass the rigid rules and standards set...
Western Union has launched its transfer services in South Korea with FinTech ICB Co. Ltd.’s mobile app, the international cross-currency money mover announced Monday (March 28). Dubbed “Debunk Remit,” the app offers customers access to Western Union’s money transfers. One of South Korea’s largest cross-border...
For businesses both large and small, the finance department has to juggle between disconnected tools to reconcile payments with expenses, often spending hours sorting through supplier’s invoices, subscriptions for business tools and general expenses just to close the books at the end of the month....
With millions of unbanked and underbanked individuals in the Middle East and North Africa (MENA) region, there is a strong need for new and innovative technologies to help boost financial inclusion and access to financial services. That includes reducing the cost of cross-border money transfers,...
Retailers have long faced challenges in reducing customer payment friction while also maintaining high levels of security. Payment platforms, too, are focused on fraud prevention and finding innovative ways to ensure payments are processed quickly and securely. For Alessandro Bocca, CEO of Italy-based payment orchestration...
No matter the vertical, the world in which enterprises operate is ever more complicated. Supply chains are constrained. Interest rates are volatile. And currencies gyrate wildly against one another on the threat that the current Russia-Ukraine conflagration might escalate and spread. Through it all, buyers...
As the pandemic does a slow fadeout, eCommerce companies are increasingly looking to expand their cross-border reach without taking on the administrative and payments headaches that seeking conversions in other markets typically involves. There are the building blocks that make it easy for customers to...
