China’s more than 700,000 students studying abroad each year can make overseas tuition payments within three minutes as part of a collaborative effort between EasyTransfer and Tencent Financial Technology, according to a Tuesday (Nov. 2) press release. The newly introduced WeRemit Tuition Pay enables students to pay...
As a growing number of businesses around the world aim to find — and sell to — customers internationally, foreign exchange (FX) is becoming an increasingly important and common topic of conversation. Payoneer Chief Revenue Officer Robert Clarkson told PYMNTS that FX is becoming a...
The digital economy enables businesses to reach customers across national borders more easily than ever before. One study found that two-thirds of eCommerce firms sell beyond their home markets, deriving 31% of their revenue from cross-border sales; other data showed that more than half of...
Consumers get frustrated when buying tickets online if they lack access to their native languages, currencies and preferred payment methods. In the Payment Orchestration For Global Commerce Playbook, Cris Miller of online event ticketing platform viagogo says those unmet payment needs start with making the...
Managing cross-border payments represents a key challenge for businesses that operate and have customers in multiple countries. Regulatory and tax issues are more complex, and transactions fees are higher than with domestic payments. Payment orchestration platforms (POPs) can solve these problems and address the ever-growing...
Global cross-border payments network Thunes on Monday (Oct. 25) said it’s teaming up with PayPal digital remittance service Xoom to allow customers in the U.S. Canada, the U.K. and Europe to send money to mobile wallets across the globe. The partnership expands on Thunes’ work...
Consumers are increasingly using cryptocurrencies for remittances. Against that backdrop, Stellar CEO and Executive Director Denelle Dixon and AirTM Co-founder and CEO Ruben Galindo told PYMNTS that new financial ecosystems are taking shape, pivoting off the great digital shift, yet still embracing traditional payments infrastructure....
The pain points in cross-border payments are acute. The various payment systems that are domiciled in one country or another traditionally don’t overlap in their operating hours. ACH payments have been done in batches, across multiple sites and across multiple windows in time. Fees are...
Mastercard and British artificial intelligence-powered payments FinTech company Previse have joined forces on the integration of Mastercard Cross-Border Services, according to a Monday (Oct. 18) press release. The collaboration enables funds to be sent securely to any account as part of Previse’s InstantPay platform. Incorporating the latest...
