Global Payments

Globalization is driving corporations to transact more frequently across borders. Consumers are also transacting more on a global basis—buying from foreign eCommerce sites as well as traveling, living, and working abroad. For the payments industry, the result is higher volumes of payments—in terms of both currency value and number of transactions. This is also leading to a consequent shift downwards in the average value of these payments.
Flutterwave Extends Remittances Solution to US and Canada
Flutterwave Extends Remittances Solution to US and Canada
August 01, 2023  |  Global Payments

Flutterwave has extended its remittance solution to the United States and Canada, enabling money transfers from those countries to Africa. With this expansion, the Send App can now...

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PayU Selling Bulk of Business to Rapyd to Focus on India
PayU Selling Bulk of Business to Rapyd to Focus on India
August 01, 2023  |  Acquisitions

Payments company PayU will sell most of its global business to Rapyd in a $610 million deal. The all-cash transaction, announced Tuesday (Aug. 1), will...

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Mastercard: Click to Pay Transactions Surge 70% Over Last Year’s Levels
Mastercard: Click to Pay Transactions Surge 70% Over Last Year’s Levels
July 27, 2023  |  Mastercard

New payment flows and Click to Pay transactions surged for Mastercard in the second quarter of 2023 as consumers and businesses continued to turn to digital channels as their...

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Corpay’s X-Border Business Launches Internal Invoicing Solution
Corpay’s X-Border Business Launches Internal Invoicing Solution
July 25, 2023  |  B2B Payments

Corpay’s cross-border business has launched a tool that automates and streamlines the settlement of internal invoices for corporations that have global subsidiaries. The new Netting Manager enables...

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Netspend and Leagues Cup Team to Launch Travel Wallet For Soccer Fans Worldwide
Netspend and Leagues Cup Team to Launch Travel Wallet For Soccer Fans Worldwide
July 21, 2023  |  Digital Payments

Netspend has announced an official debit card partnership with the Leagues Cup, an inaugural soccer tournament taking place this summer in the U.S. The deal...

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What All Banks Can Learn From Bank of England’s June 2023 ISO 20022 Migration
What All Banks Can Learn From Bank of England’s June 2023 ISO 20022 Migration
July 17, 2023  |  Faster Payments

When it comes to embracing new ways of doing things in payments — adopting standards, fostering new use cases — boring is good. Boring implies...

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Will Private Blockchain and the Fed Make Tokenized Deposits Mainstream?
Will Private Blockchain and the Fed Make Tokenized Deposits Mainstream?
July 07, 2023  |  CBDC

A digital dollar may be on the horizon — or at least, it’s feasible. After a 12-week project, the Federal Reserve and nine marquee names in banking said Thursday...

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NY Fed: Digital Dollar Could Improve Cross-Border Payments
NY Fed: Digital Dollar Could Improve Cross-Border Payments
July 06, 2023  |  CBDC

The New York Federal Reserve said a digital dollar could improve cross-border and domestic payments. That’s according to the results of a test by the Fed’s New...

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Ant Group Expands Payments Partnership With Italy’s Tinaba
Ant Group Expands Payments Partnership With Italy’s Tinaba
July 03, 2023  |  Partnerships

Alipay and Tinaba have expanded their partnership to help Italian travelers make payments in Asia. Tinaba, a Milian-based payments company, announced in a press release the latest iteration...

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