March 06, 2024
Will JPMorgan Help Spark Pan-European Network Buildout a Decade After...
In the bid to build out a pan-European card network, will it be different this time? More than a decade ago, the Monnet Project Association, a group of 24 European...
March 05, 2024
Visa and Western Union Expand Cross-Border Payment Agreement
Visa and Western Union have formed a new agreement centered on cross-border payments. The expanded partnership, announced Tuesday (March 5), lets Western Union customers send money to loved ones, Visa cards and bank accounts in...
March 01, 2024
Mercado Libre Appoints Andre Chaves to Head Brazilian FinTech Business
Mercado Libre, an eCommerce and payments platform in Latin America, appointed Andre Chaves as the new head of its FinTech business in Brazil. “Very humbled and excited to be taking a new...
March 01, 2024
The Ten Second Rule: EU Mandates Instant Payments Availability
Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and...
February 29, 2024
G20 Lays Out Cross-Border Payments Roadmap
In 2020, the G20 leaders endorsed a roadmap to improve cross-border payments experiences and infrastructure. The goal was to make cross-border payments cheaper, faster, more transparent, and accessible by 2027 — and...
February 28, 2024
Are Blockchain-Based Smart Contracts a Smart Option for Global Financing?
Proponents of blockchain’s underlying technical capabilities are determined to shake off its cryptocurrency-centric associations. In large part by finding historical opportunity areas within the traditional financial sector that digital assets...
February 28, 2024
Payoneer Merchant Services Grows 400% as Small Businesses Sell Globally
Demand for B2B and merchant services drove Payoneer’s volume growth in 2023. The small- to medium-sized business (SMB)-focused FinTech company’s B2B volume rose 13% and its merchant services volume leapt 400%...
February 27, 2024
Brazil’s Central Bank Promotes Pix as Cross-Border Payment Solution
Brazil’s central bank is reportedly looking to take the country’s instant-payment system, Pix, to the global stage. With policymakers from the Group of 20 nations meeting in Sao Paulo to...
February 23, 2024
CAB Payments Appoints Vanquis Banking Veteran Neeraj Kapur as CEO
CAB Payments announced a CEO transition, with Neeraj Kapur set to succeed Bhairav Trivedi March 26. Trivedi, who has been CEO for three years, will help with the transition and...
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.