Southeast Asian FinTech InstaReM, which specializes in digital cross-border money transfers and payments, has announced a new API-based digital platform that will enable startups, FinTech companies and enterprises to launch their own branded cards. Using the global digital ecosystem for payments and remittance that InstaReM...
Trade wars leave casualties on the economic battlefield, wounding balance sheets and earnings as the costs to import (and sell) goods mounts. That’s especially true for retailers caught in the cross-hairs of the ongoing skirmish between China and the United States, where the latest (and...
TransferMate Global Payments, the cross-border B2B payments provider, announced Monday (May 20) it inked a deal with Wells Fargo to deliver its Global Invoice Connect platform for U.S. based international businesses. In a press release, TransferMate said its Global Invoice Connect Platform enables U.S. businesses...
Continuing a partnership first announced last spring, as of today Flywire and UnionPay International are announcing the re-launch of a promotional program that will offer Chinese nationals the option to use their UnionPay cards for global tuition or healthcare payments for a greatly discounted fee....
Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they...
The Mexican government is hoping FinTechs will make sending cash home for Mexican families living abroad more affordable. Deputy Finance Minister Arturo Herrera said the government believes that the popularity of money transfer apps could force banks and Western Union to bring down their prices....
The New York branch of Bank of China will allow Chinese firms to get payment in yuan from eCommerce sales derived from their U.S. platforms, reported Reuters. The report, citing the official Xinhua news agency, reported that Chinese firms will be able to receive payment in...
UnionPay International announced earlier in January that it rolled out the UPI Developer, which is a platform to create applications for cross-border payments. According to a report in Mobile Payments Today, the new platform is open and enables developers to create apps for cross-border mobile...
UAE Exchange, the United Arab Emirates-based company, and Ripple, the blockchain technology company based in the U.S., are gearing up to launch cross-border remittances to Asia using blockchain technology. According to a report in Reuters, citing UAE Exchange’s group CEO Promoth Manghat, who is also executive director...
