July 31, 2024
PingPong Scores Payments License in Indonesia
Enterprise-focused cross-border payments platform PingPong has won approval to do business in Indonesia. Bank Indonesia, the country’s central bank, has granted the company a payment system service provider license, allowing...
July 31, 2024
Citi Services Head of Payments Says Instant Is In as...
Change in payments, as in life, happens slowly and then all at once. And as we navigate through 2024, the payments industry is undergoing transformative changes, driven by innovations spurred...
July 30, 2024
Monto Raises $9 Million to Seed B2B Payments Platform
Israeli B2B payments platform Monto has emerged from stealth with $9 million in funding. “Monto enables B2B finance teams to seamlessly get paid from any AP portal used by their enterprise customers,”...
July 29, 2024
WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce
With the news that five years of trade negotiations under the World Trade Organization (WTO) Joint Statement Initiative on Electronic Commerce reached a milestone Friday (July 26) — with participants...
July 26, 2024
What is Wrong with the WTO Discipline on Subsidies?
The regulation of subsidies in the WTO leaves a lot to be desired. It is outdated, as it was negotiated before the advent of global value chains. It does not...
July 26, 2024
Blockchain’s Benefits for Regulated Industries
Regulated industries, including healthcare and financial services, must adhere to numerous requirements, such as know your customer (KYC), anti-money laundering (AML) and data privacy regulations. In many ways, blockchain is...
July 25, 2024
This Week in B2B: Capturing the Digital Innovations Reshaping Workflows
In the B2B landscape, the only constant is change — and technology is the change agent. After all, while trust remains foundational in B2B relationships, it is technology that is...
July 24, 2024
Morgan Stanley Buys Stake in UK Payments Firm Sokin
British payments firm Sokin is planning to expand following an investment by Morgan Stanley. Investment funds managed by the banking giant had purchased a stake in Sokin, the company announced...
July 23, 2024
Visa: 80% of Face-to-Face Transactions Internationally Are Tap to Pay
Visa’s fiscal third quarter results showed continued momentum in new payment flows — and further embrace of contactless payments in brick-and-mortar, face-to-face transactions. CEO Ryan McInerney said on the conference...
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.