December 11, 2023
HitPay Unveils Mass Payouts for Businesses in Southeast Asia
Commerce infrastructure provider HitPay has debuted mass payouts in three new countries. Business customers in Singapore — where HitPay is based — Malaysia and the Philippines can now “seamlessly pay workers, contractors, partners,...
December 08, 2023
Ripple Expands Global Payout Coverage of Cross-Border Payments Solution
Ripple has updated its crypto-enabled cross-border payments solution. The newly enhanced Ripple Payments, formerly known as RippleNet, enables businesses to leverage the blockchain easily for faster, cheaper and more efficient cross-border...
December 07, 2023
Flutterwave Acquires Money Transmission Licenses in 13 US States
Flutterwave has acquired 13 money transmission licenses in the United States, allowing for faster, more affordable and secure money transfers between the U.S. and Africa. These licenses expand Flutterwave’s reach...
December 07, 2023
Citcon and Alipay Partner to Offer International e-Wallet Payments
Payment service provider Citcon has launched a partnership with cross-border mobile payment platform Alipay+. The collaboration, announced in a news release Thursday (Dec. 7), is designed to allow for international e-wallet payments for U.S. retail...
December 07, 2023
ZilBank Streamlines Opening US Accounts for Mexican Companies
B2B banking platform ZilBank has launched a new feature that makes it easier for Mexican businesses, entrepreneurs and freelancers to pay U.S. vendors, affiliates, employees and others. The software-as-a-service (SaaS)...
December 06, 2023
Citi Invests in and Expands Use of FinTech Firm Icon...
Citi has invested in payments technology company Icon Solutions as it modernizes its payments platform. The investment, made via Citi Treasury and Trade Solutions, comes as Citi also plans to expand its use of...
December 06, 2023
Western Union Marks 100 Concept Stores in Europe
Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned...
December 05, 2023
J.P. Morgan Payments: AI, Blockchain and APIs Make Cross-Border Payments...
It’s no surprise that businesses and consumers continue to seek alternatives to traditional, costly and time-consuming methods for international payments, driving a growing demand for faster, cheaper and more efficient...
December 04, 2023
Connectivity Defined the Past Decade — Interoperability Will Shape the...
A decade ago, in 2013, Amazon counted around a thousand robots across its fulfilment warehouses. That same year, tech giant Google spent more on headcount and people costs than it...
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.