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.

Citi Names 2 Longtime Employees as Global Co-Heads of TTS Payments

Citi Names 2 Longtime Employees as Global Co-Heads of TTS Payments
Citi Names 2 Longtime Employees as Global Co-Heads of TTS Payments
November 16, 2021  |  Personnel

Citi has announced that two longtime executives, Amit Agarwal and Debopama Sen, will serve as co-heads of Citi Treasury and Trade Solutions (TTS) Payments and...

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TerraPay-MTN Uganda Partnership to Offer “Digital Mobility” 
TerraPay-MTN Uganda Partnership to Offer “Digital Mobility” 
November 15, 2021  |  Partnerships / Acquisitions

The Dutch payments infrastructure company TerraPay has joined forces with MTN Mobile Money Uganda Limited to power speedy transfers to beneficiaries in places like China...

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Flywire Reports 61% Q3 Revenue Growth to $67.8M 
Flywire Reports 61% Q3 Revenue Growth to $67.8M 
November 11, 2021  |  Earnings

Global payments platform Flywire Corporation on Tuesday (Nov. 9) reported 61% revenue growth to $67.8 million for the third quarter of fiscal 2021, up from...

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What Exactly Is ‘Payment Orchestration’ And Why Does Your Business Need It?
What Exactly Is ‘Payment Orchestration’ And Why Does Your Business Need It?
November 11, 2021  |  Payment Methods

The rapidly evolving payments landscape can be a nightmare for merchants to navigate, all the more so when they’re entering into expansion mode. When moving...

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Two-Thirds of Travel Operators Cite Accounts Receivable as Significant Payment Pain Point
Two-Thirds of Travel Operators Cite Accounts Receivable as Significant Payment Pain Point
November 10, 2021  |  Accounts Receivable

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Global Payment Orchestration Market Expected to Grow 20% Annually
Global Payment Orchestration Market Expected to Grow 20% Annually
November 09, 2021  |  Cross-border Payments

When an enterprise starts doing B2B trade with a company in another nation, the seller quickly finds that it must meet the shopper’s payment preferences,...

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Modern Treasury, Metropolitan Commercial Bank Team on Automated Payments
Modern Treasury, Metropolitan Commercial Bank Team on Automated Payments
November 09, 2021  |  B2B Payments

Modern Treasury, a payments operations software provider, is working with Metropolitan Commercial Bank (MCB) in order to provide automated payment options to companies, according to...

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Deep Dive: How International Enterprises Can Prepare for Growth With Second-Wave Payments Orchestration
Deep Dive: How International Enterprises Can Prepare for Growth With Second-Wave Payments Orchestration
November 08, 2021  |  Cross-border Payments

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Biden Wants Cuba Remittances Policy ‘Tough on the Regime and Soft on the Cuban People’
Biden Wants Cuba Remittances Policy ‘Tough on the Regime and Soft on the Cuban People’
November 07, 2021  |  International

The White House is seeking “innovative options” to restart remittances to Cuba, it said when sending back some recommendations that had been made by the...

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