Global Payments/page/5 news and trends

JPMorgan and Standard Charters Back Blockchain Rails Firm Partior’s $60 Million Fund Raise
Investments // July 12, 2024

Partior has raised $60 million in a Series B funding round to add new capabilities and more currencies to its global unified ledger-based interbank rails for real-time clearing and settlement. The company’s infrastructure is used by major banks in financial markets that include London, New...

TerraPay and YeePay Partner on Cross-Border Payment Solutions
Cross-border Payments // July 12, 2024

TerraPay and YeePay have partnered to enhance cross-border payment solutions for customers. The new strategic partnership brings together TerraPay’s global money movement capabilities and YeePay’s enterprise payment services, the companies said in a Monday (July 8) press release. Chen Yu, co-founder of YeePay, said in the release...

Instant Payments Versus Stablecoins: The Race to Rule Real-Time Transactions
Payment Methods // July 11, 2024

The future of money movement is accelerating globally. With real-time payments on the U.S. RTP® Network and in Europe setting new usage records, and awareness of instant payments growing in the U.S. since the launch of the FedNow® Service last July, organizations and observers may...

Sovos CEO Says Government Tax Compliance Mandates Push CFOs to Modernize
Taxes // July 11, 2024

Governments around the world are using mandates to modernize and digitize all manner of activities, including how they collect taxes. To get a sense of the task at hand and its complexity, there are 19,000 taxing jurisdictions making thousands of changes, which has a ripple...

Interviews & Exclusives
TerraPay: Scaling Cross-Border Payments Means Reducing How Much They Cost

July 22, 2024
Innovation within payments and commerce is increasingly centered on fostering global financial interoperability and inclusion. Already, the first half of 2024 has been particularly action-packed for the payments industry, marked by significant technological advancements and strategic initiatives aimed at reducing transaction costs as a key way to spur greater interoperability and financial inclusion. “There are […]

Sovos CEO Says Government Tax Compliance Mandates Push CFOs to Modernize

July 11, 2024
Governments around the world are using mandates to modernize and digitize all manner of activities, including how they collect taxes. To get a sense of the task at hand and...

Global Real-Time Payments to Top $58T by 2028

July 05, 2024
Real-time payments continue to advance globally. Banks, FinTechs, corporates and governments are all pursuing initiatives to accelerate payments for their citizens and customers. Real-Time Payments in the United States In...

Crypto’s Three Priorities for 2024: Interoperability, Acceptance, Regulation

July 04, 2024
Halfway through 2024, and the cryptocurrency and blockchain space finds itself at a critical juncture.  It is the same critical juncture, or at least one strikingly similar, that the crypto...

Quick Reads
JPMorgan and Standard Charters Back Blockchain Rails Firm Partior’s $60 Million Fund Raise

July 12, 2024
Partior has raised $60 million in a Series B funding round to add new capabilities and more currencies to its global unified ledger-based interbank rails for real-time clearing and settlement. The company’s infrastructure is used by major banks in financial markets that include London, New York, Singapore, Frankfurt and Hong Kong, Partior said in a Friday […]

TerraPay and YeePay Partner on Cross-Border Payment Solutions

July 12, 2024
TerraPay and YeePay have partnered to enhance cross-border payment solutions for customers. The new strategic partnership brings together TerraPay’s global money movement capabilities and YeePay’s enterprise payment services, the companies said...

Mastercard to Facilitate Cross-Border Payments for Medical Tourism Association

July 10, 2024
Mastercard and the Medical Tourism Association (MTA) have teamed up to modernize the medical tourism experience for patients and providers around the world.  The MTA will launch a one-stop platform called Better by...

HSBC’s Zing Leverages Visa Solutions for Cross-Border Payments

July 09, 2024
Visa announced Tuesday (July 9) that it partnered with Zing, a FinTech that is part of the HSBC Group, to develop an international payments app that Zing launched in the United Kingdom...