Global payments are not as simple as we’d like them, or need them, to be. Leslie Bailey, vice president of market planning at LexisNexis, told PYMNTS that global commerce has brought to the surface the challenges of global payments for those trying to facilitate them....
eCommerce growth is expected to continue as the pandemic persists, and merchants are working to support the increasing volume of cross-border transactions. One survey found that 32% of consumers from 40 countries made more cross-border purchases from online retailers in 2020 due to the pandemic and that 51% planned to do more cross-border shopping...
The great digital shift is bringing B2B more fully into the 21st century — and digital marketplaces are a key component of it. But even as marketplaces proliferate, an inability to offer trade credit to buyers keeps them from realizing their full potential to transform supply...
Many consumers still aren’t traveling internationally, but they’re still browsing global merchants for unique gifts. In the Cross-Border Retail Payments Tracker, GiftBasketsOverseas CEO Dmitriy Peregudov gives a firsthand account of the importance of offering localized payment options that go beyond credit cards when serving customers...
Increasingly, firms want to sell into new geographies to gain global scale. No easy task, noted Digital River’s Michael French, VP of Partnerships and Alliances, who explains how the company’s new expansion of cross-border capabilities for its enterprise client base seeks to remove complexities of...
B2B marketplace Grovara debuted the first digital Pallet-Builder for food and beverage exporting on Monday (Jan. 17), with a press release saying that the platform lets international buyers place orders and save time. The release notes that only one in 10 companies export, because of...
Consumers’ interest in making cross-border eCommerce purchases continues to grow, with the value of global cross-border retail payments predicted to increase from $1.95 trillion in 2016 to $3.56 trillion in 2022. Yet, consumers have not always expressed satisfaction with these experiences. eTailers looking to succeed...
A new system went live with 12 banks in Africa to enable payment transactions and alleviate trade issues across the continent, which deals in more than 40 currencies, according to reports. The Africa Export-Import Bank (Afreximbank) launched the Pan-African Payment and Settlement System (PAPSS), in...
FinTech platform Airwallex is officially introducing payment services in Singapore after being granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore and piloting a successful beta launch in November 2020. Acquiring the license boosted the company’s operations in Southeast Asia. Airwallex...
