cross-border payments

Cross-border payment is a term referring to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.

(source: kantox.com)

New Deals and Digital Expansion Drive Mastercard’s Q2 Revenue Surge
New Deals and Digital Expansion Drive Mastercard’s Q2 Revenue Surge
July 31, 2024  |  Earnings

Playing a hot hand of new deals and balanced global consumer spending, Mastercard posted double-digit revenue growth for the second quarter, as announced in its...

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PingPong Scores Payments License in Indonesia
PingPong Scores Payments License in Indonesia
July 31, 2024  |  Cross-border Payments

Enterprise-focused cross-border payments platform PingPong has won approval to do business in Indonesia. Bank Indonesia, the country’s central bank, has granted the company a payment...

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Payments Orchestrators Become Open Payment Platforms to Improve eCommerce Efficiency
Payments Orchestrators Become Open Payment Platforms to Improve eCommerce Efficiency
July 30, 2024  |  Payments Innovation

As digital commerce evolves, businesses are constantly seeking innovative solutions to enhance their payment processes. And providers are working around the clock to give them...

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WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce
WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce
July 29, 2024  |  Cross Border Commerce

With the news that five years of trade negotiations under the World Trade Organization (WTO) Joint Statement Initiative on Electronic Commerce reached a milestone Friday...

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Cuba Bans Small Business From Using US Bank Accounts
Cuba Bans Small Business From Using US Bank Accounts
July 26, 2024  |  SMBs

Cuba has reportedly banned its small businesses from using U.S. bank accounts, just weeks after the Biden administration allowed Cubans to use the banking system....

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Prósperos Launches Mobile Financial Platform for Spanish-Speaking Consumers in US
Prósperos Launches Mobile Financial Platform for Spanish-Speaking Consumers in US
July 24, 2024  |  Mobile Payments

Prósperos has announced the general availability of its mobile financial platform designed for Spanish-speaking consumers in the United States and their families in Latin America....

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Morgan Stanley Buys Stake in UK Payments Firm Sokin
Morgan Stanley Buys Stake in UK Payments Firm Sokin
July 24, 2024  |  Investments

British payments firm Sokin is planning to expand following an investment by Morgan Stanley. Investment funds managed by the banking giant had purchased a stake...

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Visa: 80% of Face-to-Face Transactions Internationally Are Tap to Pay
Visa: 80% of Face-to-Face Transactions Internationally Are Tap to Pay
July 23, 2024  |  VISA

Visa’s fiscal third quarter results showed continued momentum in new payment flows — and further embrace of contactless payments in brick-and-mortar, face-to-face transactions. CEO Ryan...

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TerraPay Enables Cross-Border Payments to 2.1 Billion Mobile Wallets
TerraPay Enables Cross-Border Payments to 2.1 Billion Mobile Wallets
July 23, 2024  |  Mobile Wallets

TerraPay says financial institutions can now send money to mobile wallets via the Swift system. The announcement Tuesday (July 23) by the money movement company applies to 2.1...

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