Cross border payments

International e-commerce is booming these days and so too are the opportunities—and challenges—for payments players.

It’s possible for all types of companies to live in tandem and ultimately, benefit from this new business ecosystem, writes Khalid Fellahi, senior vice president and general manager of Western Union Digital.

About half of Swift Global Payments Innovation transactions are credited within 30 minutes and many within seconds.

Very few organizations have adopted blockchain technology for any meaningful day-to-day use. But a change could be afoot.

The DirectRemit service will enable the large British population in the UAE to send funds to family members' Lloyds Bank accounts in less than 60 seconds and to other U.K.-based banks within an hour.

The Society for Worldwide Interbank Financial Telecommunication, or Swift, has named David Scola, a former Barclays exec, its new head of North America operations.

Canada’s credit unions have been losing out to the country’s banks in terms of business banking market share, and have struggled to keep up with the banks’ capacity for technological innovation. Central 1 wants to redress this imbalance in the credit unions’ ability to compete with the banks.

After the 2008 banking crisis, centralized payment systems and financial services don’t have as much appeal to the younger set as a more transparent decentralized system, argues Csaba Csabai, founder and CEO of Inlock.

Remitly’s moves are clearly in response to the growing competitive pressure being placed in a key U.S. outbound corridor.

Since his 2016 campaign, Donald Trump has loomed over the international payments system with a series of threats that are proving increasingly empty.