Cross Border Commerce

Cross-border Payments
Stripe’s Cross-Border Payments Volume in Asia Grows 30%
August 28, 2024

Stripe saw its cross-border payments volume in Asia increase by over 30% last year. The payments company offered the update as part of Stripe Tour Singapore, its annual product showcase for the region, according to a Wednesday (Aug. 28) press release. “Building on that momentum,...

Cross Border Commerce
Banking Circle and Skydo Partner on Cross-Border Payment Solutions
August 22, 2024

Banking Circle and Skydo have partnered to provide payment solutions for Indian businesses that operate in international markets. This collaboration will enable the small and medium-sized businesses (SMBs) using Skydo’s cross-border payments platform to offer their buyers in the United Kingdom and the European Union...

Cross-border Payments
BNY and CBA Launch Cross-Border Payments Partnership
August 22, 2024

BNY and Commonwealth Bank of Australia (CBA) launched a cross-border payments partnership. The collaboration lets businesses and individuals who receive international payments from BNY customers get paid in as little as 60 seconds, no matter who they bank with, according to a Thursday (Aug. 22) press...

Cross-border Payments
TerraPay Forms Wallet Interoperability Pact for Cross-Border Payments
August 20, 2024

Global money movement company TerraPay and five digital wallet operators teamed up to facilitate cross-border payments and money movement. The five wallet operators participating in the new Wallet Interoperability Council include Airtel, bKash, MPESA, Nequi and Sama Money, according to a Tuesday (Aug. 20) press...

Cross-border Payments
Corpay Teams With Finzly to Streamline Foreign Exchange Payments
August 14, 2024

Payments solutions firm Finzly says it has launched a partnership with corporate payments company Corpay. The collaboration, announced Wednesday (Aug. 14), combines Finzly’s foreign exchange (FX) payment platform and Corpay Cross-Border’s real-time FX rates, giving financial institutions and their business clients access to FX transaction...

Cross Border Commerce
Wise Resumes Signing Customers in India to Tap $32 Billion Remittance Market
August 12, 2024

Money transfer firm Wise is reportedly hoping to tap India’s $32 billion remittance market. To that end, Wise plans to begin signing up new customers in the world’s most populous nation after pausing that side of its business in the country, company officials told Bloomberg News Monday (Aug. 12)....

Cross-border Payments
PingPong Scores Payments License in Indonesia
July 31, 2024

Enterprise-focused cross-border payments platform PingPong has won approval to do business in Indonesia. Bank Indonesia, the country’s central bank, has granted the company a payment system service provider license, allowing it to facilitate domestic and cross-border payments in the world’s fourth most populous country, PingPong...

Cross Border Commerce
WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce
July 29, 2024

With the news that five years of trade negotiations under the World Trade Organization (WTO) Joint Statement Initiative on Electronic Commerce reached a milestone Friday (July 26) — with participants agreeing to a two-year extension of a moratorium on taxation of cross-border electronic transmissions —...

Cross-border Payments
TerraPay: Scaling Cross-Border Payments Means Reducing How Much They Cost
July 22, 2024

Innovation within payments and commerce is increasingly centered on fostering global financial interoperability and inclusion. Already, the first half of 2024 has been particularly action-packed for the payments industry, marked by significant technological advancements and strategic initiatives aimed at reducing transaction costs as a key...