In a time of incredible instability, cross-border payments have helped kept the global economy moving. As a result, the transaction value of global remittance and cross-border payments is expected to rise from $37.2 trillion in 2020 to $39.9 trillion by 2026. The growing demand for...
An unstoppable eCommerce train can find itself delayed at border crossings, so to speak, by expanding into new regions without first making sure their payments stack is good to go, too. Cross-border expansion is a prime growth medium for eCommerce merchants, with the global B2C...
The amount of money crisscrossing the globe each year is staggering, with $156 trillion expected to cross international borders annually by 2022. These payments include everything from multibillion-dollar corporate acquisitions to small value remittances sent by migrant workers, but one of the most quickly growing market segments...
Global payment tech partner Nuvei has debuted a capability enhancement that allows international merchants to accept local payment methods in 10 Latin American countries, the company announced Tuesday (Jan. 4). The company’s solution, which also includes international card schemes and alternative payment methods, will streamline...
Consumers clearly want to use digital wallets when they shop with merchants abroad, but that can be easier said than done. In the Cross-Border Retail Payments Tracker, eBay’s Avritti Khandurie Mittal gives PYMNTS an inside look into the company's centralized payments platform that gives buyers...
Sending money abroad has become an essential part of migrant workers’ lives, leading to a boom in remittance service providers who help customers send billions annually to people in low- and middle-income countries. Since recipients often depend on these funds for necessary living expenses like...
Cross-border payments have expanded significantly from businesses to individual consumers in recent years, with payment card giant Visa reporting that cross-border payment volumes on its service grew by 38% in Q4 2021, for example. This trend has been driven by individuals shopping online as brick-and-mortar...
Card-to-card and international payments platform Paysend has launched a technology partnership with Tencent Holdings’ FinTech division that will let people receive money over Tencent’s WeChat service. According to a Wednesday (Dec. 29) news release, the partnership will let Paysend users make cross-border payments through licensed...
Jeremy Wilmot said he believes the future of digital, real-time payments is now — and that we’ll witness an “explosion” in cross-border, real-time transactions over the next several years. ACI Worldwide’s chief product officer told PYMNTS in an interview that the pandemic is serving as...
