Cross border payments

Flywire is working with Bank of America to streamline cross-border payments for the bank’s higher education and corporate clients, whose foreign transaction traffic is rising along with global commerce.

Western Union has gone live with a service enabling real-time cross-border remittances to India harnessing Unified Payments Interface, the central bank’s payment rails.

Ravi Menon says that Facebook's bid to create its own digital currency has laid bare shortcomings in cross-border payments and financial inclusion that banks and regulators must address.

As e-commerce becomes international, American merchants should embrace alternative payment methods in other countries, says PPRO U.S.'s Steve Villegas.

Making a domestic or cross-border B2B payment should be as easy as a consumer making a payment at a retailer's point of sale. There are plenty of obstacles toward this goal, but also plenty of paths to success.

Incumbents and challenger fintechs dominate the remittance market, leading Majority to forge a very narrow use case for its initial corridor.

Ripple is collaborating with financial software company Finastra, boosting both companies' reach in the cross-border transaction market.

Europe's PSD2 doesn't directly impact Hong Kong, but its monetary decision makers support open banking frameworks, sparking a network of banks to support that effort through the help of HSBC and Swift.

PayPal’s cross-border remittance unit Xoom is hoping to build a faster payments market in South Korea by enabling direct delivery into bank accounts, a channel that tends to be more expensive than other options.

Samsung Pay users can use the app to send funds across borders to recipients with a bank account through a new service powered by Travelex.