Global Payments

Globalization is driving corporations to transact more frequently across borders. Consumers are also transacting more on a global basis—buying from foreign eCommerce sites as well as traveling, living, and working abroad. For the payments industry, the result is higher volumes of payments—in terms of both currency value and number of transactions. This is also leading to a consequent shift downwards in the average value of these payments.
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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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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TerraPay: Scaling Cross-Border Payments Means Reducing How Much They Cost
TerraPay: Scaling Cross-Border Payments Means Reducing How Much They Cost
July 22, 2024  |  Cross-border Payments

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...

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

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...

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

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...

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

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...

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

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...

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Mastercard to Facilitate Cross-Border Payments for Medical Tourism Association
Mastercard to Facilitate Cross-Border Payments for Medical Tourism Association
July 10, 2024  |  Healthcare

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...

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