Cross border payments

With big companies frequently set in their ways for how they make cross-border payments, most innovation is targeted toward smaller shops that make fewer payments to foreign suppliers. But that isn't always the case.

As more of China's citizens engage in travel and commerce across the nation's borders, more companies want to help them pay and collect money. Many of China's dominant payment brands are extending their reach globally, but U.S. and European companies are also focused on this audience.

China-based Ant Financial is preparing to fight for MoneyGram despite a rival bid from Euronet Worldwide, based on signals the company sent today in an open letter to the money-transfer company’s management, employees and customers.

For London-based fintech provider Tramonex, seeing so many Chinese tourists visiting the U.K. meant a chance to join the success of WeChat Pay. But how to accomplish this was less clear.

Western Union Co.’s mobile app customers can now use Apple Pay to send funds originating in the U.S. to more than 200 countries and territories worldwide, including domestic bill-payments.

There's been a lot of funding flowing into technology that targets the spending of Chinese travelers as they visit other countries. But this narrow use case isn't the only opportunity for investment and innovation.

Chinese billionaire Jack Ma’s latest U.S. expansion plan is facing rising political obstacles.

Wells Fargo & Co. is expanding its ExpressSend remittance payout network in India to include Axis Bank and, beginning next month, expanding a free-transfer promotion previously available only for those sending at least $500.

Banks are asking Hong Kong property agents to stop accepting China-issued UnionPay cards, as mainland authorities escalate their crackdown on capital flows out of the country.

Ant Financial said it’s considering whether to make a higher offer for U.S. money-transfer firm MoneyGram International Inc., after that company said an unsolicited takeover bid by a smaller, little-known rival could be a better deal.

The surge of students seeking an overseas education in recent years powered rapid growth for Flywire, a Boston-based payments technology firm that handles cross-border tuition payments. It must now test whether the global network it built can serve the B-to-B market as well.

Operating from Kansas, payments processor Euronet Worldwide has been working furiously—and quietly—on a way to disrupt China-based Ant Financial's deal to buy Dallas-based MoneyGram ever since news broke in January.

Euronet Worldwide Inc. offered to buy MoneyGram International Inc. in a cash deal that the firm said values the company at a higher premium than a competing bid from billionaire Jack Ma’s Ant Financial.

Mobile money apps have proven to be a major force in building financial services in emerging economies, but under the hood they can be starkly different.

The certification covers compliance, risk and strategy expertise as the payments industry becomes increasingly digitized and global.

For the music industry, which globalized quickly as its products moved online, payment processes haven't kept up.

The cross-border payments startup will use proceeds from its Series D round to fuel growth.

U.S. corporations with heavy international payments traffic between buyers and suppliers are looking for ways to use financial technology to streamline processes.

The investment will help BillPro's international expansion ambitions in a cross-border payments market that's expected to expand for technology-driven providers.

Banks have traditonally lagged behind in embracing innovation, though blockchain provides the opportunity to quickly ramp up digital services.