July 23, 2024
TerraPay Enables Cross-Border Payments to 2.1 Billion Mobile Wallets
TerraPay says financial institutions can now send money to mobile wallets via the Swift system. The announcement Tuesday (July 23) by the money movement company applies to 2.1 billion mobile wallets worldwide, and...
July 23, 2024
Swiss Lenders Aim to Fill Crypto Payment Gap
Following the collapse of two crypto-friendly American banks, European lenders are reportedly filling that space. As Bloomberg News reported Tuesday (July 23), two Swiss banks — Amina Bank and Sygnum...
July 23, 2024
Earnings Season Shows Companies Still Spending on Corporate Cards
As banks weighed in this month with their earnings reports, Wall Street has focused on earnings per share, investment banking revenues and the state of capital buffers and credit reserves....
July 23, 2024
XTransfer and EBANX Form LatAm B2B Payments Partnership
Cross-border trade payments platform XTransfer has joined forces with payments firm EBANX. The partnership, announced Tuesday (July 23), is designed to streamline B2B payments in Latin America. “This collaboration will empower XTransfer’s clients — small...
July 23, 2024
Emirates NBD Says Middle East’s Digital-First Approach Forces Treasury Management...
The payments landscape is a global one, meaning winning innovations have boundless room to scale. It also means that geographical positioning can help with strategically driving forward various innovations. “The...
July 22, 2024
TerraPay: Scaling Cross-Border Payments Means Reducing How Much They Cost
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...
July 21, 2024
Payments FinTech Ebury Reportedly Planning UK IPO
Santander-owned payments FinTech Ebury is reportedly planning to go public in the U.K. The London-based company is working with investment bankers from Goldman Sachs on the planned $2.5 billion initial...
July 17, 2024
Matera Gets $100 Million to Expand Banking Software Footprint
Banking software provider Matera has landed a $100 million investment from growth investor Warburg Pincus. The new funding, announced in a news release Wednesday (July 17), will help finance Matera’s...
July 17, 2024
HSBC Promotes CFO Georges Elhedery to Chief Exec
British multinational banking group HSBC has a new chief executive officer. Georges Elhedery, who became HSBC’s chief financial officer (CFO) last year, will move into the chief executive role (CEO)...
Real-time payments in the EU are on the verge of achieving their instantaneous promise, with a new rule from the European Council requiring instant fund transfers to be available within 10 seconds. In this edition of the “Real-Time Payments World Map,” a collaboration with The Clearing House, PYMNTS explores this development along with other advancements unfolding across the global real-time payments landscape.
Many eCommerce merchants in the United States seek growth in international markets but encounter significant friction in cross-border transactions. PYMNTS Intelligence’s latest study, “Cross-Border Sales and the Challenge of Failed Payments,” a collaboration with Nuvei, draws on insights from 300 executives to identify the key challenges of cross-border payments and how to solve them.