December 15, 2023
DLT’s Role in Traditional Finance May Scale With Tokenized Loans
Distributed ledger technology (DLT) has long been promised to upend traditional financial services. The common refrain has been that blockchain would do so by disintermediating everything that banks do —...
December 15, 2023
UnionPay Partners With Trip.com to Meet Travelers’ Payment Needs
UnionPay International (UPI) partnered with online travel agency (OTA) Trip.com to enhance the payment experience for UnionPay cardholders. The collaboration will expand online acceptance and meet the payment needs of...
December 14, 2023
Decision Brief: Online Seller’s Guide to Advanced Authentication Techniques
Introduction: Online sellers are consistently grappling with the delicate balance of upholding robust security measures while providing customers with a seamless shopping experience. Central to striking this balance is the...
December 13, 2023
MyFinity Partners With Convera to Increase Global Coverage
MiFinity has partnered with Convera to increase the country coverage of its PayAnyBank (PAB) service. The integration of Convera’s B2B cross-border payments capabilities into MiFinity’s PAB service furthers MiFinity’s commitment to providing cross-border...
December 13, 2023
Airwallex and Woo Team to Simplify Cross-Border eCommerce
Payments platform Airwallex has launched a partnership with eCommerce platform Woo. The collaboration makes Airwallex an official payment extension of Woo, letting the platform’s 3.5 million stores accept cross-border payments via cards, digital wallets and...
December 13, 2023
British Payment Regulator Calls for Cross-Border Card Fee Cap
Visa and Mastercard are under pressure to cap cross-border merchant fees in the U.K. The Payment Systems Regulator (PSR) on Wednesday (Dec. 13) published an update to its review of cross-border interchange fees on transactions between U.K....
December 12, 2023
ConnexPay Adds Canadian Dollars to Virtual Card Offering
Payments platform ConnexPay has added acquiring in Canadian dollars to its virtual card issuing offering. The expansion lets ConnexPay customers process payments in Canadian dollars (CAD), according to a Tuesday (Dec. 12)...
December 12, 2023
Lightnet Teams With TransferMate to Streamline B2B Global Payments
Singapore-based payment solutions provider Lightnet partnered with B2B global payments infrastructure-as-a-service provider TransferMate. Lightnet will integrate TransferMate’s global payments network within its platform, enabling Lightnet to expand its services to...
December 11, 2023
Citi Provides Investment and Technology to Colombian FinTech Supra
Citi has led a strategic investment round in Supra, a Colombian FinTech that enables cross-border payments and treasury solutions. Supra provides these solutions to small and medium-sized businesses (SMBs) involved...
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.