As millions of consumers shifted their shopping activities online, businesses faced numerous barriers when meeting them there, particularly companies seeking to penetrate the United States market from abroad. From complex anti-fraud and anti-money laundering regulations to the difficulty of opening bank accounts in the U.S....
Remitly, preparing to go public, detailed a cross-border payments opportunity worth in the trillions of dollars annually, and said that the global remittance market is ripe for a tech-led overhaul toward mobile channels. To that end, in the filing with the Securities and Exchange Commission...
The twofold setback of Brexit and the pandemic has irreversibly altered international commerce. In the Cross-Border Retail Payments Tracker, Michal Szczesny, CEO of Artfinder, explains how collaborating with payment providers to meet regulatory requirements and speed transactions is helping art merchants meet cross-border challenges.
Cross-border payment hub Tranglo has received new payment functions from the Monetary Authority of Singapore (MAS), the company shared in an announcement on Monday (Aug. 9). The approvals will enable the company to provide account issuance, domestic money transfer and e-money issuance services. The MAS...
Global eCommerce sales now represent a $4.2 trillion market as consumers shifted their purchasing behaviors to accommodate the pandemic. This growth is only expected to continue, too, with these sales predicted to total $5.4 trillion by 2022. Retailers of all types are coping with this...
In A Decade of Digital Transformation in 12 Months, 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out. In this excerpt, Denelle Dixon, CEO and...
Cryptocurrency and digital payments network Ripple is collaborating with remittance company SBI Remit, as well as Coins.ph, to introduce an on-demand liquidity (ODL) service in Japan. SBI Remit is among the biggest money transfer companies in Japan. Coins.ph is a leading mobile wallet service in...
Goldman Sachs and financial services company Fiserv have teamed on a new initiative aimed at streamlining B2B cross-border supplier payments, Fiserv announced in a Monday (July 26) press release emailed to PYMNTS. This is the first step in a strategic relationship between Fiserv and Goldman...
The rise of global commerce between enterprises, always on in a 24/7 world across time zones and currencies, shows that cross-border payments need a (digital) makeover. Depending on the vertical (technology stands out as an example), supply chains are comprised of many links that stretch...
