With eCommerce growth expected to continue after the pandemic ends, businesses are pressed to support an increasing volume of cross-border transactions. Application programming interfaces (APIs) can help streamline cross-border payments operations and help financial institutions (FIs) and eCommerce businesses address the most complex cross-border payments...
London-based global money transfer firm Wise will hire more than 150 new staff in 2022 as it expands its U.S. operations in Austin, Texas, relocates its New York City office to a bigger location and beefs up its staffing in Tampa, Florida, according to a...
Payments localization is becoming more integral to cross-border eCommerce success as more merchants personalize checkouts for customers in different geographic locations. Supporting the right mix of currencies and payment options is becoming more paramount as merchants’ competitors add more of both. A new study, The...
Sales via eCommerce channels skyrocketed during the pandemic, bringing cross-border payments on the rise with them. New data shows that even with travel and trade volumes down, cross-border eCommerce transactions grew 17% in 2020, and consumer-to-business (C2B) cross-border payments are projected to reach $2.8 trillion...
Beauty shoppers around the world want what they want and pay for it with what they have in their digital wallets. In the Cross-Border Retail Payments Tracker, Na’Imah Muhammad, owner of wig and hair extension retailer Brazilian Bundle Me, explains how offering alternative payment methods...
The pandemic continues to shift the mindsets of merchants and consumers alike, resulting in a proliferation of online marketplaces and a greater number of digital transactions around the world. eCommerce sales have spiked considerably in the past 20 months, and 43% of customers now agree...
Brussels has proposed an end to almost all cross-border selling of services by banks based outside the European Union, according to a Financial Times report Monday (Nov. 22), a move that could hurt lenders in London and other financial institutions without staff or a solid...
eCommerce has made important gains in Latin America during the pandemic, with one report projecting that eCommerce sales in this region will exceed $270 billion by the end of the year. Another study predicted that the number of digital shoppers will rise to 77 million...
Getting paid is a challenge for any business at the best of times, but in the case of cross-border transactions, the complexity often extends several layers deep. It’s not just that international payments are notoriously slow and expensive. There are much bigger problems to deal...
