Cross-Border Payments

If the payments landscape had a holy grail, it would be seamless cross-border payments. Unlike domestic payments, which are shifting toward a real-time, 24/7 model, cross-border transactions are still fraught with ...

PayPal will begin letting its disbursement partners use PayPal USD to settle cross-border money transfers. The new service will be offered through PayPal’s Xoom cross-border payments business, according to a Tuesday ...

If the pandemic taught merchants anything, it’s that supply chains are only as strong as their weakest link — and trucking carriers are among the most vital of those links. ...

Corpay is extending a payments partnership with international aquatic sports governing body World Aquatics. The agreement will see Corpay’s cross-border business continue to serve as World Aquatics’ official foreign exchange (FX) ...

Spain has become Europe’s first banking market fully connected to the European Payments Council’s One-Leg Out instant payments plan. The country’s banking industry achieved that milestone earlier this month, Iberpay said in a news release Monday (Nov. ...

Cross-border trade is a huge business, totaling roughly $190 trillion in 2023. Sourcing goods and services globally and establishing supply chains that transcend borders have become part of the corporate ...

Six months after launching its Visa Flexible Credential (VFC) in Japan with Olive, Visa’s taking the all-in-one payment credential into two new use cases, both announced Tuesday (Nov. 12). According to ...

As earnings season draws to a close, we’ve seen wide-ranging discussions of the consumer, of spending trends, lending trends, tap to pay and BNPL, of cross-border payments and remittances. The digital ...

Foreign exchange brand Travelex is updating its ATM system in partnership with NCR Atleos. The collaboration, announced Monday (Nov. 11), will see Travelex replace the hardware and software of its collection of 600 ATMs in eight ...

Teamwork makes the dream work, especially when that dream is better B2B payments. With FinTech innovators increasingly pairing up with secure and reliable financial institutions, the future looks bright. Tribh Grewal, head ...

Until recently, blockchain’s potential impact within payments and commerce has been, well, somewhat blocked. But increasingly, financial service giants are turning their attention to unlocking the potential of blockchain platforms as ...

Switzerland-based bank UBS has created and piloted UBS Digital Cash, a blockchain-based payment solution. The new offering is designed to allow for the programmability of money movements for the bank’s corporate and institutional ...

Mastercard is collaborating with Arab regional payment system Buna to drive faster, cheaper and more transparent cross-border payments in the Middle East and North Africa (MENA) region. The partnership will bring ...

FinTech Ant International and Singapore bank OCBC are collaborating to enhance cross-border fund settlements. The goal of the partnership is to explore innovations in tokenized deposits for global treasury management through ...

The U.S. marketplace will likely become more cryptocurrency-friendly with industry-backed lawmakers winning in Congress and the White House this election cycle. Many crypto community experts have likened President-elect Donald Trump’s potential ...

PayPay, a QR payments operator in Japan, is expanding its partnership with Alipay+ to widen its merchant coverage network across Japan. More than 3 million merchants will be able to join ...

J.P. Morgan has announced a significant enhancement to its blockchain platform, recently rebranded from Onyx to Kinexys. The bank will integrate Kinexys Digital Payments with J.P. Morgan FX Services, enabling ...

Real-time payments are becoming increasingly popular worldwide, with new implementations and innovations emerging regularly. The European Union has been a traditional leader in real-time payments, prompting providers to prioritize compliance with ...

For the payment networks, the continued shift beyond consumer cards has trillions of dollars’ worth of B2B transactions firmly in sight. And, as spotlighted in Visa and Mastercard’s most recent earnings ...

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts to interest rates. CEO Michael Miebach ...

Money movement platform Thunes has launched a partnership with stablecoin issuer Circle. The collaboration is designed to “accelerate innovation in stablecoin liquidity management,” letting members of Thunes’ Direct Global Network to fund and execute cross-border ...

In the history of finance, few tools are as fundamental as the all-mighty ledger. This holds particularly true as it relates to the timeline and trajectory of cross-border payments innovations. From the ...

The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this discovery when working on its Project ...

Viably and Airwallex have partnered on a solution that enables eCommerce businesses to simplify cross-border transactions and manage multiple currencies in a single account. The Viably Global Account, powered by Airwallex, ...

DailyPay added an international remittance feature to its platform. The new addition is powered by the financial technology solution ReadyRemit by Brightwell and Visa Direct. It lets users send money to ...

Thunes has debuted a solution designed to help customers offer faster cross-border payments. The payment infrastructure company’s Pay-to-Card offering, announced Monday (Oct. 28), is designed to connect members of the Thunes network to 15 ...

Money movement across borders promises to speed the flow of funds between consumers and corporations if done digitally. But commerce is marked by complexity and the specter of fraud on the ...

In the financial world, nothing is more critical than getting payments right. A simple error or untested integration can turn transactions into a logistical nightmare. In a global economy where delays ...

Russian President Vladimir Putin reportedly said Thursday (Oct. 24) that there are no plans to create a new system for cross-border payments between BRICS countries. Speaking at a summit of BRICS ...

As the monthlong B2B Payments: Outlook 2030 event has revealed, the future of B2B payments is fast, global and all about innovation. Still, uncertainty remains an invisible expense on nearly every ...

Crypto observers nowadays must feel as though they’re suffering from déjà vu. While the cryptocurrency-based prediction and betting platform Polymarket is in the news for the recent multimillion-dollar bets being ...

Payments technology company Global Payments will offer its U.S. merchants the Fastlane by PayPal checkout experience. The new offering marks an expanded collaboration between Global Payments and PayPal Holdings, the companies ...

Big Tech defined an era of innovation by moving fast and breaking things. However, while speed is great for money movement, breaking things can be disastrous for the payments and financial ...

Mastercard introduced a new solution that will enable banks to facilitate commercial cross-border payments that are near real-time, predictable and transparent. The new Mastercard Move Commercial Payments is designed to simplify ...

Bank of America now allows companies to lock in foreign exchange (FX) rates for up to one year. The Guaranteed FX Rates offering simplifies the management of FX risk associated with ...

The Bank of New York Mellon Corp. (BNY) and Mizuho Bank are collaborating to provide trade services to corporate clients in Asia. The banks have formed an agreement for correspondent bank ...

Cross-border payments are an integral part of the engines that keep economies worldwide going, but they get a bum rap. As payments wind their way across the globe, senders and receivers ...

It’s been a busy October at PYMNTS. The monthlong event, B2B Payments: Outlook 2030, has been putting an exclamation point on the fact that B2B payments are transforming. The first week ...

Cross-border payments company Nium has launched a collaboration with Bank Rakyat Indonesia (BRI). The partnership lets BRI’s 150 million-plus account holders — many of whom live in remote parts of Indonesia, a nation of 17,000 islands — ...

Stripe, the FinTech giant, is reportedly in talks to acquire crypto startup Bridge for $1 billion, according to sources familiar with the discussions. This potential acquisition would be the largest ...

For decades, B2B payments were an unglamorous yet essential component of corporate finance. Now, B2B payments have started to become a little more glamorous as executives realize the keys to their ...

By 2027, the G20 wants 75% of international payments processed within an hour. Global messaging service Swift said its network is meeting that target, and then some, according to a Thursday ...

For nearly its entire history, cryptocurrency has been searching for a sustainable product-market fit. From payments to speculative investments to supply chain management, the blockchain landscape’s past has been littered with ...

With scammers becoming more and more sophisticated, Swift is bolstering its AI-enhanced fraud detection capabilities. The global messaging service announced Wednesday (Oct. 15) that it will begin offering this service to the payments sector beginning ...

As with any app, any payment, any interaction where money’s being sent and received, first impressions matter. Even for cross-border payments, where the customer-facing experience needs to be marked by ...

Citigroup’s earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were up. And consumers remain resilient — ...

Stellar Development Foundation is integrating Mastercard’s Crypto Credential solution into its blockchain network. The credential, which helps verify interactions among consumers and businesses using blockchain networks, will be added to the ...

Interlinking fast payments systems (FPS) across different jurisdictions could enhance cross-border payments, making them low cost, fast, easy to access and transparent, the Bank for International Settlements (BIS) said Tuesday ...

Global payments services firm PXP Financial has teamed with Latin America-based payment platform Kushki. The collaboration, announced in a Tuesday (Oct. 15) blog post, will let PXP use Kushki’s technology and expertise to create payment solutions ...

Cross-border payments are the lifeblood of international business — but for finance teams, they often come with a side of risk and complexity. As the world shrinks and global markets open ...

Deutsche Bank has debuted a suite of correspondent banking solutions for its clients. Announced Monday (Oct. 14) by the banking giant’s institutional cash and trade arm, dbX is designed to give “financial ...

If businesses aren’t ready for cross-border compliance, they may as well be writing regulators a blank check. And particularly as it relates to financial services, eCommerce and digital platforms, companies looking ...

Russia reportedly aims to create a new system for cross-border payments between BRICS countries. A report that includes this plan was published ahead of an annual BRICS summit that will be ...

Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar transactions and offers clients “24/7, always-on” ...

Citi and Mastercard have teamed up to enable cross-border payments to Mastercard debit cards. The companies are launching this capability in 14 receiving markets across Europe, Asia, Africa, Latin America and ...

There’s a reason why the well-worn phrase “Like money in the bank” is shorthand for security and peace of mind. For B2B suppliers especially, money in the bank — in its ...

Italy-based open finance company Fabrick has launched a collaboration with money movement firm TerraPay. Initially focused on Fabrick’s home country, the partnership gives businesses access to a platform to help them streamline payment processes, ...

It wasn’t too many years ago that a monthlong event to discuss issues, trends and opportunities in B2B payments would have been hard to imagine. It was a sector dominated ...

Mastercard and Paysend partnered to launch the Paysend Libre remittance solution in Mexico. Paysend Libre uses a virtual Paysend Mastercard to provide a secure way to receive remittances, even if the ...

Zepz has raised $267 million in a Series F funding round to continue growing its global cross-border remittance solutions, WorldRemit and Sendwave. “The Series F investment will continue to drive our ...

We’re approaching the mid-point of the decade — and it’s much more than an interesting calendar event. We’ve seen a complete transformation of payments over the past five years, from ...

Visa and CARD91 have partnered to enable regulated entities to issue Forex Cards on the Visa network. This collaboration brings together Visa’s digital payments network and CARD91’s issuance platform-as-a-service solutions to improve ...

In 2022, the de-pegging of the TerraUSD (UST) stablecoin led to a cryptocurrency sector collapse, ultimately exposing fraud at FTX and elsewhere. Much has changed since then, particularly as it relates ...

Innovation in business-to-business (B2B) payments used to be measured in decades, not years. But now, it can be measured in months — even weeks — as B2B payments undergoes profound transformations. “The ...

Real-time payments are growing in popularity the world over, with governments, banks and corporates all doing their part to make these transactions the new norm. While the United States has lagged ...

Blockchain FinTech OwlTing says it will begin employing Visa Direct to power real-time, cross-border payments. The agreement lets OwlTing potentially reach more than 8.5 billion endpoints in Visa’s payment global network, the Taipei-based company said ...

Corpay has announced a cross-border payments partnership with foreign exchange (FX) marketplace AbbeyCross. The collaboration is designed to provide FX payment services to emerging markets via the new AbbeyCross ABX platform, with Corpay Cross-Border ...

Today’s businesses exist and operate across a connected global landscape. Advances like instant payments and real-time data integration are becoming the norm, which puts pressure on multinational companies and commercial banks ...

With Lightspeed Commerce engaged in discussions of “potential strategic alternatives,” private equity firms and Worldpay are reportedly the most logical potential buyers of the point-of-sale (POS) and commerce platform. Jefferies analyst ...

Embedded lending is growing in popularity around the world. It promises convenient, streamlined access to financing for specific expenses from within merchant, business and other platforms. This proves impactful for ...

PayPal launched its PayPal Complete Payments platform in China, saying the solution will streamline payment and receivables processes for businesses of all sizes and support their cross-border transactions. Chinese businesses can ...

Cryptocurrency’s wild ride isn’t over yet. Regulators are closing in, and innovation is speeding up. It’s safe to say that the blockchain landscape remains a bit of a battleground. Price volatility continues ...

BILL has introduced new payment offerings for small businesses and accountants. The new capabilities, announced by the financial platform Wednesday (Sept. 25), include Local Transfer – an international payment option for ...

The last days of the third quarter are upon us, the waning days of the month, too. And it’s shaping up to be a September to remember for tokenized deposits. Tokenized deposits ...

You are the company you keep. And that old adage is good news for stablecoins, the digital currencies pegged to traditional fiat currencies like the U.S. dollar, which have been ...