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.

Thunes, Alipay+ Partner to Ease Acceptance of Mobile Wallets in Europe
Thunes, Alipay+ Partner to Ease Acceptance of Mobile Wallets in Europe
August 31, 2022  |  Mobile Wallets

Noting the recovery of international tourism and the popularity of mobile wallets, cross-border payments company Thunes has partnered with Ant Group’s Alipay+ to enable merchants...

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Letters of Credit Face Extinction From Digital Cross-Border Trade Tools
Letters of Credit Face Extinction From Digital Cross-Border Trade Tools
August 30, 2022  |  B2B Payments

Letters of credit (LCs) are an age-old way of conducting business. While they were necessary for transactions for many years, they are now becoming outdated....

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Indian Consumers Seek Relief From Cross-Border Education, Travel Payments Friction
Indian Consumers Seek Relief From Cross-Border Education, Travel Payments Friction
August 29, 2022  |  Cross-border Payments

The great reopening is upon us: Travel is surging, airports are crowded and railways are congested. Cross-border travel is seeing a snapback. Get the Full...

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Ripple, Brazil’s Travelex Bank Add Crypto-Based X-Border Payments
Ripple, Brazil’s Travelex Bank Add Crypto-Based X-Border Payments
August 18, 2022  |  Cryptocurrency

Aiming to use cryptocurrency to enable cheaper, faster cross-border payments, enterprise blockchain and crypto solution provider Ripple has teamed up with Travelex Bank to launch...

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Surging Cross-Border Payment Volumes Reflect Rise of Multinational D2C Sellers
Surging Cross-Border Payment Volumes Reflect Rise of Multinational D2C Sellers
August 16, 2022  |  Cross-border Payments

The continued eCommerce shift has merchants — especially larger ones — pivoting to sell their products directly to consumers (D2C). Get the Full Story Complete...

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SMB Sellers, Payments Surprisingly Resilient in the Face of Global Turmoil
SMB Sellers, Payments Surprisingly Resilient in the Face of Global Turmoil
August 12, 2022  |  B2B Payments

B2B payment digitization came to the rescue during the pandemic, but it also can help businesses cope with humanity’s self-induced catastrophe, war. Get the Full...

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Wise, Plaid Launch Open Finance Partnership
Wise, Plaid Launch Open Finance Partnership
August 10, 2022  |  Partnerships

Money transfer service Wise and payments processing company Plaid have formed an open finance agreement to help customers move money across different financial institutions (FIs)....

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NEW REPORT: Supporting Resilient Growth While Navigating Black Swan Events
NEW REPORT: Supporting Resilient Growth While Navigating Black Swan Events
August 04, 2022  |  Risk Management

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Amex Launches Global Pay for Cross-Border Payments
Amex Launches Global Pay for Cross-Border Payments
August 02, 2022  |  Cross-border Payments

American Express has launched Global Pay, a digital solution the company said will let U.S. businesses make secure domestic and international B2B payments. Get the...

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