Cross border payments

Siam Commercial Bank is partnering with Ripple to provide instant cross-border payments for small and medium size enterprises (SMEs).

Canada’s small businesses have lagged behind the U.S. in adopting digital commerce for a variety of reasons, but coronavirus might send things in a new direction.

TransferWise has partnered with Alipay to expand money remittance options for its users to instantly send Chinese yuan to friends and family in China.

Governments are directly advancing real-time digital payments — a welcome move for Ripple, which is applying its relationship with MoneyGram and a growing base of eager partners to expand its network.

The nationwide lockdown in Italy has necessitated changes for Pellegrino personally, and for his business. The two worlds often intersect.

Australia’s Airwallex group is seeking about $200 million in a series D equity funding round to bankroll its cross-border payments business globally, according to people familiar with the matter.

As part of its financial inclusion campaign, Mastercard has partnered with Moneytrans to launch remittance-linked checking for migrant workers with a goal of obtaining 1 million users by 2025.

Something as simple as the sale of cheese can show how fear instantly affects the economy, disrupting trade and the transaction fees that processors rely on.

Coronavirus, also called Covid-19, is wreaking havoc on the stock market, with a heightened effect on the travel industry. It could also cause a drastic change in payment habits, as consumers shift to digital channels to reduce their risk of infection from handling cash.

For real-time payments, there are national schemes to help drive adoption and enhance consumer convenience, according to Standard Chartered's Tarek Elyafi and Shantanu Vijaykumar Bhosale

Small World Financial Services is addressing a gap in its cross-border network by making a deal to buy French money transfer agent MoneyGlobe.

The U.K.’s departure from the European Union is still causing lots of headaches for financial technology companies, but there’s now enough clarity to work with. And that often means operating from a new address.

For many international enterprises, cross-border e-commerce processing is table stakes. And the more complex the payment, the more important it is to handle it quickly.

While many consumers and large businesses are keen to adopt digital, real-time payments, there are still some groups of users that tend towards longer-established payment methods that are inconsistent with the digital economy, according to Standard Chartered's Tarek Elyafi and Shantanu Vijaykumar Bhosale.

Whether it’s an online sale or a corporate supply chain, the need to silently transfer and convert currencies is inspiring a mix of rapid product development and investment.

The formerly invite-only challenger bank Majority has launched across the U.S. offering free remittances to four African countries.

Oceanpayment, a payment service provider launched six years ago in Shenzhen, China that specializes in global online e-commerce transactions, has agreed to provide merchant acquiring services for JCB, Japan’s top credit card brand.

Like its rival Mastercard, payments volume is on the rise at Visa, but the coronavirus complicates the near-term economic outlook and makes China an even tougher market.

Visa, along with Google Ventures, invested in an $80 million Series E fundraising round in cross-border B2B payments provider Currencycloud.

Alipay and WorldRemit will enable consumers to send remittances to the Alipay app to support broader use for payments and other financial services.