Alibaba.com has launched a new service in which it does more of the legwork involved in cross-border trade. For products sourced through Alibaba Guaranteed, which was officially launched Thursday (June 6), the global B2B eCommerce platform fulfills the orders itself and handles finance, the company...
Today’s corporate treasurers face a dynamic set of demands. These requirements, which have traditionally centered around core activities like working capital management, banking, investments, risk management for currencies and interest rates, and other operationally necessary financial exercises, are becoming increasingly scaled up as businesses expand...
Many eCommerce merchants in the United States want to expand their businesses through cross-border sales, but cross-border transactions are not without pain points. As PYMNTS Intelligence’s “Cross-Border Sales and the Challenge of Failed Payments” revealed, faulty cross-border payments took a toll last year, costing U.S....
The farther payments travel, the greater the potential is for failure. Cross-border transactions, as they wend their way across currencies and time zones, with any number of parties and counterparties in the mix, are rife with complexities. Streamlined, standardized messaging, at least conceptually, aids straight-through...
November 08, 2022
As more and more merchants seek expansion into markets abroad in search of new consumers willing to buy, they’re also apt to find a few other things waiting for them in foreign lands, namely, a raft of currency and cultural differences and the challenge of bringing the two together. According to PayU Global Payments Chief […]
October 17, 2022
Unlocking potential in the burgeoning market for luxury goods in the Asia-Pacific region isn’t a job for payments lightweights. It’s serious business with major challenges. During a recent PYMNTS panel...
October 13, 2022
With merchants and brands battling falling sales, cross-border expansion into high-growth markets is a strategy for steadying the ship, but it’s tough going if you don’t know the local payment...
September 15, 2022
When PYMNTS speaks to business insiders, especially entrepreneurs looking to grow their companies, they consistently cite finding the right talent as among their top priorities. They also frequently list the...
July 23, 2024
Cross-border trade payments platform XTransfer has joined forces with payments firm EBANX. The partnership, announced Tuesday (July 23), is designed to streamline B2B payments in Latin America. “This collaboration will empower XTransfer’s clients — small and medium-sized enterprises (SMEs) worldwide working with imports and exports — to navigate LatAm’s digital economy with greater ease and efficiency,” the companies said in […]
June 06, 2024
Alibaba.com has launched a new service in which it does more of the legwork involved in cross-border trade. For products sourced through Alibaba Guaranteed, which was officially launched Thursday (June...
January 08, 2024
Maalexi has raised $3 million in a Pre-Series A funding round to continue building its cross-border trade platform for small agribusinesses. The platform connects buyers with sellers worldwide to reinforce...
December 06, 2023
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...
