Stripe, the FinTech giant, is reportedly in talks to acquire crypto startup Bridge for $1 billion, according to sources familiar with the discussions. This potential acquisition would be the largest to date for Stripe, which was recently valued at $70 billion. However, the deal is...
Ant Group has appointed its senior vice president, Peng Yang, as president of the company’s International Business Group (IBG). Yang will report to Eric Jing, chairman and CEO of Ant Group, and is tasked to lead the the company’s international growth and further solidify partnerships,...
Cross-border bank processor Payall has closed a $10 million seed round led by Andreessen Horowitz (a16z), a press release said. Payall has a single shared platform which will fuel compliance automation, risk mitigation and more transparency, the release said. The platform’s services include specialized, inclusive...
As PYMNTS discusses in the Cross-border Retail Payments Tracker, eCommerce merchants increasingly recognize the importance of catering to international customers. Read the report: The Cross-border Retail Payments Tracker For example, a 2021 study of the top 50 eCommerce websites found that 46% of them offered...
November 26, 2021
More than 450 local digital payment methods are used around the world, and how well merchants cater to those local preferences can make or break their efforts to expand internationally. And while cross-border merchants are picking up local payment options at a higher frequency, Chuck Huang, founder and CEO of Citcon, adoption isn’t as widespread […]
June 24, 2021
Interchange fees, assessed by credit card companies on merchants for credit and debit card transactions, have taken center stage. Companies are assessed these costs by financial institutions in exchange for...
June 04, 2021
The great digital shift has been a rising tide that has lifted all forms of eCommerce — especially cross-border. Ben Fochs, VP of strategy at Digital River, told PYMNTS that...
January 07, 2021
There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. In 2020, many of...
November 06, 2024
J.P. Morgan has announced a significant enhancement to its blockchain platform, recently rebranded from Onyx to Kinexys. The bank will integrate Kinexys Digital Payments with J.P. Morgan FX Services, enabling on-chain FX settlement. This move positions Kinexys as a key player in the landscape of digital cross-border payments and foreign exchange. Initially supporting USD and […]
October 18, 2024
Stripe, the FinTech giant, is reportedly in talks to acquire crypto startup Bridge for $1 billion, according to sources familiar with the discussions. This potential acquisition would be the largest...
July 21, 2023
Ant Group has appointed its senior vice president, Peng Yang, as president of the company’s International Business Group (IBG). Yang will report to Eric Jing, chairman and CEO of Ant...
September 15, 2022
Cross-border bank processor Payall has closed a $10 million seed round led by Andreessen Horowitz (a16z), a press release said. Payall has a single shared platform which will fuel compliance...
