Western Union is bringing its “concept store” concept to Africa with a new outpost in Morocco. The money transfer service announced the store — its first on the continent — on Wednesday (June 26), saying it was part of Western Union’s “Evolve 2025” strategy for...
Corporate payments company Corpay is acquiring business-to-business cross-border/treasury management firm GPS Capital Markets. “GPS is our third largest deal ever. We’re quite excited about GPS’ assets including a blue-chip roster of clients, a team of terrific FX specialists, and a market leading FX netting technology,”...
Wise is upping its investment in payment infrastructure as its customer base grows. The U.K.-based money transfer firm on Thursday (June 13) released year-end results showing double-digit percentage increases in revenue and customer numbers. “We moved £118.5bn around the world for 12.8m customers, 29% more...
The state of crypto, just like the crypto market, remains promising – if volatile – in 2024. While many observers may have believed that the crypto space would simply disappear after a wild start to the 2020s that saw it enter the mainstream and then...
May 08, 2024
There’s no place like home, particularly when it comes to preferred payment mechanisms. That’s why businesses looking to expand internationally need to ensure that their strategic approach includes diversification of payment methods and the integration of local payment solutions. “You need to embrace local payment methods and prioritize them unless you want to have a lot of cart abandonment,” […]
April 30, 2024
In the midst of chaos, there is also opportunity. That quote, from Sun Tzu’s “The Art of War,” dates to the fifth century B.C. But it is just as relevant today, as businesses around...
April 03, 2024
Tokenization is gaining momentum on the global stage, and with commercial applications. The Bank for International Settlements announced Wednesday (April 3) that it is working in tandem with seven central banks —...
January 25, 2024
Corporate card usage has surged in popularity, especially among small- to medium-sized businesses (SMBs) grappling with inflationary pressures and rising costs. However, despite this trend, the traditional financial services sector...
July 01, 2024
The Bank for International Settlements (BIS) wants to expand the world’s largest instant payment system (IPS). BIS announced Monday (July 1), that it had completed the blueprint for the third phase of its Project Nexus, aimed at connecting the instant payment systems of several central banks. In phase four of that project, those banks — […]
June 26, 2024
Western Union is bringing its “concept store” concept to Africa with a new outpost in Morocco. The money transfer service announced the store — its first on the continent —...
June 19, 2024
Corporate payments company Corpay is acquiring business-to-business cross-border/treasury management firm GPS Capital Markets. “GPS is our third largest deal ever. We’re quite excited about GPS’ assets including a blue-chip roster...
June 13, 2024
Wise is upping its investment in payment infrastructure as its customer base grows. The U.K.-based money transfer firm on Thursday (June 13) released year-end results showing double-digit percentage increases in...
